Crypto Industry Loses More Than $313M Due to Attacks in Q2 2023
The total losses of cryptocurrency projects due to hacks and fraud in April-June of 2023 amounted to $313.5 million, 58% lower than the same period in the previous year as stated by.
BlackRock CEO: Bitcoin is an International Asset
Larry Fink, the head of the powerful financial company BlackRock, stated that buying Bitcoin is an effective method of guarding against inflation, instead of investing in precious metals.
Hong Kong Plans to Issue a Stablecoin to Compete with USDT and USDC
Hong Kong has penned a new policy proposal, emphasizing the benefits of a Hong Kong Dollar-backed stablecoin (HKDG), to be issued by the government.
Australian Regulator Searches Binance’s Premises in Australia
The Australian Securities and Investments Commission (ASIC) searched the Binance office in Australia on Wednesday as part of an ongoing investigation into the cryptocurrency exchange.
Crypto Exchange Bitget Launches Crypto Loans Product
Bitget is taking steps to enter the cryptocurrency loan market with their Crypto Loans product.
Nasdaq Updates BlackRock’s Bitcoin ETF Listing Application
Nasdaq and Coinbase have reached a preliminary agreement to list Coinbase as a joint market watch partner on the updated Form 19b-4 for BlackRock’s Spot Bitcoin ETF.
The EU Will Force Banks to Disclose Data on Reserves in Crypto
The European Commission has implemented a new clause in the MiCA, the EU crypto regulation legislation, that requires banking institutions operating within the Union’s 27 countries to disclose information regarding the availability of reserves in digital currencies.
Archway Blockchain Devs Launch Mainnet on Cosmos Platform
Phi Labs, headed by CEO Griffin Anderson, recently launched Archway, a first-level blockchain mainnet situated within the Cosmos interoperable ecosystem.
Polkadot Joins Cosmos’ Environment
The Inter-Blockchain Communication (IBC) protocol has enabled the Polkadot ecosystem to integrate with the Cosmos blockchain space.
Binance Coin’s Market Cap Fell by Almost 25% Last Month
At the end of May, the capitalization of Binance Coin had reached an all-time high of $48 billion, but by June 30, that figure had fallen to $37 billion – a 25% decrease.
Bittrex Files Motion to Dismiss Litigation with SEC
Bittrex has filed a motion to dismiss its lawsuit with the US Securities and Exchange Commission (SEC).
Bank of Italy Calls for Increasing Control Over Stablecoins
The Bank of Italy has advocated for the development of a regulatory framework for digital currencies pegged to fiat money.
Anthony Scaramucci: SBF Has Damaged the US Crypto Industry
Anthony Scaramucci has declared that FTX founder Sam Bankman-Fried (SBF) has inadvertently caused excessive regulation in the US cryptocurrency industry.
PancakeSwap is Launched on Polygon zkEVM Network
PancakeSwap has integrated its third version of the protocol on the beta version of Polygon zkEVM’s network for improved performance.
