Regulation
The regulator’s decision supports the idea that existing security laws apply to crypto markets.
Ethereum
The Arbitrum Foundation has joined a growing list of contenders to provide Celo a tech stack for its planned migration to being an Ethereum Layer 2 network.
Bitcoin
A new research note from the banking giant has a cautious outlook for the crypto industry, and expects Bitcoin to underperform against lofty expectations.
Business
The hardware wallet maker says the vulnerability has been fixed, but users of several dApps and protocols are still being warned against using them until the situation is clearer.
DeFi
A faulty multisig script resulted in a large amount of the Yearn protocol’s treasury being drained, with the affected tokens being “strictly protocol-owned liquidity.”
CTFC Chair Rostin Behnam said that most crypto tokens constitute commodities, while admitting that there is a “turf war” between regulatory bodies when it comes to jurisdiction over the crypto industry.
The Treasury Department’s Office of Foreign Assets Control (OFAC) said the penalty related to 989 transactions that were processed for CoinList users between April 2020 and May 2022.
In a new post, the Ethereum co-founder laid out the benefits and challenges of an “enshrined” ZK-EVM to improve security and speed.
The guidance will allow companies to record profits when the value of their crypto holdings increases, and not just losses when the value of those holdings falls, as was previously the case.
The platform said it was working to locate the stolen funds and will reimburse affected users.
