- Cryptonews

Coinbase Faces Shareholder Lawsuit Over Bankruptcy Risks and Securities Violations

Coinbase and several of its top executives have been named in a shareholder lawsuit that alleges they misled investors about bankruptcy risks and engaged in risky proprietary trading practices. According to a lawsuit filed on February 18 in a New Jersey federal court by Coinbase shareholder...

, by Hassan Shittu

AbstractChain Reports Security Breach: Team Confirms Isolated Cardex App Issue

AbstractChain has suffered a security breach linked to the third-party app Cardex on Tuesday, with multiple users reporting unauthorized withdrawals from their wallets. Despite initial concerns of a broader vulnerability within the Abstract Global Wallet (AGW), AbstractChain's engineers...

, by Hassan Shittu

Nigeria to Amend Regulations for Taxation of Crypto Trading and Digital Transactions: Bloomberg

Nigeria is planning to revise its regulations to include crypto trading and digital transactions taxation in its regulatory framework, which would enhance government revenue. According to a Bloomberg report, the Nigeria Securities and Exchange Commission (SEC) has announced plans to implement...

, by Hassan Shittu

Hyperliquid Launches HyperEVM to Enable General-Purpose Programmability

Hyperliquid has launched HyperEVM, a new EVM execution environment designed to bring general-purpose programmability to its L1 blockchain.

, by Ruholamin Haqshanas

Upbit Faces Billions in Fines for 700,000 Rule Violations Amid South Korea’s Crypto Crackdown

South Korea’s Financial Services Commission (FSC) is preparing to issue sanctions against Upbit, the country’s largest cryptocurrency exchange, after uncovering over 700,000 violations of Know Your Customer (KYC) regulations. As the dominant player in the local market, controlling over 80% of...

, by Hassan Shittu

Bybit Trials Financial Disclosure for Spot Listings, a First Among Crypto Exchanges

Cryptocurrency exchange Bybit introduced a financial and operational data disclosure mechanism for projects listed on its spot trading platform on Monday. Bybit is among the first major exchanges to implement mandatory transparency in token listings. The new mechanism requires projects to...

, by Hassan Shittu

Standard Chartered, Animoca Brands & HKT Partner to Launch HKD Stablecoin

Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT have announced a landmark joint venture to issue a Hong Kong dollar-backed stablecoin. The three firms will apply for a stablecoin issuance license under the Hong Kong Monetary Authority’s (HKMA) newly introduced...

, by Hassan Shittu

Bitcoin Layer-2 Sector Is Overlooked: Why and What to Expect Moving Forward

Bitcoin Layer 2 networks have surged in growth, yet many BTC holders hesitate to engage. Industry experts weigh in on programmability, security, and the future of L2 adoption.

, by Rachel Wolfson

Hex Trust Acquires Byte Trading, Expands Into the Institutional Market

Hex Trust acquires Byte Trading, integrating low-latency trading with its custody platform. The move strengthens its institutional offerings amid growing demand.

, by Tanzeel Akhtar

Coinbase Partners with Aston Martin F1, Pays Entirely in $USDC

San Francisco-based Coinbase and UK-based Formula One team Aston Martin Aramco announced a sponsorship agreement on Friday, making Coinbase an official sponsor of the team for the upcoming Formula One season. The deal is unique for being fully transacted in USDC, a stablecoin pegged to the U.S....

, by Hassan Shittu

FTX Creditors Missing First Payout May Qualify for Q2 2025 Distribution

FTX Digital Markets, the Bahamian subsidiary of the collapsed cryptocurrency exchange FTX, will begin repaying creditors next week. The repayment process follows FTX’s reorganization plan, which took effect on January 3 after years of bankruptcy proceedings and litigation to recover funds....

, by Hassan Shittu

Hong Kong SFC Holds First Virtual Asset Consultative Panel Meeting

The Securities and Futures Commission (SFC) of Hong Kong convened its inaugural Virtual Asset Consultative Panel (VACP) meeting today, marking a significant step in its regulatory engagement with the virtual asset industry. The newly formed panel, which consists of senior representatives from...

, by Hassan Shittu

Ethereum Foundation Allocates $120 Million of ETH to DeFi Protocols

The Ethereum Foundation injected 45,000 ETH (~$120 million) into Aave and Spark on Thursday, February 13, in its largest direct liquidity move to date. The allocation seeks to generate passive income while reducing reliance on ETH sell-offs for operational funding. The decision comes amid...

, by Jimmy Aki

Bybit CEO Rejects Pi Token Listing Amid Pyramid Scheme Controversy

OKX recently expanded its spot trading markets to include the Pi token, but Bybit CEO Ben Zhou ruled out the possibility of listing it on the exchange, citing concerns on Wednesday. Zhou’s decision follows ongoing allegations that Pi Network operates as a pyramid scheme in China. The debate...

, by Hassan Shittu

Ondo Finance Partners with Trump’s World Liberty Financial to Tokenize Real-World Assets On-chain

World Liberty Financial (WLF), a Trump-backed DeFi protocol, announced a partnership with Ondo Finance on Wednesday to accelerate the adoption of tokenized real-world assets (RWAs) and bring traditional finance on-chain. The collaboration follows Ondo’s recent expansion, including the...

, by Hassan Shittu

Franklin Templeton Launches Tokenized Money Market Fund (FOBXX) on Solana

Trillion-dollar asset manager Franklin Templeton launched its tokenized money market fund, Franklin OnChain U.S. Government Money Fund (FOBXX), on the Solana blockchain on Wednesday. The company has already deployed FOBXX on Ethereum, Base, Polygon, Avalanche, Aptos, and Arbitrum. As of...

, by Hassan Shittu

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