Cryptocurrency news
SEC, CFTC Probing Bankrupt Crypto Hedge Fund Three Arrows Capital
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are examining whether bankrupt crypto hedge fund Three Arrows Capital violated rules by misleading investors about its balance sheet and not registering with the two agencies, Bloombe...
North Korea’s Lazarus behind years of crypto hacks in Japan
Japan’s national police have pinned North Korean hacking group, Lazarus, as the organization behind several years of crypto-related cyber attacks. In the public advisory statement sent out on Oct. 14, Japan’s National Police Agency (NPA) and Financial S...
Canadian Self-Regulatory Agency Approves First Crypto-Native Investment Dealer
Toronto-based crypto exchange Coinsquare became a member of Canada’s top self-regulatory organization (SRO) – the Investment Industry Regulatory Organization of Canada (IIROC) – on Thursday, making it the first crypto-native platform to join that body. In addit...
SWIFT action: JPMorgan and Visa team on cross-border blockchain payments
Traditional finance and payment giants JPMorgan and Visa are teaming up to streamline the use of their private blockchain solutions Liink and B2B Connect to facilitate cross-border payments. According to an Oct. 11 report from Forbes, JPMorgan’s Liink is a network specifica...
EU Commission Launches Proposal for Study of Automated DeFi Supervision
The European Union Commission has put out a call to study “embedded supervision” of decentralized finance (DeFi) protocols on the Ethereum blockchain, signaling greater EU regulation is on the horizon. The pilot aims to “develop, deploy and test”...
Top 3 reasons why Bitcoin hash rate continues to attain new all-time highs
Falling mining rig prices Hash rate relates to the computing power required by Bitcoin miners to mine a block. As a result, a higher hash rate demands stronger mining rigs that could help miners mine a block and earn mining rewards. As global markets recovered from chip...
Lido launches layer-2 Ethereum staking and LDO rewards
One of the biggest Merge staking providers, Lido Finance has launched on two layer-2 networks Arbitrum and Optimism, a move it says further improves accessibility to Ethereum staking while reducing gas fees. The plan to expand to L2 was first unveiled in July when the te...
Taliban had a ‘massive chilling effect’ on Afghan crypto market
The Taliban’s takeover of Afghanistan has had a “massive chilling effect” on the local cryptocurrency market, bringing it to an effective “standstill,” according to a recent report. Blockchain analytics firm Chainalysis in an Oct. 5 report s...
Three Arrows-Backed 'Starry Night' NFT Collection Moved to Gnosis Safe
Starry Night Capital, a fund backed by bankrupt crypto hedge fund Three Arrows Capital, had its non-fungible tokens (NFT) moved to smart contract wallet Gnosis Safe, according to Nansen.ai. Starry Night was set up by the doomed Singapore-based firm in August 2021 to act as an in...
Japanese prime minister says gov't investment in digital transformation will include Metaverse, NFTs
Fumio Kishida, the prime minister of Japan since 2021, has said the government will be making efforts to promote Web3 services, including those dealing with nonfungible tokens, or NFTs, and the Metaverse. In an Oct. 3 speech before Japan’s National Diet, Kishida sa...