SEC launches crypto task force led by Hester Peirce
The US financial watchdog announced on Jan. 21 a task force aimed at developing a regulatory framework for digital assets.
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Bithumb Partners With Chainalysis Amid Tightening Korean Regulations
On March 10, major South Korean cryptocurrency exchange Bithumb announced it has partnered with crypto forensics firm Chainanylsis following the passing of new Korean crypto regulations.Bithumb will employ Chainalysis’s “Reactor” investigations tool to examine suspicious activity on its platform in a bid to comply with Korea’s recently amended Special Financial Transactions Information Act.South Korean crypto…

White Hat Hackers Earn $32,000 for Finding Crypto Security Exploits in Last Two Months
White hat hackers have earned $32,000 in bounties over the last two months by reporting security holes in crypto and blockchain projects, according to a report by Hard Fork on May 20.This lump sum of over $30,000 was distributed by 15 firms from March 28 to May 16 and documented in 30 public bug reports,…

SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP
SBI invests $30 million in major crypto liquidity startup soon after revealing Japan’s first digital fund comprising 50% XRP. 512 Total views 8 Total shares SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2.The investment marks the beginning of a…

ProgPow Is Dead, Long Live ProgPow: Ethereum Developer Call Summary
The Ethereum (ETH) All Core Devs call to decide on the fate of ProgPow was held on March 6. Despite a tentative decision to reformulate the mining algorithm as “Ethash 2.0,” the call raised more questions than it answered.The call lasted approximately three hours, two of which were entirely dedicated to ProgPow. Several representatives of…

When Big Ben Rings: UK FCA’s Stance on Crypto Seen as Harsh but Fair
Recently, the United Kingdom’s Financial Conduct Authority released a detailed statement urging all local crypto business operators to register with the government watchdog by June 30. As part of the document, the regulator has made it absolutely clear that applications will need to have been processed, at the latest, by the end of the official…

Sam Bankman-Fried still speaking at events and the community is furious
Former FTX CEO Sam Bankman-Fried has once again attracted the ire of the crypto community — this time over his slated appearance at an upcoming New York City conference on November 30. Vocal members of Crypto Twitter have questioned why the former CEO of the now-bankrupt exchange continues to walk free given the events over the last…

FDUSD stablecoin depegs following claims made by Justin Sun
First Digital Trust has denied Justin Sun's claims of liquidity issues, saying it is part of "smear campaign." The First Digital US-dollar pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent. First Digital

Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition
According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts.