Latest news from the Web3 ecosystem
Fintech giant Revolut has confirmed an internal investigation following allegations that a former employee attempted to extort a cryptocurrency trader using stolen Know Your Customer (KYC) data. The company states no customer systems were compromised during the incident.
The CoinDesk 20 index experienced a downturn over the weekend, while select digital assets like AAVE and UNI demonstrated positive momentum, gaining ground.
Standard Chartered has adjusted its projection for stablecoin demand in U.S. Treasury bills, lowering the expected range while upholding its broader market capitalization outlook.
A prominent investment firm has executed its 100th Bitcoin purchase, acquiring 592 BTC for approximately $39.8 million and bolstering its total holdings.
Austria's financial regulator has halted new business activities for KuCoin's European exchange, citing deficiencies in anti-money laundering and sanctions compliance.
A fictional memo from 2028 projects AI-driven profit surges for corporations, coupled with decreased consumer demand and a significant shift towards stablecoin utilization on efficient blockchain networks.
Ethereum-focused firm BitMine Immersion significantly expanded its Ether holdings last week, adding $98 million worth of ETH. This move occurs as the firm's overall losses on its digital asset investments have surpassed $8 billion.
Ricardo Salinas, a prominent Mexican billionaire, has reaffirmed his commitment to Bitcoin, stating that 70% of his personal liquid assets remain invested in the cryptocurrency despite recent market volatility.
Pantera Capital has spearheaded an $11.5 million funding round for Based, a crypto application operating on the Hyperliquid network. The investment aims to fuel market expansion and enhance the platform's on-chain financial infrastructure.
Standard Chartered analysts suggest that the burgeoning stablecoin market, potentially reaching $2 trillion, could significantly influence U.S. Treasury bill issuance, even impacting long-term bond auctions.
MicroStrategy has announced its 100th Bitcoin purchase, acquiring 592 BTC for $39.8 million last week. The company now holds over 717,000 Bitcoin, underscoring its sustained commitment to the digital asset.
Coinbase's layer-2 network, Base, has achieved a leading position in the Ethereum scaling hierarchy, driven by the explosive growth of SocialFi, memecoins, and AI-powered applications. This surge preceded a strategic pivot towards fortifying its foundational infrastructure.