This hearing, set for September 18, is expected to dissect the Securities and Exchange Commission’s (SEC) enforcement agenda under Chair Gary Gensler. Regulatory Confusion or Enforcement Overreach? Industry Leaders Will Weigh In According to the latest memorandum, the hearing will feature several key witnesses from both digital assets and regulatory …
security
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Introduction Blockchain technology has fundamentally transformed finance and supply chain management by offering decentralized, transparent, and secure mechanisms that eliminate the need for intermediaries. Why should one build a blockchain application? Blockchain applications provide enhanced Data integrity and security and provide a trustless environment for sharing information. With blockchain, one …
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Donald Trump and his team have released information on the pending launch of World Liberty Financial, a new DeFi project built on the Aave tech stack. Following a 2-hour X (formerly Twitter) Space last night, the team confirmed the initiative aims to transform the traditional financial system by leveraging blockchain …
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DeltaPrime DeFi, which runs on the Arbitrum platform, has been dealt a major blow in the form of a hack. The attack that took place at 6:14 AM CET led to a loss of $5. 98 million to liquidity pools belonging to the provider DeltaPrime was first flagged by Cyvers …
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MicroStrategy to Raise Another $700M for Bitcoin Buying Via Debt Offering
by Martin Youngby Martin YoungOn Sept. 16, MicroStrategy founder Michael Saylor announced that the firm was planning its third debt offering this year, aiming to raise $700 million by issuing convertible senior notes. The figure is the aggregate principal amount, and there is an option for an additional $105 million in notes that mature …
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Attorney John Deaton has strongly criticized the U.S. Securities and Exchange Commission (SEC) for its handling of cryptocurrency regulation, particularly in relation to the Ripple case. For the unversed, Stuart Alderoty, Ripple’s Chief Legal Officer, recently announced the end of this four-year conflict, with the SEC even apologizing for mischaracterizing XRP. …
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Ripple’s long legal battle with the SEC has finally ended, marking a big win for the cryptocurrency world. The case, which centered on whether XRP is a security, concluded with Ripple paying a reduced fine of $25 million instead of the original $2 billion. Ripple can continue operating internationally but …
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SEC is in a bigger regulatory Scoop! The highly anticipated SEC crypto hearing is set for September 18, as former officials prepare to testify against the agency’s handling of digital assets. The hearing, titled “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets,” will examine the SEC’s …
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The largest Bitcoin mining companies are steadily claiming greater dominance over Bitcoin’s network security, even though their stock performance this year might not suggest such success. JP Morgan analysts summed up the current state of the market in their “September ’24 Bitcoin Mining Halftime Report” published Monday, noting that publicly …
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DeFi protocol Delta Prime suffers $6 million exploit after admin lost control of private key
by Daniel Kuhnby Daniel KuhnDeFi platform Delta Prime has been hit with a $6 million after an administrator’s private key was leaked, Chaofan Shou, founder of security firm Fuzzland, told The Block. The attack occurred on Arbitrum, the largest Ethereum Layer 2. “A hacker gained control of 0xx40e4ff9e018462ce71fa34abdfa27b8c5e2b1afb, which is the admin of proxies. …