This week, hackers staged the second-largest crypto hack of 2024, stealing over $230 million, while other malicious actors are targeting Hamster Kombat players.
Liminal blames compromised WazirX devices for hack, claims UI not responsible
Compromised WazirX devices provided “legit transaction details” to Liminal’s network, allowing the attacker to drain the exchange’s funds, the MPC provider claimed.
Bitforex reopens for withdrawals after police investigation
After roughly five months of silence, the crypto exchange Bitforex claimed that the police in Jiangsu Province had detained its team members in February.
Will UK Labour gov’t follow Germany’s example and liquidate 61,245 BTC?
After 14 years, Labour is in control of the UK government. Chancellor of the Exchequer Rachel Reeves may have discretion to use the country’s Bitcoin holdings for the party’s goals.
EU releases crypto-asset classification tools to help firms comply with MiCA
EU regulators introduce standardized crypto-asset classification under MiCA with a new test and guidelines to ensure uniformity across the market as regulations begin to come into play.
EU markets will pave the way for first Ether staking ETF: dYdX CEO
While the US markets are not yet prepared for an Ether staking ETF, the European markets might lead the way by introducing the first staked exchange-traded fund.
Despite recent improvements, the crypto market remains down 14% from its peak, with new capital inflows slowing and a “Player vs. Player” market emerging.
Web3 experts cite innovation and PR as key challenges for NFT adoption
Web3 professionals discuss the barriers to broader NFT adoption, including the need for new narratives, improving reputation and simplifying user experiences.
Microsoft Windows data blackout downs major financial firms, airlines
Global Microsoft Windows failure possibly linked to a CrowdStrike software update has disrupted critical services worldwide, hitting banks with widespread online banking outages and grounding flights.
KPMG to help US crypto firms uphold reporting standards
KPMG formed a strategic alliance with Cryptio to help crypto firms in the United States adhere to GAAP compliance, enhancing accounting and reporting practices.
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