CRYPTONEWS.CHIKOCORP.COM
Loading market data...

Source-backed coverage

CRYPTO NEWS ARCHIVE

Permanently retained stories with extracted source text and completed, source-grounded AI summaries.

  1. ALLCointelegraph

    BitMart to Wind Down Exchange as BMX Tanks

    BitMart announced it will wind down its cryptocurrency exchange, ending all trading services on August 26 and ceasing operations entirely by January 31, 2027, citing market conditions and strategic considerations (Cointelegraph). Following the shutdown announcement, the BMX token experienced a nearly 70% decline in value, falling to around $0.09464, and users reported withdrawal delays, with some requests pending for hours. The exchange has stopped accepting new user registrations and deposits, entered reduce-only mode for futures trading, and is conducting additional compliance reviews on withdrawal requests. Wallet data showed a decrease in crypto assets held by BitMart, down from approximately $102 million on July 6 to about $71 million on Sunday (Cointelegraph).

  2. ALLCointelegraph

    Binance ‘red teams’ its own staff every month to keep hackers out

    Binance conducts monthly simulated phishing attacks on its employees, carried out by its internal red team, to identify and improve security hygiene, according to Chief Security Officer Jimmy Su. Employees who repeatedly fail these tests may face remediation training or dismissal, as the company aims to reduce social engineering breaches, which are reported to be a major cause of industry incidents. Su highlighted that these exercises have been ongoing for three to four years, leading to significant improvements in security. The simulations include scenarios like fake job offers and malicious Zoom meetings, reflecting common attack methods in the industry. Employees' performance on these tests impacts their performance reviews, incentivizing vigilance.

  3. ALLCointelegraph

    Robinhood in Talks with Crypto.com over Prediction Markets: WSJ

    Robinhood is reportedly in talks with Crypto.com to expand its prediction markets offering by including yes-or-no event contracts supplied by Crypto.com, according to a Wall Street Journal report. The company's prediction markets hub was launched in March 2023, initially in partnership with Kalshi to meet US regulatory requirements, and later using ForecastEx and Rotella. This potential expansion comes shortly after Bernstein analysts raised Robinhood's price target from $130 to $160, citing prediction markets and tokenized equities as growth areas, with predicted revenues reaching $1.7 billion by 2028. However, many prediction market platforms in the US continue to face legal challenges from state and federal authorities, with the CFTC asserting exclusive jurisdiction over event contracts.

  4. ALLCointelegraph

    Bitcoin advocacy group to join US State Department’s ‘digital freedom’ program

    The US State Department has launched the Freedom Tech Excellence Program (FTEP) to advance diplomatic efforts on digital freedom and freedom of expression, involving private sector collaborations, including the Bitcoin Policy Institute (BPI), according to a Friday post on X. The BPI, established in 2021 as a non-partisan research and advocacy organization, will be a founding partner and will send employees to work alongside State Department officials to address issues like online freedom, privacy technologies, digital surveillance, and AI governance. Other partners include Palantir Technologies, Anduril Industries, and the Victims of Communism Memorial Foundation. The program aims to bring private sector expertise to promote digital rights globally, with the State Department emphasizing limited-term assignments.

  6. ALLCointelegraph

    Wise to Resubmit US Charter Application Under GENIUS Act

    Wise has announced its intention to resubmit a US national trust bank charter application under the GENIUS Act framework after the OCC denied its previous application, citing concerns over AML/CFT compliance and other illicit finance risks. The company plans to maintain its focus on payment stablecoins and cross-border transaction cost reduction, regardless of the application process. The GENIUS Act, enacted in July 2025, provides a framework for payment stablecoin providers, but regulators recently missed a deadline to issue final guidance for its implementation ahead of its January 2027 effective date. While the OCC has approved several digital asset companies for trust charters, Wise was denied due to compliance and risk concerns, according to the OCC.

  8. ALLCointelegraph

    North Korea Arrests Alleged Bank Hacking: Report

    According to Daily NK, North Korea has reportedly arrested a group of former state cyber operators accused of hacking two of the country's banks and laundering funds through cryptocurrency, with the individuals allegedly hacking North Korea’s central bank and the Foreign Trade Bank to convert stolen funds into crypto and launder them via China-based brokers. Cointelegraph notes that the report cannot be independently verified. If true, this would be a rare case of North Korean cyber operatives being accused of theft from their own government’s financial institutions, and North Korea is generally suspected of directing hacking groups to steal from crypto firms to circumvent sanctions. The report relies on anonymous sources within North Korea and highlights the difficulty of independently verifying information from the country.

