Category: Latest news

[ad_1] Key figures at Grayscale, including chairman Barry Silbert and Mark Murphy, president of its parent company Digital Currency Group (DCG), will step down from their board positions effective Jan. 1, 2024, according to a Dec. 26 8-K filing with the United States Securities and Exchange Commission (SEC). Mark Shifke, DCG’s chief financial officer, will…

[ad_1] Cryptocurrency hacks dropped by over half in 2023 compared to the previous year, indicating that heightened security measures and increased law enforcement scrutiny may be paying off. According to research by TRM Labs and other blockchain security firms, cybercriminals stole roughly $1.85 billion in 2023, starkly contrasting the nearly $4 billion lost in hacks…

[ad_1] Tether, a major stablecoin issuer, has minted an additional $1 billion of its USDT stablecoin on the Ethereum blockchain. This move is said to “replenish” its inventory in anticipation of a surge in demand. The minting occurred on Dec. 25 and was first reported by Whale Alert on social media. The mint was confirmed…

[ad_1] December has been quite a month for Solana. The L1 blockchain has seen one of the fastest price recoveries this quarter, with SOL’s surge fueling the growing interest in its DeFi offering. CryptoSlate’s analysis of Solana’s on-chain found significant upward trends in almost all key metrics, indicating a period of robust growth and increased…

[ad_1] Cryptocurrency project Telcoin has confirmed that a recent security breach impacted its mobile application, leading to a drop of more than 35% in the value of its native TEL coin within the past day. The incident was first reported on Dec. 25, and the company promptly halted its mobile application usage pending an investigation.…

[ad_1] Bankrupt crypto exchange Mt. Gox has reportedly begun repaying creditors after about a decade since it collapsed. Several creditors of the failed firm revealed that they received fiat equivalents of their assets previously locked on the now-defunct exchange. The initial payment confirmation was shared on the social media platform X (formerly Twitter) on Dec.…

[ad_1] The crypto market faced significant liquidations of nearly $170 million post-Christmas, triggered by a slight decline in the values of major cryptocurrencies. Data from CryptoSlate indicates that the largest cryptocurrency by market capitalization, Bitcoin, declined 1.18% to $42,639, reminiscent of its run in the previous week. Similarly, Ethereum and other large-cap alternative cryptocurrencies like Tron,…

[ad_1] Indian financial regulators continue to express significant reservations about the integration of cryptocurrencies into the country’s economic framework and believe there is no economic “upside” in making them regulated financial instruments, according to local media reports. These statements by senior officials from the central bank underscore the government’s cautious approach, emphasizing the potential threats…

[ad_1] The cryptocurrency industry has significantly increased its political donations in response to growing regulatory challenges and skepticism in Washington, the Financial Times reported. The strategy highlights an escalation in the crypto sector’s engagement with political processes in an effort to shape the narrative and policies surrounding digital assets. Pro-crypto legislation Key players in the…

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