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The fintech-associated proposal intended to proffer transparency to virtual currency service operators has been authorized by the lower legislative assembly in Chile. With zero contenders to the vote of approval, the proposal has been passed to the office of the nation’s head Gabriel Boric for the final sanction. The
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LeXpunK Army contended that the CFTC has to directly serve legal proceedings against the people that are speculated to be behind the Ooki DAO breeches, instead of the community itself. Decentralized Autonomous Organizations (DAOs), concerned with digital currency token voting for managerial bill authorization, are not individuals and need not
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Mark Steward, the leader of the anti-money laundering compliance protocol for digital currency is set to resign after seven years of ruling under the Financial Conduct Authority (FCA). According to a Tuesday morning announcement published on the Financial Conduct Authority’s website, Mark Steward would be resigning from his position
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Bitcoins exchange rate hit its five days peak on Tuesday, as prices rallied above a major resistance position. The trading price of Ethereum similarly encountered a significant point earlier, as the digital currency space moves toward an anticipated bullish sentiment. The world's largest cryptocurrency by market capitalization was
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While Nigeria’s economy has continued to suffer the impact of certain factors, often said to be the result of poor leadership, its citizens have sought refuge in the digital world. Nigeria’s legislation does not exactly support the use of crypto like many other nations that have acted on
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A white hat hacker recently discovered a bug within the latest upgrade for Arbitrum that could have led to the theft of over $530 million from the network. And earlier this week, Arbitrum builder OffChain Labs compensated the hacker, who operates under the pseudonym 0xriptide, with a bounty of 400
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A New York judge has ordered stablecoin issuer Tether to show financial documents that indicate the dollar backing of USDT . This development follows a lawsuit that alleges the Bitfinex-owned firm manipulated the crypto market. Tether has been ordered to release “general ledgers, balance sheets, income statements, cash-flow statements, and profit
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Popular crypto exchanges, Binance and FTX have placed the top bids of $50M each to purchase the assets of bankrupt crypto lending platform Voyager Digital. Other bidders include Wave Finance and CrossTower. While the Wall Street Journal reports that Binance’s bid is currently higher than that of FTX, the
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South Korean authorities have asked Interpol to issue a red notice for Terra’s co-founder, Do Kwon as his current location remains unknown. The report by Financial Times comes barely 48 hours after Do Kwon said he wasn’t on the run, adding that his company will defend itself in
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Following the Ethereum merge and the transition of the network to a proof-of-stake consensus mechanism, Dogecoin has now become the second-largest proof-of-work coin after Bitcoin based on market capitalization. Launched as a Joke in 2013, Dogecoin is the 10th largest crypto coin, with a market capitalization of $7.95 billion.
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World’s second-largest cryptocurrency by market capitalization, Ethereum, is down by 19% in the last 7 days. This is even as the long-awaited transition to a proof-of-stake network took place last Thursday as planned. Following the merge, Ethereum dipped 8% to below $1,500 and continued falling. At the time
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Do Kwon, the co-founder of Terra has said he is not ‘on the run.’ This comes after South Korean prosecutors issued an arrest warrant for Kwon, the brain behind the Terra ecosystem which crashed in May. While the authorities had asked the finance ministry to nullify his passport, they also