South Korean Upbit crypto exchange faces monopoly probe
South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank before the latter’s IPO, which is expected in late October.
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Chasing the hottest trends in crypto, the EU works to rein in stablecoins and DeFi
In cryptoland, the fall tends to be regulators’ open season. As unprecedented as it’s been, 2020 is no exception to this trend. Tensions are high on both sides of the Atlantic: As markets were still processing the news of the United States Commodity Futures Trading Commission cracking down on derivatives exchange platform BitMEX, the Financial…

Microsoft, Goldman Sachs, others partner in new blockchain network
The Canton blockchain network for financial institutions is being launched by Digital Asset and a group of firms, including Microsoft, Goldman and Deloitte. 1028 Total views 7 Total shares A new blockchain network aimed at financial institutions is in the works from a conglomerate of participants in the finance and tech space, including the likes…

Solana cracks down on validator sandwich attacks
Sandwiching occurs by placing one order before the transaction and another immediately after, which ensures that retail always gets the worst possible price.

Bombshell allegations of fraud as KeyFi takes Celsius to court
Staking software and investment firm KeyFi Inc. has filed a complaint against beleaguered crypto-lending firm Celsius, alleging the company had been operating in a “Ponzi” style fashion and that it failed to honor a profit-sharing agreement “worth millions of dollars.”The complaint, filed on July 7, alleges that Celsius has refused to honor a “handshake agreement”…

Canadian Securities Regulator ‘Looking Into’ QuadrigaCX Cryptocurrency Exchange
The Ontario Securities Commission (OSC) has initiated a probe into Canada’s major cryptocurrency exchange QuadrigaCX, Reuters reported on Feb. 8.The Ontario Securities Commission reportedly told Reuters that “given the potential harm to Ontario investors, we are looking into this matter and have already been in contact with the monitor.” OSC spokeswoman Kristen Rose reportedly declined…

Clear Governance Key for Enterprise Blockchain to Move Forward
Law expert believes a governance structure where risks and rules are thought through is the key for enterprise blockchain to move ahead. 2177 Total views 16 Total shares A clear governance structure within a decentralized ecosystem is the key for enterprise blockchain to move away from uncertainties said Mark Radcliffe, a partner at global law…

Credit Suisse data leak reveals decades of shady clients and activity
Swiss bank secrecy laws have protected Credit Suisse from having to disclose whether it was banking criminal activity, which is a far cry from the transparency blockchain technology offers. 707 Total views 26 Total shares Leaked data shows that until recently, Swiss bank Credit Suisse held accounts valued at more than $100 billion for sanctioned…

December DeFi exploits were the lowest in 2022: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The end of 2022 saw the least value of stolen funds from DeFi, with $62 million worth of exploits in December. While the figure might seem a relief given the…