  10. ALLCointelegraph

    Fidelity joins push for Senate passage of CLARITY Act

    Fidelity has called on the US Senate to pass the CLARITY Act, emphasizing the need for clear digital asset regulations to enhance investor confidence and reinforce US leadership in global crypto markets, according to the article by Cointelegraph. The company joins a coalition of financial firms and crypto organizations, including the Crypto Council for Innovation, the Digital Chamber, the Blockchain Association, and Coinbase CEO Brian Armstrong, who are all urging for legislation to establish a regulatory framework for digital assets in the US. The bill requires 60 votes to pass the Senate, where Republicans hold a 52-47 majority, but some Democrats have raised concerns about the ethics provisions in the updated bill text. Fidelity, ranked as the third-largest asset manager with $7.1 trillion in managed assets, supports the legislation to provide market certainty.

  11. DEFICointelegraph

    Dango’s perp DEX taps out nearly 4 months after launch

    Dango's perpetual decentralized exchange (DEX) on its Layer-1 blockchain will cease operations by halting trading on Wednesday and shutting down its network on August 13, citing reasons such as cash shortages, legal challenges, loss of team members, and broader market conditions, according to a Friday announcement. The platform launched its mainnet in January after raising $3.6 million and introduced its perpetual DEX in April, but suffered a $410,000 exploit shortly after launch, which was later returned by the attacker in exchange for a bug bounty. Dango’s total value locked decreased from approximately $4.5 million in May to about $1.6 million before the shutdown announcement, and its open interest was just under $391,000, considerably smaller than competitors like Hyperliquid, Aster, and Variational. The shutdown adds to a series of recent crypto platform closures, including BitMEX and others, which reflect increasing industry consolidation and regulatory pressures, as noted by restructuring adviser Roshan Dharia.

  12. ETHEREUMCointelegraph

    Vitalik Buterin shares priorities for new '

    Ethereum co-founder Vitalik Buterin has outlined priorities for the network's "Lean Ethereum" strawmap, including quantum resistance, scalability, and privacy, to be implemented over the next three to four years. He emphasized the importance of developing a quantum-safe solution, particularly for blobs, and making privacy a first-class goal. The plan involves significant upgrades affecting nearly every layer of Ethereum, with proposals for a new virtual machine such as leanISA or RISC-V to enhance scalability and programmable privacy. However, some critics, including Dankrad Feist and crypto analyst Ignas Fiodorovas, questioned whether the timeline is realistic, citing concerns about the foundation’s ability to meet deadlines.

  13. ETHEREUMCointelegraph

    Ethereum backers launch nonprofit to lead institutional adoption efforts

    Ethereum backers have launched an independent nonprofit called Ethereum Institutional, with support from companies like BitMine, SharpLink, and blockchain co-founder Joe Lubin, to facilitate institutional outreach and adoption. The organization aims to serve as a liaison for banks, asset managers, and financial institutions, providing education, standards development, research, and industry events as competition among blockchains increases. Despite recent declines in Ether’s price, Ethereum continues to dominate markets for stablecoins and tokenized real-world assets, holding nearly 58% of the tokenized RWA market and about half of the $311 billion stablecoin market. The launch comes amidst organizational changes within the Ethereum Foundation and the emergence of new independent entities focused on Ethereum’s long-term development.

  15. ALLCointelegraph

    EU authorities include HTX exchange in Russian sanctions

    The European Union has added cryptocurrency exchange HTX, formerly Huobi Global, to its list of 18 entities providing crypto-asset or payment services that significantly undermine EU sanctions against Russia, as part of measures related to the country’s actions in Ukraine. The EU's decision was made in response to Russia's ongoing war in Ukraine and aims to prevent entities from circumventing sanctions or facilitating financial support to Russia. HTX, which was already sanctioned by the UK in May for allegedly supporting Russia’s government, stated it prioritizes regulatory compliance and will monitor and adhere to applicable laws worldwide. The EU’s measures also include a ban on Belarusian nationals and residents owning or managing crypto exchanges under the MiCA framework.

