20 Sep 2022

Ripple Says XRP Owners Have no Rights or Contract So Token is Not A Security

As US blockchain company Ripple continues its legal battle against the US Securities and Exchange Commission (SEC), the fintech intends to build its legal strategy on a claim that its token, Ripple (XRP), cannot be considered a security without contracts as there is no “investment contract” that would grant rights

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17 Sep 2022

FACT SHEET: White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets

The digital assets market has grown significantly in recent years. Millions of people globally, including 16% of adult Americans, have purchased digital assets—which reached a market capitalization of $3 trillion globally last November. Digital assets present potential opportunities to reinforce U.S. leadership in the global financial system and remain at

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14 Sep 2022

South Korea issues arrest warrant for developer of failed cryptocurrency Luna

A South Korean court has issued an arrest warrant for Do Kwon, the primary developer of cryptocurrencies Luna and TerraUSD, whose spectacular collapse in May roiled crypto markets around the world. Kwon, also the founder of blockchain platform Terraform Labs, has been accused of fraud by investors in the wake of

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26 Aug 2022

Why Is Crypto Giant Tether Risking It All Over North Korea?

If there’s any lesson crypto companies should have learned from this year so far — a mere eight months that have vaporized some $2 trillion in value — it’s that the world’s continued existence doesn’t depend on them being around. It wasn’t always this way, though. Last year, the U.S.

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24 Aug 2022

Tether Stablecoin Brushes Off U.S. Tornado Cash Sanctions

The company behind Tether, the world’s most popular and widely used stablecoin, wants to have its bitcoin-shaped cake and eat it too. More accurately, it has previously claimed it works with U.S. financial regulators, but at the same time mentioned it doesn’t facilitate U.S. customers, so it doesn’t have to

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16 Aug 2022

Cross-chains in the crosshairs: Hacks call for better defense mechanisms

2022 has been a lucrative year for hackers preying on the nascent Web3 and decentralized finance (DeFi) spaces, with more than $2 billion worth of cryptocurrency fleeced in several high-profile hacks to date. Cross-chain protocols have been particularly hard hit, with Axie Infinity’s $650 million Ronin Bridge hack accounting for

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29 Jul 2022

Solana-based Nirvana loses $3.5M to flash loan exploit; tokens tank 90%

Solana-based DeFi protocol, Nirvana Finance lost $3.5 million to a flash loan attack on July 28. The attack resulted in Nirvana’s native token ANA losing 85% of its value. The token’s price fell from $8.97 to as low as $0.81 within hours of the attack before rebounding to its current value

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22 Jun 2022

Watertight Blockchain Bridge Security Critical for Cross-Chain Interoperability

Trustless blockchain bridges will play an important role in cross-chain interoperability and in reducing the risk of hacks in the blockchain industry. This problem was brought to the fore earlier this year with a couple of major attacks on blockchain bridges—the $320 million hack on the Solana Wormhole bridge in

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21 Jun 2022

Crypto Workers Behind Terra and Luna Are Facing a Flight Ban in South Korea

The ongoing crypto crash has brought a lot of investors back down to earth. In the case of current and former Terraform Labs employees, it’s keeping them literally grounded. Dozens of past and present staff from the company behind two notorious crypto coins, terraUSD and Luna, have been barred from leaving

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20 Jun 2022

What you need to know about staked ether, the token at the center of crypto’s liquidity crisis

Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for the past few weeks, it has been trading at a widening discount to

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