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Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL

Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto…

Continue ReadingCrema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL

Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen

According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million…

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EU Makes Deal on MiCA Legislation to Regulate Crypto Markets

Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal…

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EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies

European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activities…

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Russia’s Financial Watchdog Investigates 400 Crypto-Related Cases, Director Tells Putin

Rosfinmonitoring is conducting hundreds of investigations into cases involving cryptocurrencies, the head of the agency announced. Hundreds of thousands of Russians take part in crypto deals abroad, the top regulator…

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Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum

On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The…

Continue ReadingRisk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum

Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves

Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank,…

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Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’

The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth…

Continue ReadingGlassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’

SEC Chair Gensler Affirms Bitcoin Is a Commodity — ‘That’s the Only One I’m Going to Say’

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says bitcoin is a commodity. He emphasized that the SEC, the Commodity Futures Trading Commission (CFTC), and banking…

Continue ReadingSEC Chair Gensler Affirms Bitcoin Is a Commodity — ‘That’s the Only One I’m Going to Say’

Value Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M

While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in…

Continue ReadingValue Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M