Customers can use Fireblocks’ policy engine to configure user roles, governance policies, and approval workflows for exchange deposit and withdrawal operations to protect against an insider unilaterally moving funds from an exchange account. They can also deposit, withdraw, and rebalance across the Fireblocks Console or API and monitor all connected account balances, according to a press statement. Source
Claims against Mirror Trading International (MTI) have reached over $84.5 million (ZAR1.6 billion), with more than 8,000 proven creditors as of the end of April. The MTI estate still holds around $33.7 million in its accounts. Legal action is underway in multiple countries to recover withdrawals made by those who profited from the scheme. MTI […] Original
“We’ve added programmatic daily yield so this looks a little bit more like a savings product than a checking account product, which is maybe the way to think about traditional stablecoins,” Cascarilla said in an interview. “[USDL] is going one step further from democratizing access to dollars, to also democratizing the risk-free rate, in the safest manner possible.” Source
Because the service is free to use, it is not meant to be a direct moneymaker for Ironblocks, an Israeli startup that last raised $7 million in venture funding in early 2023. Instead, it’s a feeder for the company’s other crypto cyber defense products including the upcoming “Venn Security Network,” according to its website. Dadosh was hesitant to discuss what the network would look like. Source
The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO) due to attrition and a focus on organizational efficiency. This move will reduce the number of SEC regional offices from 11 to 10. The jurisdiction for Utah, previously held by SLRO, will now be managed by the […] Source BitcoincryptoexchangeExchanges CryptoX Portal
“Toposware joining Polygon Labs signals our continued commitment to building the world’s best ZK research and development team,” said Marc Boiron, the CEO of Polygon Labs, in a telegram message to CoinDesk. “ZK technology is central to our overarching strategy, driving initiatives including building the leading aggregated blockchain network with the AggLayer, empowering developers to launch new L2 chains on Ethereum with the CDK, enabling DeFi projects to scale and enhance security with Polygon zkEVM and enhancing the security of Polygon PoS as it becomes ZK enabled.” Source
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The financial services firm Unchained and the University of Texas have partnered to launch a long-term endowment fund in bitcoin (BTC). Joseph Kelly, CEO and co-founder of Unchained, set the ball rolling with a personal donation of two bitcoins. The bitcoin financial services firm also intends to connect UATX faculty and their research with key […] Original
“Consumers have a right to a transparent and timely process for resolving complaints and answering questions, irrespective of the company or product in question,” said NYDFS Superintendent Adrienne A. Harris. “This guidance outlines clear expectations for a positive customer experience, which benefits both consumers and business.” Source
Michael Nadeau, founder of The DeFi Report, has published a deep dive into the implications of the approval of spot Ethereum (ETH) Exchange-Traded Funds (ETFs) on the cryptocurrency’s price trajectory. This analysis follows on the heels of a significant regulatory nod from the US Securities and Exchange Commission (SEC), which approved the 19b-4 applications for eight leading financial entities — Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin. These approvals, granted under a collective omnibus order on May 23, set the stage for the final steps, which involve…