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Latest news

No Hack, Yet Gopax Froze Trading and Withdrawals

Gopax received only a hacking threat email and no losses have been reported so far, yet it halted trading and withdrawals. At the end of September it kept just 80.54% of customer coins in...

Samsung Wallet now has a USDC dollar-coin account. Why can't Korean Galaxy users use it?

By Samsung's count, about 82 million US Galaxy devices are compatible, and Samsung seems to have been able to open USDC accounts on them thanks to rules more than...

Called digital gold, Bitcoin fell 6% as AI stocks plunged. Why?

On Nov. 5, as the Nasdaq fell 4.2%, Bitcoin dropped more than 6% at one point to $75,463. It looks less like crypto-specific bad news than an...

Upbit keeps 99% of its coins in cold wallets. Could it stop a Binance-style hack?

A high cold-wallet ratio means the exposed share is small, not that hacks are prevented. The $6.3 billion Binance hack (about 8 trillion won) began with a fake interview task...

100,000 Bitcoin behind USDT... how far would they have to fall before $1 wobbles?

About 100,000 Bitcoin sit in Tether's reserves, but if other assets hold their value, Bitcoin would have to fall about 95% before the $7.95 billion excess reserve runs out....

Tether Earned $1.5 Billion in 3 Months. Why Don't USDT Holders Get Any Interest?

Most of the $1.5 billion Tether earned in the third quarter is interest on U.S. Treasuries and reverse repos bought with dollars USDT holders paid in. Holders only have the...

Coinbase revenue fell 35%, yet net income rose 66%. Where did the profit come from?

Of Coinbase's third-quarter net income of $719 million, almost the same amount, $715 million, was a paper gain from a rise in the value of the crypto the company was holding. It did not sell...

Binance Hacked for About KRW 8 Trillion: Who Covers Customer Losses, and How?

Binance says it will cover the roughly $6.3 billion hack loss in full with its user protection fund and company money, but the fund holds only about $1 billion in Bitcoin...

Strategy now pays preferred dividends daily. Why?

Strategy's four preferred stocks will pay dividends every day, but the 8-12% annual rates stay the same. Splitting the payout into small pieces keeps the share price steadier, makes the shares...

Ripple wins final approval for a U.S. trust bank. What changes for RLUSD holders?

What Ripple received is a trust bank charter with no deposit insurance, not a bank that takes deposits. So RLUSD's $1-per-coin reserve structure and institutional redemption process...

Brazil's dollar jumped 8% after the election. Why did companies buy stablecoins the day before?

On the day of Brazil's presidential runoff, 78% of trading volume at the crypto exchange Mercado Bitcoin came from companies, not individuals. The exchange said firms used Tether, which is pegged to $1, to prepare on a...

Korea plans FX rules for stablecoins: what changes for coins sent abroad?

From Dec. 3, coins that leave through Korean exchanges for overseas exchanges or personal wallets will be reported to the Bank of Korea by 11 a.m. the next business day (draft), but coins sent directly between personal wallets are left...

4.4% interest and FDIC deposit insurance on a U.S. bank's coin: how is it different from a stablecoin?

SOFIE, issued by U.S. bank SoFi, is used like a coin but is legally a bank deposit, so it earns 4.4% a year and is covered by FDIC deposit insurance (the U.S. government's protection for bank deposits). Both disappear the moment it is...

Bitcoin ETFs drew $1B in 3 days. Why did bitcoin fall below $82K?

About KRW 1.43 trillion flowed into U.S. bitcoin ETFs in three days, yet bitcoin fell to $81,100 on the 22nd. DWF Labs' analysis found that ETF money more often...

Japanese tourists pay with yen coins. What do Korean shops get?

Shinhan Card is testing yen stablecoin payments with Japan's SBI but has not said how shops will be paid. In the Binance Pay and PayPay service already live in Japan, the customer pays in...

The US banned stablecoin interest. Why not crypto exchange rewards?

The US GENIUS Act banned interest an issuer pays "solely for holding," and the final rule from the Office of the Comptroller of the Currency (OCC) dropped draft language presuming rewards from third parties tied to issuers...

France eyes 31% tax on stablecoin swaps. Why before cash-out?

On Oct. 16, France's lower house voted 38 to 37 for an amendment that would tax gains at 31.4% the moment crypto is swapped into stablecoins. The rate...

An ETF lost 1% as bitcoin fell 52%. BlackRock wants in. The catch?

While bitcoin fell as much as 52% from its peak, a Calamos protected ETF that keeps about 90% of its assets in U.S. Treasuries lost just 1%, and BlackRock...

Why Broadcom and Verizon rejected 24/7 stock tokens

Broadcom, Verizon and seven other companies gave no reasons, but Nasdaq pointed to prices set outside the consolidated tape, and TD Securities to a five-year temporary exemption that...

Stablecoin supply grew just 0.4% this year. Why did payments rise 45%?

Stablecoin supply grew 0.4% this year, but payments from January to September rose 45% to $482 billion. No new money came in; coins that already existed changed...

6 million bitcoin are exposed to quantum attack. Are yours among them?

Quantum risk is not the same for every bitcoin. The 6.04 million BTC whose public keys are already exposed come first, and two-thirds of them became exposed through reused...

Stablecoins pay no interest. Why do bank deposit rates matter to them?

A BIS analysis finds that even stablecoins, which pay no interest, grow more slowly when U.S. bank deposit rates rise: if rates go up 0.01 percentage points in a week, 10-week...

Bitcoin ETFs lost money, so why are big wallets at a record?

On Oct. 14, U.S. spot Bitcoin ETFs saw $261.5 million flow out, and two days later (reported Oct. 16) wallets holding 10 to 10,000 Bitcoin hit a record...

Stocks crashed and gold rose. Why did bitcoin fall with stocks?

On Oct. 15, as Korea's KOSPI fell 7.57%, gold rose more than 1%, yet bitcoin briefly dropped below $80,000 for the first time in a month. Spot...