Pareto has launched USP, a synthetic dollar backed by real-world private credit, aiming to connect institutional investors with Decentralized Finance (DeFi) opportunities. This move highlights the increasing integration of stablecoins within the financial sector.
Tag: Business
Pi Network Launches $100M Fund for Blockchain Startups: A Comprehensive Overview
Pi Network introduces Pi Network Ventures, a $100 million fund to invest in startups building on its blockchain, focusing on Web3, AI, and fintech applications to expand its ecosystem.
Coinbase Hit by $20M Extortion Attempt: Insider Phishing Attack and $400M Reimbursement Plan
Coinbase faces a potential $400 million bill after a phishing attack orchestrated by bribed overseas support agents compromised user data. The exchange refused to pay a $20 million ransom and instead offered a reward for the attackers’ capture. Learn about the details of the breach, Coinbase’s response, and the growing threat of social engineering scams in the crypto space.
Bitfarms Navigates $36M Net Loss, Strategically Pivots from Bitcoin Mining to AI Computing
Bitfarms reports a $36 million net loss in Q1 2024, prompting a strategic shift from Bitcoin mining to high-performance computing (HPC) for AI applications. Learn about the company’s challenges, strategies, and future outlook.
Democrats Request Suspicious Activity Reports on Trump’s Crypto Ventures
US Democrat lawmakers are seeking access to suspicious activity reports (SARs) related to Trump-backed crypto projects, including World Liberty Financial (WLF) and the TRUMP token, to investigate potential financial misconduct.
Sonic Labs Wins Judgment to Wind Up Multichain Foundation: Recovering $210M Hack Funds
A Singapore High Court has granted Sonic Labs’ motion to wind up the Multichain Foundation following a $210 million hack in 2023. Liquidators from KPMG will now attempt to recover and distribute funds to affected users.
VanEck Launches NODE ETF: Investing in the Onchain Economy
VanEck’s new Onchain Economy ETF (NODE) provides investors exposure to blockchain-based companies, excluding direct cryptocurrency holdings. Learn about NODE’s strategy, top holdings, and other recent ETF filings by VanEck.
South Korean Presidential Hopefuls Champion Bitcoin ETF Legalization: A Comprehensive Analysis
Leading South Korean presidential candidates are advocating for the legalization of Bitcoin ETFs, potentially mirroring Hong Kong’s move. This comprehensive analysis explores the candidates’ stances, potential regulatory changes, and the implications for South Korea’s crypto market.
Crypto’s Unsolved Mysteries: 5 Vanished Figures and Dubious Deaths
Explore five unsettling crypto cases involving disappearances, faked deaths, and unresolved mysteries that continue to intrigue and haunt the crypto world.
eXch Crypto Swapper: Rise, Fall, and Underground Activity After Bybit Hack
Explore the story of eXch, a crypto swapper favored by hackers like the Lazarus Group, its shutdown by German police following the Bybit hack, and evidence suggesting continued operations.