Author: Crypto Insider

Coinbase has informed more than 6,000 customers that they have been hacked. The hackers used an unusual vulnerability in the SMS account recovery process, which gave them access to personal information and wallets. The American crypto exchange already said that all customers affected will have the stolen assets refunded automatically. According to the letter posted…

Bloomberg has published a huge article going into the activities of the USDT stablecoin issuer. It once again accuses the Tether company assets of being unreliable. In particular, journalists found Chinese companies’ bonds in Tether reserves. A month ago, when everyone started talking about the possible bankruptcy of the Chinese mega-developer Evergrande, several Telegram channels…

Financial services company MoneyGram International has partnered with the Stellar Development Foundation, a non-profit organization developing Stellar blockchain, to enable consumer’s cross-border transactions using popular stablecoin USD Coin (USDC) and convert directly to and from fiat. According to an announcement published Wednesday, MoneyGram’s network will integrate with the Stellar blockchain to enable cash funding and…

Bank of America, one of the largest banks on Wall Street, has launched its first digital asset research, looking to scale its crypto trading business. Led by Alkesh Shah, Global Crypto, and Digital Asset Strategist at Bank of America (BoA), the bank has released its first report on cryptocurrencies. The report titled “Digital Assets Primer:…

According to blockchain data firm CryptoQuant, between 13:11 and 13:16 UTC Wednesday, a small group of people purchased the massive amount of Bitcoin on the spot market on centralized exchanges. But why the crypto whales placed Bitcoin buying orders of nearly $1.6 billion in a few minutes on an exchange instead of an over-the-counter desk…

October 5, Arab Bank Switzerland announced its plan to integrate staking, custody, and trading services onto XTZ, the Tezos blockchain’s native token, to provide a digital asset environment for institutions, corporations, and high net-worth individuals. This announcement comes amid the token’s recent price surge, which led it to a new all-time high. The press release…