Tag: Report

Meta exploring stablecoin integration for payouts: Report

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Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter. The Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report. One source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether’s USDt (USDT), Circle’s USD Coin (USDC) and others. Meta is the latest tech firm to integrate or explore the use…

Trump tricked into pushing XRP for crypto reserve: Report

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US President Donald Trump was reportedly manipulated by a lobbyist tied to Ripple Labs into announcing the XRP token would be part of his plans for a national cryptocurrency reserve. According to a May 8 Politico report, an employee of pro-Trump lobbyist Brian Ballard gave the president the text to a social media post she recommended he write announcing a US strategic crypto reserve that would include XRP, Solana (SOL), and Cardano (ADA). After he posted the message to his social media platform on March 2, Trump learned Ripple was one…

Report Exposes 98.6% of Solana Meme Coins on Pump.fun as Fraudulent 

A new report by blockchain analytics firm Solidus Labs reveals that 98.6% of tokens launched on Solana’s Pump.fun and 93% of liquidity pools on Raydium exhibited signs of fraudulent activity, including pump-and-dump schemes and rug pulls. Solana’s Low Fees Fuel Explosion of Meme Coin Fraud, Research Shows The findings, detailed in Solidus Labs’ “2025 Rug […] Source CryptoX Portal

G7 summit could discuss North Korea’s crypto hacks: Report

Group of Seven (G7) leaders could discuss North Korea’s escalating cyberattacks and crypto thefts at an upcoming summit in Canada, mid-next month. Conflicts in Ukraine and Gaza will dominate discussions, but North Korea’s increasing cyber threats and crypto hacks have become a major concern requiring a coordinated international response, Bloomberg reported on May 7, citing people familiar with the plans. The people said North Korea’s nefarious cyber operations are alarming, as the stolen crypto has become a key funding source for the regime and its programs.  North Korean-affiliated hacking groups…

Robinhood plans blockchain for US asset trading in Europe — Report

Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities. According to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company’s local presence by offering trading of tokenized securities, such as stocks. Two crypto firms, Arbitrum and the Solana Foundation, are reportedly vying to become partners in the project. Tokenization is the process of turning real-world assets, like stocks, real estate, or commodities, into digital tokens that can be traded on…

Bybit Exchange Liquidity Returns To Pre-Hack Level: Report

Key Notes Bybit’s Bitcoin liquidity has rebounded to pre-hack levels within a month. Lazarus Group was identified as the attacker behind the $1.5 billion ETH exploit. Institutional orders and new custody partnerships helped restore market depth. Bitcoin liquidity on the crypto exchange Bybit has bounced back to levels last seen before the February security breach that shook the platform. A new report from market research firm Kaiko revealed that the exchange, especially for its Bitcoin trading, has regained a firm footing just weeks after the hack. Liquidity Rebounds After $1.5…

FT report suggests advance knowledge of Melania Trump memecoin launch

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A group of crypto traders reportedly purchased millions of dollars worth of Melania Trump’s memecoins minutes before she announced the launch on social media. According to a May 6 Financial Times report, the crypto traders earned roughly $100 million from buying $2.6 million worth of MELANIA tokens before the public launch on Jan. 19. Shortly after Trump announced the memecoin launch on social media, the price surged from roughly $2.00 to $12.95 — a 550% increase. The traders reportedly sold their holdings within 12 hours. “In total, the 24 accounts…

Bitcoin dominance hits 4-year high as altcoins lose steam: Binance Report

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Crypto markets saw 9.9% gains in April, led by Bitcoin, as tariff pauses boosted sentiment. Bitcoin (BTC) strengthened its dominance even as crypto markets are recovering. On Tuesday, May 6, Binance Research released a report on the state of the crypto markets in April. The report points out that the markets have recovered, gaining 9.9% over the month, largely thanks to pauses on tariffs. Despite the broader recovery, Bitcoin’s dominance has continued its steady rise, a trend ongoing since 2022. Currently, Bitcoin accounts for 63% of the total crypto market…

Kraken Catches North Korean Hacker Posing As ‘Steven Smith’ Applying for Job at Crypto Exchange: Report

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One of the world’s top crypto exchange platforms has reportedly caught a North Korean hacker with a fake identity to apply for a job at the firm. In a report by CBS News, Nick Percoco – the chief security officer at Kraken – says that an individual from North Korea posing as “Steven Smith” attempted to get an IT job at the crypto exchange as a means of stealing money and information. The person, who is on a “Do Not Hire” list, is suspected of working for North Korea’s Kim…