Crypto News
Latest Crypto News
JPMorgan Is Cautious About Crypto Markets Into 2024
While there has been some improvement in decentralized finance (DeFi) activity, the “biggest disappointment continues to be the inability of DeFi to encroach into the traditional financial system, which is necessary for the crypto ecosystem to transition from crypto native to real world applications,” the report added. Source link
Qredo Closes Crypto Exchange Ankex, CEO Michael Moro Leaves
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Cronos, Partner of Crypto.com, to Start Layer 2 Network With Matter Labs
“The Cronos zkEVM testnet represents an opportunity for Cronos Labs and our partners, including VVS, Fulcrom and Veno, to experiment with ZK layer 2 technology in order to prepare the next phase of growth starting in 2024,” Ken Timsit, managing director of Cronos Labs, said in a press release seen by CoinDesk. Source link
Crypto Firm SafeMoon Files for Chapter 7 Bankruptcy, SFM Plunges 42%
The firm’s executives were arrested last month on multiple charges. Source link
Member of Parliament Calls for the UK Government to do More for Blockchain
“Now, I want to see the U.K. doing more to harness the power of blockchain technologies, to be that leader, to mark that step change because it’s vital that industry and policymakers work together to advance understanding and the application of the technologies,” Elphicke said at an event in London hosted by the All Party…
Deutsche Bank-Backed Taurus Starts Tokenizing German SME Loans
Teylor, which offers loans between 100,000 euros ($109,000) up to 1.5 million euros ($1.6 million) to Germany’s vibrant Mittelstand economy, is backed by investors like U.K. bank Barclays (BARC). The fintech firm offered just shy of $25 million of loans last month, its CEO Patrick Stäuble said in an interview. Source link
Ledger Exploit Drained $484K, Upended DeFi; Former Staffer Linked to Malicious Code
Although Ledger has updated its own code, Ido Ben-Natan, the CEO of blockchain security firm Blockaid told CoinDesk in a Telegram message that “many websites are still affected and users are getting hit.” For the risk to be completely mitigated, every protocol using Ledger’s Connect Kit has to manually update their version of the library….
Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.
The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes. Source link
What Advisors Need to Know
In recent years, however, many advisors have incorporated these asset classes into portfolios as investors seek broader exposure, non-correlated investments, and a potential for higher returns. This shift reflects a recognition of these asset classes’ benefits and a willingness to explore more diverse investment options. Source link
What We Know About the Massive Ledger Hack
It’s not yet known how many decentralized apps (dapps) were/are affected, or how much money has been lost. Anecdotal reports on social media suggest the exploit is widespread. Blockaid, a blockchain security firm, said upwards of $150,000 in crypto had been lost due to this unique “supply chain attack” on Ledger’s Connect Kit, which is…