Binance co-founder beseeches Elon Musk to address cryptocurrency scams on X
According to Yi He, “a significant amount of money” was lost when X.com users were tricked by an impersonation scam. Go to Source
Cryptocurrencies
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Crypto hack losses hit $19B, Terraform Labs shuts down: Finance Redefined
Nearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen in the largest single crypto theft. Go to Source
MicroStrategy upsizes latest stock sale to $700M to buy more Bitcoin
MicroStrategy upsizes its convertible senior notes offering to $700 million, earmarking proceeds for Bitcoin purchases and corporate purposes. Go to Source
Storm Partners launches Web3 innovation sandbox in Geneva
The new blockchain sandbox aims to bolster Geneva’s status as an emerging crypto hub. Go to Source
Taiwan establishes association to help crypto firms self regulate
The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison. Go to Source
Bitcoin is the only decentralized currency, Tether CEO says
The CEO of the company behind the world’s largest stablecoin, Tether (USDT), believes that Bitcoin is the only unstoppable cryptocurrency. Go to Source
Bitcoin whale accumulation reaches pre-2020 bull run levels — Is BTC set to break $70K?
Bitcoin’s short-term holder realized price rose to $63,729, suggesting a definitive breakout above the $70,000-level next. Go to Source
Iggy Azalea’s MOTHER memecoin surges 30% on mobile company announcement
The memecoin will allow holders to purchase smartphones and mobile phone subscriptions in the newly re-launched company. Go to Source
Binance CEO: Crypto industry has shifted from ‘early adopters’ to ‘early majority’
CEO Richard Teng’s commentary came in response to Binance reaching the 200 million user threshold. Go to Source
New York Stock Exchange-backed Bakkt considers sale — Report
Insiders, who spoke to Bloomberg, say a breakup of the company, a sale, or the decision to maintain its current structure are all on the table. Go to Source