Ronin bridge hack caused by error in upgrade deployment script Verichains

The upgrade deployment script failed to call an important initialization function, leaving the vote threshold at zero and allowing anyone to withdraw without signature.

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US House of Representatives to Vote on Controversial SAB 121 Bill

US House of Representatives votes on Senate Bill 121, affecting cryptocurrency industry, potentially restricting banks' management and causing concentration risk, requiring Democrats' support. (Read More)

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Ethereum co-founders reflect on 10-year anniversary EthCC

Ethereum co-founders Vitalik Buterin and Joseph Lubin reflect on the state of the network a decade after its creation.

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The Sandbox raises $20M at $1B valuation, promises to expand creator economy

During a period when major metaverse projects are struggling to gain traction following the bear market of 2022 to 2023, Sandbox announced that it has added over 330,000 unique creators.

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Upcoming House budget bill could restrict SECs funding for SAB 121

The House Appropriation budget may prevent the SEC from enforcing SAB 121, with a policy rider blocking fund use for the rule.

The post Upcoming House budget bill could restrict SEC’s funding for SAB 121 appeared first on Crypto Briefing.

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Biden Upholds SECs Crypto Regulation Guidelines Amid Industry Concerns

Preside­nt Joseph R. Biden Jr. has vetoe­d House Joint Resolution 109 (H.J.Res. 109). This re­solution sought to disapprove the Staff Accounting Bulletin No. 121 (SAB 121) of the­ U.S. Securities and Exchange Commission (SEC), which provides guidance on firms’ accounting practices for safe­guarding crypto-assets. Preside­nt Biden highlighted the importance­ of SAB 121 in his decision, […]

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Biden vetoes resolution overturning SECs controversial crypto guidance, says repeal would jeopardize consumers

President Biden vetoes bipartisan resolution to overturn SEC's controversial crypto accounting guidance, emphasizing the need for consumer and investor protection in the digital asset market.

The post Biden vetoes resolution overturning SEC’s controversial crypto guidance, says repeal would ‘jeopardize’ consumers appeared first on Crypto Briefing.

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Bitcoin privacy will survive despite CoinJoin closure zkSNACKs CEO

The impending closure of zkSNACKs CoinJoin service has been described as a setback for Bitcoin developers and privacy proponents.

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Bitcoin futures open interest reaches a 16-month high: $70,000 granted?

BTC derivatives show moderate bullishness, paving the way for further gains above $70,000.

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Enjin Legal Team Nominated for Top Honors at ALB Southeast Asia Law Awards

Learn more about Enjin's legal team's recognition at the ALB South East Asia Law Awards 2024.

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Biden may rethink SAB 121 vote veto due to political support for crypto

The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SECs SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congresss decision?

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US lawmaker urges SEC to repeal controversial crypto custody rule SAB 121

US lawmaker Wiley Nickel urges SEC to repeal SAB 121, arguing it hampers crypto growth and pushes investors offshore.

The post US lawmaker urges SEC to repeal controversial crypto custody rule SAB 121 appeared first on Crypto Briefing.

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Phoenix and Wasabi exit US market amid self-custody wallet crackdown

Recent regulatory action against Consensys and Samourai has instilled fear among other crypto service providers operating in the United States.

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How Market Makers are Sabotaging Cryptocurrency Projects with Covert Deals

Market makers, despite operating discreetly, are posing a significant threat to various cryptocurrency projects. These entities play a critical role in providing liquidity to the market, but their actions can result in negative consequences for projects in the long run. Market makers are professional traders or firms that create liquidity by simultaneously placing buy and [...]

The post How Market Makers are Sabotaging Cryptocurrency Projects with Covert Deals appeared first on Crypto Breaking News.

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Sablier Labs Secures $4.5M Seed Funding to Revolutionize Token Streaming

Sablier Labs announces a successful $4.5M seed funding round led by prominent crypto investors to enhance its innovative token distribution platform. (Read More)

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Bitcoin Mixers Used in $1.4B Bybit Hack: 88.87% of Funds Still Traceable

The Bybit CEO, Ben Zhou, gave an update regarding the investigation of the funds that were stolen in the recent hack that targeted the exchange. In an X post, Zhou provided some details about the investigation and stated that the hacker used Bitcoin mixers to cash out 500k Ether and about $1.4 billion in assets […]

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Is Trump Sabotaging the Crypto Market on Purpose?

Recently, there has been speculation in the crypto community that President Trump may be intentionally causing instability in the cryptocurrency market. This comes as a surprise to many, as his actions are usually not directly linked to the crypto space. However, with recent tweets and public statements regarding cryptocurrencies, some believe that Trump is using [...]

The post Is Trump Sabotaging the Crypto Market on Purpose? appeared first on Crypto Breaking News.

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Wasabi Wallet Releases Version 2.0.3, Adding Back Coin Control Amongst Other Updates

Users will once again be able to selectively spend their UTXOs via the Wasabi Wallet interface.

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How to Deal With Toxic Change In CoinJoins

Wasabi Wallet’s WabiSabi protocol is designed to eliminate change outputs from CoinJoins, better protecting Bitcoin users’ privacy. This is an opinion editorial by Thibaud Maréchal, ??a contributor to privacy-focused Bitcoin wallet project Wasabi Wallet. Much ink has been spilled on the privacy horrors of change outputs for Bitcoin. It is now widely understood that Bitcoin [...]

The post How to Deal With Toxic Change In CoinJoins appeared first on Crypto Breaking News.

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US lawmakers argue SEC accounting policy places crypto customers at risk

While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.

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