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Bitcoin Reserves on Exchanges at Six-Year Low, Driven Partially by Binance Outflows
September 21, 2023
The amount of Bitcoin being held on cryptocurrency exchanges has reached a year-to-date low, hitting around 11.8% of the total available supply, a figure comparable to reserve levels last seen …
Read morePayPal Offers Stablecoin PYUSD on Venmo, 12 Platforms Now Support the Asset
September 21, 2023
PayPal has extended its PYUSD stablecoin to the Venmo app according to its announcement on Sept. 20. The inclusion of PYUSD on Venmo is currently available to select users, with …
Read moreDeFi Protocol Balancer Loses Nearly $250k in DNS Based Frontend Attack
September 21, 2023
Around $240,000 worth of digital assets have been swindled in a front end compromise, caused by a Domain Name Service (DNS) attack, on leading DeFi protocol Balancer. The development resulted …
Read more70% of South Korea's Reported Overseas Assets Are In Cryptocurrencies
September 20, 2023
Cryptocurrencies, specifically Bitcoin (BTC), have been found to represent the largest fraction of South Korea's reported overseas assets. According to the country’s National Tax Service (NTS), 1,432 individual entities and …
Read moreUK's Online Safety Bill Becomes Law Amid Encryption Concerns
September 20, 2023
The Online Safety Bill in U.K. has now passed its final parliamentary reading as of September 19, set to become law according to a recent official statement. This bill aims …
Read moreBinance's Chanpeng Zhao Corrects Media Reporting on $250M Loan
September 20, 2023
Binance CEO, Changpeng 'CZ' Zhao, addressed reports claiming that he obtained a $250 million loan from BAM Management, indicting these as incorrect. According to Zhao, it was in fact the …
Read moreFormer Banker Pleads Guilty to Multimillion-Dollar Crypto Fraud
September 20, 2023
A former investment banker, identified as Rashawn Russell, now faces potential imprisonment for up to 30 years due to his involvement in a fraudulent cryptocurrency scheme. This former employee of …
Read moreCoinEx Restarts Services Following High-Profile Security Breach
September 20, 2023
CoinEx, a major cryptocurrency exchange, has announced that it will resume deposit and withdrawal services for Bitcoin, Ethereum, Tether, USD Coin, and other cryptos starting September 21. The company has …
Read moreStanford University to Return Millions in Crypto Donations from Defunct Exchange FTX
September 20, 2023
Stanford University has announced plans to return all funds it received from the now-defunct cryptocurrency exchange FTX. Reports indicate that the prestigious California-based university obtained a total of $5.5 million …
Read moreGrayscale Advances in Crypto Regulation and ETFs
September 20, 2023
Leading digital asset management firm, Grayscale has reportedly submitted a new application for an Ethereum futures exchange-traded fund (ETF), making distinct strides from its previous attempts. This application under the …
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