Security News

Blockchain payments firm Ripple has announced the launch of the first tokenized money market fund on the XRP Ledger, comprising of asset manager abrdn’s $4.77 billion (3.8 billion British pounds) US dollar Liquidity Fund. It was made possible through Ripple’s partnership with Archax, the United Kingdom’s first Financial Conduct Authority-regulated cryptocurrency exchange, broker and custodian, […]

The price of Wrapped Bitcoin WBTC$97,216.96 on Binance briefly and rapidly plunged to an all-time low of approximately $5,200 on November 23, 2024, in an apparent flash crash that did not affect the price of the asset on other exchanges. WBTC began the day trading at normal price levels of around $98K before plummeting due to an […]

Stablecoin issuer Tether minted an additional $3 billion in USDt USDT$1.00 tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets — particularly Bitcoin BTC$97,469 as it approaches the $100,000 price level. Data from Arkham Intelligence revealed that $2 billion in USDt was minted on the Ethereum blockchain, and an […]

Non-fungible tokens (NFTs) maintained a relatively strong weekly sales volume despite a slight decline compared to last week’s surge. On Nov. 24, NFT data tracker CryptoSlam showed that digital collectibles had a solid week, recording a sales volume of about $158 million over the last seven days. The data shows a 12.7% decrease compared to […]

South Korean virtual asset deposit platform Delio was declared bankrupt by a court in Seoul on Nov. 22, according to multiple local press reports. Delio, which owes customers 245 billion won ($1.75 billion), halted withdrawals last year. Some hope of making customers whole Delio will begin liquidation proceedings. Customers can make claims through Feb. 21, […]

Alexey Pertsev’s pre-trial detention has been prolonged in another worrying sign for open-source code developers, particularly of privacy-preserving technologies. Pertsev, the developer of the cryptocurrency mixing protocol Tornado Cash, will remain in detention as he awaits his trial, he announced in a Nov. 21 X post: “I am sad to announce that, despite our best efforts, the court […]

Non-profit crypto advocacy group Coin Center has warned that even though a Trump win is a net positive for the crypto industry, entrenched policies could still scare crypto innovators away from the United States. In a Nov. 21 blog post analyzing the landscape of US crypto policy following the 2024 election,  Coin Center’s research director Van Valkenburgh […]

The Commodity Futures Trading Commission (CFTC) has endorsed using blockchain technology to manage trading collateral in United States derivatives markets, according to a Nov. 21 report by the CFTC’s Global Markets Advisory Committee. Blockchain technologies — including distributed ledgers and tokenization — can address longstanding challenges for traditional derivatives exchanges and expand the variety of […]

South Korean virtual asset deposit platform Delio was declared bankrupt by a court in Seoul on Nov. 22, according to multiple local press reports. Delio, which owes customers 245 billion won ($1.75 billion), halted withdrawals last year. Some hope of making customers whole Delio will begin liquidation proceedings. Customers can make claims through Feb. 21, […]

Mark Uyeda, a Republican commissioner at the United States Securities and Exchange Commission, has suggested that he would prioritize regulatory clarity for cryptocurrencies if picked and confirmed as the next head of the agency. Speaking to Fox Business on Nov. 22, Uyeda echoed many of President-elect Donald Trump’s talking points on digital assets, saying that […]