The new bill will also compel cryptocurrency exchanges to hand over information that could assist police in criminal investigations. Read the full article here:
Crypto News
Crypto Market Forecast: Midweek Update 4th August
Crypto markets remain steady despite two high-profile hacks. Select altcoins continue to make major gains. Read the full article here:
Binance’s VC Arm Announces New Boss and New Vision
Binance has tapped co-founder Yi He to head up its Binance Labs venture capital division – and says its focus is on supporting infrastructure projects and identifying founders with grit. Read the full article here:
Robinhood Crypto to Pay $30 Million Penalty for AML and Consumer Protection Violations
<p>Robinhood’s crypto division has been fined by the New York State Department of Financial Services (<a href="https://www.financemagnates.com/tag/nydfs/" target="_blank">NYDFS</a>). The authority confirmed on Tuesday that it has imposed a penalty worth <a href="https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202208021" target="_blank">$30 million</a> on Robinhood Crypto for ‘significant’ violations related to anti-money laundering, cybersecurity and consumer protection.</p><p>The details shared by the authority show that… Continue reading Robinhood Crypto to Pay $30 Million Penalty for AML and Consumer Protection Violations
Over $6 Million Drained from Solana ‘Hot’ Wallets. Was ‘Luca Stealer’ Malware Involved?
Solana wallets have been compromised. SOL holders in self-custody wallets, such as Phantom, Slope, Solflare and TrustWallet were urgently advised to revoke all permissions to the wallet and consider transferring the tokens to centralized exchanges (CEX) or cold wallets (where USB is required) such as Ledger including NFTs. At the time of writing, hardware wallets… Continue reading Over $6 Million Drained from Solana ‘Hot’ Wallets. Was ‘Luca Stealer’ Malware Involved?
Truflation – the on-chain inflation index
Stefan Rust is the founder of Laguna Labs, a cutting-edge blockchain development house. It has developed Truflation, an independent, on-chain inflation index that aims to provide cryptographically true information on price inflation using the most recent and accurate real-market data. Read the full article here:
‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss
The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter. Read the full article here:
Crypto Investment Products Attract Record Inflows in July
With the latest weekly inflows of $81 million, crypto investment products saw monthly inflows of approximately $474 million in July, which is the highest level in 2022. Last month, Bitcoin investment products attracted $306 million worth of inflows. With that, BTC assets under management spiked above $20.4 billion during the mentioned period. Ethereum, the world’s… Continue reading Crypto Investment Products Attract Record Inflows in July
Nomad token bridge drained of $190M in funds in security exploit
Hundreds of potential exploiters appear to have drained all of the bridge’s $190 million in TVL in just a matter of hours. Read the full article here:
BinaryX Releases RhinoX Whitepaper Detailing New Key Features of its Ecosystem
BinaryX, a leading P2E game development company, has released the official whitepaper for Rh!noX, a collection of 10,000 NFTs enabling holders to use their assets as avatars on various GameFi and DeFi applications on the BNB Chain. Read the full article here: