The growing popularity of decentralized finance (DeFi) has prompted increased scrutiny from regulatory authorities. Recently, the DeFi Education Fund publicly requested that the U.S. Department of Justice (DOJ) reevaluate its stance on the accountability of DeFi protocol developers. In a blog post co-authored by legal experts Miller Whitehouse-Levine and Amanda Tuminelli, the advocacy group emphasized
As of now, the cryptocurrency landscape remains tumultuous, with Ethereum (ETH) grappling below the crucial $2,800 mark. Despite being the second-largest cryptocurrency by market capitalization, ETH has not followed Bitcoin’s bullish trends in recent months. The asset’s depreciation of 24% over the past 30 days has left investors perplexed and concerned about its future trajectory.
On February 4, 2025, Ripple’s XRP Ledger (XRPL) experienced a significant yet brief outage that disrupted block production for approximately one hour at the ledger height of 93,927,173. As Ripple’s Chief Technology Officer David Schwartz later observed, the root cause of this disruption remained unclear, but the system managed to recover autonomously without necessitating substantial
Thailand’s financial landscape is undergoing a transformation as the Securities and Exchange Commission (SEC) gears up to implement a Distributed Ledger Technology (DLT)-based trading system for debt instruments. This innovative initiative aims to empower securities firms to engage more actively in digital token trading, thereby enhancing the overall efficiency and accessibility of the capital market.
The cryptocurrency market has recently experienced a considerable downturn, sending shockwaves through the investment community. The flagship cryptocurrency, Bitcoin, saw its value plummet below the $100,000 mark, raising alarms and stirring panic among many investors. This article explores the implications of this volatility, particularly emphasizing the contrasting behaviors of long-term and short-term holders during this
As WazirX navigates a tumultuous chapter marked by unprecedented challenges, creditors find themselves at a critical juncture. In the coming weeks, these stakeholders will deliberate the fate of their claims, with options that range from a structured compensation strategy to the ominous prospect of liquidation. This decision follows a pivotal ruling from a Singapore High
The world of cryptocurrency has always been characterized by volatility and rapid changes, none more so than during the tumultuous events surrounding the downfall of FTX, once a leading exchange in the crypto space. As the saga unfolds, one notable development emerges on February 18: FTX is preparing to distribute funds to small creditors as
The recent indictment of 22-year-old Andean Medjedovic has sent shockwaves through the cryptocurrency community, drawing significant attention to the vulnerabilities within decentralized finance (DeFi) protocols. U.S. authorities allege that Medjedovic illegally siphoned off around $65 million from two prominent DeFi platforms—Indexed Finance and KyberSwap—between 2021 and 2023. This hefty sum, which could have supported legitimate
The cryptocurrency sector has long navigated a maze of regulatory challenges, but recent developments signal a potential shift towards clearer governance. As the Biden administration focuses on constructing a comprehensive legal framework around digital assets, policymakers are emphasizing the significance of regulated environments to harness innovation while mitigating risks. The formation of a dedicated crypto
In a notable turn of events, both Crypto.com and Kalshi find themselves at the center of a regulatory examination by the Commodity Futures Trading Commission (CFTC). The agency’s inquiry seeks clarification on how the recent event contracts related to the Super Bowl comply with existing derivatives regulations. This scrutiny is crucial as it highlights the
