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Taiwanese Crypto Trading Firm Suspends Operations Following $26 Million Hack

Taipei-based trading platform, Kronos Research has suffered a cybersecurity breach, leading to a staggering $26 million loss in crypto assets. The hack was first reported by crypto on-chain sleuth ZachXBT, mapping out the fund outflow and confirming its magnitude. Following the...

, by Sujha Sundararajan

New Zealand’s Kiwi Dollar-Pegged Stablecoin NZDD Embarks With New Self-Custody Wallet

New Zealand-based crypto exchange Easy Crypto and Australian blockchain firm Labrys launched a new NZ dollar-pegged stablecoin on Wednesday. Dubbed NZDD, the stablecoin will be regulated by the New Zealand Financial Markets Authority, a company statement read. The stablecoin will be...

, by Sujha Sundararajan

Today in Crypto: Investor Interest in Crypto Startups is Low in 2023, Credefi Finance Integrates with XRP Ledger

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Investment news Crypto startups have raised $2.1 billion year-to-date, or nearly 80% less than last year, according to data presented by...

, by Sead Fadilpašić

Australian Regulator Says Cryptos ‘Created Out of Nothing,’ Issues Fresh Warning, Report

The Australian Securities and Investments Commission (ASIC) is reportedly ramping up its surveillance towards the crypto market introducing fresh warnings. The regulator on Friday issued warning on cryptocurrency investments criticizing the digital tokens as “created out of nothing.” ASIC...

, by Sujha Sundararajan

Kraken Exchange CEO Jesse Powell Slams SEC for ‘Assault on America’

Jesse Powell, co-founder of crypto exchange Kraken, has called the US regulators masochists attacking America and extortionists chasing crypto companies out of the country. Powell came after the country's regulators, specifically the Securities and Exchange Commission (SEC). On Tuesday,...

, by Sead Fadilpašić

TokenFi Brings No-Code Token Creation on Ethereum Goerli Chain

Crypto and asset tokenization platform TokenFi announced a new Token Launcher that simplifies token creation on the Ethereum Goerli chain. The innovative token creation service will allow users to generate tokens “without touching a line of code.” This means that users can customize token...

, by Sujha Sundararajan

Web3 Game Adoption Hinges on Free-to-Play Approach, Says YGG Co-Founder

To increase adoption, in 2024, most successful Web3 games will move away from the play-to-earn (P2E) model to free-to-play, according to Gabby Dizon, the co-founder of Yield Guild Games. Dizon told Cointelegraph that a new wave of Web3 games will be taking over soon. Now we see games like Axie...

, by Sead Fadilpašić

Hollywood Meets Crypto: Director Uses Netflix Funds for Risky Dogecoin Bet

Carl Erik Rinsch, the director of "47 Ronin," allegedly used nearly $60 million - that Netflix had given him for a sci-fi series - to invest in the crypto and stock markets. According to The New York Times, Netflix gave the director more than $55 million, along with a near-total budgetary...

, by Sead Fadilpašić

Fund Manager WisdomTree Reportedly Refiles Spot Bitcoin ETF to SEC

Asset manager WisdomTree is attempting to resubmit a spot Bitcoin (BTC) exchange-traded fund (ETF) despite previous rejections. The company filed an amendment with the US Securities and Exchange Commission (SEC), according to Bloomberg ETF analyst James Seyffart. “This just means WisdomTree...

, by Sujha Sundararajan

Fallen FTX Founder Sam Bankman-Fried Adopts Mackerel as New Currency, Gives Guards Crypto Tips

Sam Bankman-Fried, the disgraced founder of the failed cryptocurrency exchange FTX, has adapted to life behind bars by adopting mackerel as his new currency of choice while awaiting sentencing on fraud charges, according to The Wall Street Journal. Bankman-Fried was convicted earlier this...

, by Trent Alan

DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules

The Australian Taxation Office (ATO) released new guidance on November 9, stating that capital gains tax (CGT) applies to certain decentralized finance (DeFi) transactions. The tax agency has failed to clarify key aspects of these rules, however, leaving Australian crypto investors confused...

, by Trent Alan

Bitcoin’s Path to a Supercycle: Will 2024 Mark the End of Dramatic Downturns?

The idea of a Bitcoin supercycle, first introduced by Bitcoin educator Dan Held in 2020, is once again gaining traction in the community as Bitcoin is entering what some believe could be another long-term bullish phase. The key driver behind this potential supercycle is a combination of...

, by Fredrik Vold

Blockchain Association Sues OFAC Over Sanctions on Tornado Cash

Blockchain Association, the crypto advocacy group, has filed an amicus brief with the US Office of Foreign Assets Control (OFAC). The Association has criticized the agency’s decision to sanction crypto mixer Tornado Cash, pointing out the regulatory repercussions. Per the brief filed on...

, by Sujha Sundararajan

Ubisoft’s Nostalgic Leap into NFTs: Rayman and Beyond Good & Evil Characters Enter The Sandbox

Assassin’s Creed maker, the gaming giant Ubisoft, is launching a new set of non-fungible token (NFT) avatars for the popular metaverse game The Sandbox for 120 SAND each, enabling players to earn SAND along the way. Ethereum scaling network Polygon will launch a collection of 1,866...

, by Sead Fadilpašić

These New RTFKT Virtual Sneakers by Nike Do Not Require Owning an NFT: What’s Going On?

Fashion behemoth Nike has pre-launched new RTFKT Dunk Genesis sneakers that do not require an expensive NFT to buy. The public presale of the new real-world kicks went live on Monday, letting anyone buy the sneakers without owning an RTFKT non-fungible token (NFT). The website noted...

, by Sujha Sundararajan

Today in Crypto: Matr1x Gaming Platform Raises $10 Million, Bybit’s Portfolio Margin Mode Gets Spot Trading Capabilities, MapMetrics Expands to Peaq Blockchain

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Investment news Matr1x, the platform facilitating the mobile shooting game Matr1x Fire within the Web3 domain, secured an additional $10...

, by Sead Fadilpašić

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