Elon Musk’s X could face $200M EU fines over alleged DSA violations: Law Decoded
Elon Musk’s social media platform, X, is under scrutiny for alleged DSA violations, with potential fines reaching $200 million.
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Here’s how Defrost Finance plans to refund users following $12M hack
The Defrost team will conduct a scan of on-chain data to find out who owned what prior to the attack. 95 Total views 4 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTAfter recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance is planning to return the…
PayPal, Ernst & Young settle first corporate payment via PYUSD stablecoin
PayPal deepens its push into PYUSD for business transactions, making its first payment using the stablecoin.
Bitcoin shorters ‘are getting rekt’ after new $75K high
Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.
The 3 questions on financial literacy Bitcoiners flunk: Bank of Canada
“In particular, Canadians who were young, male, employed, had a university degree, high household income and relatively low financial literacy were more likely to own Bitcoin." 783 Total views 8 Total shares A study from the Bank of Canada found that Bitcoiners on average have lower financial literacy than those who don’t own Bitcoin (BTC).…
Report: Facebook Denies Partnership With Stellar
Facebook has reportedly denied entering into talks with cryptocurrency firm Stellar (XLM), Cheddar reported August 10. Earlier today, Business insider reported that Facebook and Stellar had been considering a potential partnership to build a Facebook variant of a Stellar blockchain. A Facebook spokesman reportedly told Cheddar that the company is “not engaged in any discussions…
What are crypto pump and dump groups? Are they legal?
Pump-and-dump operations, which fraudulently manipulate prices by disseminating false information, have existed in economic contexts since at least the 1700s. For instance, con artists with shares in the South Sea Company started making false statements about the business and its revenues in the beginning of the eighteenth century. The plan was to inflate the stock price…
Crypto Biz: Axelar’s new interoperability stack goes live
With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.
Georgia aims to adopt European crypto standards for Anti-Money Laundering
One of the most crypto-friendly countries in the world wants to synchronize its crypto regulations with associated rules in the European Union. 582 Total views 38 Total shares Georgia, one of the world’s most cryptocurrency-friendly countries, is moving to introduce new crypto regulations to pursue its ambitions of becoming a global crypto hub.Georgian lawmakers have…