Search Results for: US treasury

Solidus Labs Unveils First-of-its-kind Web3 AML Solution, Flagging Close to 200,000 Rug Pulls and Smart Contract Scams That Make Up 8% of All Ethereum Tokens

In a major step towards de-risking DeFi, data released by Solidus reveals that a new token pre-programmed to scam users is created every 4 minutes on average, and the illicit funds from these scams often flow through and are potentially laundered via centralized crypto exchanges NEW YORK–(BUSINESS WIRE)–#blockchain–Crypto market integrity

October 27, 2022 6 mins read

Strix Leviathan Names Industry Veteran Matthew McBrady as Head of Strategy

Former CIO of BlackRock’s Multi-Strategy Hedge Fund and Clinton Economic Advisor to Join Leading Quant Crypto Firm NEW YORK–(BUSINESS WIRE)–Strix Leviathan, a leading quantitative investment firm providing investors with actively managed exposure to the digital asset ecosystem, today announced that Matthew McBrady, PhD, has joined as Head of Strategy. In

October 25, 2022 4 mins read

Coinbase to Custody MakerDAO’s USDC Funds Worth $1.6B

The USDC is a third of the treasury supporting Maker’s Peg Stability Module. The DAO will receive up to 1.5% rewards on the assets. After being presented by Coinbase Institutional on September 6, the proposal passed with 75% approval on Monday afternoon. The USDC is a third of the treasury

October 25, 2022 1 min read

Hacker Returns All Stolen Funds After Exploiting OlympusDAO

The Olympus treasury holds a variety of assets including DAI and FRAX. OlympusDAO is a decentralized reserve currency system using the OHM token. Early this morning, a hacker stole 30,000 OHM tokens from OlympusDAO, which are valued at over $300,000. However, hours later, the attacker returned the assets to the

October 22, 2022 1 min read

JPMorgan Registers Crypto Trademark Dubbed ‘JP Morgan Wallet’

JPMorgan Hires Ex-Celsius Personnel as Head of Crypto Policy

Despite CEO Jamie Dimon’s criticism of Bitcoin and other cryptocurrencies as “decentralized Ponzi schemes,” the biggest investment bank in the world, JPMorgan has hired a new head of the digital assets regulatory policy division. According to Bloomberg Law, Aaron Iovine, who formerly worked in a similar role at the insolvent

October 20, 2022 1 min read

USDT Issuer Tether Reduces Commercial Paper Holdings to Zero

Commercial papers are short-term, unsecured debt instruments. The company had pledged to eliminate its commercial paper entirely by year’s end. One of the biggest stablecoin, Tether (USDT), has been in the news for a few different reasons recently. Although not everything that happened had a happy ending. An objection was

October 14, 2022 1 min read

Russian President Proposes New Digital Payment System

Russian Paramilitary Groups Turn to Crypto Avoiding Sanctions

$400,000 have been raised since the beginning of the invasion in February. The entity bought things like survival gear and ordinary military gear. According to an analysis by blockchain intelligence company TRM Labs, pro-Russian organizations are using crowdfunding campaigns. In order to raise a substantial quantity of Bitcoin and other

October 9, 2022 2 mins read

Solana Yield Manager 'Texture' Secures $5 Million

MakerDAO To Invest $500M in U.S Treasury and Corporate Bonds

It started with a $1 million pilot transaction, and the rest will follow shortly. MakerDAO’s native stablecoin, DAI, will be converted to US dollars. In a Thursday announcement, MakerDAO, the biggest DeFi lending protocol in the world, said it will invest $500 million in US Treasury bonds and investment-grade corporate

October 7, 2022 2 mins read

Strong Recommendation of Crypto Regulation to the US Congress

FSOC Report provokes the mandatory need of crypto regulation in the US The UN forecasts a 2.5% drop in global economic growth this year. The Biden administration and the Capitol Hill, a.k.a the US Congress, are in serious conversation to enforce a crypto regulatory framework in the United States. The

October 4, 2022 2 mins read

U.S Government Pushing Congress To Regulate Crypto Sector

The Biden administration has urged Congress to act swiftly to establish a stable regulatory framework for cryptocurrencies. It is becoming more obvious that countries throughout the world are adopting cryptocurrencies. Despite certain nations’ lack of support, the cryptocurrency market remains popular among investors. This is true in a number of

October 4, 2022 2 mins read