sec SEC Sues Kik Over Unregistered $100 Million Cryptocurrency Sale U.S. regulators file a lawsuit against messaging app Kik for conducting an illegal $100 million token sale without proper registration. The agency claims the company marketed the tokens as an investment rather than a functional currency.
ethereum Ethereum Community Shifts From Crypto Winter to Crypto Weirder NYC Blockchain Week kicks off with the Ethereal conference, showcasing a bizarre mix of utopian art projects and serious decentralized finance initiatives. The Ethereum ecosystem now attracts both starry-eyed idealists and hard-headed financial professionals.
binance Binance Hackers Steal $40 Million in Bitcoin from Major Crypto Exchange Hackers steal over $40 million in bitcoin from Binance after bypassing existing security checks with a highly coordinated attack. The exchange covers all user losses through its secure fund while it investigates the breach.
facebook Facebook Pivots to Privacy to Build a Global Commerce Super App Despite relying on ad revenue from its News Feed, Facebook shifts its focus toward private, encrypted messaging and e-commerce. The company aims to transform Messenger into a WeChat-like super app that dominates global transactions.
darknet Authorities Dismantle Wall Street Market in Joint Darknet Sting European and US law enforcement shut down the major darknet drug emporium Wall Street Market and arrest its three alleged German operators. The bust follows a failed exit scam that ultimately provides investigators with the crucial evidence needed to dismantle the anonymity-obsessed network.
bitcoin Mueller Report Reveals Russian Efforts To Use Bitcoin For Election Interference The Mueller report shows Russian agents use Bitcoin to fund their 2016 election interference efforts through anonymous online accounts. The findings highlight the growing challenges cryptocurrencies pose to law enforcement tracking illicit financial activities.
facebook Facebook's Cryptocurrency Faces Familiar Adoption Hurdles Facebook plans to launch a WhatsApp-based stablecoin cryptocurrency later this year, but the company's history of failed virtual currencies raises doubts. The true value of this blockchain-based payment system remains highly questionable unless it offers unprecedented privacy features.
brd Crypto Wallet BRD Secures $15M to Expand Into Asian Markets Mobile cryptocurrency wallet BRD raises $15 million in a Series B round led by SBI Crypto Investment to fund team growth and Asian expansion. The company currently boasts 1.8 million global users and $6 billion in stored digital assets.
bitcoin Why Crypto Needs People More Than Pure Code Despite the belief that cryptocurrency eliminates human fallibility, the human "social layer" is actually the strongest defense mechanism for blockchain networks. User demographics and ideologies ultimately determine a network's direction and resilience.
coinbase Coinbase Freezes Ethereum Classic Trading Amid Suspected 51 Percent Attack Coinbase pauses all Ethereum Classic trading after detecting a deep chain reorganization that results in double spending. The exchange freezes customer funds while the crypto community investigates the exact cause of the network tampering.