Nearly $35 million worth of various tokens were stolen from Atomic Wallet, a centralized storage and wallet service, on June 3. These tokens include bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), BNB coin (BNB) and Polygon’s MATIC. Source
The move represents the first attempt by any Chinese financial institution to issue a tokenized security in Hong Kong. Bank of China Investment (BOCI) has issued 200 million Chinese yuan ($28 million) worth of digital structured notes. Minted on the Ethereum blockchain, The move represents the first attempt by any Chinese financial institution to issue a tokenized security in Hong Kong, albeit on a public blockchain. According to a June 12 press release, BOCI had the help of Swiss banking giant UBS in the issuance and placement of tokenized securities…
A large whale added over $10 million worth of SHIB tokens on Tuesday, data shows. Source
Binance.US experienced a significant market crash following the lawsuit slammed on the company by the US SEC last week. The US arm of international crypto exchange Binance has seen a 78% market crash since the United States Securities and Exchange Commission (SEC) sued the company. The company has been struggling to maintain public trust as investors continue to fear for the safety of their funds. According to data from digital assets data provider Kaiko, Binance.US has lost close to 80% of its market strength. Kaiko analyst Dessislava Aubert also confirmed the…
According to the new Twitter CEO in a thread, Twitter and all users will be responsible for making the platform the source for accurate info. The new CEO of Twitter Linda Yaccarino has posted her views on the platform’s efforts at free speech in a thread published on Monday. Among other things, CEO Yaccarino said Twitter would support open dialogue and accurate information. Yaccarino made a few promises to the general public in her first thread since officially resuming her position as Twitter CEO. She said the goal is for…
“Due to bitcoin’s relatively short existence, we have to rely on the fundamental concepts of what it represents as an asset, so theoretically, it being of limited supply while being priced in U.S. dollars, it should act as an inflation hedge,” Butterfill told CoinDesk. Original
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update. Source
While the SEC states its mission is to protect investors, there are questions about its methods and motives. This piece unravels the SEC’s structure, balance sheet, and notable interactions with cryptocurrency entities, providing an insightful and comprehensive look at a complex issue. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Hailed as a beacon of free market principles, the cryptocurrency market is going through an intriguing phase. It’s an era where the invisible hand of…
CryptoX – Cryptocurrency Analysis and News Portal The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud. Original Source The post Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says appeared first on CryptoX. CryptoX Portal
Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets ahead of a June 13 hearing, claiming that the move would “effectively end” its business. In a June 12 filing, Binance.US slammed the SEC’s emergency motion for a temporary restraining order on its business, calling it “draconian and unduly burdensome.” The hearing on the temporary restraining order is scheduled for June 13 in the U.S. District Court for the District of Columbia. SEC/Binance Newsflash: Binance Fights Back Binance, CZ and the BAM Defendants…