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The Latest Breaking News from Crypto

Hackers targeting Solana steal millions of dollars worth of crypto tokens

At least $5 million worth of USDC, SOL, and other tokens were drained from thousands of user wallets, while the culprits remain at large.

Input

Why Qonetum Finance Foundation's Hybrid Decentralized Funding Platform Launch Is Important To Crypto

Qonetum Finance Foundation announced on Wednesday the launch of Post Dex Offerings, a decentralized fundraising model for existing crypto projects, creating a hybrid fundraising, strategic staking and liquidity mining alternative solution.

Benzinga

Hacking attack drains £5m from 8,000 wallets linked to Solana crypto network

Solana Foundation, supporter of blockchain network, says ‘malicious actor’ has taken funds

The Guardian - UK

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Australian investors left with nothing as cryptocurrency giant Celsius goes bankrupt

Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals.

ABC News

Crypto CEO steps down after bad Bitcoin bet to... focus on Bitcoin

Michael Saylor's transition within MicroStrategy comes after leaving a $918 million impairment charge in the company's books.

Input

Why Bitcoin Looks Geared Up For Another Bullish Move North

Bitcoin (CRYPTO: BTC) was trading about 2% higher at one point on Wednesday in continued consolidation after two bullish days on July 27 and July 28 saw the crypto soar up over 13% higher.

Benzinga

New crypto oversight legislation arrives as industry craters

A bipartisan group of senators has proposed a bill to regulate cryptocurrencies

The Independent UK

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TechScape: I’m no longer making predictions about cryptocurrency. Here’s why

If you’d bought or sold bitcoin every time I wrote about it over the last decade, how much would you have made? Let’s do the maths

The Guardian - UK

Robinhood sacks nearly one in four staff as retail investors leave the app

The firm’s app has seen an almost 2 million drop in regular users

Evening Standard

Zipmex allowing some altcoin withdrawals

Asia crypto exchange Zipmex Pte plans to allow users to withdraw some tokens from their trading accounts.

Bangkok Post

Are Bitcoin, Ethereum, Dogecoin Traders Losing Confidence? Analyst Says This Could Be The Start Of 'Good Times Returning'

Major coins traded lower Tuesday evening as the global cryptocurrency market cap fell 0.5% to $1.07 trillion at press time.

Benzinga

Trading platform Robinhood lays off nearly a quarter of staff as crypto drops

The news comes on the heels of a dire revenue report, with company shares taking a 3% tumble in extended trading

The Guardian - US

U.K. man begs to excavate landfill after tossing $184M in bitcoin

James Howells decided to throw away a hard drive back in 2013, and 8,000 bitcoin with it.

Input

Robinhood To Cut 23% Of Staff In Second Round Of Layoffs This Year

Robinhood Markets Inc. (NASDAQ: HOOD) CEO Vlad Tenev announced Tuesday in a press release the company is “reducing our headcount by approximately 23%.”

Benzinga

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Input

Hackers use copy-paste exploit to siphon nearly $200M from crypto company

Nomad, a blockchain transfer company, was the victim of a cascading hack that let users pillage its crypto wallet with a bit of copied and pasted code.

The Hindu

A turning point in crypto regulation, led by Europe

If GDPR marked a decisive moment in consumer data protection, MiCA could point to responsible crypto management

Input

Gucci is now accepting BAYC’s ApeCoin for in-store purchases

The Bored Ape Yacht Club's official cryptocurrency can now be used for your designer needs

Benzinga

Gucci To Accept Another Crypto For Payment, Hublot Joins Forces With BitPay

High-end luxury fashion brand Gucci announced on Tuesday on Twitter it now accepts payments in ApeCoin (CRYPTO: APE) and will be available for in-

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news in one place.

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The Times of India

ED probing crypto exchange WazirX for money laundering of Rs 2,790 crore

NEW DELHI: Minister of state for finance Pankaj Chaudhary on Tuesday said the Directorate of Enforcement is probing alleged money laundering of Rs 2,790 crore through crypto exchange WazirX.

Tribune News Service

‘Securities’ label in SEC insider case may have broad crypto impact

WASHINGTON — The Securities and Exchange Commission fired a warning shot at the cryptocurrency industry when it filed an insider trading case that declared several digital assets qualify as securities, according to those closely following the agency.

StockNews.com

1 Crypto Stock You'll Want to Sell, Liquidate or Avoid This Week

Cryptocurrency exchange Coinbase Global (COIN) has had a challenging year with accusations of insider trading against a former employee and an SEC probe on unregistered securities trading on its platform. The stock is down more than 75% year-to-date and could continue its downtrend given its weak financials and unfavorable analyst…

Benzinga

Benzinga Before The Bell: Instagram Head To Relocate To London, SEC Charges 11 for $300M Crypto Ponzi Scheme, Oracle's Layoffs And Other Top Financial Stories Tuesday, August 2

Reuters

Benzinga

Dogecoin Daily: Price Consolidation, 'Familiar' Crypto Market And More

Dogecoin (CRYPTO: DOGE) traded 4.3% lower at $0.07 in the early hours of Tuesday. DOGE declined in tandem with other major coins as the global cryptocurrency market cap fell 3.1% to $1.05 trillion at press time.

Roll Call

'Securities' label in SEC insider case may have broad crypto impact

The SEC fires a warning shot at the cryptocurrency industry with an insider trading case that says several digital assets are securities.

Asharq Al-Awsat

US Crypto Firm Nomad Hit by $190 Million Theft

US crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was "aware of the incident" and was currently investigating, without giving further details or…

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