White hat ‘SEAL’ team protecting from crypto hacks surpasses 900 investigations
The crypto security team is preparing to launch a battleground for hackers and crypto protocols at the DeFi Security Summit at Devcon in November.
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US REPO task force names crypto as target in efforts involving $58B in sanctioned assets
Members of the task force have worked to “counter Russian sanctions evasion”, which included illicit crypto transactions and money laundering schemes. 72 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe United States Treasury has announced deputies of the multilateral Russian Elites, Proxies, and Oligarchs, or REPO, Task…

Chainlink’s total value secured surpasses $75B as DeFi continues to surge
The oracle network’s exponential growth has been tied to the emergence of DeFi. Co-founder Sergey Nazarov said Chainlink is also powering metaverses. 541 Total views 35 Total shares The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with…

Trustology CEO Says DeFi Will Become ‘Predominant Mechanism’ for Finance
Decentralized finance (DeFi) protocols could soon emerge as the world’s dominant liquidity pool if scaled effectively, according to Alex Batlin, the founder and CEO of cryptocurrency custody platform Trustology.Cointelegraph spoke to Batlin — also a co-founder and board member of the Enterprise Ethereum Alliance — at the recent BlockDown 2020 conference to discuss the outlook…

Huobi explains what went wrong with HUSD after stablecoin is back on track
The HUSD team explained that the depeg was caused as they closed market maker accounts in some regions to comply with regulations. 1442 Total views 15 Total shares After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what had caused the short-term liquidity problem and assured users that it had been resolved. On Thursday,…

Tax man: India’s new tax policies could prove fatal for crypto industry
Indian crypto tax policy has become the hottest topic for Indian crypto traders and exchange operators as it is set to become law on March 24 and will come into effect starting on April 1. The proposed 30% crypto tax is the highest in the country and is equivalent to the tax imposed on gambling and…

Arca Labs partners with Securitize on regulated, tokenized financial products
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Five proposed crypto class actions in NY over unregistered securities dismissed
Quantstamp, Status Research, Civic Technologies, HDR Global Trading and Kaydex are off the hook, after five securities related lawsuits were dismissed in New York Courts earlier this week. 1610 Total views 11 Total shares Five proposed class-action lawsuits against crypto firms have been voluntarily dismissed without prejudice in New York federal courts — without costs…

Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4
Last week, His Majesty’s Revenue and Customs (HMRC) presented an unpleasant Christmas surprise to hodlers in the United Kingdom, demanding they declare any crypto holdings they failed to report in the last four, six or even 20 years. The tax authority also reminded taxpayers of the interest, charged daily from the date tax is due