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FTX Auditor Prager Metis Fined $2 Million by SEC for Negligence
September 18, 2024
Prager Metis CPAs has agreed to pay $1.95 million to settle two U.S. Securities and Exchange Commission (SEC) actions alleging misconduct in its audits of FTX and violations of auditor …
Read moreBinance Clarifies Ownership and Responsibility Amid WazirX Controversy
September 17, 2024
Binance has recently distanced itself from the ongoing issues surrounding the Indian crypto exchange WazirX. In a statement dated September 17, Binance addressed allegations made by WazirX co-founder Nischal Shetty, …
Read moreCircle's USDC to Become Native Stablecoin on Sony's Soneium Blockchain
September 17, 2024
Circle is set to extend the use of its USDC stablecoin to the Soneium blockchain, a new Ethereum Layer-2 network developed by Sony Block Solutions Labs. According to a recent …
Read moreDeltaPrime Suffers $6M Exploit Amid North Korea Link Allegations
September 16, 2024
DeFi protocol DeltaPrime has fallen victim to a significant exploit, resulting in a $6 million loss, according to blockchain security firm Cyvers. This latest breach was detected on September 16, …
Read moreCrypto Biweekly Roundup: Security Breaches, Partnerships, and Regulatory Moves
September 16, 2024
WazirX Heist Sparks Concerns Over Customer Fund Recovery - Hackers stole over $230 million from WazirX, causing concerns about fund recovery for users.Binance CEO Condemns Nigeria For Inhumane Treatment Of …
Read moreUnderstanding MEV: Miner Extractable Value
September 16, 2024
Miner Extractable Value (MEV) represents the profit miners can derive from controlling transaction ordering within blocks they mine in blockchain networks. Initially highlighted in Ethereum, MEV encompasses various activities like …
Read moreBitcoin Exchange Inflows Dominated By Short-Term Holders Amid Market Volatility
September 14, 2024
Recent data indicates a significant dominance of short-term holders in Bitcoin exchange inflows. According to CryptoQuant data, addresses holding BTC for less than three months constituted over 92% of the …
Read moreCollaborative Efforts To Combat Financial Crime In Crypto
September 14, 2024
The cryptocurrency world witnessed a significant development as Tron, Tether, and TRM Labs joined forces to establish the T3 Financial Crime Unit (T3 FCU). This initiative aims to combat financial …
Read moreMicroStrategy Acquires Major Bitcoin Stake, Boosting Holdings to Over $14 Billion
September 14, 2024
MicroStrategy, the business intelligence software firm led by Michael Saylor, has yet again made a significant addition to its Bitcoin holdings. The company recently announced the purchase of 18,300 BTC …
Read moreEthereum ZKsync Criticized and Polygon Invests $5M in Zero-Knowledge Hardware
September 13, 2024
Solana co-founder Anatoly Yakovenko recently criticized the Ethereum layer-2 network ZKsync, asserting that despite claims of community-led governance, the network still operates like a multisig system. Yakovenko pointed out that …
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