The Democratic People’s Republic of Korea (DPRK)-backed hackers have stolen at least $659 million in 2024 through various crypto heists. The USA, Japan and South Korea released a joint statement Tuesday, detailing North Korea-linked crypto thefts and their targeted entities.…
Bitcoin and Ether options trading platform Deribit is reportedly working with a financial adviser to explore strategic acquisition opportunities. The platform has received acquisition offers from interested investors, a Bloomberg report noted. Deribit has hired Financial Technology Partners (FT Partners)…
Osprey Funds, an investment management firm based in Fairfield, Connecticut, has announced its intention to convert the Osprey Bitcoin Trust (OBTC) into a spot Bitcoin exchange-traded fund (ETF). The decision follows the termination of a deal for Bitwise Asset Management…
A Russian diamond mining firm employee has been jailed for sending crypto to the Ukrainian army. According to the Russian newspaper Izvestia, the unnamed individual was sent to a maximum security penal colony for “providing financial assistance to a Ukrainian…
The Bank of England has announced the launch of the Digital Pound Lab, a new initiative to experiment with potential applications and technical frameworks for a central bank digital currency (CBDC). According to a recent report by the UK’s central…
The South Korean crypto exchange Bithumb has signed a banking partnership with Kookmin (KB), one of the biggest financial providers in the country. Experts say the deal represents a “tectonic shift” in the domestic traditional finance and crypto sectors. Whereas…
Bison, a cryptocurrency trading platform owned by the Boerse Stuttgart Group, announced on Jan. 13 that Deutsche Bank has become its banking partner. This collaboration aligns with Bison’s multi-banking strategy, enabling Deutsche Bank to safeguard the euro balances of Bison’s…
As U.S. President-elect Donald Trump prepares to return to the White House on January 20, his first day in office could be marked by executive actions that may significantly impact the cryptocurrency industry. According to a report by The Washington…
Banca Intesa Sanpaolo, Italy’s largest bank by assets, purchased 11 Bitcoins on Monday, worth €1 million ($1.02 million). According to a Wired Italia report, this marks the first time in Italy, a credit institution concluded a direct crypto transaction. Some…
Sygnum, a crypto bank based in Switzerland and Singapore, has secured $58 million in an oversubscribed strategic growth funding round, propelling its valuation past the $1 billion mark and earning it the prestigious Unicorn status. The cornerstone investor for the…