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DEFI
Russia Introduces Bill To Criminalize Unregistered Crypto Services
Russia’s government submitted a bill to its parliament’s lower house in an effort to amend the country's legal code to attach criminal liability for crypto services offered without regulatory approval or licensing.In a draft law sent to the…
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Tether To Lead $150M Recovery Program for DeFi Platform Drift Protocol
Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April.The recovery plan for the…
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Crypto PAC Fellowship Discloses $11M from Cantor Fitzgerald and Anchorage
The committee, led by Tether’s head of government affairs, reported spending $3 million on advertising through a company co-founded by Tether US CEO Bo Hines.The latest filing by the crypto-aligned political action committee (PAC) headed by…
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Figure and Hastra Add Auto Loans to Tokenized Credit Platform
Blockchain-based lender Figure Technology Solutions and Hastra, its onchain credit platform, are adding auto loans to their tokenized credit marketplace, broadening the real-world assets (RWAs) available to decentralized finance (DeFi)…
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South Korea Orders Suspension, Fine for Crypto Exchange Coinone
South Korea’s third-largest cryptocurrency exchange, Coinone, is facing a fine and a partial business suspension over anti-money laundering lapses, according to multiple local media reports.South Korea's Financial Intelligence Unit (FIU)…
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ECB Backs Plan for ESMA to Take Over Crypto Supervision
The European Central Bank has supported the European Commission’s plan to bring the supervision of major crypto companies under the EU’s financial markets regulator. The ECB said in an opinion published on Friday that it fully supports…
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Arizona Judge Blocks Gambling Enforcement Against Kalshi Contracts
A federal judge in Arizona has temporarily barred state officials from enforcing gambling laws against Kalshi, siding with the CFTC.A federal judge in Arizona has temporarily barred state officials from enforcing gambling laws against…
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Aethir Stops Bridge Hack After Contract Exploit
Aethir, a decentralized GPU cloud infrastructure designed for artificial intelligence, confirmed an attack on its bridge contracts and said it halted the exploit.The platform said Friday that it had detected and contained an attack on its…
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OKX, HashKey Back VPBank’s CAEX in Vietnam Crypto Pilot
CAEX, a crypto platform linked to the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) ecosystem, said OKX Ventures and HashKey Capital are backing the company as it seeks to qualify for Vietnam’s pilot regime for crypto…
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North Korean Hackers Infiltrated Crypto For Seven Years
North Korean IT workers have been embedding themselves in crypto companies and decentralized finance projects for at least seven years, according to a cybersecurity analyst.“Lots of DPRK IT workers built the protocols you know and love, all…
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