FTX Reports Cybersecurity Breach Involving Claims Agent Kroll
Defunct cryptocurrency exchange FTX disclosed a cybersecurity breach involving its bankruptcy case claims agent, Kroll, which exposed non-sensitive customer data. The ailing cryptocurrency exchange utilized the X platform on August 25 to alert its customers, creditors, and the general public of a cybersecurity breach involving its claims agent, Kroll. The breach has disseminated non-sensitive customer […]
Tether keeps $3.3B Liquidity Cushion Per Transparency Report
Total Tether assets are $86.1 billion, while total liabilities are $82.8 billion, indicating a reserve underpinning of over 100 percent. Tether, the issuer of stablecoins, maintains a liquidity cushion of nearly $3.3 billion to stabilize the Tether ecosystem and inspire investor confidence. The Tether reserves report as of August 24 reveals a total shareholder capital […]
Spain Launches AI Regulatory Task Force
Spain has established its own Artificial Intelligence (AI) regulatory task force, the Agency for the Supervision of Artificial Intelligence (AESIA), which will guarantee that AI development in the country will be “inclusive, sustainable, and citizen-centered.” The Council of Ministers authorized a Royal Decree establishing the AESIA on August 22. The Spanish Ministry of Finance and […]
3.6M SAND Whale Deposit Grows to $1.16M in 16 Hours
A whale address with the unique prefix 0x53e has deposited 3.6 million SAND tokens into Binance. Sixteen hours ago, this historic transaction, estimated at around $1.16 million, took place. The whale address, renowned for its substantial crypto transactions , has built a reputation for causing market fluctuations. This recent deposit contributes to its intriguing history. […]
Q2 Spot Trading Volume: Uniswap Beats Coinbase to $110 Billion
Uniswap, the decentralized exchange (DEX), has once more garnered significant attention by surpassing Coinbase in spot trading volume for two consecutive quarters. According to data provided by Ryan Rasmussen of Bitwise, an encryption-focused asset management company, Uniswap witnessed a substantial increase in spot trading volume , reaching $110 billion in the second quarter of this […]