Miles Jennings, general counsel and head of decentralization at a16z Crypto, has warned of significant implications for decentralized governance following a recent U.S. court decision in a case involving the decentralized autonomous organizations (DAO) governing Ethereum's largest staking...
Binance has clarified that its new high-yield asset, BFUSD, is not a stablecoin and has yet to be launched. BFUSD is not yet launched. To be clear, it is not a stablecoin but a reward-bearing margin asset for...
A California federal judge has denied crypto exchange Kraken’s request to appeal a ruling that allows the U.S. Securities and Exchange Commission (SEC) lawsuit against it to proceed. The decision, issued by Judge William Orrick on November 18,...
The European Banking Authority (EBA) has issued new guidelines for payment service providers (PSPs) and crypto-asset service providers (CASPs) to ensure compliance with the European Union’s sanctions when transferring funds or crypto assets. Released on November 14, the...
Nepal’s Financial Intelligence Unit (FIU) has raised alarms over the growing use of cryptocurrencies in cyber-related frauds despite an official ban on crypto trading. The FIU is a division of the Asian country’s central bank, Nepal Rastra Bank,...
Authorities in Paju, a city in South Korea's Gyeonggi Province, are ramping up efforts to collect unpaid taxes by targeting residents who use cryptocurrency to evade payment. Local officials have issued warnings to 17 individuals with outstanding tax...
The local branch of Seychelles-based crypto exchange OKX has introduced fee-free deposits and withdrawals of Singapore dollars (SGD) for customers in Singapore, using the country's payment systems PayNow and Fast and Secure Transfers (FAST). The announcement, made on...
Polter Finance, a lending and borrowing DeFi protocol, has joined forces with DeFi security group Security Alliance Information Sharing and Analysis Center (SEAL-ISAC) to trace and recover $12 million stolen in a recent flash loan attack. The platform...
Polish presidential candidate Sławomir Mentzen has promised to establish a strategic Bitcoin reserve as part of his financial policy if he wins the 2025 election. Mentzen reaffirmed his commitment to integrating cryptocurrency into Poland's financial system on November...
The global stablecoin market is dominated by two products, USDC and USDT, despite their many flaws and equally many attempts to capture their market share. Stablecoin issuer Paxos has introduced yet another offering, but this time with bigger...
