The financial watchdog conducted inspections in conjunction with the South West Regional Organized Crime Unit and the police forces of Greater London, Bedfordshire and Hertfordshire. Source
United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023. On Feb. 14, the FCA gave an ultimatum to all crypto ATM operators in the UK — to either comply with regulations or wind down illegal operations. Following the warning, the FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017. #Crypto ATMs operating without FCA registration are illegal. The action we’ve taken…
“With BRC69, we can reduce the costs of inscriptions for Ordinals collections by over 90%. This reduction is achieved through a 4-step process: (1) inscribe traits, (2) deploy collection, (3) compile collection, and (4) mint assets,” Luminex said in a Tweet thread. Original
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MetisDAO (METIS) has been stumbling since early May after the asset fell from the $30 mark. However, as the heat around the Poly Network exploit cools, the METIS price witnessed a notable rise. METIS, the native token of the Metis ecosystem, surged by 11.5% in the past 24 hours. The asset is trading at $17.3 at the time of writing despite the recent market-wide downturn. METIS price – July 10 | Source: CoinMarketCap According to data…
Although Allaire views stablecoins as a superior option to CBDCs, he said the two are complimentary. “If central banks are going to upgrade their own systems to move away from legacy technology into more modern distributed ledger technology, that’s great,” he told SCMP. “There’s a whole bunch of things that are useful from that, but I view that as very different than the work that the private sector does to innovate on the public internet.” Source
Crypto investment firm Paradigm’s Special Counsel Rodrigo Seira has become the latest to slam the United States securities regulator, this time for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets. In a July 11 Twitter thread, Seira added his thoughts after an amicus brief filing from Paradigm, arguing that the U.S. Securities and Exchange Commission’s case against U.S.-based crypto exchange Bittrex should be “dismissed” as it relies upon an unreasonable use of the Howey test to make its claims. The SEC’s lawsuit against Bittrex is…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Voyager Digital creditors have been trying to regain their funds since the lender collapsed a year ago. Data shows that massive withdrawals have already been made. According to data provided by Dune, creditors of the bankrupt crypto brokerage company have withdrawn roughly $250.4 million worth of cryptocurrencies since June 23, when the company reopened fund withdrawals for its users. Voyager balances – July 10 | Source: Dune Moreover, Voyager had $426.8 million worth of crypto assets…
The multi-million dollar exploit of cross-chain bridge protocol Multichain could have been an internal rug pull, according to blockchain security and analytics firm Chainalysis. “On July 6, 2023, cross-chain bridge protocol Multichain experienced unusually large, unauthorized withdrawals in what appears to be a hack or rug pull by insiders,” the firm wrote in a July 10 blog post. The exploit has so far resulted in the loss of more than $125 million. On July 6, @MultichainOrg experienced unusually large, unauthorized withdrawals, resulting in losses of more than $125M. It’s one…
The share price of software firm Microstrategy increased by 7% following a recent projection by Berenberg. The investment bank believes that next year’s Bitcoin halving could trigger a rally in Microstategy’s stock (MSTR). Berenburg’s current MSTR price target is $430, which would be an 18-month high. Hamburg-based Berenberg Capital Markets recently circulated a research note which presented the upcoming Bitcoin halving as a potential trigger event for the share price of the United States-based software firm Microstrategy. Berenberg believes that the fourth Bitcoin halving could lead to a considerable rally…
Arcadia Finance, a decentralized finance (defi) protocol, has suffered a major setback, falling victim to a code exploit, resulting in a significant loss of approximately $455,000. The breach was initially detected by blockchain security firm PeckShield, which identified a coding oversight related to untrusted input validation as the root cause of the vulnerability. Exploiting this coding loophole, a hacker managed to drain funds from Arcadia’s Ethereum and Optimism vaults, putting the defi protocol in a precarious position. The company confirmed the breach on Twitter and suspended the affected contracts to…