CFTC reportedly mulling accepting digital assets as trading collateral
The proposal faces multiple steps before approval, but its passage could ultimately be a boon for the digital assets market.
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Report: Lazarus Hacker Group Adopts New Methods, Continues Targeting Crypto
Alleged North Korea-sponsored cybercrime group Lazarus is still targeting cryptocurrencies and adopting new tactics, according to a new report from cybersecurity and anti-virus company Kaspersky Lab published on March 26.The report reveals that allegedly state-sponsored hacker group Lazarus has been active with a new operation since last November, wherein the group uses PowerShell that allows…
DeFi-ing exploits: New Chainalysis tool tracks stolen crypto across multiple chains
Blockchain analytics firm Chainalysis introduced a new tool to help monitor transactions and tokens across DeFi protocols and multiple blockchains. Blockchain analytics firm Chainalysis has released a new tool to track transactions across Decentralized Finance protocols and multiple blockchains.Chainalysis launched a beta version of its Storyline software on May 18. Touted as a “Web3-native blockchain…
DeFi abandons Ponzi farms for ‘real yield’
Decentralized finance is beginning to embrace a hot new phrase: “real yield.” It refers to DeFi projects that survive purely on distributing the actual revenue they generate rather than incentivizing stakeholders by handing out dilutionary free tokens. Where does this real yield come from? Are “fees” really a sustainable model for growth at this early…
Australia: 100% Crypto-Invested Retirement Portfolios Are Illegal
The Australian Tax Office has issued warning letters to 18,000 Self Managed Super Funds (SMSFs) for concentrating too much investment in one asset class. Under Australian law it is illegal to use more than 90% of retirement funds on a single class, such as property or cryptocurrency, as reported by local news outlet, Micky, Aug.…
New York Attorney General Fights Dismissal Motion in Bitfinex, Tether Case
The office of the New York Attorney General (OAG) has claimed that crypto exchange Bitfinex and stablecoin firm Tether have been operating in New York into 2019, according to official documents filed in the New York State Courts on June 8.The OAG has submitted these documents to fight Bitfinex and Tether’s motion to dismiss the…
South Korean crypto market grows to $45.9B in 2021 despite strict regulations
The 24 licensed crypto exchanges registered a collective average daily transaction volume of near $9.4 billion. 120 Total views 2 Total shares South Korea’s crypto market grew to 55 trillion Won ($45.9 billion) by the end of 2021, as per a new study from the country’s chief financial regulator, the Financial Service Commission.South Korea is…
Former KFC Employee Built a Crypto Drug Empire, Lost It All Today
The Leicester Crown Court ordered the seizure of over £1.8 million ($2.29 million) on June 8 from a UK individual who operated a multi-billion crypto drug empire from the attic of his home.According to the Harborough Mail, Paul Johnson, 32, a former KFC employee, ran a darknet marketplace from his semi-detached house in Leicestershire. Johnson…
Human protocol introduces blockchain coordination layer for data contribution
Users receive rewards for contributing data on the Human Protocol, which can be used an initial-point of learning for algorithms. 92 Total views 9 Total shares On Thursday, decentralized infrastructure project Human Protocol said it was launching a new blockchain coordination layer to handle routing functionality among third-party vendors to power data contribution on the…