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Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
5.4.2023
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South...
‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks
3.4.2023
Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini:...
Gnosis launches Hashi bridge aggregator to help prevent hacks
30.3.2023
Bridge protocols LayerZero, Celer, Wormhole, LiFi, and others have already committed to implementing the new protocol
EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says
28.3.2023
The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets
Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion
22.3.2023
U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S....
FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money
21.3.2023
Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,”...
ParaSpace & BlockSec prevent $5M from being stolen in a failed attack
20.3.2023
BlockSec, the popular blockchain security firm, recently announced that it prevented a breacher from stealing 2,909 ETH. Worth around 5 million dollars, the attacker was caught while trying to exploit a vulnerability in ParaSpace. At 3:51 AM, London time, a Railgun-funded address was first noticed...
Tokenized mortgages can prevent another housing bubble crisis, says Casper exec
15.3.2023
Current mortgage term sheets lack transparency because they are not machine-readable, according to Ralf Kubli, board member of the Casper Association
MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging
13.3.2023
The community proposal comes just days after DAI followed its fellow stablecoin USDC in slipping beneath the one-dollar mark
India Brings Crypto Transactions Under Prevention of Money Laundering Act
11.3.2023
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s...
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
26.2.2023
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also...
Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability
23.2.2023
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function...
Wyoming lawmakers pass bill to prevent forced disclosure of private keys
16.2.2023
The only exception to the law will be where the public key is unavailable to disclose details of the digital asset, digital identities, interest or right
Republicans Plan to Reintroduce Legislation to Prevent Crypto Restrictions in 401(k): Politico
15.2.2023
The legislation will be introduced in the House by Rep. Byron Donalds (R-Fla), the report said
SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude
14.2.2023
Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US Attorney Requests Pause on SEC and CFTC Lawsuits...
Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown
12.2.2023
Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat...
'Decentralized Infura' may help prevent Ethereum app crashes: Interview
6.2.2023
The initial “Dfura” marketplace, which is currently in development, is expected to include up to 10 Web3 data providers
Here’s how to prevent NFT theft, according to industry professionals
31.1.2023
Professionals working in the Web3 space highlighted various tools and best practices to protect NFTs from hackers and scammers
Ban on Crypto Mining in Residential Areas Proposed in Russia
28.1.2023
Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy...
How Industry Can Prevent the Crypto Winter From Becoming an Ice Age
25.1.2023
Recognizing that crypto has to be regulated as part of the regular economy is a first step to arguing for rules tailored to its unique innovations, says John Rizzo