• Hack & Scam

    VC Firm A16z Argues Zk Proof Can Protect Privacy & Beat Malicious Actors

    August 25, 2025 - By 

    A report by the esteemed VC firm a16z  states that zero-knowledge proofs (ZK-proofs) and other cryptographic techniques can be used to protect individual privacy while also helping law enforcement combat bad actors in the crypto space The report was authored by a16z partners Aiden Slaven and regulatory counsel David Sverdlov and published just weeks after Roman Storm was found guilty of conspiracy to operate an unlicensed money transmitting business. How ZK-Proofs Work to Balance Privacy and Law Enforcement? Law enforcement and prosecutors argued in the Tornado Cash case that mixing services, which obscure the origin and destination of funds, facilitate criminal activity by allowing bad actors…

  • Uncategorized

    U.S. Treasury Explores Digital ID for DeFi as part of GENIUS Act

    August 18, 2025 - By 

    The U.S. Treasury is exploring the possibility of adding digital identity verification to decentralized finance (Digital ID for DeFi) to combat  illegal financial activities like money laundering. This is part of the public consultation under the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), signed into law in July 2025 by the Trump Administration. Accordingly, the public will give input on how technologies like digital IDs, artificial intelligence, and blockchain monitoring can improve safety in cryptocurrency markets. One of the key proposals is to embed identity checks into DeFi smart contracts, which are self-executing programs on blockchains. This includes confirming…

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    Exchange

    Bithumb Tightens Lending Rules After Service Suspension

    August 14, 2025 - By 

    Bithumb, a South Korean crypto exchange, has tightened rules for its month-old crypto lending service, cutting leverage in half and sharply lowering loan limits to address investor risk concerns. The exchange resumed the service on Monday after halting it on July 29 due to “insufficient lending volume,” local outlet Kookmin Ilbo reported. Following a full review, Bithumb said it made changes “to protect investors and improve service quality.” The maximum leverage has been reduced from 4x to 2x, while the loan limit has been slashed by 80%, from 1 billion won ($726,000) to 200 million won ($145,000). The tighter borrowing…

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    Exchange

    Crypto Exchange Bullish Surpasses IPO Estimates, Raises $1.11 billion

    August 13, 2025 - By 

    Cryptocurrency exchange Bullish, which is backed by billionaire Peter Thiel, completed its initial public offering on Wednesday. It raised $1.11 billion by selling 30 million shares at $37 each, which is well above its targeted $32-$33 price range. The offering values the company at $5.41 billion.  The exchange began trading on the New York Stock Exchange under the ticker symbol “BLSH”. JPMorgan, Jefferies, and Citigroup served as lead underwriters for the deal. Institutional investors BlackRock and Cathie Wood’s Ark Investment Management committed to purchase up to $200 million worth of shares from the offering, demonstrating strong institutional appetite for crypto-related…

  • HashFlare duo
    Hack & Scam

    HashFlare Duo Receive Time Served in $577 Million Crypto Scam

    August 13, 2025 - By 

    In a developing story, HashFlare duo Sergei Potapenko and Ivan Turõgin are sentenced to time served for one of the largest cryptocurrency fraud cases in U.S. history.  The HashFlare duo previously pleaded guilty to their crime of the massive $577 million Ponzi scheme.  However, Federal Judge Robert Lasnik handed down the ruling, allowing the Estonian nationals to avoid additional prison time. They had served 16 months in custody by this time. For context, the HashFlare duo, Sergei and Turõgin were arrested in Estonia in November 2022 and extradited to the United States in May 2024.  The duo pleaded guilty to…

  • european blockchain conference
    Event

    Europe’s Blockchain Power Shift Happens In Barcelona This Year

    August 13, 2025 - By 

    Disclaimer: This article is written in partnership with European Blockchain Convention 11. Coin Medium will cover the event at the venue. If you are around on the dates, feel free to reach out to us for more information and collaboration. Also be sure to use the code “COINMEDIUM15” while booking for your tickets in order to enjoy 15% off.  European Blockchain Convention 11, dubbed Europe’s largest blockchain event will see the attendance of Europe’s Blockchain Powerhouses this year.  As Europe moves beyond tech into mainstream finance, the Blockchain Convention is becoming the center of blockchain and crypto deal-making. It is…

  • Hack & Scam

    Qubic Stuns Crypto World with 51% Monero Hashrate Takeover Claim

    August 13, 2025 - By 

    In the ever-evolving landscape of cryptocurrency, few events have stirred the community quite like the recent power play targeting Monero, a privacy-focused, decentralized cryptocurrency designed to be untraceable and anonymous. Over the past month, the network has been at the center of an unprecedented challenge — not from a sudden attack, but from a declared and deliberate campaign against it. Back in July, Qubic, an AI-focused blockchain protocol, announced its intention to seize majority control of Monero’s hash rate. It openly stated its ambition — to dominate 51% of the mining power behind one of the leading privacy coins, a…

  • Regulation

    Do Kwon Finally Pleads Guilty to $40 Billion Fraud, Faces Just 12 Years in Prison

    August 13, 2025 - By 

    Do Kwon, the founder behind the collapsed Terra cryptocurrency project, finally pleaded guilty on Tuesday to fraud charges that wiped out billions of dollars from investors. Kwon admitted he knowingly deceived buyers about his company’s flagship products between 2018 and 2022. Do Kwon, hailing from South Korea, founded Terra, a crypto ecosystem that promised huge returns through its LUNA token and TerraUSD stablecoin. Authorities say he ran a fraudulent scheme that made him rich but devastated investors when the project collapsed in 2022. Kwon reverses plea, admits to fraud Kwon changed his plea after initially fighting nine criminal charges, including…

  • what happened in crypto yesterday
    Cryptocurrency

    Do Kwon pleads guilty And Fed Rate Cut Could Be The Anvil

    August 13, 2025 - By 

    You missed what happened in crypto yesterday? Don’t worry, we’ve got you covered! Terraform Labs Founder Pleads Guilty Terraform Labs co-founder Do Kwon pleaded guilty to two counts of wire fraud and conspiracy to defraud, waiving his right to a trial on these charges.  The plea agreement, reported on August 12, 2025, by the US District Court in the Southern District of New York, includes $19 million in financial penalties and a potential prison sentence of up to 25 years if served consecutively, though prosecutors will reportedly recommend no more than 12 years.  Kwon’s sentencing is set for December 11,…