A major Kenyan bank is facing a significant internal breach, with about $4 million (KES 500 million) stolen by contractors involved in its IT infrastructure. Investigations indicate that USDT was central to the laundering process, with funds transferred to multiple offshore wallets, complicating recovery efforts. The Directorate of Criminal Investigations (DCI) has launched an investigation […] Source CryptoX Portal
Binance co-founder and former CEO Changpeng “CZ” Zhao has rejected a recent Bloomberg report linking him to a stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump. In a post on X responding to the investigation, Zhao called the article a “hit piece (sponsored by a competitor)” filled with “so many factual errors” that he “doesn’t even know where to begin.” He added, “Might have to sue them again for defamation.” The Bloomberg report claimed Binance developed the original smart contract…
Anatoly Legkodymov, a Russian national and former CEO of cryptocurrency exchange Bitzlato, reportedly requested a federal pardon from US President Donald Trump after a 2023 guilty plea and serving 18 months in prison. According to a Friday report from the Russian state media outlet TASS, Legkodymov’s legal team officially asked Trump for a presidential pardon after he pleaded guilty to operating an unlicensed money transmitting business. Legkodymov was indicted in January 2023, pleaded guilty in December, and was sentenced to time served in July 2024 after being in custody for…
Cryptocurrency exchange Binance reportedly helped create the code behind the stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump. According to a Friday Bloomberg report citing three people familiar with the matter, Binance helped create, promote, and played a role in the largest transaction of WLF’s USD1 stablecoin. The crypto business, backed by Trump and his three sons, launched USD1 on March 4. An Abu Dhabi-based investment firm, MGX, announced a $2-billion investment in Binance on March 12 using a then-unnamed…
The crypto market has been on a tear in 2025, and the latest 99Bitcoins Q2 State of Crypto Market Report, authored by Manisha Mishra and sponsored by KCEX, lays it all out. The quarter saw institutional demand surge, Bitcoin ($BTC) hit a then-ATH of $111,980, and crypto hiring spike 753%. Despite the rally, the total market cap was still 12% below its $3.7 trillion peak, hinting at room to run. With stablecoin adoption booming and long-term holders stacking, Q2 may have been the real start of this cycle’s breakout. Read…
TRON began 2025 on a strong note, marked by important protocol updates, new partnerships and growth across key onchain metrics. Throughout the first half of the year, the network’s strategic focus centered on reinforcing its role as a leading blockchain for stablecoin transfers. In its latest report, Cointelegraph Research examines TRON’s performance across core metrics and explores its expanding presence in the global stablecoin ecosystem. Read the full report to explore TRON’s latest onchain performance milestones and key strategic partnerships. USDT activity on TRON reaches new highs TRON has continued…
Sui price staged a strong recovery this week, reaching its highest level since June 12, as the crypto bull run continued. Sui (SUI) jumped to a high of $3.3300, up by over 43% from its lowest level in June this year The rally coincided with the ongoing crypto rally, with Bitcoin (BTC) surging to an all-time high of nearly $113,000. Most altcoins like Cardano (ADA) and Ethereum (ETH) also gained steam. Sui’s rally also followed the release of a detailed report from Grayscale, which explained why it stands out. The…
Key Notes Circle’s USDC stablecoin is set to be integrated into Ant International’s blockchain platform once US regulatory compliance is met. Ant International is pursuing stablecoin licenses in Hong Kong, Singapore, and Luxembourg. The partnership follows Circle’s $1.05B IPO and deepens its push to embed USDC into everyday financial services. Circle, the issuer of the USD-backed stablecoin USDC, has reportedly secured a partnership with Ant International, the global subsidiary of Jack Ma’s Ant Group. Sources familiar with the matter told Bloomberg that Ant International plans to integrate USDC into its…
Blockchain security firm PeckShield says that bad actors stole tens of millions of dollars from the decentralized perpetuals exchange GMX (GMX). Posting on the social media platform X, PeckShield says that a hacker has exploited the crypto exchange to the tune of $42 million, sending $9 million of the stolen funds to the Ethereum (ETH) network from Arbitrum (ARB). “GMX has been exploited for ~$42 million. The exploiter has bridged ~$9.6 million worth of cryptos to Ethereum.” GMX confirmed the hack on its own X account, saying that its Arbitrum-based…
Mainstream media coverage of Bitcoin and crypto in the second quarter was polarized and lacking in volume despite the cryptocurrency reaching an all-time high, says market intelligence firm Perception. There were a total of 1,116 articles published by 18 mass media outlets in the second quarter, which revealed a “deeply polarized narrative landscape” in media coverage of digital assets, according to the firm’s report released on Tuesday. The report didn’t draw direct comparisons to previous quarters, but said the overall sentiment toward Bitcoin (BTC) saw a “dramatic divergence between outlets,”…