French banks want incorporation for new DeFi regulation
The Banque de France has released a paper that provides insight into the regulatory considerations for decentralized finance (DeFi). It also discusses the upcoming Markets in Crypto Assets regulation (MiCA).…
US SEC seeks staff for its Crypto Assets and Cyber Unit
The US Securities and Exchange Commission (SEC) has posted a job listing for its Crypto Assets and Cyber Unit in the Division of Enforcement. The successful candidate will be responsible…
IMF Calls For Tougher Crypto Regulation
The International Monetary Fund (IMF) has reiterated its call for more robust regulatory oversight of the Crypto ecosystem. This includes “strict prudential requirements” for stablecoin issuers, following the depegging of…
Korean Crypto Exchange GDAC Reports $13M ‘Hot Wallet’ Hack
South Korea-based cryptocurrency exchange GDAC reported a security breach on April 9, resulting in a $13 million loss of digital assets from its hot wallet. The stolen assets represented roughly…
SushiSwap Gets Exploited For $3.3 million
On April 9, a bug on the SushiSwap decentralized finance (DeFi) protocol led to losses of over $3 million. Blockchain security companies Certik Alert and Peckshield noted unusual activity related…
Terraport suffers $2M hack days after launch
On April 10, Terraport Finance, a new DeFi exchange platform based on the Terra Classic blockchain, suffered a breach of its liquidity wallet. This then resulted in the loss of…
Bitcoin Mining Comes Under Attack By New York Times
Bitcoin mining has once again come under fire from mainstream media, with the New York Times publishing an article. The article titled “The Real-World Costs of the Digital Race for…
Binance Looking For New U.S Banking Partners
The United States branch of global cryptocurrency exchange Binance has encountered difficulties in finding a new banking partner to act as a fiat on-ramp and off-ramp for its clients in…
Meta Paying up to $1M to programmers building Metaverse
Meta, the parent company of Facebook, are paying its metaverse programmers up to $1 million for their work. According to anonymous sources, programmers working on Meta’s virtual reality suite can…
Thai political party promises citizens $300 in crypto upon victory
Thailand’s Pheu Thai Party has proposed that it will give approximately $300 in crypto to almost every citizen of the country if it wins the next election. According to reports,…