Crypto Volatility Drives $1.2B Inflows to Binance
Amid recent market volatility, Binance saw $1.234 billion in 24-hour inflows despite low reserves. Trading activity has been highly volatile in the crypto markets over the past few days, with significant fluctuations occurring. Reserves have increased from August 3 to the present, despite being at a record low, according to exchange reserve data from cryptoquant.com. […]
Nubit, Succinct Launch Nuport to Link Blockchains
Nubit announces Nuport, using Succinct SP1 to bridge its blockchain with Bitcoin, Ethereum, Solana, and more, enabling developers to use zero-knowledge proofs with popular programming languages. In its August 6 announcement, Nubit stated that Nuport would enable the modular blockchain to connect to other blockchains, including Solana, Ethereum, and Bitcoin. This will be accomplished through […]
SEC Disputes Coinbase’s Document Request in Legal Battle
The SEC opposes Coinbase’s request for SEC Chair Gary Gensler‘s internal communications in their ongoing legal battle. In the most recent development in the ongoing legal dispute between the US Securities and Exchange Commission (SEC) and the American exchange Coinbase, the regulator has once again challenged what it considers to be an extraneous discovery request […]
Hackers Steal $12 Million in ETH and USDC from Ronin Network
The Ronin Network suffered a $12 million Ethereum and USDC theft, following a previous $600 million hack in March 2022. The blockchain bridge has been reportedly hacked, dealing a substantial setback to the Ronin Network. It has led to the seizure of approximately $12 million in USD Coin (USDC) and Ethereum (ETH). The Ronin bridge […]
Islamic State Seeks Sharia-Compliant Crypto for Funding
A UN report reveals that the Islamic State is pushing for Sharia-compliant cryptocurrency to fund its terrorist activities. A new report has revealed that the Islamic State (IS) group is now advocating for the use of cryptocurrency to support its terrorist operations, provided that it adheres to the principles of Sharia law. This was a […]