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TrueFi issues first default notice on $3.4M BUSD loan
10.10.2022
TrueFi does not expect Blockwater Technologies' default to affect its stablecoin lending pools or capital market portfolios
Aave Utilizes Forta for All Safety and Controlling Issues
7.10.2022
Forta is extremely enthusiastic and takes immense pride and pleasure in making their grand announcement of the very fact that Aave, which happens to be one of the many top-notch DeFi protocols, is utilizing the services and potential of Forta to be able to successfully and very effectively...
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels
2.10.2022
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from...
Transit Swap loses over $21M due to internal bug hack, issues apology
2.10.2022
“We are deeply sorry,” stated Transit Swap while revealing that a bug in the code allowed a hacker to make away with an estimated $21 million
Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’
1.10.2022
The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused...
US State Issues Order Freezing Crypto at Exchanges in Pig Butchering Scam Crackdown
1.10.2022
The Delaware Department of Justice’s Investor Protection Unit has issued a cease and desist order against 23 entities and individuals involved in a popular cryptocurrency scam known as “pig butchering.” The order also freezes the accounts allegedly holding cryptocurrencies...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower as Powell Claims There Are ‘Structural Issues’ With Cryptocurrency
28.9.2022
Bitcoin was back in the red on Wednesday, as U.S. Federal Reserve Chair Jerome Powell called for more regulation in decentralized finance (defi), citing “structural issues” as a key reason. The token fell below $19,000 on the comments, moving closer to a key support point as a result....
Australia Issues White Paper for Central Bank Digital Currency
28.9.2022
Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot...
Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’
28.9.2022
Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome...
Research Finds Bitcoin Mining Equates to 0.10% of Global Greenhouse Gas Emissions
27.9.2022
According to a recent report published by the Cambridge Centre for Alternative Finance (CCAF), bitcoin mining worldwide accounts for around 0.10% of global greenhouse gas (GHG) emissions or 48.35 million tons of carbon dioxide per annum. Moreover, CCAF’s report details that...
Binance Resumes Offering Futures Trading Products to South African Users
27.9.2022
One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South...
Global Manhunt for Terra Luna Founder Do Kwon After Interpol Issues Red Notice
27.9.2022
The global law enforcement agency the International Criminal Police Organization (Interpol), issued a notice for Terraform Labs co-founder Do Kwon just a few weeks after a warrant for his arrest was issued by South Korean authorities. The red notice enables South Korea to receive help from global...
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
27.9.2022
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation...
Interpol Issues Red Notice for Do Kwon: Report
26.9.2022
Kwon maintains that he is not on the run, but his location is unknown after Singapore authorities said he's not in the city-state
Estonia Issues First License to Crypto Service Provider Under New Regulation
25.9.2022
Estonia’s Financial Intelligence Unit has issued its first license to a crypto service provider under the country’s new regulatory framework that entered into force in March. “Striga Technology OÜ is the first entrepreneur, who is authorized for the first time to provide...
Binance establishes Global Advisory Board to work on regulatory and political issues
22.9.2022
The former United States Senator Max Baucus will be leading the board that includes 11 other prominent figures
UK Financial Regulator Issues Warning Against FTX Crypto Exchange
19.9.2022
The UK's Financial Conduct Authority (FCA) has issue a warning to consumers not to conduct any business with the FTX crypto exchange.
In a statement first issued on 16 September, the FCA states that "This firm is not authorised by us and is targeting people in the UK."
The regulator issues...
Luna Founder Do Kwon Isn’t in Singapore, Police Say After South Korean Court Issues His Arrest Warrant
19.9.2022
Terraform Labs founder Do Kwon is not in Singapore, local police say. Accused of fraud after the collapse of cryptocurrencies luna and terrausd, he is wanted in South Korea after a court issued an arrest warrant for him. However, Kwon insists that he is not “on the run.” Police Say...
More Details on `details`
15.9.2022
A lot of chatter around the ol’ <details> and <summary> elements lately! I saw Lea Verou recently tweet an observation about the element’s display behavior and that sorta splintered into more observations and usage notes from folks, including a revived …
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Central Bank of Argentina Issues New Compliance Rules for Digital Wallets
15.9.2022
The Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country. Customers of companies like Uala, a wallet popular in Argentina, will now be qualified as financial users, having new protections similar to those offered by banks and other financial...