Platforms

Tether Boosts Bitcoin Holdings with $618 Million Purchase
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Tether Boosts Bitcoin Holdings with $618 Million Purchase

Tether, the entity behind the widely-used USDT stablecoin, has significantly increased its Bitcoin investment, purchasing 8,888 BTC valued at $618 million on March 31. This strategic acquisition escalates Tether’s Bitcoin reserves to more than 75,000 BTC, equivalent to around $5.2 billion, positioning Tether as the seventh largest Bitcoin holder globally. This move underscores Tether’s commitment...

Security Breach at Binance-Incubated NFPrompt Causes Token Value to Drop
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Security Breach at Binance-Incubated NFPrompt Causes Token Value to Drop

NFPrompt, an AI-driven platform for art and NFT trading, backed by Binance, has experienced a significant security breach, resulting in a notable downturn in its associated token’s value. The FBI is currently investigating the incident, which involved unauthorized access to the NFPrompt treasury, user accounts, and administrator wallets. Following the attack, the NFPrompt team took...

Nigeria Requests User Data from Binance Amid Ongoing Regulatory Dispute
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Nigeria Requests User Data from Binance Amid Ongoing Regulatory Dispute

In a move that escalates the ongoing conflict between the Nigerian government and cryptocurrency exchange Binance, officials have demanded detailed transaction records for the country’s top 100 users over the last six months. This request, which also seeks information on Binance’s compliance with tax obligations, signifies an intensification in the scrutiny faced by the global...

Deutsche Börse Introduces Institutional Crypto Trading Platform
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Deutsche Börse Introduces Institutional Crypto Trading Platform

Deutsche Börse has announced the establishment of the Deutsche Börse Digital Exchange (DBDX), aimed at providing a spot trading platform for crypto assets to institutional clients. This development introduces a regulated environment for the trading, settlement, and custody of crypto assets, leveraging Deutsche Börse’s network to facilitate access to digital asset markets. The platform is...

SEC’s Social Media Account Hacked in SIM Swap Incident
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SEC’s Social Media Account Hacked in SIM Swap Incident

Unauthorized Post Triggers Bitcoin Frenzy, Raises Cybersecurity Concerns A recent cybersecurity incident involving the US Securities and Exchange Commission (SEC) has raised significant concerns. The SEC’s social media account on X was compromised due to a SIM swap hack, leading to the spread of false information regarding the approval of new bitcoin investment products. This...

Terraform Labs Announces Bankruptcy Amidst Sector Challenges
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Terraform Labs Announces Bankruptcy Amidst Sector Challenges

In an unexpected turn of events, Terraform Labs, a notable player in the blockchain sector, has filed for bankruptcy. This development sends ripples through the crypto community, marking a significant shift in the landscape of blockchain enterprises. Terraform Labs, known for its innovative approaches in the blockchain domain, has faced numerous challenges leading to this...

SEC Approves First U.S.-Listed Bitcoin ETFs in Landmark Decision
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SEC Approves First U.S.-Listed Bitcoin ETFs in Landmark Decision

Major Boost for Bitcoin and Crypto Industry In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved the first U.S.-listed exchange-traded funds (ETFs) that will track bitcoin. This landmark decision will allow investors to gain exposure to bitcoin without directly holding the cryptocurrency, potentially attracting a broader investor...

Fox Corp. Debuts Verify Blockchain Platform for Content Tracking
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Fox Corp. Debuts Verify Blockchain Platform for Content Tracking

Fox Corp., a major U.S. media conglomerate, has introduced a new blockchain platform named Verify. This platform is designed to assist media companies in tracking the online usage of their content, marking a significant development in the intersection of media and technology. Integration and Tool Launch Beta Launch and Content Verification Fox Corp.’s Blockchain Endeavors...

India’s GIFT City to Launch Regulated Asset Tokenization Platform
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India’s GIFT City to Launch Regulated Asset Tokenization Platform

GIFT City Preparing for Tokenization of Real World Assets GIFT City, Gujarat’s international financial services center (IFSC), is set to launch its first regulated tokenization platform for real-world assets (RWA) in January 2024. This initiative positions GIFT City as a potential competitor to established financial hubs like Singapore and Dubai. Real Estate to Lead Tokenized...

Worldcoin Launches World ID 2.0 with Major Platform Integrations
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Worldcoin Launches World ID 2.0 with Major Platform Integrations

World ID 2.0: A Leap in Digital Authentication Worldcoin has unveiled its upgraded World ID 2.0, featuring advanced integrations with significant platforms such as Shopify, Mercado Libre, Reddit, and Telegram. This development represents a strategic move in redefining user authentication methods and enhancing security across digital platforms. Seamless Integration for Enhanced User Verification World ID...