Circle and Tether have frozen stablecoins in a wallet linked to Thursday’s $351.6 million Bitget hack, though the amount is a small fraction of the total. Circle blacklisted the address, which Etherscan labels “Bitget Exploiter 8,” at 05:00 UTC Friday, onchain data shows. The wallet… Read More
BitBay became Zondacrypto in 2021. The exchange stopped trading in April after customers faced frozen withdrawals and estimated losses of at least $94 million.
Crypto executives say new blockchain payment infrastructure could make Swift obsolete. Bankers say its 11,500-institution network gives it the power to absorb the technology instead.
Banking giant UBS, with over $7 trillion in assets under management, has reported a more than 24-fold quarterly increase in call option exposure tied to BlackRock’s iShares Bitcoin Trust (IBIT) in the second quarter. That increase, which gives it the right to acquire IBIT shares… Read More
“By doing so, Samsung Wallet becomes the foundation for an interconnected financial ecosystem across Galaxy devices and services — where it combines payments, rewards, and digital assets into a single unified experience,” he said. If it follows through, over 800 million would potentially have access… Read More
Crypto lender Ledn says the consumer bitcoin-backed loan market could grow nearly 300-fold to as much as $1 trillion within the next decade, as demand for borrowing against digital assets far outpaces actual usage. The forecast accompanied new research conducted by consumer insights firm Protocol… Read More