  16. ALLCointelegraph

    Strive’s SATA Rebounds Toward Par as Samson Mow Says Bitcoin bottom Is In

    Strive’s SATA preferred shares have recovered from a June low of $83.30 to about $97, moving within roughly 3% of their $100 par value, according to Yahoo Finance data. The CEO of Jan3, Samson Mow, stated that this recovery, along with the uptick in Strategy’s STRC shares, could signal renewed confidence in preferred-share products used by Bitcoin treasury companies, which are part of an emerging "digital credit" segment. Mow also noted that recent actions by Bitcoin treasury companies to strengthen their balance sheets are contributing to restoring confidence in these products and suggested that as SATA approaches par, STRC may follow. He emphasized that improving performance of these preferred-share products indicates a broader shift in the Bitcoin treasury sector, where companies are refining their capital-raising strategies.

  17. ALLCointelegraph

    House Passes Bill on Lawmakers Using Insider Information for Stock Trading

    The US House of Representatives has approved the Stop Insider Trading Act with a 232-198 vote, aiming to prohibit members of Congress, their spouses, and dependents from purchasing publicly traded stocks, and sending the bill to the Senate for consideration. The bill includes penalties such as fines and disgorgement of profits for violations, with a requirement for lawmakers to provide seven days’ notice before selling stocks they already hold. Some Democrats, including Senator Elizabeth Warren, argue that the bill does not go far enough, as it allows lawmakers to continue owning and selling stocks, and she suggests Congress members should not own, buy, or sell stocks at all. The legislation was introduced alongside a bill targeting trading on prediction market platforms, with both bills proposing similar penalties for violations.

  18. ALLCointelegraph

    Crypto advocacy groups support CLARITY passage as ethics rules face pushback

    Crypto advocacy groups such as the Crypto Council for Innovation, Digital Chamber, and Blockchain Association have urged US Senate leaders to prioritize a vote on the Digital Asset Market Clarity (CLARITY) Act, which has already passed committees but requires 60 votes to move forward in the Senate. The bill, considered one of the most significant for the crypto industry, includes ethics provisions that some Democrats believe do not go far enough to prevent corruption, leading to political disagreements. Industry leaders like Coinbase CEO Brian Armstrong and DeFi platform chief legal officer Orest Gavryliak support the bill, emphasizing its potential to create a regulatory framework and improve consumer protections. If the Senate does not vote on the bill before the August recess, discussions may be delayed until late 2025 or early 2026, potentially complicating the legislative process.

  19. ALLCointelegraph

    India’s IFF Calls BitChat Git

    The Internet Freedom Foundation (IFF) in India has publicly criticized a government order for GitHub to remove repositories related to Jack Dorsey's decentralized messaging app BitChat, calling the action unconstitutional and a threat to free speech and open-source software, as stated in their statement on X. The order, issued by India's cybercrime agency under Section 79(3)(b) of the Information Technology Act, required GitHub to disable access to three repositories within three hours, citing concerns that BitChat could be used to bypass shutdowns, evade surveillance, or facilitate unlawful activities. IFF argued that the order exceeded legal authority because it was issued outside the country’s formal website-blocking process, which includes procedural safeguards, and noted that the order did not identify any unlawful content in the repositories. They also contested the government’s justification, emphasizing that BitChat’s decentralized, Bluetooth-based design inherently can enable secure communication during protests, disasters, or outages where internet access may be restricted. Since its July 2025 release, BitChat has gained popularity in countries experiencing unrest, natural disasters, or internet shutdowns,

  20. ALLCointelegraph

    Crypto Biz: Is the AI-to-crypto rotation underway?

    Crypto markets showed signs of renewed activity, with US spot Bitcoin ETFs experiencing their longest inflow streak since April, attracting approximately $930 million over six days, and the total assets reaching $80.9 billion. This increased demand coincided with a recovery in market sentiment and progress on US crypto legislation, as well as a cooling of AI momentum, with the Philadelphia Semiconductor Index falling over 20% from its recent high. Analysts noted that slowing enthusiasm for AI stocks and growing regulatory clarity may be contributing to a potential rotation of capital back into crypto assets. Additionally, Bitcoin and related stocks gained momentum, and AI infrastructure deals by Bitcoin miners highlighted a strategic shift towards data centers and cloud computing.

  21. ALLCointelegraph

    World Foundation Raises $52.5M to Expand World ID

    The World Foundation has raised $52.5 million through a sale of locked WLD tokens to strategic investors, with Pantera Capital leading the funding round, which also included Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto. The funds will be used to expand World ID, a biometric verification system designed to distinguish humans from AI agents, which generates digital credentials after biometric verification at a World Orb device. The organization highlighted that increasing demand for such systems is driven by the rise of AI-generated content and autonomous agents. The fundraising round's WLD tokens are subject to a 12-month lockup period, and the project has faced regulatory scrutiny in several jurisdictions over its biometric identity verification approach.