VC firms are slowing down crypto investments for a 'nuanced reason' — Venture Capitalist

Developers working for startup OpenZeppelin, a third-party audit firm specializing in cryptocurrency, have discovered and patched a vulnerability in Facebook’s Libra’s open-source code.The problemAccording to an article by Coindesk on Sept. 10, the crypto auditing firm found vulnerabilities in Move, which is a scripting language developed by Facebook for its stablecoin Libra. OpenZeppelin’s CEO Demian…

The United States Federal Reserve (the Fed) is considering the inclusion of this year’s Bitcoin (BTC) market collapse as one of the “salient risks” to be taken into account for its supervisory stress tests. The prospective amendment was revealed as part of a policy statement published on the official federal government daily journal, The Federal…

Coinbase's cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper.

CME Bitcoin options open interest has soared to $142 million in the first half of May, marking an increase of over 10 times the value at the end of last month. 2308 Total views 38 Total shares Open interest on Chicago Mercantile Exchange Bitcoin options has skyrocketed over the past few days, to hit $142…

Gemini, Binance, OKEx and Huobi appear to be the biggest gainers of the BitMex fallout. Over 45,000 Bitcoin has been withdrawn from BitMex since the U.S. government levied charges against the exchange and its leadership. October 1 brought two devastating blows to BitMex. First, the CFTC and DOJ brought charges against the exchange. Shortly thereafter, its founders…

The Chamber of Digital Commerce has filed an amicus brief in the ongoing court case between encrypted messenger service Telegram and the United States Securities Exchange Commission (SEC).Filed on Jan. 21, the document was authored by Lilya Tessler, a partner and the New York head of Sidley Austin LLP, counsel to the Chamber. In the amicus…

Kakao Corp, a major Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter's blockchain-based payment system, English-language news outlet The Korea Times reported Nov. 14.The new partnership agreement will apply the former's blockchain platform technology Klaytn,…

Last week, another major quake shook crypto markets. Silvergate Bank — a crypto-fiat gateway network for financial institutions and a significant on-ramp for cryptocurrencies in the United States — shut down operations due to liquidity problems. A couple of days later, another ​​Federal Deposit Insurance Corporation-insured institution, Silicon Valley Bank (SVB), was shut down by California’s…

Rehabilitation trustee Nobuaki Kobayashi has extended the Mt. Gox repayment deadline by one year. 156 Total views 5 Total shares Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchange’s creditors from Oct. 31, 2023, to Oct. 31, 2024.In a Sept. 21 letter, Kobayashi wrote that, with the permission of the