Trump Media, the Donald Trump-affiliated parent company behind media platform Truth Social, is planning to launch a utility token and digital wallet. Summary Trump Media is planning to launch a token and digital wallet tied to its social media platform.The company recorded millions in losses for the years second quarter.Recent months have seen Trump Media double down on its crypto bet. Per a recent SEC filing, the token will be part of a broader rewards system linked

The CEO of South Korean exchange Bitsonic, Shin Jinwook, has received an extension to his seven-year prison sentence after authorities found evidence of fraud amounting to at least 100 million won or $72,000. Summary Bitsonic CEO Shin Jinwook was sentenced to six months in prison on top of his initial seven-year sentencing from 2023.Exchange executives fooled investors and defrauded customers by manipulating the price of its native token, BSC. On August 5, Judge Seon

North Korean IT workers are using fake identities to infiltrate crypto firms and steal millions worth of digital assets through remote job scams, cybersecurity researchers at Google Cloud and Wiz have warned. Summary North Korean threat actor UNC4899 operatives are increasingly targeting crypto companies.Both Google Cloud and AWS environments have been exploited by the group in multi-million dollar crypto thefts. Separate reports published by the firms have tracked U

The U.S. Securities and Exchange Commission has issued interim guidance allowing certain U.S. dollar-backed stablecoins to be treated as cash equivalents on corporate balance sheets.  Summary SEC permits qualifying USD stablecoins to be reported as cash equivalents.Applies only to fully backed, redeemable tokens with 1:1 pegs.Complements GENIUS Act and broader reforms under SEC Chair Paul Atkins. Reported on Aug. 5 by Bloomberg Tax, the guidance is a part of a wider

Crypto exchange Bitpanda just posted its strongest financial year on record, more than doubling revenue as partnerships and regulated offerings drive growth. Summary Bitpanda reported €393 million, around $426 million, in 2024 revenue, up 162% from the year before.The exchanges growth is driven by regulated product offerings, market expansion, and institutional partnerships. According to a press release shared with crypto.news, the Vienna-based crypto platform report