Kraken exchange platform holds customers from the country listed in Sanction. Around 2K “verified accounts” are from Iran, Syria, and Cuba. Kraken, a notable crypto exchange, has been under investigation by the U.S Treasury Department. The investigation is due to the suspension of the platform for allowing users from restricted
The functioning of the smart contract has been paused for a brief time period. More than $1 million Audio token has been hacked. The decentralized music streaming service Audius was hacked on July 24 at dawn. They disclosed that the theft had caused the company loss of more than $1
There was a total of $13.58 billion in Circle’s bank accounts at regulated U.S. institutions. Treasury bonds presently hold an additional $42.1 billion. The stablecoin’s backers, Circle, published their first monthly summary of the token’s assets only last week. USDC is currently stored only in cash and three-month U.S. Treasury
Celsius Network paid off $113,105,000 on its Aave and Compound loans. Celsius freed up more than $450 million in collateral. Since last week’s wave of bitcoin loan repayments, the troubled cryptocurrency lender Celsius Network which has suspended customer withdrawals due to liquidity issues has paid off $113 million on its
There will be no reserve factor for GHO interest payments. “Facilitators” have also been included as a notion in the plan. DeFi protocol AAVE proposes the creation of GHO, a native collateral-backed stablecoin tied to the US Dollar. The company behind AAVE, Aave Companies, has up a proposal for a
Russia has even extended the 30 days extension for returning the international debits. The last debt failure was in 1998 for $40 billion during the ruble collapse. Russia seems to be stuck in incessant troubles post the war on Ukraine. Ever since the country invaded neighboring regions, cross-border relationships don’t
Fed will have to continue its strong posture until the next meeting. Following the data release in May, Treasury rates spiked, and stock futures plummeted. On June 15, the U.S Federal Reserve will meet to decide interest rates, and investors fear a more hawkish tone from the central bank, which
The 6050I clause is not intended to gather information about third parties. Toward that goal, Coin Center issued an open letter to the crypto community. There is a lawsuit against the Treasury Department by a non-profit blockchain advocacy organization Coin Center for allegedly including an unconstitutional addition in their infrastructure
Syscoin is meant to be utilized by everyone from the unbanked to the world’s most powerful corporations and governments. In order to provide the most competent platform with Bitcoin’s security, Ethereum’s versatility, and its own scaling solutions, the firm is constantly upgrading its blockchain architecture. It completed the first part
According to Solana, gaming, and NFTs make up the majority of South Korea’s activity. Recently, NFT trading and DeFi operations have increased on Solana. Web3 enterprises in South Korea will be supported by a $100 million investment and grant pool created by Solana Ventures and the Solana Foundation. By investing
