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Legal Claims Over North Korean Hacks Spark Asset Recovery Dispute
A specialized US law firm is attempting to seize millions in frozen cryptocurrency assets linked to North Korean cyber activities, citing a decade-old judgment. While these legal actions target funds associated with the…
A16z Crypto Executive: The Term "Stablecoin" May Become Outdated
The evolution of digital assets is challenging traditional terminology within the blockchain industry. Robert Hackett, the head of special projects at a16z Crypto, recently suggested that the term "stablecoin" may be lo…
Bitwise to Liquidate BTOP and BWEB ETFs: Key Dates for Investors
The prominent crypto asset management firm Bitwise has officially announced the upcoming closure and liquidation of two specialized exchange-traded funds (ETFs). The decision affects the Bitwise Trendwise BTC/ETH and Tr…
Fun Secures $10 Million Series A to Scale Crypto Exchange Services
The cryptocurrency infrastructure startup Fun has officially announced the successful completion of its Series A funding round, raising a total of $10 million. The investment round, which concluded in January 2024 but w…
Rapper Lil Zay Osama Indicted Over Crypto Home Invasion Robbery
Federal authorities have indicted Chicago rapper Lil Zay Osama (Isaiah Dukes) and five other individuals in connection with a violent cryptocurrency-related home invasion. The charges, which include robbery and kidnappi…
Former Huobi Manager Acquitted of All Charges in Hong Kong Court
A High Court jury in Hong Kong has delivered a unanimous verdict of not guilty for Chen Boliang, a former senior manager at Huobi Group, regarding allegations of illicit trading activities. The defendant faced a total o…
DeFi Industry Leaders Urge SEC to Clarify Non-Custodial Regulations
A coalition of prominent decentralized finance (DeFi) organizations and venture capital firms has formally submitted a joint letter to the U.S. Securities and Exchange Commission (SEC). The group, which includes the DeF…
MioLab macOS Malware Targets Ledger and Trezor Hardware Wallets
Security researchers have identified a sophisticated Malware-as-a-Service (MaaS) platform named MioLab specifically designed to compromise macOS users and siphon cryptocurrency assets. According to an alert issued by Sl…
BIS Warns Crypto Exchanges Are Operating as Unregulated Shadow Banks
The Bank for International Settlements (BIS) has issued a comprehensive research report characterizing cryptocurrency exchanges as emerging "shadow banks." According to the financial institution, these digital asset pla…
Japan’s FSA Proposes Strict New Crypto Shift to Financial Act
The Japanese Financial Services Agency (FSA) has officially disclosed a legislative framework intended to transition the regulation of cryptocurrencies from the Payment Services Act to the more stringent Financial Instr…