Tornado Cash co-founder requests dismissal of money laundering charges
    31 Mar 2024
    53 Views

    Roman Storm, co-founder of cryptocurrency mixer Tornado Cash, has filed a motion to dismiss all three charges against him, alleging he operated a money laundering business and violated the International Emergency Economic Powers Act. “By no stretch can Mr. Storm be deemed to have conspired to launder funds,” Storm’s lawyers stated in a March 29 filing to…

    Crypto hacking losses decline in Q1 2024 — Immunefi
    31 Mar 2024
    63 Views

    The cryptocurrency industry saw a 23% decline in losses due to hacking and scams in the first quarter of 2024 compared to 2023, according to a March 28 research report by blockchain security firm Immunefi. According to the report, the total amount lost to hacking and fraud incidents in Q1 of 2024 amounted to approximately $336.3 million,…

    Base sets record high DEX volume day, surpassing $1B
    31 Mar 2024
    54 Views

    Coinbase Ethereum layer-2 network Base has shattered its own trading volume record within a 24-hour period on decentralized exchanges (DEX), jumping up approximately 25% compared to the previous day, surpassing the $1 billion mark. On March 30, Base recorded $1.21 billion in DEX trading volume, up 25% from the previous day’s $959.63 million, as per…

    Grayscale introduces crypto investment fund that prioritizes staking rewards
    30 Mar 2024
    56 Views

    Grayscale Investments has announced an investment fund tailored for sophisticated clients eager to expose their portfolios to income generated from staking cryptocurrency tokens. According to a recent statement, the Grayscale Dynamic Income Fund (GDIC) is only available to clients holding more than $1.1 million assets under management (AUM), or with a net worth of more than…

    Stablecoin delistings in Europe spell change for crypto exchanges, issuers
    30 Mar 2024
    55 Views

    When the world’s fourth-largest cryptocurrency exchange delists its leading stablecoin for an entire continent, it raises eyebrows. But this may just be a harbinger of things to come. Expect more disruptions as Europe’s path-breaking Markets in Crypto-Assets Regulation (MiCA) regulatory regime takes effect at the end of June. Off-shore stablecoins, in particular, may face challenges….

    Telegram Mini Apps are ‘Trojan horse’ for mass blockchain adoption — TON investments director
    30 Mar 2024
    54 Views

    The blockchain-based mini-decentralized applications (DApps) on Telegram, also known as Mini Apps, could be a “Trojan horse” for mass blockchain adoption. That’s according to Justin Hyun, the director of investments at TON Foundation, who told Cointelegraph: “That’s our thesis for bringing in more users onto the blockchain without even needing to educate them about the blockchain….