US Justice Department Launches Probe Into Coinbase Breach

The US Justice Department has opened an investigation into a recent security breach at Coinbase Global. Bloomberg reported Monday that the probe focuses on how cybercriminals bribed employees and contractors in India to steal sensitive customer data, which was then used in an extortion attempt. The investigation is being led by the department’s criminal division…

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Bitcoin Briefly Surpasses $106K Before Pullback, Analyst Sees Stable Momentum

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…

Ethereum Price Flashes Bullish Signal, But Can It Power Through Obstacles?

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este…

Cardano’s Hoskinson denies ADA misappropriation allegations, calls them deeply personal and damaging

Cardano founder Charles Hoskinson expanded his response to allegations that Input Output Global (IOG) misappropriated over 318 million ADA from unredeemed pre-sale wallets, calling the situation deeply personal and damaging. In a May 18 post on X, Hoskinson reflected on the reputational toll of the allegations, noting that the incident has reshaped his view of…

CME XRP futures debut hits $15M in daily volume, fueling hope for ETF approval

XRP futures contracts began trading on CME Group’s derivatives platform on May 19, surpassing $15,6 million in trading volume as of 9:20 P.M. UTC across standard and micro contract offerings.  According to CME data, 120 standard XRP contracts traded at an average price of $2.3965, representing approximately $14.3 million in notional volume. Each contract equates…

South Korean Experts Warn Seoul of Mounting ‘Stablecoin Danger’

Leading legal and financial experts have cautioned political leaders that stablecoin adoption plans pose a danger to the South Korean economy. Per the newspaper Chungnyun Ilbo, experts say that US dollar-based stablecoins could have an impact on exchange rates and fiat currencies. Stablecoin Danger for South Korean Economy? The comments came at a digital assets-themed…

The FKI Tower Conference Center in Yeouido, Seoul, South Korea.

Coinbase Confirms DOJ Investigation Following Major Security Incident

The US Department of Justice (DOJ) has initiated an investigation into a significant security breach at Coinbase, the largest US-based cryptocurrency exchange.  According to sources familiar with the matter cited by Bloomberg, the DOJ’s criminal division in Washington is examining the circumstances surrounding the breach, which has raised serious concerns about cybersecurity within the crypto…

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Roman Storm’s Defense Team Accuses U.S. Government Of Withholding Key Exculpatory Evidence

The defense team of Tornado Cash developer, Roman Storm, is accusing prosecutors from the U.S. federal government of withholding key evidence that could see the crypto founder set free in a new letter to U.S. District Judge Katherine Polk Failla on Friday. Exculpatory Evidence Discovered, Lawyers for Roman Storm Say According to Storm’s counsel, the…

Bitcoin realized cap hits $906B, hints at new all-time high despite today’s pullback

Bitcoin’s realized capitalization has reached a new peak of $906 billion, marking its fourth consecutive weekly high, per CryptoQuant’s data. Unlike traditional market cap, which multiplies current price by circulating supply, realized market capitalization calculates the value of each coin at its last transaction price. This offers a clearer view of capital committed to the…