The consultation, running until June 22, will be carried out by HM Revenue and Customs, seeking public comments from investors, service providers, and professionals in the decentralized finance space.
The new treaty on cybercrime comes at the back of rising illegal digital asset transactions through anonymity, allowing perpetrators to initiate illicit activities that endanger asset players.
The hackers exploited a vulnerability in an outdated Yearn Finance contract, minted the yUSDT and swapped it for millions of dollars in other stablecoins.
Under the proposed expansion of Exchange Act Rule 3b-16, which garnered a 3-2 vote among commissioners, DeFi platforms would be included as "exchange" systems as regulators ramp up securities laws.
What distinguishes a ‘core developer’ from anyone interested in the project? The answer is control and authority: core devs have committed access and they can decide where the project is heading.
Tron founder Justin Sun has been given 21 days to respond to the civil charges, and failure to respond will result in a default judgment against him.
The IOSCO will raise control on digital currencies and related activities while “addressing the pre-identified vulnerabilities in the non-bank financial intermediation sector.”
The French central bank published a detailed discussion paper this week on DeFi, exploring its risks and the potential regulatory changes that could mitigate them.
In his interview with Kennedy, Kurt Wuckert Jr. points out that the reason everyone is so mad at ‘crypto’ is because they were misled to believe it was an investment when the focus should be on utility.
While some industry experts blame stringent enforcement actions on the digital asset space that led to the declining figures of U.S. blockchain developers, others claim remote work is also a factor.
Arbitrum's market maker, Wintermute, received $40 million of ARB from Arbitrum as part of the $1 billion allocation.
A big chunk of crypto-focused financial losses in Q1 are a result of hacking activities, while rug pulls only make up a mere 4.3% of the criminal pie.
