The U.S. Securities and Exchange Commission may be focused on custodial staking programs today, but does it also have proof-of-stake blockchain networks in its sights?
DeFi platforms can comply with regulations without compromising privacy — Web3 exec
Zero knowledge proofs, DIDs, and more could help DeFi protocols maintain regulatory compliance without exposing their users.
GBBC Digital Finance joins international securities organization as an affiliate member
GBBC Digital Finance is now one of over 200 affiliated members of the International Organization of Securities Commissions, which also includes 35 national regulators.
Breaking: Circle squashes rumors of planned SEC enforcement action
Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator but a Circle executive rebuffed the claim.
Jump Crypto unveils critical vulnerability on Binance’s BNB Chain
The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team.
Binance upgrades Proof of Reserves verification to include zk-SNARKs
The zk-SNARKs upgrade promises to significantly improve the security and transparency of the verification process.
Coincover secures $30 million in funding to strengthen digital asset security
The funding round was led by Foundation Capital, with follow-on investment from CMT digital.
Crypto and securities: New interpretation of US Howey test gaining ground
Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions.
Uniswap’s BNB deployment should use multiple bridges, claims LIFI CEO
The LIFI executive proposed that a team of four researchers be appointed to study the idea of a multi-bridge approach.
Fujitsu launches Web3 acceleration platform for startups and partner companies
Fujitsu’s Web3 Acceleration Platform promised to provide blockchain-based service APIs, high-computing technologies, simulations, and AI, for developers building Web3 applications and services.
DeFi securitization of real-world assets poses credit risks, opportunities: S&P
Decentralized finance protocols could attract institutional interest if they get securitization right, according to S&P Global Ratings.
Scammers are targeting crypto users with new ‘zero value TransferFrom’ trick
The trick allows the attacker to confirm zero-value transactions from the victim’s wallet, hijacking the user’s transaction history.
Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6
While the British Treasury emphasizes the liberal approach, Australia goes with the profound taxonomy of all the crypto assets.
How to protect against crime in the metaverse
To protect against crime in the metaverse, take precautions, such as using secure passwords, and report suspected criminal activities to law enforcement.
Developers seek solutions for Web3-related scams from internet browsers
A new suite of tools for Web3 businesses targets the safety and security of transactions, websites and smart contacts to combat exploits.
Judge dismisses proposed class action suit alleging Coinbase securities sales
The decision did not address the question of whether the 79 tokens in questions were securities, but dismissed claims based on the Securities and Exchange Acts.
Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program
According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations.
LayerZero bridging protocol denies accusation of ‘critical vulnerabilities’
LayerZero is the protocol used by Stargate bridge, which has over $382 million locked in its smart contracts.
SEC settles on security claim in LBRY case, community calls it a big win for crypto
SEC was hoping to seek affirmation on an ambiguous injunction after scoring a victory during a hearing in November last year, but judges made it clear that the judgment was only for the direct sale.
Polkadot restates its case that DOT has ‘morphed’ away from security status
The Web3 Foundation has reminded the world that, in its eyes, it has conformed to SEC requirements and DOT should no longer be considered a security.