California Limits Crypto ATM Daily Withdrawals to $1K
In response to increasing scams, California lawmakers have proposed a new bill titled “Digital financial asset transaction kiosks” that would limit daily crypto ATM withdrawals to $1,000. In addition, beginning in 2025, the law would cap operators’ fees at either $5 or 15%, whichever is greater. If approved, the measure would take effect on January […]
Chinese Digital Yuan Debut Usage in Cross-border Oil Deal
Chinese digital yuan CBDC has been used to trade in an oil transaction for the first time as PetroChina International purchased one million barrels of petroleum using it, as reported by the Shanghai Petroleum and Natural Gas Exchange (SHPGX). According to the exchange, the transaction was a response to a request by the Shanghai Municipal […]
Bitget Crypto Exchange Launches MPC Wallet for User Security
Bitget cryptocurrency exchange and derivatives platform has launched a new wallet service utilizing multiparty computation (MPC) to enhance user security and key management. Bitget has employed MPC to revamp private key and asset management after introducing its account abstraction wallet service powered by the Ethereum scaling protocol Starknet in July 2023. MPC technology employs a […]
Blockchain Security Startup Blockaid Secures $33M in Funding
Blockaid, a blockchain security startup and partner of the MetaMask cryptocurrency wallet, has raised $33 million to scale its anti-malicious transaction technology. Industry-leading venture capital firms, such as Coinbase investor Ribbit Capital and early-stage VC firm Variant, spearheaded Blockaid’s Series A funding round. Among the other investors were Sequoia Capital, Cyberstarts, and Greylock Partners. In […]
Reddit Removes Moderators for MOON Token Insider Trading
The r/CryptoCurrency community on Reddit has fired two moderators involved in insider trading of the Moons (MOON) token. According to a report on October 20, at least three wallets associated with Reddit group moderators dumped hundreds of thousands of dollars worth of MOON tokens on October 18, mere minutes before the official announcement of the […]