Decentralized finance (DeFi) protocol SafeMoon has filed for Chapter 7 bankruptcy following the arrest of its executives and criminal charges in the United States. The filing has resulted in a significant drop in the price of SFM, the native token of the network.According to the bankruptcy filing, SafeMoon has less than 100 creditors and holds […]
The United States Securities and Exchange Commission (SEC) has denied a petition from Coinbase, a cryptocurrency exchange, for a rulemaking on transactions involving cryptocurrencies that are considered securities. The petition, which was filed in July 2022, requested rules to regulate securities offered and traded through digital methods.SEC chair Gary Gensler announced the commission’s decision in […]
Tether, the popular stablecoin issuer, has taken action against hackers who exploited the Ledger network. The addresses of the attackers have been frozen, preventing them from accessing the funds they stole. However, it is important to note that they may still be able to carry out transactions involving other digital assets.The attack on the Ledger […]
Bank of Korea Governor Chang-yong Rhee has expressed concerns about the rise of stablecoins and their potential impact on central bank money and monetary policies. Speaking at a conference on digital money in Seoul, Rhee emphasized the need for central banks to issue their own digital currencies to counter this threat. He highlighted two main […]
The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws and regulations already apply to the crypto securities markets. Gensler believes that the SEC addresses the crypto securities markets through rulemaking and emphasizes the importance […]
A court in Liechtenstein has been deliberating for two years on whether it is legal for two trustees to have unrestricted access to millions of dollars. These trustees, along with their lawyer, earn thousands of Swiss francs per day just by being physically present in court. The case, which is still ongoing, is just the […]
The US Securities and Exchange Commission (SEC) has denied Coinbase’s request for new cryptocurrency regulations. SEC Chair Gary Gensler stated that the existing rules are sufficient and apply to the crypto securities markets. Coinbase had filed a petition seeking regulatory clarity and a “yes or no” answer from the SEC, but the agency refused to […]
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system enables banks to transfer British pounds by combining the benefits of blockchain technology with central bank-issued currency. The £FnPS is a collaborative effort between Fnality, UK regulators, and initial bank participants, […]
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system allows banks to transfer British pounds by combining the benefits of blockchain technology with central bank-issued currency. The £FnPS is a collaborative effort between Fnality, UK regulators, and initial bank participants, […]
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This marks the first conviction of its kind, with Ahmed being the first individual convicted for hacking a smart contract for a DEX.Ahmed exploited a […]
