August, 2024

August, 2024

WazirX embarks on 30-day moratorium as rival seeks to recover around $10 million in stuck funds
Embattled crypto platform WazirX has entered an initial 30-day moratorium following a $234 million hack in July, pending a decision by Singapore’s High Court on whether to grant an extension, accord...

Crypto Exchange Abra Settles With SEC Over Unregistered Securities Allegations
The crypto exchange Abra has settled with the U.S. Securities and Exchange Commission (SEC) for a yet-to-be-determined amount over charges stemming from alleged unregistered investment offerings. The ...

Ava Labs President John Wu ‘Very Positive’ on Ethereum ETFs – Here’s Why
The president of Ava Labs, the team behind layer-1 blockchain Avalanche (AVAX), says that he’s optimistic about Ethereum (ETH)-based exchange-traded funds (ETFs). In a new interview with Bloomberg T...

SEC Charges Brothers for Fake Crypto Trading Bot That Led to Misappropriation of About $54,000,000
The U.S. Securities and Exchange Commission (SEC) charged two brothers with allegedly operating a $61.5 million Ponzi scheme that relied on promoting a fake crypto trading bot. The SEC accuses Jonatha...

SEC Says NFTs Are Securities in New Wells Notice Against OpenSea, According to CEO
The U.S. Securities and Exchange Commission (SEC) has sent a Wells notice to non-fungible token (NFT) marketplace OpenSea, according to the firm’s CEO. Devin Finzer says in a new post on the social ...

Polyhedra’s ZkBridge Integrates Flare To Enhance Cross-Chain Security With ZK Proofs
August 28, 2024 – Dubai, United Arab Emirates The Polyhedra community has approved a proposal to integrate Flare with Polyhedra’s ZkBridge DVN (decentralized verifier network). This integratio...

$324,000,000 in Liquidiations Hits Crypto Markets As Bitcoin Loses $60,000 Level
Another dip in crypto markets has sparked a large wave of liquidations against those holding leveraged long positions. According to crypto data aggregator Coinglass, there have been $324 million in li...

Coinbase Using Artificial Intelligence To Avoid Website Outages During High-Traffic Periods
US crypto exchange Coinbase is employing artificial intelligence to mitigate against potential downtime during times of heavy traffic. Coinbase says it has deployed a machine-learning model that “pr...

Chainlink (LINK) Tests Critical Support as Bulls Lose Momentum
Chainlink’s (LINK) price has surged by 19% since reaching a ten-month low on August 5, forming an ascending channel. However, a recent decline since Monday has pushed LINK’s price toward the lower...

BlackRock Ethereum ETF Launches on the Brazilian Stock Exchange
American asset manager BlackRock has listed its Ethereum ETF (exchange-traded fund) on a Brazilian stock exchange, with trading set to begin on Wednesday, August 28. The Brazilian market is increas...

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