Crypto e-commerce store Bitrefill has revealed it was the victim of a cybersecurity attack on March 1, with the methods used closely resembling those of Lazarus Group, North Korea’s notorious hacking organization. In a post to X on Tuesday, Bitrefill said the hackers used malware, on-chain tracing, and reused IP and email infrastructure to compromise … Read more
In one of its first actions since signing a memorandum of understanding with the Commodity Futures Trading Commission (CFTC), the US Securities and Exchange Commission (SEC) said it would interpret how “non-security crypto assets” fall under federal securities laws. In a Tuesday notice, the SEC said its interpretation of how to address crypto assets would … Read more
Tether, issuer of the world’s largest stablecoin by market cap, USDT, has released a new AI training framework that it says allows large language models to be fine-tuned on consumer hardware, including smartphones and non-Nvidia GPUs. According to Tuesday’s announcement, the system, part of its QVAC platform, uses Microsoft’s BitNet architecture and LoRA techniques to … Read more
Crypto trading and investment company GSR has acquired advisory companies Autonomous and Architech in a $57 million deal to expand its services for tokenized projects, combining launch support, treasury management and capital markets infrastructure under one platform. The acquisition brings together Autonomous’s operational and financial services for token launches with Architech’s focus on token design … Read more
Mastercard has agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion, further expanding into blockchain-based payments. The deal includes up to $300 million in contingent payments and is intended to strengthen Mastercard’s ability to connect fiat payment rails with onchain transactions, the company said on Tuesday. “We expect … Read more
Bitcoin (BTC) could see further upside volatility as several technical and onchain indicators suggested the BTC price was due for a “powerful“ upward breakout. Key takeaways: Bitcoin’s Bollinger Bands indicator hints at major volatility ahead. BTC’s symmetrical triangle breakout targets $84,500. Heavy BTC accumulation by investors around $83,900-$85,200 could stop bulls. Bitcoin Bollinger Bands point … Read more
Texas-based apparel company Beba and crypto lobby group DeFi Education Fund have withdrawn a 2024 lawsuit against the US Securities and Exchange Commission (SEC) over its approach to airdrops, citing a recent shift in the regulator’s approach to crypto. Beba launched a free token airdrop in March 2024 and, together with the DeFi Education Fund, … Read more
The US Securities and Exchange Commission is pushing to clear up years of confusion over a key broker-dealer reporting rule that prevented certain assets from being quoted by broker-dealers on the over-the-counter (OTC) market. The SEC Rule 15c2-11 was first adopted in 1971, aimed at reducing fraud in the penny stock market. It requires broker-dealers … Read more
Nonfungible token marketplace OpenSea has postponed the launch of its native token SEA, initially slated for March 30, citing tough market conditions and it not being market-ready. “The reality is that market conditions are challenging across crypto right now, and $SEA only launches once,” OpenSea CEO Devin Finzer posted to X on Monday. Source: Devin … Read more
Key points: Sellers will attempt to halt the recovery at $74,508, but if buyers bulldoze their way through, the rally may reach $84,000. Select major altcoins have risen above their overhead resistance levels, signaling solid demand at lower levels. Bitcoin (BTC) rallied to $74,508 on Monday, a level that is a key near-term resistance. Crypto … Read more