Someone just made off with a cool $70 million from open-source payment platform UPCX, and it wasn’t a planned heist. On April 1, blockchain security firm Cyvers detected funny business: 18.4 million UPC tokens moving suspiciously, which they valued at around $70 million. Turns out, an unauthorized individual waltzed into a UPCX address, fiddled with … Read more
For institutional investors looking to dive deeper into digital assets, GoMining has just dropped a $100 million Bitcoin mining fund called Alpha Blocks Fund. GoMining, known for democratizing Bitcoin mining through data centers, will have Bitgo act as custodian for the fund. The proposition includes annual distributions from mining yield, with a core strategy centered … Read more
Senator Tommy Tuberville is making another push for crypto-friendly retirement savings, announcing the return of his “Financial Freedoms Act” to seemingly bolster Donald Trump’s crypto credentials. In a Fox News interview aired March 31, the Alabama senator declared his plans to reintroduce the bill, after prior attempts stalled in 2022 and 2023, aiming to loosen … Read more
Attention former FTX users in Europe: crypto exchange Backpack just threw open the doors for claims processing, starting April 1. To get the ball rolling, users need to jump through a few hoops: create a Backpack account, complete the Know Your Customer (KYC) verification dance, and then link it all to their FTX EU claim … Read more
South Korea’s crypto craze is either peaking or just getting started, depending on who you ask, but the numbers are in: over 16 million South Koreans, roughly 30% of the population, now hold cryptocurrency exchange accounts. Data submitted to South Korean representative Cha Gyu-geun of the Rebuilding Korea Party revealed this milestone, drawing information from … Read more
Turns out, even cybercriminals aren’t immune to a good old-fashioned scam. The hacker responsible for February’s $9.6 million zkLend heist just got a taste of their own medicine, losing a chunk of their ill-gotten gains to a clever phishing scheme. In a twist worthy of a crypto crime drama, this anonymous thief clicked on a … Read more
Binance is shaking up the crypto market in Europe, ditching Tether (USDT) and eight other stablecoins for spot trading within the European Economic Area. Blame it on MiCA, the EU’s new digital asset regulation, which is forcing exchanges to rethink their token lineups. Effective March 31st, Binance users in the EEA will find themselves unable … Read more
India’s crypto enthusiasts trading on Binance are discovering that tax authorities are paying attention. The Income Tax department has launched investigations into whether Binance properly collected the 1% Tax Deducted at Source (TDS) on crypto transactions from Indian users. Over the past few weeks, local Binance investors have been getting notices from the tax office. … Read more
Crypto enthusiasts, get ready: the Initia airdrop is coming soon, and with it, the launch of the INIT token. A total of 50 million INIT tokens are earmarked for distribution to eligible users. Wondering if you qualify? Head over to airdrop.initia.xyz, where you can now check eligibility and token allocation details. Claiming your tokens will … Read more
Grayscale Investments is pushing deeper into the ETF market, aiming to convert its Digital Large Cap Fund into an exchange-traded fund. The asset manager formally requested SEC approval on April 1, 2025, by submitting an S-3 form. This move signals Grayscale’s ongoing strategy to bridge the gap between digital assets and traditional investment avenues. The … Read more