The United States Commodity Futures Trading Commission (CFTC) is taking regulatory action against three decentralized finance protocols for allegedly failing to register various derivatives trading offerings. The U.S. commodities regulator announced that it issued orders against protocol Opyn, ZeroEx and Deridex in a Sept. 8 statement. Today @CFTC issued orders against operators of three DeFi protocols for offering illegal digital…
An amended complaint was filed on Thursday in the federal class action lawsuit against Shaquille O’Neal over his NFT project Astrals, and the basketball icon faces allegations of violating securities laws in connection to offering Solana-based assets and an associated token. The 111-page filing comes after a district judge in Florida appointed the case’s lead plaintiffs last month, who are…
As it turns out, Binance does, in fact, have the power to freeze private wallet addresses on BNB Chain — albeit only with the consensus of all its validators. Source: https://cointelegraph.com/app/public/index.php/news/binances-indecision-to-freeze-bnb-wallets-drew-controversy-in-this-11m-rug-pull
Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested a limited pilot program in an effort to address crypto regulation. In a pre-recorded message for a Cato Institute event on Sept. 7, Pham said that following public roundtable discussions she planned to propose a pilot program for digital asset markets, claiming the U.S. may…
Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won’t be available until the bank receives the green light from regulators in the United States. JPMorgan has reportedly developed most of the infrastructure to run the new deposit token, which will be…
A sizzling Texas has turned its power grid into overdrive recently, enforcing emergency procedures into action–affecting first and foremost, Bitcoin miners. Due to the excessive heat the lone star state suffered, several mining outfits were pushed to turn down their mining operations, albeit temporarily. Riot platforms made news today that it “had been paid” to shut down, along with Marathon…
The need for an oracle in decentralized finance (DeFi) is a major impediment to adoption in the real world, according to the authors of a Bank for International Settlements (BIS) bulletin. The problems with oracles are both practical and principled, and the study’s authors saw no way around them. An oracle is a third party that provides real-world data flowing…
Hackers have been using a Windows tool to drop cryptocurrency-mining malware since November 2021, according to an analysis from Cisco’s Talos Intelligence. The attacker exploits Windows Advanced Installer — an application that helps developers package other software installers, such as Adobe Illustrator — to execute malicious scripts on infected machines. According to a Sept. 7 blog post, the software installers affected…
2023 has been a whipsaw year for investor sentiment and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is a strong advocate for cryptocurrencies. In partnership with the European asset manager 21Shares,…
Former FTX executive Ryan Salame pleaded guilty to criminal campaign finance violation charges in a Manhattan court on Thursday. During the hearing Salame appeared before Judge Kaplan, who’s also set to oversee the FTX founder Sam Bankman-Fried’s case. He plead guilty to conspiring to make unlawful contributions and defraud the Federal Election commission. As part of his plea deal with…
