Genesis Trading-labelled address moves $720M BTC to Coinbase, pointing to the start of asset liquidations
Genesis Trading transferred over 12,600 Bitcoin to Coinbase over the past 30 days, two months after reaching a settlement with the state of New York.
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Optimism fading? Regulatory discussion on stablecoins postponed until Fall
Among a rich range of anxieties both for the crypto industry and the global economy at large, the summer of 2022 will be remembered as the time when the stablecoins proved themselves to be not so stable and thus came into the focus of regulators’ attention. The shock of the TerraUSD (UST) depegging in May opened…
As the EU AI Act comes into effect, here’s what to expect
The EU AI Act takes effect on Aug. 1, introducing significant regulations for artificial intelligence through phased implementation and key compliance obligations.
Canadian PM Justin Trudeau says investing in crypto is not an escape from inflation
Canada's inflation rose to 40-year highs this year while Bitcoin's price plummeted in the same period. 448 Total views 26 Total shares According to a new Twitter post on Tuesday, Canadian Prime Minister Justin Trudeau made critical remarks regarding newly elected opposition leader Pierre Pollievere's pro-crypto platform, writing: "We’ll also call out questionable, reckless economic ideas.…
New Cosmos chain will use liquid staking tokens from other networks for security
Staked ETH, BNB, ATOM, SOL and MATIC will be usable on Tenet as “restakes” to gain further rewards. 324 Total views 16 Total shares Own this piece of history Collect this article as an NFTA new Cosmos-based blockchain called “Tenet'' will use liquid staking coins from other networks to secure its transactions, potentially allowing the…
Seed CX Subsidiaries Receive Bitlicenses From New York Regulator
New York state financial regulators have issued virtual currency licenses to two subsidiaries of crypto derivatives firm Seed CX: Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC.In a press release published on July 15, Financial Services Superintendent Linda A. Lacewell announced that the New York State Department of Financial Services (DFS) has approved…
Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated
Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack. Decentralized finance protocol Zunami Protocol has confirmed it has encountered an attack on its "zStables" stablecoin pools.Blockchain security firm PeckShield was one of the first to detect the possible exploit on Curve on August 13 at 10:47 UTC.…
DLT Voting Would Likely Benefit Democrats: UNSW Professor
Professor Richard Holden thinks exploring distributed ledger technology for voting in US elections could put voter fraud lawsuits to bed. 176 Total views 5 Total shares Richard Holden, an economics professor at the University of New South Wales Business School, says using distributed ledger technology could allay Republican concerns over mail-in voter fraud — but…
As Visa and Mastercard raise fees, merchants may look to crypto
Cryptocurrencies have fees, but so do payment cards. 252 Total views 1 Total shares Credit card providers charge merchants a cut of the payments they accepted, called interchange fees or swipe fees. With two major card providers aiming to elevate rates, could crypto become an alternative? “Visa Inc. and Mastercard Inc. are planning to raise swipe…