The cross-chain interoperability solution of the Nervos Network, called Force Bridge, seems to have experienced a serious security problem that led to the theft of about $3 million worth of digital assets. The event, first pointed out by the on-chain security platform Cyvers Alerts, has led to an urgent investigation and the halting of Force … Read more
Fintech giant Revolut appears to be gearing up for a move into the crypto derivatives market as a new job posting hints at plans to build the business from scratch. A recent listing for a “General Manager (Crypto Derivatives)” role shows that Revolut is actively recruiting in London, Barcelona and Dubai. The position would oversee … Read more
Insurance companies are considering the launch of kidnap and ransom policies aimed at wealthy cryptocurrency holders, driven by increasing concerns over kidnappings of crypto entrepreneurs. K&R Insurance for Crypto Holders U.S. insurance companies are reportedly contemplating launching products specifically for wealthy cryptocurrency holders. The insurers hope these products, known as “kidnap and ransom (K&R) policies,” … Read more
Australia has implemented stringent new regulations for crypto ATM operators to combat scams and strengthen anti-money laundering (AML) measures. The updated framework introduces a cash transaction limit of 5,000 AUD and mandates enhanced customer verification and scam warnings at crypto ATM locations. AUSTRAC CEO Brendan Thomas emphasized that these measures aim to protect consumers and … Read more
Key Takeaways Coinbase delayed public disclosure of a data breach involving TaskUs until May, despite being aware since January. The breach was linked to a TaskUs employee leaking customer data in exchange for bribes. Crypto exchange Coinbase was aware of a customer data leak at its outsourcing partner, TaskUs, as early as January, months before … Read more
Key Points: JPMorgan’s Dimon suggests prioritizing defense over Bitcoin. Focus on military assets vs. digital reserves. Comments resonate amid geopolitical tensions. Jamie Dimon, CEO of JPMorgan Chase, urged the U.S. to prioritize military resources over Bitcoin at the Reagan National Economic Forum in California. The comments highlight Dimon’s skepticism towards cryptocurrency and align with his … Read more
Robinhood has finalized its strategic $200 million acquisition of Bitstamp, the world’s longest-running cryptocurrency exchange, marking a significant expansion into global institutional markets. This acquisition grants Robinhood access to over 50 active licenses across critical jurisdictions, enhancing its ability to serve both retail and institutional clients worldwide. According to Johann Kerbrat, General Manager of Robinhood … Read more
ConSensys has acquired the crypto wallet infrastructure provider Web3Auth, which it says will bolster the user experience for its popular crypto wallet offering MetaMask. ConSensys said in a June 2 blog post that the acquisition, which it did not share further details on, “will greatly improve MetaMask user experience by addressing one of the biggest … Read more
Cryptocurrency exchange MEXC reported a significant 200% increase in coordinated fraudulent trading activity in the first quarter of 2025. Most fraudulent activity is concentrated in Asia, with India accounting for nearly 27,000 or 33% of flagged accounts. Fraudulent Activity Concentrated in Asia Cryptocurrency exchange MEXC reported a sharp, 200% increase in coordinated fraudulent trading activity … Read more
Key Points: The Solana Foundation and Dubai VARA sign an MoU for crypto development support. Focuses on talent, economic data, and fostering Dubai’s Solana Economic Zone. Market and developer sentiment remains positive with potential long-term benefits. The Solana Foundation and Dubai’s Virtual Asset Regulatory Authority (VARA) announced a Memorandum of Understanding on June 3, 2025. … Read more