‘Sybil Attacks’ Target Cryptocurrency Airdrops Projects
Several cryptocurrency projects have experienced an increase in “Sybil attacks,” or “fake farm accounts,” following increased prices. These fraudulent accounts generate fabricated network activity to acquire the most significant number of tokens possible during airdrop events, which have grown substantially profitable. “We have recently banned around 2,000 users who we suspect were farming Degen,” the […]
Advisers Invest $40M in Fidelity Bitcoin ETF
Fidelity’s Bitcoin exchange-traded fund (ETF) has received $40 million in a single investment from two financial advisers, making it the largest investment in a Bitcoin fund. Financial advisers United Capital Management of Kansas and Legacy Wealth Management have recently invested $20 million in Fidelity Wise Origin Bitcoin Fund (FBTC) shares, becoming the fund’s top shareholders, per Bloomberg […]
SEC Delays Franklin Templeton Spot Ether ETF
The US Securities and Exchange Commission (SEC) has delayed the decision regarding Franklin Templeton’s application for a spot Ether exchange-traded fund (ETF). The Securities and Exchange Commission (SEC) announced on April 23 that it had extended the period for comments on a proposed rule change that would permit the Cboe BZX Exchange to list and […]
Blockchain Association and CFAT Sues SEC Over Dealer Rule
Citing regulatory overreach, the Blockchain Association and Crypto Freedom Alliance sue the SEC over the expanded definition of digital asset dealers. A lawsuit has been initiated against the U.S. Securities and Exchange Commission (SEC) by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). The lawsuit challenges a new rule that broadens the definition of a […]
Hedera & Archax Tokenize BlackRock MMF Shares
Archax and The HBAR Foundation tokenize BlackRock’s US Treasury money market fund, bridging traditional finance and blockchain. Archax, a London-based broker, curator, and exchange for digital assets, has granted the BlackRock ICS US Treasury money market fund (MMF) access to its tokenization services. This endeavor, carried out in partnership with The HBAR Foundation, represents a […]