Crypto fund inflows hit $2B in May led by BTC — CoinShares
Weekly inflows into crypto funds totaled $185 million for the last week in May, with monthly investment fund inflows reaching $2 billion.
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Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin
A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin.Case first brought by the CFTC in April 2018On Nov. 1, the United States Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Eastern District of New York has entered an…

SMBC, Ava Labs, Fireblocks sign MoU for stablecoin framework in Japan
According to RWA.XYZ, the total stablecoin market cap is currently over $227 billion, with over 155 million holders worldwide. Sumitomo Mitsui Financial Group (SMBC), a Japanese banking and financial services conglomerate, along with business systems firm TIS Inc, Ava Labs — the developer of the Avalanche network — and digital asset infrastructure company Fireblocks, have

Protego’s conditional national bank status expired without approval: Report
In a week when the crypto industry – and the rest of the world – was beset by bad news about banking, one more banking setback has come to light. 165 Total views 2 Total shares Own this piece of history Collect this article as an NFTInstitutional cryptocurrency custodian Protego’s conditional national trust banking charter…

Developer Successfully Hacks Bitcoin Wallet to Win a Contest
A Bitcoin developer managed to crack a BTC wallet as part of a contest launched through Twitter. 454 Total views 7 Total shares Bitcoin and Lightning Network project developer, John Cantrell, explained how he was able to successfully hack a BTC address by checking around a trillion seed combinations over the course of 30 hours.…

Digital Currency Group spins out new crypto mining subsidiary
Despite spinning off Fortitude Mining, Foundry retains the largest Bitcoin mining pool with over 30% of the network’s hashrate.

Metaverse trading volume plummeted 80% but hype hasn’t decreased
A DappRadar report found that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55%. 345 Total views 5 Total shares Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics…

Country-specific crypto markets a bad idea, CZ says after gov’t talks
Binance CEO Changpeng “CZ” Zhao has stressed the importance of market liquidity after various countries ask for segregated order books. 357 Total views 7 Total shares Binance CEO Changpeng “CZ” Zhao has highlighted the shortcomings of segregated cryptocurrency markets after recent talks with governments from different countries.The global cryptocurrency exchange’s CEO has become increasingly involved…

US Air Force taps SIMBA Chain to develop budgeting and accounting system
They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens and monitor fund movement across billing centers, purchasing centers and suppliers. 264 Total views 3 Total shares For many years, the United States Military has been experimenting with blockchain in a number of settings to enhance…