modernsociety
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bob wrote a new post
12 months ago
Kraken Co-Founder Criticizes SEC's Enforcement Actions in Crypto Industry, Calls for Self-Regulation
Kraken co-founder Jesse Powell criticized the U.S. Securities and Exchanges Commission (SEC) for what he believes is a convenience-based approach to enforcement actions in the crypto industry. Powell argued that…
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bob wrote a new post
12 months agoTron Founder's Crypto Businesses Hit by Multiple Hacks, Losing Over $200 Million
Tron founder Justin Sun has been facing a series of cyber attacks on his crypto businesses over the past two months. Hackers have targeted platforms related to Sun, including his HTX crypto exchange, Poloniex…
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12 months agoBitcoin ETFs: BlackRock and Ark Invest Push for In-Kind Redemptions, Offering Tax Benefits for Investors
BlackRock and Ark Invest are engaged in discussions with the US Securities and Exchange Commission (SEC) regarding the establishment of a spot Bitcoin exchange-traded fund (ETF). One of the key points of contention…
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12 months agoUK Government Proposes Digital Securities Sandbox to Boost Digital Asset Sector
UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing…
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12 months agoKyberSwap Hacker Seeks Negotiations After $45 Million Exploit
The hacker behind the KyberSwap exploit has expressed a willingness to negotiate after stealing approximately $45 million from the decentralized exchange. In a public message, the attacker informed KyberSwap that…
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bob wrote a new post
12 months agoUK Government Proposes Digital Securities Sandbox to Boost Digital Asset Sector
UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing…
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bob wrote a new post
12 months agoKyberSwap Loses $45 Million in Recent Hack, TVL Drops by 87%
On November 23, an unidentified hacker stole over $45 million from the decentralized exchange KyberSwap. The breach affected multiple cross-chain deployments of KyberSwap, including Arbitrum, Optimism, and…
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12 months agoSurge in Interest for Cryptocurrency Bridges Sparks Demand for Interoperability Solutions
The surge in interest for transferring cryptocurrencies to different blockchains has been observed since the start of October, according to Google search data compiled by Online Blockchain plc. Crypto enthusiasts…
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12 months agoBBVA Switzerland Partners with Metaco to Expand Digital Asset Offerings
In a groundbreaking development within the blockchain domain, BBVA Switzerland has partnered with Metaco to expand its digital asset offerings. This move reflects a growing trend among major banks, including BBVA,…
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12 months agoEuropean Commission Official Advocates for Strong Crypto Regulation Following FTX Collapse and Binance Settlement
The collapse of FTX and Binance’s recent $4.3 billion settlement with U.S. authorities have highlighted the need for robust regulation in the cryptocurrency market, according to Ivan Keller, a policy officer for t…
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12 months agoGrayscale and BlackRock Engage in Critical Discussions with SEC on Bitcoin ETF Approval
Grayscale and BlackRock, two major financial players, are engaged in discussions with the SEC regarding the approval of a Bitcoin ETF. These discussions focus on the choice between the in-kind and cash redemption…
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12 months agoKyberSwap, a Decentralized Exchange, Loses $50 Million in Hack Attack
KyberSwap, a decentralized exchange (DEX) in the world of decentralized finance (DeFi), has fallen victim to hackers. The DEX was exploited across multiple chains, resulting in a loss of approximately $50 million.…
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bob wrote a new post
12 months agoBitget Launches Arabic Language Support for MENA Users, Expanding Access to Cryptocurrency Trading
Bitget, the world’s leading cryptocurrency exchange and Web3 company, has launched Arabic language support for its mobile application and website. This move aims to provide broader access to Arabic-speaking a…
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12 months agoKraken Co-Founder Welcomes Binance Investigation, Calls for Industry Self-Policing
Kraken co-founder Jesse Powell has expressed his support for the investigation into Binance and its former CEO Changpeng Zhao (CZ) by US government agencies. Powell believes that targeting offshore offenders like…
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12 months agoKyberSwap Elastic Loses $46 Million in DeFi Hack
In a recent incident in the world of decentralized finance (DeFi), KyberSwap Elastic, a decentralized exchange (DEX) under Kyber Network, fell victim to a security breach, resulting in the loss of approximately $46…
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12 months agoFormer Binance CEO Faces Flight Risk Concerns as U.S. Prosecutors Seek to Prevent Departure
United States government prosecutors are seeking to prevent former Binance CEO Changpeng Zhao, also known as CZ, from leaving the country due to concerns about his potential flight risk. They have requested a…
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12 months agoBinance's $4.3 Billion Settlement Paves the Way for Spot Bitcoin ETF Approvals
Binance, one of the largest cryptocurrency exchanges, has reached a $4.3 billion settlement with the United States. This settlement is seen as a significant step towards the approval of spot Bitcoin exchange-traded…
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bob wrote a new post
12 months agoDecentralized Exchange KyberSwap Loses $46 Million in Latest DeFi Hack
Around $46 million worth of crypto assets has been stolen from the decentralized KyberSwap exchange in a recent exploit. The Kyber Network team alerted users to a security incident and advised them to withdraw…
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bob wrote a new post
12 months agoBBVA Switzerland Teams Up with Ripple-Owned Metaco for Digital Asset Operations
BBVA Switzerland, a subsidiary of BBVA, has announced a strategic partnership with Ripple-owned Metaco to develop its digital asset operations. This collaboration is part of a growing trend among financial…
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12 months agoGrayscale Updates Bitcoin ETF Prospectus, Nearing SEC Approval
Grayscale has submitted an updated filing for its Bitcoin ETF to the SEC, potentially bringing it closer to approval. The filing is an amended S-3 prospectus, indicating that Grayscale has made changes to their…
