Category: crypto-news

The native token of Solana, SOL, surged 13% in 24 hours after Robinhood Crypto announced a new staking product in Europe and marginfi introduced Solana’s first Liquidity Layer. The current value of SOL is $162.36 with a 24-hour trading volume of $4.25 billion, representing an 80% increase. SOL is now ranked as the 5th largest…

Fidelity’s Wise Origin Bitcoin Fund (FBTC) was the top performer on May 15, with an inflow of $131 million, contributing to a total net inflow of $303 million in the spot Bitcoin exchange-traded fund (ETF) market. FBTC has outperformed major investment products like BlackRock’s iShares Trust Fund (IBIT) in recent times. The broader market saw…

Large investors are showing interest in Bitcoin, but analysts at CryptoQuant believe the growth has not accelerated enough for a sustainable rally. The price of Bitcoin reached $66,000 following news of low inflation in the U.S., resulting in minimal profit for short-term holders. Short-term holders are selling at zero profit, with traders experiencing losses on…

Aiden Pleterski, known as the ‘crypto king’ in Canada, has been charged with fraud and money laundering for his role in a $30 million Ponzi scheme along with his associate Colin Murphy. The duo raised $40 million from 160 investors, promising to invest in crypto and foreign exchange markets through AP Private Equity Limited. However,…

Coinbase is developing a new service to offer digital assets for Australia’s self-managed pensions sector, making up about a quarter of the country’s pension system. This service is designed for clients who prefer a one-time investment rather than regular transactions. The exchange’s managing director hinted at the new offering, but the rollout date is unknown.…

The Sonne Finance landing protocol was hacked for $20 million, with the attacker exploiting a vulnerability in the Compound platform. The team has suspended work on the Optimism network during the investigation and is willing to reward the hacker if the funds are returned. However, experts have reported that $7.8 million has already been withdrawn…

Robinhood has expanded its services to Europe by offering Solana-based services after delisting SOL in the U.S. due to regulatory concerns. European customers can now stake SOL tokens for up to 5% APY through the Robinhood application, marking the company’s first-ever crypto-staking offering. The platform is also rolling out localized versions in Italy, Poland, and…

The Worldcoin Foundation has introduced an open-source system on Github using secure multi-party computation (SMPC) to enhance security for sensitive biometric data collected during registration for the Worldcoin (WLD) project. This system aims to set a higher standard for data protection by distributing information across multiple locations. The foundation has migrated to this new system…

Binance has launched a spot copy trading feature that allows users to copy the strategies of experienced traders in the cryptocurrency market. Spot trading involves buying or selling crypto at current market prices, while futures trading often uses leverage. Users can copy the transactions of up to 10 traders simultaneously and will receive 10% of…

Account abstraction in Ethereum is being hailed as a game-changer for improving security and self-custody capabilities for users. Safe co-founder Richard Meissner praised the concept, stating that it will set a new security standard for blockchains and enhance user experience, particularly for those transitioning from traditional internet use to crypto. The ability for standard wallet…