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Sturdy Finance Falls Victim to Exploit, Losing 442 ETH in Latest Defi Hack
12.6.2023
Decentralized finance (defi) platform Sturdy Finance was exploited on Sunday evening, losing 442 ether to an attacker. The team behind the project stated that it is aware of the reported exploit and paused markets at 10:19 p.m. ET. 442 Ethereum Worth Over $766K Siphoned From Sturdy Protocol...
Axie Infinity Price is Going to Zero after SEC Lawsuit Calls AXS a Security But Green Crypto Ecoterra Just Raised $5 Million – 100x Potential in 2023?
12.6.2023
Last week was catastrophic for Axie Infinity Shards (AXS), the native token that powers web3 play-to-earn (P2E) gaming ecosystem Axie Infinity.
AXS dropped more than 30% from around $7.6 per token to fresh near two-year lows under $5.0 per token, its worst one-week performance in more than...
Defying SEC: Solana, Cardano, and Polygon Disagree with 'Security' Label
12.6.2023
In an ongoing battle against the Securities and Exchange Commission (SEC), Solana, Cardano, and Polygon have united forces to challenge the classification of their cryptocurrencies as securities.
This comes as lawsuits unfold against major exchanges Binance and Coinbase, these prominent projects...
Former SEC Chief Warns, “Get Out Of Crypto Platforms Now” -What’s Going On?
12.6.2023
Former Enforcement Division chief of the U.S. Securities and Exchange Commission (SEC), John Reed Stark, came up with a warning in his Tweet on June 8, 2023. The warning came directly with the label "Get out of crypto platforms now."
Following the SEC's actions against Coinbase and Binance, Stark...
Security Agency Detains Nigeria’s Suspended Anti-Bitcoin Central Bank Governor
12.6.2023
The Central Bank of Nigeria governor, Godwin Emefiele, was suspended by Nigerian President Bola Ahmed Tinubu on June 9 and was subsequently arrested by a domestic security agency. Several reports have linked Emefiele’s suspension to the central bank’s controversial naira demonetization...
Solana Foundation disputes SEC’s claim of SOL as a security
12.6.2023
Solana Foundation, a non-profit organization in Switzerland, expressed disagreement with the characterization of the United States Securities and Exchange Commission of the platform’s native token, SOL, as securities. The US regulator called Solana’s SOL, along with 11 other cryptocurrencies...
Vitalik Buterin: Ethereum ‘fails’ without these 3 important ‘transitions’
12.6.2023
All three “transitions” are necessary to secure Ethereum’s future, according to Buterin
'Near impossible to know' what is and isn't a security: Mark Cuban on SEC
12.6.2023
The billionaire is the latest to argue that the SEC hasn’t provided crypto firms with a registration process to follow
SOL is not a security, says the Solana Foundation
11.6.2023
The SEC has labeled the SOL token as a security in two separate lawsuits filed on June 5 and June 6 against crypto exchanges Binance and Coinbase
Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns
10.6.2023
In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients, expressing concern for their potential vulnerability...
Cardano Price Prediction as Research and Development Firm Input Output Responds to SEC's Claims that ADA is a Unregistered Security – What Happens Next?
9.6.2023
It’s been an ugly few days for ADA, the cryptocurrency that powers the Cardano blockchain, a decentralized smart-contract-enabled layer-1 protocol.
ADA dropped another near 7% on Friday to hit $0.30 per token and is eyeing a retest of March’s lows.
Losses on the week now stand at a staggering...
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined
9.6.2023
The top-100 DeFi tokens by market capitalization had a bearish week as the total value locked in these protocols fell below $50 billion again
SOL is 'Not a Security', Insists Solana Foundation Amid SEC Lawsuits
9.6.2023
The Solana network’s native token SOL is “not a security,” despite the Securities and Exchange Commission (SEC) claiming otherwise, the Solana Foundation has said.
Commenting on the regulatory status of its token to CoinDesk on Thursday, the Solana Foundation made it clear that it still sees...
Ethereum’s Buterin Releases Roadmap Addressing Scaling, Privacy, Wallet Security
9.6.2023
In his blog post, Buterin shares that the network needs to address these components simultaneously, otherwise the blockchain fails
Today in Crypto: Google Cloud Offers Certain Customers Up To $1M for Cryptomining Attacks, Countdown Until MiCA Enters into Effect Officially Starts, Hong Kong to Lay Foundations to Implement Retail CBDC
9.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Google Cloud Offers Certain Customers Up To $1M for Cryptomining Attacks, Countdown Until MiCA Enters into...
Cardano Developer Rejects SEC Claim Its ADA Token Is a Security
9.6.2023
“Under no circumstances is ADA a security under U.S. securities laws,” IOG said
Solana Foundation: SOL is 'Not a Security'
8.6.2023
SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase
Solana is Going to Zero After SEC Lawsuit Deems SOL a Security and Investors are Moving to Ecoterra as the Platform Raises $4.9 Million – What Does it Do?
8.6.2023
In a nasty surprise for Solana holders, SOL has been named as an unregistered security in the latest SEC enforcement action against Binance - now facing an uncertain future will Solana sink-or-swim?
As the aftermath of the latest 'regulation by enforcement' moves sets in, crypto markets...
Is it Too Late to Buy Ethereum? ETH Price Falls after Twitter Founder Jack Dorsey Says Ethereum is a Security – Here's Why yPredict AI Crypto Signals Platform
8.6.2023
In the world of cryptocurrencies, stability is a luxury and now Ethereum (ETH), the world's second-largest cryptocurrency, has found itself at the heart of an escalating debate over regulatory clarity following a wave of enforcement actions by the U.S. Securities and Exchange Commission (SEC).
The...
Polygon president testifies on democratizing the internet with Web3, blockchains
8.6.2023
The House Committee explores blockchain and Web3's future, as industry leaders testify on democratizing the Internet and regulatory challenges