Will ‘Stablecoins’ now fall under UK regulators’ purview?
Following the downfall of Terra and its algorithmic stablecoin TerraUSD, regulators from across the globe were alerted. The limited volatility that these assets offered did not pose a threat earlier.…
Do Kwon reportedly hires lawyers: Prepping for legal action?
Earlier this week, Terra founder Do Kwon said that authorities in South Korea haven’t been in touch or filed charges against him. In an interview with crypto media startup Coinage,…
SEC Vs. Dragon – Dragonchain Gets Sued For $16.5 Million ‘Unregistered’ Token ICO
The U.S. Securities and Exchange Commission announced charges against organizations associated with Dragonchain as well as its chief architect John Joseph Roets for allegedly generating $16.5 million through “unregistered crypto…
Crypto.com eyes security via regulation as it secures UK FCA approval amid global compliance tour
Major crypto exchange Crypto.com secured approval from the U.K. Financial Conduct Authority (FCA) in its most recent addition to its list of newly confirmed territories. While Crypto.com services were already…
Aave DAO urges members to commit support for Ethereum’s PoS merge via governance proposal
DeFi protocol Aave has requested its token holders to participate in an Aave Request for Comment (ARC), requiring them to commit to Ethereum’s (ETH) POS merge. Aave Companies have proposed…
North Korean Hackers Aim Their Crypto Attacks At DeFi
According to Chainalysis, these hacks have cost the industry an estimated $1.9 billion. Blockchain bridges, which are more vulnerable to attack, are well studied by hackers. The rise in criminal…