Bitcoin Surges Past $71K, Ether ETF Hopes Trigger $260M in Short Liquidations
Bitcoin surged past $71,000 and ether rose 19% to $3,700 after analysts increased the likelihood of a U.S. spot ETH ETF approval to 75%. Early Tuesday saw Bitcoin (BTC) surpass $71,000, its highest level since early April. Ether, meanwhile, surged over 19% to $3,700, following Bloomberg analysts’ increase in the likelihood that the spot ETH […]
Gala Games CEO Blames $23M Exploit on Poor Internal Controls
Gala Games CEO cites poor internal controls as the cause of a $23M security incident involving the unauthorized minting and selling of GALA tokens. According to the CEO of Gala Games, the recent “security incident” involving a criminal who stole and sold $23 million worth of Gala Games’ GALA token was caused by “messed up” […]
Crypto Fund Exec Gets 3 Years for $55 Million Scheme
Lilian Nurieva, ex-Head of Networks at Finiko, was sentenced to three years for a $55 million fraud, Russia’s second-largest post-Soviet financial scam. Lilian Nurieva, a former Head of Networks at the Russian cryptocurrency investment firm Finiko, was found guilty of scamming individual investors and being a member of an organized criminal organization and received a […]
FDIC Chair Martin Gruenberg to Resign
FDIC Chair Martin Gruenberg will step down after an investigation exposed a toxic workplace culture at the agency. The chairman of the US Federal Deposit Insurance Corporation (FDIC), Martin Gruenberg, has announced his resignation in the wake of a damning probe that exposed a poisonous work environment at the bank watchdog. Martin Gruenberg, who has […]
House Democrats Won’t be Compelled to Oppose Two Pro-crypto Bills
House Democrats are not required to oppose two pro-crypto bills up for a vote this week, but they are strongly urged to do so. Democrats in the United States House of Representatives will not be obligated to vote against two pro-crypto measures that are scheduled for a floor vote this week; however, they are strongly […]