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Hacker steals $27 million in BigONE exchange crypto breach

Cryptocurrency exchange BigONE disclosed that hackers stole various digital assets valued at $27 million in an attack yesterday. The platform announced that private keys and user data remain unaffected by the intrusion and any customers that incurred losses will be reimbursed from available reserves. “In the early hours of July 16, BigONE detected abnormal movements involving a portion of the platform’s assets,” reads the announcement. “Upon investigation, it was confirmed to be the result of

The SEC Is Crashing the Digital Stocks Party

For years, the promise of blockchain technology has captivated the financial world, hinting at a future where traditional assets are transformed into nimble, digital “tokens.” This vision, as the U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce puts it, is “enchanting, but not magical.” She just sent a clear message to anyone hoping blockchain would free them from financial regulation: not so fast. Commissioner Peirce acknowledged the promise of tokenization, the process

Robinhood Wants to Redo Wall Street on the Blockchain

Robinhood, the company behind one of the most popular trading apps for everyday investors, just revealed a sweeping new vision for the future of finance. And its bold plan seems to leave traditional Wall Street institutions behind. The company announced a daring set of new products this week from Cannes, France. These offerings are designed to move traditional financial assets, like company stocks, investment funds (ETFs), and even complex trading tools called derivatives, entirely onto the blo

Ether and related stocks gain amid the latest crypto craze: Tokenization

A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023. Stocks tied to the price of ether , better known as ETH, were higher on Wednesday, reflecting renewed enthusiasm for the crypto asset amid a surge of interest in stablecoins and tokenization. BitMine Immersion Technologies , a bitcoin miner that announced plans this week to make ETH its primary treasury reserve asset, jumped about 20%. It's gained more than 1,000% since the an

Bitcoin rises, NYSE battles for Trump ETF, and crypto may be coming to mortgage next

The price of bitcoin rose again on Wednesday, reaching above $108,000 at an intraday high, as investors looked past the recent tensions in the Middle East and the stock market hovered near an all-time record. But the trading in cryptocurrencies was uneven, with ether and solana both slipping modestly in afternoon trading. Washington, D.C., figured in a major way in the latest crypto headlines. Fed Chair Jerome Powell spoke about crypto in his testimony before the Senate Banking Committee on W

Bitcoin briefly sinks below $99,000 as U.S. strikes on Iran trigger crypto market sell-off

Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets. Bitcoin dropped below the $99,000 mark on Sunday — its lowest point in more than a month — and ether was more than 10% lower at one point, as the digital asset market became the first to react to escalating geopolitical risk. Solana , XRP , and dogecoin also posted sharp losses, dragging the entire crypto complex deep int

TestFlight adds managed background assets, faster macOS app installs on Apple Silicon

Apple’s TestFlight app for distributing pre-release software has been updated with new features and performance gains. Apple released TestFlight version 3.9 today, introducing managed background asset testing and a speed boost for beta app installation on recent Macs. Introduction of managed background assets (self-hosted assets) and Apple-hosted background assets for testing Faster installation of macOS apps on Apple Silicon Stability improvements and bug fixes Apple announced Background A