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A recent study by Chainplay and Storible reveals that 83% of crypto investors have been scammed or hacked at least once, with average losses reaching $2,622 per victim. Exchange hacks have cost users over $27 billion, highlighting the persistent security risks in the crypto market. Crypto Fraud on the Rise: Investors Lose Billions to Hacks … Read more
The Hbar Foundation has partnered with Zoop, a startup founded by Onlyfans creator Tim Stokely, to bid on Tiktok’s U.S. operations. Zoop, Hbar Foundation Aim for New Creator Paradigm The Hbar Foundation, a cryptocurrency foundation managing the Hedera cryptocurrency network’s treasury, has teamed with Zoop, a startup launched by Onlyfans founder Tim Stokely, to bid … Read more
Grayscale has introduced two new bitcoin-focused exchange-traded funds (ETFs), the Bitcoin Covered Call ETF (BTCC) and the Bitcoin Premium Income ETF (BPI). These actively managed funds use covered call strategies to generate income while offering exposure to bitcoin’s price movements. New Grayscale ETFs Leverage Bitcoin Volatility for Income Generation Grayscale has launched two new exchange-traded … Read more
Bitcoin exchange-traded funds (ETFs) extended their outflow streak with a $158 million exit, marking three straight days of declines, while ether ETFs lost $3.6 million after two brief days of inflows. Bitcoin ETFs Extend Losing Streak With $158M Outflow As Ether ETFs Also Retreat The bleeding continued for bitcoin ETFs on the first day of … Read more
First Digital’s stablecoin, FDUSD, slipped almost 10% today, falling below its intended peg after news broke of a lawsuit targeting the company’s CEO. Adding fuel to the fire, Tron founder Justin Sun took to X on Wednesday, declaring First Digital “insolvent.” Stablecoin FDUSD Slips as Legal Action, $456M Allegations Hit First Digital Earlier that same … Read more
Ripple has integrated its USD-backed stablecoin, RLUSD, into its Ripple Payments platform to streamline cross-border transactions for enterprise clients, with the asset nearing $250 million in market capitalization since its December 2024 launch. Ripple Adds Enterprise Stablecoin RLUSD to Cross-Border Payment System Ripple Payments, a platform that claims to process billions in transaction volume, now … Read more
Jetking Infotrain Limited, a Mumbai-based IT education firm, announced plans Wednesday to raise ₹6.6 crore ($793,000) through a preferential share issue to expand its bitcoin reserves and fund cryptocurrency-related initiatives, Chief Financial Officer Siddarth Bharwani confirmed. Jetking Doubles Down on Bitcoin With Preferential Share Issue for Crypto Acquisition The board-approved “Strategic Fund Raise” aims to … Read more
Africa is facing a surge in cyberattacks where hackers hijack social media accounts of prominent figures and institutions to promote fake cryptocurrencies. Some experts recommend educational campaigns to teach users how to verify token promotions. Compromised Accounts Used in Crypto Fraud Promotions Africa faces a growing threat from hackers who are hijacking the social media … Read more
The Bitcoin Policy Institute predicts that bitcoin bonds, treasury instruments that invest part of their income in bitcoin purchases, would help the U.S. save over $354 billion in the next ten years without considering the possible upside of BTC’s price. Bitcoin Policy Institute Presents Bitcoin Bonds Proposal to Pay the U.S. National Debt As the … Read more
Artificial intelligence (AI)-linked cryptocurrencies climbed sharply on Tuesday after OpenAI secured a $40 billion capital injection from Japan’s Softbank, Microsoft, and other investors. With this latest round, OpenAI’s valuation now stands at $300 billion. OpenAI’s $40B Funding Round Lifts AI Cryptos and AI Agent Assets Across the Board AI has returned to the forefront of … Read more