Crypto hacks wipe out $2.3B in 2024, marking 40% YoY surge
According to Cyvers, the 40% yearly increase was driven mostly by growing access control vulnerabilities at centralized exchanges and cryptocurrency custodians.
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Gemini Exchange Added to CME Group’s Pioneering Crypto Benchmarks
The Winklevoss twins’ Gemini platform is being added as a constituent exchange for the Chicago Mercantile Exchange (CME Group)’s cryptocurrency reference rates.As revealed in an official tweet from CME Group on Aug. 8, Gemini will be included in four major crypto pricing indices as of Aug. 30.CME Group Bitcoin, Ether IndicesAs reported, CME Group launched…

Northern Trust Hands Off Blockchain Solution to Fintech Firm
Northern Trust has handed over its blockchain platform to fintech firm Broadridge Financial Solutions, according to a press release on June 26.The Chicago-based asset management firm Northern Trust has handed over its blockchain-based private equity (PE) management solution to Broadridge for further improvement.The platform purports to streamline and automate certain tasks, such as middle office…

Top engineers working on Facebook’s wallet jump ship to A16z’s crypto fund
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FBI: Crypto Is A ‘Significant Problem That Will Get Bigger And Bigger’
Director for the Federal Bureau of Investigation (FBI) Christopher Wray testified before the Senate Homeland Security Committee at a hearing on security threats facing the United States.On Nov. 5, during the hearing before the U.S. Senate Committee On Homeland Security And Governmental Affairs, senators asked leaders from the FBI, Department of Homeland Security and the…

Why Blockchain Startups Fail
It’s no secret that starting and successfully launching a blockchain project is hard. When it comes to an ever-evolving and complex technology, getting a project off the ground takes more than just a great idea — it requires a dedicated team with the vision, expertise and resources to succeed.In 2017, Deloitte found that about 90%…

Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand. 297 Total views 21 Total shares There are technical limits to even the most technologically ambitious of central banks.So says Sky Guo, CEO of Cypherium —…

Bitcoin falls under $60K as BTC‘s futures premium drops to a 5-month low
Bitcoin price revisits recent lows as the BTC futures premium falls to a 5-month low. Is the bull market over?

Tribal Credit taps Bitso and Stellar to enable cross-border B2B payments
The partnership between Tribal Credit, Bitso and Stellar Development Foundation will rely on crypto to streamline B2B transactions in Latin America. 404 Total views 12 Total shares Enterprise payment platform Tribal Credit has partnered with Latin American crypto exchange Bitso and the Stellar Development Foundation to create a new cross-border payment service for businesses, opening…