Day: 11 July 2023

Rodeo Finance, a DeFi protocol, has suffered an exploit that resulted in a loss of $888,000 from its coffers. The attacker took advantage of a programming flaw in the protocol's Oracle, manipulated an asset's price, and stole more than 472 ETH. PeckShield described the exploit as a "ForceInvestment" hack. The ...

Luxury watches are now being used as collateral for DeFi loans via the integration of non-fungible tokens (NFTs). CirrusNFT, a pseudonymous NFT collector, shared a story on July 11, 2023, that highlighted how an anonymous borrower successfully secured a $35,000 loan on Arcade, a DeFi protocol for NFT lending. Coolest ...

The Chinese government is currently considering new laws that strongly emphasize licencing and content control for the development of generative AI technologies. According to a report from the Financial Times, the Chinese digital tech regulator, Cyberspace Administration of China (CAC), is preparing to begin the implementation of new regulations that ...

Rodrigo Seira, special counsel for Paradigm, a crypto investment firm, has accused the U.S. Securities Exchange Commission (SEC) of overreaching its jurisdiction by attempting to regulate secondary crypto markets. Seira expressed his views in a series of tweets on July 11, 2023, in relation to Paradigm's amicus brief filing on ...

Dubai's digital asset regulator, Virtual Assets Regulatory Authority (VARA), has taken a regulatory enforcement action against BitOasis, a prominent cryptocurrency exchange in the Middle East.  On July 10, 2023, VARA issued a market alert stating that it has suspended BitOasis' operational licence and is currently conducting a thorough evaluation of ...