Notorious Pink Drainer retires after hitting $85M theft milestone
Pink Drainer, infamous for aiding in crypto thefts, decided to shut down operations after amassing over $85 million in stolen assets.
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USDC issuer Centre lands Wall Street veteran David Puth as CEO
The company behind USDC has added a new face that could help further institutional adoption. Centre Consortium, the company behind USD Coin, has hired former State Street and JPMorgan executive David Puth as its new chief executive officer, or CEO. Centre made the announcement early Tuesday in a Medium post that praised Puth for his leadership…

Island of Stability: Stable Coins Keep Attracting Big-League Investors
On July 17, IBM announced its involvement in a U.S. dollar-pegged stable coin project dubbed Stronghold. While the IT titan isn’t new to the world of crypto, stable coins have been attracting more mainstream players lately, and big league investments — from the likes of Andreessen Horowitz and Peter Thiel — have started pouring in.…

Japan Should Urge US to Hurry Up With Digital Dollar Says Fisco Exec
Japan may need to rely on the United States to have some influence over the development of digital currencies. 1868 Total views 31 Total shares Japan is behind the curve on the establishment of a central bank digital currency and should throw its weight behind the United States establishing a digital dollar, says Takaya Nakamura,…

Yam Finance readies for less-disastrous relaunch
Yam is gearing up for its V3 release later this week after undergoing a security audit from PeckShield. Decentralized finance (DeFi) protocol Yam Finance is relaunching on September 18.Yam Finance V2, a fork of Compound (COMP) featuring a native token with an elastic supply, burst onto the DeFi scene last month — garnering more than…

Blockchain Platform Believes It Is the ‘Golden Ticket’ for Saving the Live Events Industry
A new blockchain-based platform says it has bold plans to transform the events industry — eliminating middlemen to reduce costs for organizers, promoters, entertainers, suppliers and consumers alike.Evedo argues that the sector’s scalability has been dramatically affected by a “lack of innovation” in the way events are organized. A multitude of platforms are often used…

Szabo or NSA? New report revisits Bitcoin creator mystery
As HBO’s documentary sparks fresh debate, a new report from 10x Research revisits theories about Bitcoin’s enigmatic creator, Satoshi Nakamoto, involving Nick Szabo and the NSA.

Finblox withdrawal restrictions trigger concerns from the community
Twitter user Gofortim2 called out to lending platforms to become more transparent and honest on where assets are deployed. 450 Total views 6 Total shares Finblox, a crypto-staking platform backed by Three Arrows Capital (3AC) has paused reward distributions and tightened its withdrawal limits. Following this, community members expressed concerns over their assets, with some…

Report Finds Over $3 Million of Altcoin Bitcoin Private Covertly Premined
During the import of Bitcoin (BTC) chain data, an additional 2.04 million units of altcoin Bitcoin Private (BTCP) have reportedly been secretly coined, crypto assets analytics website Coin Metrics reports Dec. 23.The allegedly secretly coined cryptocurrency — a fork merging Bitcoin and ZClassic — is worth $3.672 million at press time.The project’s white paper states…