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Kraken has successfully closed a $500 million funding round, valuing the cryptocurrency exchange at $15 billion. This funding round, which included investment managers, venture capitalists, and co-CEO Arjun Sethi, sets the stage for a long-anticipated IPO expected next year. The significant growth in revenue, amounting to $411 million and nearly

Hypervault Finance has suffered an alarming breach, resulting in $3.6 million being transferred to the crypto mixer Tornado Cash in what has been described as an 'abnormal withdrawal.' The funds were first moved to the Ethereum chain before being sent to Tornado Cash, as reported by blockchain

The cryptocurrency market faced turbulence as President Trump's announcement of higher tariffs on imports, including pharmaceuticals and trucks, spooked investors. The CoinDesk 20 Index dropped 5%, while market leaders like Bitcoin and Ethereum fell nearly 2%. The downturn was compounded by a stronger dollar influenced by U.S.

Blockchain analytics firm Elliptic reported that pig butchering scams have evolved into a multibillion-dollar global industry. This type of fraud, which involves grooming victims into sending money for fake crypto investment schemes, utilizes sophisticated methods to launder stolen funds. Scammers frequently consolidate victims' deposits into self-hosted wallets and employ

Aster, a decentralized exchange, has refunded users who incurred losses from unusual price fluctuations of the XPL token. These price movements resulted from a fault linked to a hardcoded index price and a capped mark price, which, when rectified, caused XPL's value to surge. The Aster token subsequently

UK Finance has initiated a pilot project for tokenized sterling deposits (GBTD) in partnership with six major banks, including Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander. The aim of this pilot is to create a digital representation of conventional pound sterling deposits, enhancing control over payments, reducing fraud,