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Indian cryptocurrency exchange WazirX suffered a major security breach, losing over $230 million in assets. The attack targeted a multisig wallet, leading to the unauthorized transfer of funds. Blockchain security firm Elliptic suggests North Korean hackers are likely behind the breach. Stolen assets include $100 million worth of Shiba Inu (SHIB) tokens and $52 million in Ethereum (ETH). The incident has raised concerns about t…
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VeWorld Wallet now supports Apple Pay for $VET purchases, thanks to its integration with Transak. This integration simplifies the process of buying $VET, making it more accessible to a wider audience. The move is part of VeChain’s strategy to promote mainstream adoption of cryptocurrencies. The integration with Apple Pay aligns VeChain with a globally recognized payment system, potentially opening new markets for the platform…
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Grayscale Investments introduces the Grayscale Decentralized AI Fund. The fund targets protocols building AI services, solutions to centralized AI problems, and critical infrastructure for AI development. The initial basket of tokens includes Bittensor, Filecoin, Livepeer, Near, and Render. As of July 16, 2024, the fund components and weightings were: Near (NEAR) at 32.99%, Filecoin (FIL) at 30.59%, Render (RNDR) at 24.86%, Livepe…
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HKMA - Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) has concluded its consultation on stablecoin regulation, proposing a new licensing regime for stablecoin issuers. The move aims to enhance regulatory oversight and ensure the stability and security of stablecoins in Hong Kong. Issuers of fiat-referenced stablecoins will be required to obtain a license from the HKMA, with specific requirements on reserve assets and monthly attestations. The p…
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Trump plans to release his fourth NFT collection, highlighting the success of his previous ventures. The former president has become more accepting of cryptocurrencies, citing their potential importance in the global economy. Trump’s evolving stance on crypto aligns with his broader political and business strategies. In an interview with Bloomberg Businessweek on Tuesday, Trump said he plans to launch another NFT collec…
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