Two crypto-friendly US lawmakers want U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to clarify the regulator's position on airdrops. In a public letter sent to Gensler this week, Representatives Patrick McHenry (R-North Carolina) and Tom Emmer (R-Minnesota) argue that the SEC's regulatory approach inhibits decentralization in the crypto space.

Crypto-friendly digital bank Revolut is set to launch its own stablecoin, marking a significant expansion of its crypto offerings. This move positions Revolut alongside major players like Paypal, Ripple, and Bitgo in the highly competitive stablecoin market.

Louisiana's decision aligns with growing crypto-friendly policies across the United States.

Binance has witnessed a 40% increase in institutional and corporate investors joining its platform this year, CEO Richard Teng told CNBC during an interview at the Token2049 conference in Singapore.

Brazil's Federal Supreme Court banned X (formerly known as Twitter) on August 30, disrupting a crucial platform for crypto investors and causing widespread difficulties for Brazil's crypto community.

TL;DR CertiK Ventures has launched a $45 million investment plan to boost Web3 projects. CertiK has introduced free community security tools such as Token Scan and Wallet Scan. The company, valued at $2 billion, is backed by prominent investors including Goldman Sachs and Sequoia Capital.

Authorities have arrested two individuals involved in a sophisticated $243 million cryptocurrency heist targeting a Genesis creditor. What Happened: The arrests were made after an intensive investigation into a social engineering scheme carried out by a group of cybercriminals, which included compromising personal accounts and exploiting cryptocurrency platforms.

The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.

In a significant move, major crypto exchange Coinbase has announced new crypto listings on its platform. This development comes at a time when market sentiment is notably positive, with several cryptocurrencies posting significant gains on the 24-hour basis.

Discover three essential takeaways on market design for Web3 builders from a16z Crypto's latest insights, focusing on strategies for marketplaces, network effects, and token design.

Compared to the last bull cycle, the jobs market is slightly less abundant for candidates looking to enter the industry. But professionals with experience are as well-placed as ever, says Emily Landon, founder of The Crypto Recruiters.

UNKJD Soccer, a Web3 mobile soccer game, has announced a new partnership with global sports brand PUMA.

Hut 8 plans to deploy the model in the second quarter of 2025 through a 15 exahash per second hosting agreement.

Germany's second-largest bank, DZ Bank, has announced plans to offer its 700 cooperative banks access to cryptocurrency services. This significant move follows a partnership with Boerse Stuttgart Digital and underscores the growing interest in digital assets among traditional financial institutions.

In an incident that thrilled the digital finance world, three hackers; Greavys (Malone ), Wiz (Veer Chetal), and Box (Jeandiel ) successfully defrauded a single victim of $243 million, through the use of social engineering coupled with technical internet skills.

ZachXBT alleges that on Aug. 19, 2024, three alleged perpetrators stole 4064 BTC from a single unnamed individual.

The crypto market has flipped bullish this week. Investors are bullish about yesterday's interest rate cuts and the chance of a new bull run, so altcoins and meme tokens are in high demand. Crypto Market Flips Green After Fed Rate Decision Things are finally looking up for crypto traders.

Did the launch of spot crypto ETFs help bring crypto into the mainstream and encourage adoption - particularly by closing the gap between advisors and their clients?

Three individuals executed a sophisticated theft of $243 million in Bitcoin by using a social engineering attack.

Prediction markets are experiencing growth, with platforms like Polymarket advancing the sector. Castle Capital reported in its latest deep dive that these markets enable users to bet on future events using crypto, moving traditional gambling into a decentralized domain.

In the last year and nine months since December 2022, more than 75 million Ordinal inscriptions have been minted on the Bitcoin blockchain, according to the latest statistics. This technology has given Bitcoin a new role in the world of digital collectibles.

Chainlink co-founder Sergey Nazarov predicts that tokenized real-world assets (RWAs) will soon be more valuable than cryptocurrencies. He points to the increasing involvement of traditional finance in decentralized finance, driven by a growing interest in tokenization.

