Author: Crypto Insider

Lido Finance has introduced Lido Institutional, an institutional-grade liquidity staking solution aimed at large customers such as custodians, asset managers and exchanges. Lido Institutional is a middleware solution that “combines the reliability and security necessary for enterprise-grade staking with the liquidity and utility required for diverse institutional strategies,” Lido said in a post on X. Lido Institutional…

In July, online hackers stole around $266 million from the cryptocurrency ecosystem and its investors through 16 separate attacks. On July 18, Indian crypto exchange WazirX lost over $230 million to a major hack — representing 86.4% of the total crypto lost to hacks in the month. After independent investigations, the hack was attributed to North Korean hackers,…

For centuries, the world’s elite have possessed the knowledge and asset planning to transcend national borders and become international citizens, seeking favorable tax jurisdictions and routes of escape should the economic or political situation deteriorate in their home countries. Today, Nomad Capitalist, a tax strategy and immigration advisory firm, brings that knowledge to crypto investors….

Popular cryptocurrency exchange ByBit announced it is halting operations in France and restricting account features for French users in an Aug. 1 press release. ByBit cited “recent regulatory developments” by France’s financial regulator, Autorité des Marchés Financiers (AMF), as the catalyst for halting operations in the European country. The centralized exchange cautioned French users that…

Bitcoin miner Riot Platforms missed estimates after posting its first quarterly loss since 2022, as the miners continues to feel the impact of April’s halving event. Riot posted a Q2 net loss of $84.4 million, or $0.32 per share, double the $0.16 per share loss  forecasted by investment research firm Zacks. It’s the first time the firm has…

The Bank for International Settlements (BIS) and Bank of England have released the results of their Project Pyxtrial to monitor the reserves of asset-backed stablecoins and tokenized assets. Pyxtrial is described as a proof-of-concept and an “important first step.” The system is not entirely ready for launch and, as its creators noted, the world isn’t ready…