Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui
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Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui

Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners integrating AUSD in their services platforms. […] Source: https://news.bitcoin.com/dragonfly-backed-stablecoin-agora-to-launch-natively-on-sui/

Crypto Phishing
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DMM Bitcoin Exchange Hit by $305M Hack

Japanese cryptocurrency exchange DMM Bitcoin has disclosed a significant breach resulting in the loss of 4,502.9 BTC, equivalent to $305 million, to hackers. The stolen funds were reportedly divided into 10 wallets, with each holding batches of 500 BTC, according to data provided by security firm Blocksec. In response to the breach, DMM Bitcoin has assured customers that it will…

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US Should Join UK in ‘Blockchain Sandbox’ Free of Regulatory Meddling, SEC Commissioner Says
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US Should Join UK in ‘Blockchain Sandbox’ Free of Regulatory Meddling, SEC Commissioner Says

Hester Peirce, a leading member of the Securities and Exchange Commission (SEC), has signaled her support to a proposed cross-border “digital securities sandbox” between the U.S. and the U.K. In a Wednesday letter, SEC Commissioner Peirce praised the Bank of England and the Financial Conduct Authority (FCA) of the U.K. for proposing a local “digital securities sandbox” (DSS), which would…

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Nigerian Artist Davido’s Meme Coin Plummets Shortly After He Pockets $474,000 From Token Sale
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Nigerian Artist Davido’s Meme Coin Plummets Shortly After He Pockets $474,000 From Token Sale

Nigerian artist Davido has been accused of perpetrating an “outright scam” after pocketing over $468,000 from selling his recently launched meme coin. A prominent Nigerian crypto enthusiast claims Davido’s actions create problems for many legitimate crypto businesses and startups operating in good faith. Davido Offloads Meme Coin Hours After Promoting It to Followers The Nigerian […] Source: https://news.bitcoin.com/nigerian-artist-davidos-meme-coin-plummets-shortly-after-he-pockets-474000-from-token-sale/