A legal challenge over crypto reporting could strike down decades-old anti-money laundering laws

A legal challenge over crypto reporting could strike down decades-old anti-money laundering laws

June 21, 2022 0

Advocacy group Coin Center is suing the US government over ‘unconstitutional financial surveillance’ Ever since the Silk Road, Bitcoin’s power to fuel anonymous transactions (and, more specifically, money laundering) has been a prime concern for lawmakers and law enforcement agencies. A new provision passed as part of the infrastructure package tried to tackle that issue, […]

MetaMask warns of security vulnerability from older versions of popular crypto wallet

MetaMask warns of security vulnerability from older versions of popular crypto wallet

June 15, 2022 0

“Ultimately, we’ve learned that our password encryption feature’s security was partially undermined by browser behavior,” said the team at MetaMask. On Wednesday, MetaMask said that it uncovered a critical security vulnerability in older versions of its crypto wallet with the help of security researchers at Halborn. The security firm was awarded a bounty of $50,000 […]

ApolloX completes new funding round, gets hacked of .8M APX tokens

ApolloX completes new funding round, gets hacked of $2.8M APX tokens

June 10, 2022 0

Hours after ApolloX confirmed that it had completed a new funding round, a hacker exploited a bug on the network to steal 53 million APX tokens, worth $2.8 million. Wednesday, June 8, will remain a day to remember for the ApolloX management as the leading DeFi platform experienced a bitter-sweet moment. In the early hours […]

Optimism Hacker Sends 1 Million Tokens to Ethereum Founder Vitalik Buterin

Optimism Hacker Sends 1 Million Tokens to Ethereum Founder Vitalik Buterin

June 9, 2022 0

The hacker made away with 20 million OP tokens last week after an administrative error. Optimism’s mysterious hacker is at it again.  Ethereum layer-2 scaling solution Optimism revealed yesterday that a hacker made away with 20 million Optimism (OP) tokens after token launch partner Wintermute accidentally transferred the tokens to the wrong account. Now, the […]

Lithuania to Ban Anonymous Wallets Following EU Regulation

Lithuania to Ban Anonymous Wallets Following EU Regulation

June 9, 2022 0

The EU’s recent decision to restrict transfers between unhosted wallets and centralized exchanges is already having an impact. Key Takeaways Lithuania’s Finance Ministry is looking to ban non-custodial crypto wallets. New regulation also imposes strict regulations on crypto service providers operating within the nation. The announcement comes after the European Union’s recent decision to advance […]

SEC Is Investigating Terra’s UST Stablecoin Collapse: Report

SEC Is Investigating Terra’s UST Stablecoin Collapse: Report

June 9, 2022 0

SEC attorneys may have reason to think that Terra violated federal investor-protection regulations, according to a Bloomberg report. Terra’s UST stablecoin could become the subject of a U.S. Securities and Exchange Commission investigation. An unnamed source told Bloomberg that the regulator’s enforcement attorneys have been looking into whether the way Terraform Labs marketed UST, its […]

US Lawmakers Introduce Bill To Require Members of Congress To Disclose Crypto Holdings

US Lawmakers Introduce Bill To Require Members of Congress To Disclose Crypto Holdings

June 5, 2022 0

Two US lawmakers have introduced a bipartisan bill that would require members of Congress to declare their crypto holdings. The Cryptocurrency Accountability Act would make it mandatory for members of Congress to report any purchase, sale or exchange of digital assets that exceeds $1,000. They would also have to report crypto transactions made by their […]

Federal Reserve Governor Says Bitcoin, Crypto Regulation Is For “The Rest Of Us”

Federal Reserve Governor Says Bitcoin, Crypto Regulation Is For “The Rest Of Us”

June 3, 2022 0

Christopher Waller, a Board of Governors member of the Federal Reserve, explained that regulating bitcoin and crypto markets isn’t for experienced investors. Federal Reserve Board of Governors member Christopher Waller recently explained regulating bitcoin and cryptocurrency markets is to “protect the rest of us.” The board member explains that fear of unstable markets for new investors […]

Report Reveals Game-Changing White House Crypto Plans That Could Have A Serious Bitcoin And Ethereum Price Impact

Report Reveals Game-Changing White House Crypto Plans That Could Have A Serious Bitcoin And Ethereum Price Impact

June 3, 2022 0

The Biden administration is working on a set of policy recommendations targetting bitcoin and crypto’s sky-high energy consumption and carbon footprint, according to a report. The bitcoin network’s blistering energy consumption is the subject of increasingly intense scrutiny from environmental activists and regulators around the world. In March, European Union documents revealed the extent of […]