Author: e_cash_top
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SEC Chairman wants the CFTC to regulate Bitcoin, Ethereum
[ad_1] The Chairman of the SEC said he would support Congress handing more power to the CFTC to regulate cryptocurrencies. Speaking at an industry conference on Thursday, Gary Gensler said he was looking forward to giving the Commodity Futures Trading Commission greater authority over the crypto market âas long as it doesnât take away power…
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Saylor says Bitcoin’s Lightning Network most important technology in the world right now
[ad_1] Bitcoin Maximalist Michale Saylor argued that Bitcoinâs Lightning Network is the most important development going on in the world of technology. Saylor made the comment during his talk at a bitcoin-only conference, where he also announced that Microstrategy is at the early stage of developing its Lightning network infrastructure. He argued that Lightning will…
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Bifrost, Coinbase Cloud collaborate to offer cross-chain liquid staking on Kusama
[ad_1] Cross-chain liquidity provider Bitfrost has collaborated with Coinbase Cloud to offer its liquid staking service on the Kusama network, according to a Sept.6 announcement. Bifrost was built using the cross-consensus messaging (XCM) system which allows for easier transfer of liquidity for assets staked across the Polkadot ecosystem. The collaboration will see Bifrost leverage Coinbase…
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Investor Mike Alfred takes shots at HEX as it slides below $0.04
[ad_1] Value investor Mike Alfred recently slammed HEX as the divisive token dipped below $0.04. Bulls have since raised its price back above this level, to $0.042 at writing. Source: HEXUSDT on TradingView.com However, year-to-date, HEX has lost 85% of its value and dropped 92% from its all-time high of $0.51, achieved on September 19, 2021.…
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Coinbase finances Tornado Cash users’ lawsuit against US Treasury Department
[ad_1] Coinbase is financing a lawsuit filed against the US Treasury Department by six users of sanctioned crypto protocol Tornado Cash, CNBC reported on Sept. 8. The lawsuit argued that the sanctions were a violation of the plaintiffsâ rights as guaranteed by the US constitution, adding that the authorities overstepped their authority in sanctioning a…
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New Free DAO crashes 99% after $1.25M flash loan attack
[ad_1] A flash loan attack launched against New Free DAO (NFD) has drained $1.25 million from the protocol and caused its token price to crash by 99%. Blockchain security firm Certik raised an alarm about the attack via Twitter on Sept. 8. The attacker manipulated NFDâs âaddMember()â function to add himself as a member, which…
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Celsius borrowers oppose US Trustee’s move to appoint internal examiner
[ad_1] McCarter & English, a law firm representing four Celsius borrowers, has filed a motion asking for the appointment of a chapter 11 Trustee instead of an internal examiner from the U.S. Trusteeâs office. The U.S. Trusteeâs office had on Aug. 18 petitioned the court overseeing the bankruptcy process to appoint an independent examiner. In…
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Chainalysis helps US government seize $30M linked to Axie Infinity hack
[ad_1] Chainalysis revealed that it helped the US government seize over $30 million from North Korea-linked hackers of the Axie Infinityâs (AXS) Ronin Bridge. 2/ With the help of law enforcement & leading orgs in the #crypto industry, more than $30M worth of #crypto stolen by North Korean-linked hackers has been seized. In this thread,…
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Cryptocurrencies at risk as new UK Prime Minister contends with economic challenges
[ad_1] On September 5, Liz Truss was officially declared Britainâs new Prime Minister (PM) after almost three months of campaigning. The determining round was decided by a party member vote, in which Truss beat rival Rishi Sunak 57.4% to 42.6%. The next dayâs front pages were littered with images of Truss beaming with victory. However,…