CFTC Chair Laments Absence of Authority to Avert FTX-Like Collapse in Crypto Markets
The Commodity Futures Trading Commission (CFTC) chair Rostin Behnam decried the Congress's delay to empower the agency with supervisory power over digital assets markets. The...
US Legislators Introduce CLARITY Act to Restrict Federal Dealings with Chinese Blockchain Companies
Legislators in the USA have introduced the CLARITY Act to limit involvement with China-based blockchain projects. The Act contains regulatory guidelines that restrict the exposure...
Justin Sun’s Poloniex Suffers $126 Million Exploit
News shared by a Korean media outlet reveals another Justin Sun-affiliated crypto platform suffered a breach with a hundred-million-dollar loss. The unfortunate incident prompted an...
zkSync Era Saved From $1.9B Exploit by ChainLight Intervention
Using this bug would have needed the most extraordinary security privileges levels across zkSync Era’s infrastructure. ChainLight, a blockchain security audit company, detected a susceptibility...
PayPal to Face SEC Scrutiny Over PYUSD Stablecoin
The United States Securities and Exchange Commission (SEC) is currently investigating PayPal's U.S. dollar-pegged stablecoin, which is known as PayPal USD or PYUSD. This information...
US Lawmakers Urge Swift Intervention Against Binance and Tether Involvement in Terrorist Groups
The bipartisan letter emerged after legislators identified the utilization of crypto in terrorism to President Biden’s administration. Today, the United States legislators told the Department...
Brazil’s USDT Adoption Rise to Account for 80% Crypto Transactions
Tether’s stablecoin USDT has experienced a considerable increase in adoption in Brazil, making up 80% of the nation’s cryptocurrency transactions so far this year. Data...
Binance Will Shut Down VISA Debit Card Services in December
Binance and Mastercard partnership came to an end in September for Latin American and Bahrain consumers. The most likely cause of the venture ending is...
Sam Bankman-Fried Defense Identifies Financial Expert as Witness to Dismiss DOJ Testimony
The defense team assembled by former FTX chief executive Sam Bankman-Fried confirmed it would call financial experts to testify regarding the now-bankrupt FTX financials. The...
Tether Decides to Publish Reserve Reports in 2024
Tether Holdings, the reserve that backs the USDT stablecoin project is the largest stablecoin by market cap. The firm has recently announced that it is...