Web3 Archives - Page 17 of 49

Blockchain

Frax Finance Opens Vote on BlackRock’s BUIDL as Backing Asset for Stablecoin

December 27, 2024 Dan K

Frax Finance launches a vote to use BlackRock’s BUIDL fund as a reserve asset for its proposed stablecoin. All current votes favor the proposal.

Japanese Financial Services Agency headquarters with a focus on crypto regulation discussions

Japan’s FSA Pushes for Stronger Internal Audits in Crypto Exchanges

December 26, 2024 Dan K

Japan’s FSA urges enhanced internal audits for crypto exchanges in its 2024 guidelines, aiming for better financial oversight and cyber risk mitigation.

A digital illustration of cryptocurrency theft linked to North Korean hackers, highlighting global sanctions and cybercrime.

South Korea Sanctions 15 North Koreans Over Crypto Heists and Cyber Theft

December 26, 2024 Dan K

South Korea sanctioned 15 North Koreans tied to $1.3B crypto thefts in 2024, accusing them of funding DPRK’s nuclear weapons and missile programs.

David Sacks discussing US Bitcoin acquisition at Bitcoin 2025 conference

Russia Expands Use of Bitcoin in Foreign Trade, Says Finance Minister

December 25, 2024 Dan K

Russia is using Bitcoin and digital assets for foreign trade, bypassing sanctions. Finance Minister Siluanov confirmed these developments on Dec. 25.

Turkey implements new cryptocurrency AML regulations in 2025 to curb illicit financial activities.

Turkey Implements Stricter Crypto AML Regulations Starting February 2025

December 25, 2024 Dan K

Turkey’s crypto AML rules, effective Feb. 2025, require user identification for $425+ transactions and allow halting of risky transfers lacking info.

Jump Crypto and Securitize team up to scale real-world asset tokenization via blockchain

DeFi Hacks Drop 40% in 2024, CeFi Breaches Surge to $694M

December 24, 2024 Dan K

DeFi losses fall 40% in 2024 to $474M, while CeFi breaches surge to $694M. Improved DeFi protocols contrast with CeFi’s growing vulnerabilities.

Michael Saylor announces MicroStrategy’s Bitcoin holdings reaching 444,262 BTC after purchasing 5,262 BTC for $561 million.

MicroStrategy Acquires 5,262 BTC for $561M, Total Holdings Reach 444,262 BTC

December 23, 2024 Dan K

MicroStrategy buys 5,262 BTC for $561M, raising its holdings to 444,262 BTC. Joining Nasdaq 100 highlights its growing influence in Bitcoin advocacy.

Illustration of cryptocurrency under investigation for fraud with legal documents and a magnifying glass.

California Residents Indicted in $22M Crypto Fraud Case

December 22, 2024 Dan K

California residents Gabriel Hay and Gavin Mayo indicted for a $22M crypto fraud involving NFT rugpulls and investor scams, facing decades in prison.

Tai Mo Shan settles with SEC for $123 million over TerraUSD collapse

Jump Crypto Subsidiary Tai Mo Shan Settles with SEC for $123 Million

December 22, 2024 Dan K

Jump Crypto’s Tai Mo Shan settles with SEC for $123M over misleading TerraUSD stability claims, spotlighting stablecoin risks and regulatory impact.

Image of Rostislav Panev, accused LockBit ransomware developer, linked to cybercrime activities involving cryptocurrency.

US Charges Developer Linked to LockBit Ransomware Group, Paid in Crypto

December 21, 2024 Dan K

The US DOJ charged Rostislav Panev for creating ransomware tools for LockBit, earning $230K in crypto. Arrested in Israel, he awaits US extradition.