Largest Bank in Guatemala Turns to Crypto for Remittances

Banco Industrial, the largest bank in Guatemala, has announced the integration of Sukupay, a crypto-based cross-border payment provider, to power its remittance services. Using Sukupay, Banco Industrial now offers its customers remittances at a flat fee of $0.99, allowing them to receive these funds in their bank accounts. Michel Caputi, Head of the Strategic Alliances … Read more

US Seizes $868K in Crypto From Dating Scam That Drained Wallets

Federal agents just seized $868K in crypto after busting a slick romance-fueled scam that funneled victims into fake digital asset platforms promising sky-high returns. Crypto Sting Unveiled: DOJ Seizes $868K After Web of Romance Turns Dark The U.S. Department of Justice (DOJ) announced on May 23 that federal authorities have confiscated over $868K in cryptocurrency … Read more

Biometric Data Security Under Scrutiny After Coinbase Suit; Expert Urges Modular Privacy

A class-action lawsuit against Coinbase has raised concerns about biometric data collection and storage practices by technology companies. Nanak Nihal Khalsa argues argues that relying on immutable biometric identifiers poses permanent risks, as they cannot be reset once compromised. Patchwork of State-Level Privacy Regulations A class-action suit recently filed against the cryptocurrency exchange Coinbase has … Read more

Judge overturns fraud convictions in Mango Markets exploit case

A US federal judge has vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader at the center of the case involving a $110 million exploit of the decentralized exchange Mango Markets. On Friday, US District Judge Arun Subramanian ruled that the evidence presented at trial failed to support the jury’s conclusion that Eisenberg … Read more

Whale Faces $18.8M Loss as $HYPE Defies Bearish Bet

In one of the most epic trading episodes of the month, a trader with deep pockets and a wide following across DeFi analytics platforms now appears to be nearly $19 million underwater after having placed a huge leveraged short on $HYPE. Despite this trader’s having made multiple margin top-ups to avoid liquidation, the token’s unceasing … Read more