Xinbi Guarantee is an online cryptocurrency platform that was involved in large-scale scam operations throughout Southeast Asia, and this has become the target of US government efforts. The Department of Justice imposed a restraint order for over $52 million worth of cryptocurrencies belonging to Xinbi and its vendor networks. This
Dogecoin (DOGE) is the first and most famous dog-themed token, and it hit $0.1007 on August 22 and has since retraced more than 17% to current levels. At press time, the meme coin is trading at $0.08318, with a value rise of over 3%, and with the volume settled at
Paul Atkins, the chair of the SEC, has framed the Regulation Crypto Assets as an answer to years of ambiguity. The regulation will make the American market more welcoming for crypto-based firms and innovators. According to Atkins, the former administration was too aggressive in its enforcement efforts and thus pushed
Crypto Council for Innovation is advocating for a modernized framework for ETP by the Securities and Exchange Commission. CCI is calling for more clarity and predictability in the process of obtaining approvals for innovative ETPs. The suggestions from CCI were presented on August 31 concerning the framework for novel ETFs
Rafiqool Alam, aged 25, has been arrested by the Gujarat Police in Assam through a three-day sting operation and was found to be involved in 1,090 cybercrime cases. The total estimated damage from these cases is more than ₹1,071 crores. Fraudsters allegedly trapped individuals from various Indian states in a
Payward, which is Kraken’s parent firm, has partnered with Anthropic’s Project Glasswing since Aug. 17 in cybersecurity activities. This collaboration enables Payward to have limited access to Claude Mythos 5, which is a cybersecurity AI model from Anthropic. In the coming weeks, Payward will be conducting a scan for vulnerabilities
UMX, the Unified Market Exchange incubated by Li Lin’s Avenir Group, launched an invitation-only beta on August 10. The platform targets professional investors seeking crypto and U.S. securities through one trading environment. Users can trade crypto spot, margin, contracts, and options alongside U.S. stocks, ETFs, and stock options. UMX says
Dubai Duty Free has integrated the payment system through incorporating crypto payments in all of its airport stores and even online. Customers will be allowed to make purchases through Crypto.com Pay if they are eligible to do so. The integrating cryptocurrencies in one of the busiest international airports in the
The institutional crypto portfolio usually tends to represent the market environment in times of high volatility. In a recent disclosure made by crypto market maker GSR, the company stated that its Crypto Core3 portfolio had fallen by 57.78% in the last one year, indicating the tough times that professional digital
A new and significant hack on a bridge system is just another problem in the string of problems affecting the crypto world this month. AFX Trade, which runs on Arbitrum, lost $24.15 million worth of USDC. Attackers exploited AFX’s bridge, and several blockchain security firms detected the attack almost immediately.
