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SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms

A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced concerns regarding a new proposal that could give the securities regulator new powers to regulate cryptocurrency platforms and…

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Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit

On February 2, 2022, the Wormhole Network’s ethereum solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds…

Continue ReadingJump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit

Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum

Reports indicate that the Wormhole Network’s ethereum solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The…

Continue ReadingWormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum

SEC’s proposed rule on exchanges could threaten DeFi, says Crypto Mom

“The proposal includes very expansive language, which, together with the chair’s apparent interest in regulating all things crypto, suggests that it could be used to regulate crypto platforms,” said Hester…

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