Category Archive: Cryptocurrency, No picture
SEC greenlights banks to exclude crypto assets from balance sheets, with conditions
Key Takeaways The SEC is giving financial institutions a way out of reporting customer crypto on their balance sheets. The change could give crypto holders more options for storing their crypto with established financial institutions. The US Securities and Exchange Commission (SEC) is allowing some banks and brokerages to avoid reporting customer crypto holdings on […]
Crypto liquidity set for a boost after CPI came lower than expected, says Bitfinex analyst
Key Takeaways Lower-than-expected CPI data may increase crypto market liquidity and risk appetite. Bitcoin faces potential volatility as it struggles to maintain its position above $58,000. The US Consumer Price Index (CPI) inflation numbers coming below expectations today can boost liquidity for both equity and crypto markets, according to Jag Kooner, Head of Derivatives at […]
Over 120 DeFi protocols at risk in suspected Squarespace DNS attack
Key Takeaways Blockaid identified a DNS attack targeting DeFi apps hosted on Squarespace. MetaMask is actively warning users about compromised DeFi applications. Blockchain security firm Blockaid has warned of a possibly widespread domain hijacking incident affecting Compound, Celer Network, and potentially 120 other protocols. According to the report, a new frontend attack was detected today, […]
Chainlink Data Feeds go live on Starknet
Key Takeaways Chainlink Data Feeds are now available on StarkNet, enhancing the platform’s DeFi capabilities. The integration supports cost-effective development with reliable data feeds for StarkNet developers. Oracle network Chainlink has launched its Data Feeds, a secure and reliable data source, on the Starknet mainnet, said the firm in a Thursday press release. The deployment […]
SEC quietly closes investigation into Paxos – no securities charges against BUSD
Key Takeaways The SEC has concluded its investigation into Paxos, recommending no enforcement action. This decision follows a court ruling that dismissed a key securities charge against Binance. The US Securities and Exchange Commission (SEC) quietly concluded its investigation into Paxos, the issuer of the stablecoin Binance USD (BUSD), without recommending any enforcement action, Jorge […]
Binance reportedly in talks to sell majority stake in South Korean exchange Gopax
Key Takeaways Binance plans to reduce its stake in Gopax from 72.6% to 10%. The stake sale is a response to governance structure demands by South Korean regulators. Binance is reportedly in final-stage talks to sell a majority stake in South Korean crypto exchange Gopax to local cloud service provider Megazone, according to a July […]
Compound Finance confirms hack, warns users of phishing from website
Key Takeaways Compound Finance’s primary domain was hijacked, and currently redirects to a phishing site. Despite the website compromise, Compound protocol and smart contract funds remain secure. Compound Labs issued an urgent warning via its official X account at 5:15 AM EDT on July 11, confirming that a hack on their compound[.]finance site has occurred.Compound […]
Bitcoin needs to surpass $58,000 to restore bullish trend
Key Takeaways Bitcoin needs to surpass $58,000 to restore its bullish trend, according to traders. Over 50% of crypto investors remain optimistic about the current bull cycle despite recent corrections. Bitcoin (BTC) still holds the $58,000 price level as a key area to flip its choppy moment, according to the trader who identifies himself as […]
“Web3 will be a fundamental element of all future games,” says OKX exec
Key Takeaways OKX launches GameSphere, offering comprehensive tools for Web3 game developers. GameSphere features include WaaS, APIs, and NFT support for game development and deployment. OKX revealed its launchpad for Web3 games called OKX GameSphere. Launchpads are important as they lower the entry requirements for game developers to navigate and integrate Web3 into their games, […]
Crypto investors majorly bullish despite recent pullbacks: CoinGecko survey
Key Takeaways 49.3% of crypto participants remain bullish despite market pullback post-Bitcoin halving. Investors and builders show more optimism about the crypto market than traders and spectators. Crypto market sentiment has become divided two months after the Bitcoin halving, with no clear consensus. A survey by CoinGecko revealed that 49.3% of crypto participants still feel […]
