Crypto News
Ted Cruz Introduces FLARE Act to Repurpose Flared Gas for Bitcoin Mining
The Texas Senator’s Facilitate Lower Atmospheric Released Emissions bill aims to make the state “the number one place for Bitcoin mining.”Source link
Crypto Investors Lost $1.67B to Hacks and Exploits in Q1: CertiK
Blockchain security firm CertiK has revealed that $1.67 billion worth of crypto was stolen by hackers in the first quarter of 2025, a 303% rise on the previous quarter.The figure is two thirds of the total amount stolen across 2024, although it's worth noting that the majority of Q1's losses can be attributed to the $1.45 billion Bybit hack.Aside from that, CertiK analyzed 197 hacking incidents in Q1, 98 of which occurred on Ethereum.The two largest hacks following Bybit were the $71 million Phemex heist in January and the $49.5 million exploit suffered by crypto neobank Infini.Phishing attacks, which involve stealing a victim's credentials to gain access to personal accounts, remains the highest attack vector accounting for 81 incidents. There...
Vaneck Registers to Launch First BNB Exchange-Traded Fund in the US
Investment manager Vaneck has registered to list an exchange-traded fund (ETF) that will track BNB, the native cryptocurrency of the Binance-linked BNB Chain. The New York-based firm has proposed the establishment of a trust in Delaware as a preliminary step toward a formal application with the U.S. Securities and Exchange Commission (SEC). If approved, Vaneck’sSource link
North Korean IT Workers Infiltrated European Solana-Based Projects: Google
Google Threat Intelligence warned that North Korean IT workers have worked on crypto projects in the EU and UK.Source link
SEC, Gemini Request Two-Month Pause in Lawsuit as ‘Potential Resolution’ in the Works
A potential resolution could be coming soon in the long-running lawsuit between the U.S. Securities and Exchange Commission (SEC) and Gemini over the crypto company's Earn product.The two submitted a joint request to the U.S. District Court for the Southern District of New York on Tuesday to consider a 60-day pause in the case as they consider a potential resolution.Gemini was sued by the SEC in January 2023, alongside lender Genesis Global Capital, alleging their Gemini Earn product constituted an unregistered securities offering. In March 2024, Genesis finalized a $21 million settlement with its role in the program, resolving its side of the case.Since President Donald Trump returned to office and appointed Mark Uyeda as acting SEC chair, the regulator...