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Byte Federal, a leading Bitcoin ATM operator in the U.S., has confirmed a major breach that exposed the sensitive data of 58,000 customers. The company operates over 1,200 Bitcoin ATMs across the U.S., offering customers an accessible way to trade cryptocurrencies. Bitcoin ATM Operator Confirms Security Vulnerability Impacting Thousands In a report to Maine’s attorney…

AMP, one of Australia’s leading superannuation funds, has allocated $27 million of its portfolio to Bitcoin, making it the first major super fund in the $4 trillion retirement savings sector to embrace the often-volatile cryptocurrency market. AMP’s move into the digital asset sector comes despite the critical views from several quarters, including the Reserve Bank…

A California court has fined five individuals involved in IcomTech’s fraudulent Bitcoin Ponzi scheme $5 million. The court ruling, announced on December 11, 2024, found the defendants guilty of fraud and misappropriation of funds through a fake cryptocurrency trading operation. Ruling Targets Five Defendants The ruling targets David Carmona, Juan Arellano Parra, Moses Valdez, and…

Layer-1 blockchain peaq has launched the first version of its DePIN Enterprise Adoption Program together with several major partners. According to the press release shared with Cryptonews, the novel program aims to enable enterprises to adopt a decentralized physical infrastructure network (DePIN). Everything about peaq is designed to make it the best possible home for…

Austrian crypto trading platform Bitpanda has unveiled its latest trading tool dubbed “Fusion” designed for high-volume traders. Bitpanda said Fusion aggregates price data from major cryptocurrency exchanges, market makers, and liquidity providers, allowing users to buy and sell prices without the hassle of manually comparing multiple platforms. Liquidity and Efficiency According to the firm, one…

India’s Chief Economic Advisor (CEA), Anantha Nageswaran, has urged regulators not to hinder innovations in the crypto and gaming sector. Speaking at the 2024 Global Economic Policy Forum on Wednesday, Nageswaran stressed the importance of regulatory transparency. He also advocated to strike a balance between fostering innovation and addressing social costs. “In a country with…

Bitcoin is trading at $100,898, reflecting a slight 0.27% decline on Thursday but maintaining its position above the critical $100,000 level. The cryptocurrency recently surged to $101,413.74 following the release of U.S. November inflation data. The CoinDesk 20 index revealed a 6% growth across the cryptocurrency market, with Bitcoin and Ethereum recording gains of 5%….

Ethereum (ETH) could be on the brink of a rally, with the $5,000 mark within reach, driven by strong supply-demand dynamics and growing network activity, according to analysis from CryptoQuant. There are several factors contributing to this bullish outlook. Record-High Demand via Spot ETFs The report highlights investor demand for Ethereum has risen, evidenced by…

A Senate committee vote on the re-nomination of Democratic Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been postponed. Originally scheduled for December 11 as part of a U.S. Senate Banking Committee hearing, the vote was delayed just minutes before it was due to begin, according to a report from Bloomberg. Senate…

Crypto exchange Kraken’s Australian arm is facing an AU$8 million (US$5.1 million) fine from the country’s corporate watchdog. The Australian Securities and Investments Commission (ASIC) has imposed a hefty fine on Kraken for “unlawfully” offering a credit facility to over 1000 Australians. Kraken, which operated under Bit Trade in Australia, had issued a ‘margin extension’…