DeFi protocol Radiant Capital has attributed a <a href=”httpss://www.coindesk.com/tech/2024/10/16/radiant-capital-loses-50m-to-blockchain-exploit” target=”_blank”>$50 million exploit</a> it suffered in October to North Korean hackers. According to a <a href=”httpss://medium.com/@RadiantCapital/radiant-capital-incident-update-e56d8c23829e” target=”_blank”>report published on Dec. 6</a>, the attackers started laying the groundwork for the Oct. 16 attack in mid-September, when a Telegram message from what appeared to be a trusted former […]
FSOC’s Still Worried About Stablecoins
The Financial Stability Oversight Council published its 2024 annual report Friday, addressing various risks and areas of concern within the U.S. and global financial system. As it has done for the past few years, the report highlighted the role of stablecoins and the digital asset sector more broadly — though it stopped short of suggesting […]
Ending the Treasury Department’s Regulatory Overreach on Crypto Mixer Tornado Cash
Cryptocurrency users who crave privacy protections had a lot to be thankful for this past Thanksgiving. Two days before the holiday, a unanimous three-judge panel of the Fifth Circuit <a href=”httpss://urldefense.com/v3/__httpss://law.justia.com/cases/federal/appellate-courts/ca5/23-50669/23-50669-2024-11-26.html__;!!PKfFmjksEw!wM17mRGDIMaN9Th4zBieDNp3n41eLPN9OO6wSnrmfgInwXPu3ssbifKL6Js4WYd7pUUZPhu0FtQfZyL8p9Ppvr8g$” target=”_blank”>ruled</a> that the Treasury Department’s <a href=”httpss://urldefense.com/v3/__httpss://ofac.treasury.gov/__;!!PKfFmjksEw!wM17mRGDIMaN9Th4zBieDNp3n41eLPN9OO6wSnrmfgInwXPu3ssbifKL6Js4WYd7pUUZPhu0FtQfZyL8p5SNLV2k$” target=”_blank”>Office of Foreign Assets Control (OFAC)</a> had acted in an arbitrary and capricious manner not supported by […]
Memecoin Factory Pump.Fun Bans U.K. Crypto Traders
Solana’s memecoin factory Pump.fun shut off access to U.K. crypto traders Friday, citing “laws and regulations” affecting the runaway hit. The geoblock comes three days after the nation’s main financial regulator, the Financial Conduct Authority, <a href=”httpss://www.fca.org.uk/news/warnings/pumpfun” target=”_blank”>warned</a> the platform “may be providing or promoting financial services or products without our permission.” One of Pump.fun’s […]
Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi
Bitcoin (<a href=”httpss://www.coindesk.com/price/bitcoin/ ” target=”_blank”>BTC</a>) reached an <a href=”httpss://www.coindesk.com/markets/2024/12/05/bitcoin-hits-milestone-vs-gold-as-cycle-pattern-flags-120-k-by-year-end-van-straten” target=”_blank”>all-time high</a> above $100,000 earlier this week as a number of tailwinds fueled a post-U.S.-election rally in the world’s largest cryptocurrency, Citi (C) said in a research report on Thursday. “The nomination of digital asset-friendly Paul Atkins to chair the SEC provided the final boost,” that […]
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