Regulation

WEF issues DeFi policy ‘toolkit’—and Columbia’s already planning to use

Global policy, business, and academic think tank the World Economic Forum (WEF) released its decentralized finance (DeFi) policy toolkit today, as per a release this morning. “DeFi presents a generational expansion of financial opportunity (and always accompanying risk). The most important first step before any regulatory or policy undertaking is to level-set on the evolving […]Read More

Bitcoin

FBI seizes $2.3 million worth of Bitcoin from hackers

The Department of Justice (DOJ) announced the recovery of ransom payments of 63.7 Bitcoin (BTC) valued approximately at $2.3 million, made by Colonial Pipeline to the group known as DarkSide. Seized funds represent the proceeds of a May 8 ransom payment to a digital extortion attacker group DarkSide, which hacked the company’s business IT networks […]Read More

Bitcoin

Bitcoin dumps 9% even as Central American leaders endorse the

Bitcoin dropped 9% on Tuesday morning even as Central American leaders switched to ‘laser eyes’ this week, data from multiple sources shows. The sentiment is arguably bearish, as the dumps come off the back of nation-states moving to adopt the asset and analytics provider MicroStrategy announcing a $400 million private note round to acquire even […]Read More

Regulation

Ripple (XRP) asks court to impose deadline on the SEC

In the Securities and Exchange Commission (SEC) vs. Ripple lawsuit, the San Francisco-based fintech firm has accused the securities regulator of willfully refusing to hand over documents related to BTC, ETH, and XRP. This is despite Judge Netburn’s ruling on April 6 ordering the SEC to reveal communications regarding the above cryptocurrencies. The standstill is […]Read More

Cryptocurrency

DeFi project Dfyn buzzes to $200m TVL, secures 3 major

Dfyn Network, the multichain, low-fee automated market maker (AMMs) exchange, has become an IDO success story just weeks after launch, boasting over $200 million in total value locked, thousands of users, and partnerships or grants from top crypto projects. The exchange is currently live on the Polygon network and has emerged as the fastest-growing DEX […]Read More

Bitcoin

Bitcoin miners using hydropower asked to continue in Sichuan

Bitcoin miners in China’s Sichuan province can continue their operations until September this year, local tech publication TechNode reported today. The move comes on the back of recent regulations involving stricter crackdown of the activity. Citing sources who attended a regulatory meeting regarding crypto mines in the region, the report said that mining operators were […]Read More