Author: Sahil Thakur
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Judge allows Binance.US to invest user assets in treasuries
Binance.US has received judicial approval to invest certain customer assets in U.S. Treasury bills. This decision is part of an order setting conditions for the crypto exchange. Judge Jackson has been overseeing the SEC’s case against Binance. The SEC accused Binance and former CEO Changpeng Zhao of misleading customers, allowing U.S. investors to access Binance.com,…
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CBOE announce five spot Ethereum ETFs
CBOE announced that five spot Ethereum ETFs, including funds from Fidelity and VanEck, will be listed on the exchange on July 23. This follows CBOE posting new issue notifications as part of the ETF launch procedure. Firms aiming to launch their spot Ethereum ETFs received SEC approval of 19b-4 forms in May. However, they need…
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WazirX reportedly hacked by North Korean hackers
Indian cryptocurrency exchange WazirX was the victim of a security breach on 18th July, 2024. And reports are now coming that this was a North Korean hacker group’s job. A cyber attack occurred in one of our [multi-signature] wallets involving a loss of funds exceeding $230 million,” the company stated. “This wallet was operated utilizing…
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Indian exchange WazirX reportedly hacked for $234M
On July 18, Cyvers Alert reported that Web3 security firm Cyvers detected “multiple suspicious transactions” involving WazirX’s Safe Multisig wallet on Ethereum. They believe that $234.9 million of funds were moved to a new address, with each transaction’s caller funded by Tornado Cash, a decentralized protocol for private transactions. The new address has already converted…
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The Crypto Elections: Democrats v Republicans
The 2024 presidential election is set to be a defining moment for Crypto regulation in the United States. The industry is terming them as ” The crypto elections”. As digital assets become increasingly integral to the global financial system, the approaches of the Democratic and Republican parties towards crypto and Bitcoin have become crucial considerations…
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Stripe expands with crypto in Europe
Coinbase partner Stripe has announced the expansion of its cryptocurrency integration into the European Union (EU). This will enable shoppers to purchase various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), using their credit or debit cards. This strategic move aims to simplify the process of conducting transactions with virtual assets. Egan added, “Now,…
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Mt.Gox move $2.84B worth of Bitcoin internally.
Mt.Gox has moved 44,527 Bitcoin, worth around $2.84B at the time of writing to an internal wallet according to Arkham. This could signal the start of a repayment phase for Mt.Gox. Its worth remembering that Mt.Gox hold nearly $8.8B worth of Bitcoin that will need to be repaid back to the users this year starting…
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Trump chooses pro-crypto JD Vance as running mate
Former U.S. President and presidential candidate Donald Trump has announced Senator JD Vance as his running mate. Vance has advocated for clear cryptocurrency regulations and criticized the U.S. Securities and Exchange Commission’s (SEC) enforcement-based regulatory approach. His crypto stance aligns with Trump’s, who has positioned himself as the “crypto president,” expressing support for Bitcoin and…
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Monero tops Shopinbit transactions
According to Shopinbit, a European online retailer that accepts cryptocurrency for transactions, Monero ($XMR) was the favored payment method in June. Shopinbit reported that XMR accounted for over 74% of all payments during that period. Shopinbit stated that if $XMR continues to lead in payments for the next two months, it will change its bio…
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Abra acquires Valyrie crypto trusts
Crypto trading platform Abra disclosed it acquired several private cryptocurrency trusts from Valkyrie Investments in May 2024. According to Bloomberg, Abra Capital Management LP took over Valkyrie’s Tron and Zilliqa trusts, along with other unnamed digital asset trusts. The Zilliqa Trust had sold $21.3 million in assets, while the Tron Trust had sold $50 million.…