Crypto.com can now offer payment services in Bahrain after the Central Bank approved its local subsidiary

The arrests and asset freezes highlight the growing effectiveness of international cooperation in combating sophisticated crypto crimes. The post Massive $243 million crypto heist ends with multiple arrests and asset frozen appeared first on Crypto Briefing.

Maestro's advanced features and broad network support could democratize crypto trading, making it more accessible and secure for a global audience. The post Maestro – Your one-stop solution for seamless crypto trading appeared first on Crypto Briefing.

Los Angeles law enforcement arrested at least two persons involved in a $243 million social engineering attack launched against a lone Genesis creditor.

Base network saw over 34,000 high-risk vulnerabilities in its smart contracts, including malicious boolean checks and library tampering, according to new data.

TL;DR Blum has attracted more than six million new users each week, reaching a total of over 60 million active users and 4.8 million Twitter followers. Blum's airdrop is expected to take place in October 2024, although the lack of official announcements has caused concern within the community.

Binance CEO Richard Teng emphasizes the urgent need for Tigran Gambaryan's release. The exchange will not comply with Nigeria's digital asset regulations until Tigran Gambaryan is released from custody.

A man in Komsomolsk-on-Amur, a city in Russia's Far East, has been arrested on suspicion of high treason for allegedly sending cryptocurrency to Ukraine's military forces.

FTX's distribution of creditor funds is still expected to start in Q4. The earliest stage of the process is just weeks away, with $16B of crypto assets set to be released back into circulation.

This service helps developers easily connect to blockchain data without having to deal with the hassle of managing node infrastructure. RPC is crucial because it's how blockchain apps communicate and get data.

On-chain sleuth ZachXBT has detailed how a trio of hackers made off with over $240 million in crypto.

Popular crypto analyst Moustache, the altcoin market may soon experience significant volatility. His recent analysis suggests that altcoins could see an explosive move, deviating from the current sideways trend. Drawing comparisons to the bull runs of 2017 and 2021, Moustache suggests that a significant change in the market is approaching.

Two Republican Congress members are seeking clarification from the Securities and Exchange Commission (SEC) regarding the regulation of airdrops.

Hut 8's partnership with BITMAIN could significantly enhance data center scalability and efficiency, impacting the broader Bitcoin mining industry. The post Hut 8 partners with BITMAIN to launch new ASIC miner with direct chip cooling appeared first on Crypto Briefing.

Two people have been arrested following an investigation into a $243 million heist of a creditor of defunct trading firm Genesis, according to blockchain sleuth ZachXBT.

Three individuals executed a $243 million crypto theft from a single Genesis creditor in August, employing advanced social engineering tactics, according to blockchain investigator ZachXBT. The perpetrators, identified as Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano), orchestrated a multi-step attack that compromised the victim's personal and exchange accounts.

Stablecoin issuers are now among the largest holders of U.S. treasuries alongside sovereign nations like Saudi Arabia and South Korea.

Goldman Sachs-backed blockchain infrastructure provider Blockdaemon is reportedly considering a public listing in 2026. The company, valued at approximately $3.3 billion, is closely monitoring market conditions, particularly in the US and Asia-Pacific (APAC) regions, before making a final decision on its Initial Public Offering (IPO).

Crypto sports sponsorship is cautiously rebounding in 2024, signaling a modest revival from the downturn following the boom in 2021. Despite these signs of recovery, the sector still falls short of reaching the highs witnessed during the peak year.

The partnership will bring cryptocurrency trading and custody solutions to around 700 cooperative banks, with an initial rollout planned for late 2024.

Coinbase has reportedly agreed to a demand for a discovery deadline extension requested by the US SEC.

AVAX jumped 12.5% and APT rose 9.9%, leading the gainers.

Cryptocurrencies for everyone: DZ Bank extends digital services to selected retail clients

Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.

Vishal Sacheendran, Binance's Head of Regional Markets, stated that the upcoming U.S. presidential election is unlikely to significantly influence global regulations surrounding crypto.

OKX has rethought the strategy in three major areas; the look and tech aspects of its application, its approach toward regulation and expansion, and its brand strategy as the primary partner of McLaren Formula 1 Team, OKX CMO Haider Rafique told CoinDesk in an interview.