Stake.com Recovers from $41M Crypto Exploit, Resumes Services
Stake.com, a popular crypto casino and sportsbook, has resumed all services with instant deposits and withdrawals after losing $41 million worth of cryptocurrencies due to an exploit. The attacker(s) converted the stolen funds to ether and transferred them to multiple wallets. Stake.com assured its users that their funds are safe and that the exploit had […]
India Confirms Crypto Regulation on G20 Agenda
The upcoming G20 summit will include a discussion on crypto regulation, according to India’s Finance Minister Nirmala Sitharaman. Crypto assets are transnational and require global regulation, she said. The event will also feature a crypto regulatory study from the Financial Stability Board and IMF. The G20 summit, which will be held on September 9-10, will […]
UK Crypto Firms Face New Travel Rule Requirements from FCA
The UK’s financial regulator has imposed new rules on crypto businesses to collect and verify information on digital asset transfers as part of its anti-money laundering and counter-terrorist financing efforts. The UK’s Financial Conduct Authority (FCA) has announced that the Travel Rule, a global standard for transparency in digital asset transfers, came into force on […]
Tether Outbids Many Countries on US Debt Amid Crypto Crash
Tether, the issuer of the largest stablecoin USDT, has revealed its massive exposure to US Treasury bills, surpassing many countries. This comes amid a market crash that saw USDT lose its peg briefly. Tether, the company behind the most popular stablecoin USDT, has announced that it holds $72.5 billion worth of US Treasury bills, making […]
Adidas Launches NFT Residency Program for Web3 Artists
Adidas, the global sportswear brand, has announced a new initiative to support and showcase digital artists in the Web3 space. The program, called RESIDENCY by Adidas, will feature a series of NFT art sales and physical collaborations with selected artists from around the world. Introducing RESIDENCY by Adidas: A New Initiative for Web3 Artists RESIDENCY […]