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News (805)

Chainalysis: Blockchain Bridges Favorite Target of Hackers in H1 '22

More than $1.9 billion was ripped off as a result of “cross-chain hacks” in the front half of this year. So reports Forbes.

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Fintech Giant Ant’s Valuation Trimmed as Questions Over Company’s Direction Linger

Global investors indicated they may be losing faith in Ant Group as the fintech giant’s valuation was again trimmed by those who bought private shares prior to the company’s planned, and now suspended, initial public offering. So reports Bloomberg

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Covalto Heads to U.S. Bourse with Historic SPAC Acquisition

Covalto, a Mexican banking and digital services platform, will soon be listed on the Nasdaq stock exchange via a special purpose acquisition company. So reports Reuters.

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Gaming Dapps Thrive Amid Blockchain slide: Report

Blockchain-based gaming dapps accounted for 60% of all blockchain activity during July. So reports CoinDesk

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Amp Off Binance In U.S., But Still Available Globally

Binance.US is delisting Amp tokens in the wake of its classification by the U.S. Securities and Exchange Commission as an unregistered security. So reports Forbes.

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Bahrain Fintech Bay Partners with Israeli Consortium in New Fintech Deal

Israel and Bahrain, which normalized relations during the US-brokered 2020 Abraham Accords, are strengthening their relationship with a new fintech partnership. So reports the Times of Israel

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Earnity Adds Fintech Vet Don Kingsborough to Advisory Board

Social crypto platform Earnity is adding retail and fintech entrepreneur Don Kingsborough to its advisory board. So reports Yahoo! Finance.

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Blockchain.com to Shutter Argentina-based Offices in Layoff Plan

Cryptocurrency exchange Blockchain.com is planning to slash a quarter of its workforce. So reports CoinDesk

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Tesla Unloads Huge Amount of BTC: Update

After making a big splash by buying $1.5 billion worth of Bitcoin, Tesla has now sold most of those holdings. So reports the BBC.

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Brothers, Friend Charged in Historic Crypto Insider Trading Case

Two brothers and their friend were charged with wire fraud and conspiracy in what is being called the first insider trading case with respect to cryptocurrency in the U.S. So reports ABC News

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