The Securities and Futures Commission of Hong Kong (SFC) has issued a warning regarding HKCEXP, an allegedly suspicious crypto trading platform claiming to be registered with the regulator. HKCEXP allegedly warned as it lured investors by falsely claiming to be an “SFC-registered business.” The SFC warns investors of HKCEXP In June 2023, Hong Kong officially...
Solana (SOL) has seized the spotlight as the leading blockchain of the year, commanding nearly half of global crypto investor attention in chain-specific narratives, according to CoinGecko. This dominance is fueled by SOL’s resurgence to 2021 highs, buoyed by the strong performance of key project tokens such as Pyth and meme coins like Dogwifhat (WIF)....
Decentralized gaming startup Yield Guild Games (YGG) announced it has launched the YGG token on the Ronin network, reaching more gamers in the Web3 community. Sky Mavis and the Ronin community approved the launch of the YGG token on the network. The token went live on the Ronin network March 21. YGG said the aim...
The Super Sushi Samurai (SSS) game experienced a catastrophic security breach, resulting in a 99.9% drop in its token value. A double-spending glitch was exploited within the game, leading to unauthorized withdrawals totaling $4.8 million from its liquidity pools. This vulnerability, identified in the project’s smart contracts, allowed users to manipulate their token balances. We...
Estonian government has passed a legislation that shifts crypto oversight to the Financial Supervision Authority (FSA) starting 2026. The bill aims to regulate local crypto service providers in a bid to regulate the nascent market. Per reports from local media on Thursday, the law, if approved, will toughen up operational and reporting requirements. The bill is...
The San Diego federal court has ruled that Silvergate Bank must face a class-action lawsuit filed by FTX users which alleges that the bank aided fraud at the exchange and its associated trading firm, Alameda Research. Despite Silvergate’s attempt to dismiss the case in June, a federal court judge denied the motion on Wednesday in...
The Bitcoin (BTC) price is pumping in the wake of the latest Fed policy announcement, which saw the bank leave interest rates unchanged at 5.25-5.5% for a fifth successive meeting and continue to forecast three rate cuts in 2024. Bitcoin was last trading in the mid-$67,000s, up around 9% daily. The BTC price has bounced...
Max Howell, the founder of the decentralized technology protocol tea Protocol, sat down for a chat with Cryptonews’ Matt Zahab, to discuss his highly popular Homebrew system, as well as the much-anticipated tea Protocol. He talked about the massive importance of properly compensating developers to create and maintain open-source software so they can work on...
The Bitcoin (BTC) bull run has clear skies above following the Federal Open Markets Committee (FOMC) interest rate decision on Wednesday. The Federal Reserve opted to keep its target interest rate flat in the range of 5.25% to 5.50%, despite February’s inflation figures clocking in slightly higher than expected last week at 3.2%. The FOMC...
FTX users are suing the now-defunct Silvergate by claiming it abetted FTX and its affiliated trading firm Alameda Research to commit a historic fraud. According to the customers launching the suit, FTX knowingly transferred customer money into Alameda Research. FTX is currently on trial for numerous offences related to fraud and money laundering charges. Central...