Crypto News Center

Cardano Foundation X account under attack, hackers spread misinformation about SEC lawsuit

ADA dropped 4% as soon as the incident surfaced. Key Takeaways The Cardano Foundation tweeted that they had been served with a lawsuit by the SEC, which was soon identified as a false claim by hackers. Hackers also posted about a fake Cardano token on Solana. Cardano Foundation’s official X social media account has been under attack, with hackers posting false information about a purported SEC lawsuit against the organization...

Shiba Inu’s New Encryption Step Enhances User Privacy in Expanding Shibarium

The Shiba Inu ecosystem is advancing its capabilities by incorporating Zama’s Fully Homomorphic Encryption (FHE) technology. This move will enhance privacy while maintaining transparency in blockchain transactions, offering users a secure and verifiable experience. Shibarium’s Encryption Upgrade Sets New Standard for Secure DeFi Transactions Kaal Dhairya, a key developer within the Shiba Inu ecosystem, announced the partnership with Zama through a recent post on X (formerly Twitter). Zama, an open-source...

US SEC chief Gensler to step down on Jan. 20

Synopsis SEC Chair Gary Gensler, known for his ambitious agenda to regulate Wall Street and the crypto industry, will step down on January 20th. During his tenure, Gensler oversaw new rules to boost transparency and reduce risks in financial markets, as well as enforcement actions against firms using unauthorized communication channels and cryptocurrency exchanges. Reuters Gary Gensler U.S. Securities and Exchange Commission Chair Gary Gensler will step down on Jan....