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Kraken Waves Goodbye to Staking in the US, Reaches $30 Million SEC Agreement

Kraken Waves Goodbye to Staking in the US, Reaches $30 Million SEC Agreement

Kraken, a popular cryptocurrency exchange, has recently announced the closure of its Staking-as-a-Service (SaaS) in the United States due to a settlement with the Securities and Exchange Commission (SEC). The settlement, amounting to $30 million, puts an end to the legal dispute between Kraken and the SEC over the offering of unregistered securities. Kraken’s Withdrawal from Staking-as-a-Service Kraken has decided …

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Bitcoin ATM Operator Files for Bankruptcy with Debts of $100M-$500M

Bitcoin ATM Operator Files for Bankruptcy with Debts of $100M-$500M

Coin Cloud, a leading Bitcoin ATM operator, has filed for bankruptcy with liabilities estimated between $100 million and $500 million. This sudden turn of events has come as a shock to the cryptocurrency community and raises questions about the stability of the industry. Founding and growth as a leading Bitcoin ATM operator Coin Cloud was founded in 2014 and has …

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SHIB Upgrade Brings Value to $0.00001250 and SEC Approval Nears

SHIB Upgrade Brings Value to $0.00001250 and SEC Approval Nears

SHIB, the meme-inspired cryptocurrency, is making waves in the crypto world with its recent upgrade and silence from the SEC. The Shibarium upgrade, which was implemented in the early hours of Monday morning, has sent SHIB’s value soaring, with some predicting it could reach as high as $0.00001250 in the near future. The Shibarium upgrade brought several new features to …

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Argo Boosts Bitcoin Mining Efficiency by 14% in January

Argo Blockchain, listed on various stock exchanges such as London Stock Exchange, OTCQX, NASDAQ and ETR, reported that it mined 168 Bitcoin or its equivalents in January, representing a 14% rise from the previous month. The information was shared in the latest update from the London-based cryptocurrency mining firm. The rise in mined Bitcoin was mainly due to fewer reduced …

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Alameda Research Shakes Up Financial World with Mysterious Fund Transfer

Alameda Research Shakes Up Financial World with Mysterious Fund Transfer

Sam Bankman-Fried’s Alameda Research, a quantitative trading firm, has once again made headlines for its mysterious movement of millions of funds. A cryptocurrency intelligence platform called Arkham has revealed that Alameda Research, the now defunct hedge fund established by controversial Crypto Entrepreneur Sam Bankman-Fried, transferred approximately $2 million in FTT, as indicated by on-chain data. Screenshot of on-chain transactions provided …

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Hackers Steal $4 Million from Webaverse Crypto Project in Cyber Attack

Hackers Steal $4 Million from Webaverse Crypto Project in Cyber Attack

Ahad Shams, co-founder of the Web3 metaverse game engine company “Webaverse”, reported a loss of $4 million in cryptocurrencies. The unusual aspect of this loss was that it occurred during a meeting with individuals pretending to be investors at a hotel in Rome. The funds were stolen from a recently established Trust Wallet, which was designed to secure the digital …

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Juno Crypto Bank Back in Business: Resumes Services After Temporary Halt

Juno Crypto Bank Back in Business: Resumes Services After Temporary Halt

Crypto bank Juno has announced the resumption of its core crypto services after a temporary pause early last month. The resumption of services comes three weeks after Juno began working with its new crypto custodian, Zero Hash. The bank was forced to halt its services in early January due to its previous crypto custodian, Wyre, struggling during a market downturn. …

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North Korea Accused by FBI of $100 Million Crypto Heist with Government Backing

North Korea Accused by FBI of $100 Million Crypto Heist with Government Backing

The FBI has accused a group of hackers believed to have connections to the North Korean government of committing a $100 million cryptocurrency heist last year. The funds were taken from Harmony’s Horizon bridge, a platform that enables users to transfer digital currency between different blockchain networks. The North Korean Lazarus Group (APT28) According to the FBI, the North Korean …

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