Sky Mavis recovers $5.7M from Ronin Bridge hack
Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs while the rest will return to the Axie treasury.
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CoinMarketCap Introduces New Metrics for Crypto Fundamentals
Cryptocurrency market data platform CoinMarketCap has added a new metric to their site for measuring the fundamentals of cryptocurrency projects.The new rating system dubbed the Fundamental Crypto Asset Score (FCAS) measures cryptocurrency projects “health” by considering user activity, developer behavior, and market maturity. Basically, the service provides insight into the growth and development of a…

Europol: Bitcoin Remains Cybercriminals’ First Choice, But Privacy-Focused Alts Will Rise
Europol’s new cybercrime report has found that Bitcoin (BTC) remains the most popular form of crypto for illicit uses, but predicts a rise in the popularity of anonymity-focused altcoins such as Zcash (ZEC) and Monero (XMR). The report, the fifth edition of Europol’s Internet Organised Crime Threat Assessment (IOCTA) to date, was published yesterday, September…

CFTC commissioner: agency doesn’t have enforcement resources without Congress
"We’re not necessarily looking for more authority without more resources," said Dan Berkovitz in regards to crypto markets. 126 Total views 19 Total shares Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, said while the agency is suited to futures contracts, swaps, and options trading, it would need…

Apple’s upcoming developer conference sparks rumors of NFT trading cards
The Worldwide Developer Conference 2022, hosted by Apple, will be held online between June 6–10, and feature some of the leading experts and advocates within the tech field. 173 Total views 2 Total shares In the lead-up to the 33rd edition of the annual Worldwide Developers Conference (WDDC) set to commence on June 6, tech…

French lawmakers propose ban on crypto influencer promotions
According to the proposal, individuals caught violating these prohibitions could face a two-year prison sentence and a 30,000 euro fine. 3407 Total views 7 Total shares Own this piece of history Collect this article as an NFTFrench lawmakers have proposed a ban on the promotion of certain financial products and services by electronic means, including…

Have your stake and earn fees too: Tushar Aggarwal on double dipping in DeFi
Proof-of-stake protocols were designed to encourage users to lock up their coins, but synthetic assets are circumventing that design to allow double-dipping in DeFi. One of Forbes’ 30 Under 30 in Asia, Tushar Aggarwal wears many hats: He started the crypto podcast Decrypt Asia, works as a venture scout with LuneX Ventures, and runs Persistence, a…

Libra Vs. US Congress: All There Is to Know Ahead of Hearings
This week is crucial for the future of Libra: Facebook's cryptocurrency project will be subject to two back-to-back hearings in the United States Congress. First, the Senate Banking Committee will discuss the token on July 16. Then, on the following day, Libra will be reviewed by the House Financial Services Committee. The cryptocurrency’s co-creator, David…

CFTC promises to protect ‘the burgeoning markets for digital assets such as Bitcoin’
The CFTC continues its roll of crypto announcements this week in a recent fraud bust-up. On Friday, the Commodity Futures Trading Commission made a fraudster pay back $7.4 million to investors while vowing to protect the Bitcoin market.Per the CFTC's announcement, James McDonald, Director of the commission's enforcement division, said The CFTC will continue working to protect…