Coinbase Takes Bold Legal Action Against SEC: A Battle for Crypto Regulatory Clarity
Coinbase has filed a lawsuit against the US SEC over regulatory ambiguity in the crypto industry, following the SEC's July 2022 Petition. The legal action challenges the SEC's classification of digital assets as securities and its interpretation of the Howey Test. The outcome will significantly impact the future of digital assets, highlighting the need for clear regulations and cooperation between the crypto industry and the SEC.
Hacker Jacob Returns Funds and Apologizes for Euler Finance’s $200 Million Exploit
The hacker behind Euler Finance's $200m exploit has returned more funds to the protocols and seemingly apologized on the blockchain. The attacker, who identified themselves as Jacob, sent 7,000 ether and $10m worth of DAI stablecoins to the protocol, bringing the total returned to over $120m.
Silicon Valley Bank's Collapse Raises Concerns for Stablecoin Ecosystem
The recent depegging of USDC from $1 has raised concerns within the cryptocurrency industry about the stability of the stablecoin ecosystem. The collapse of Silicon Valley Bank (SVB), where Circle held $3.3 billion or 8.2% of its USDC reserves, caused uncertainty and resulted in USDC's initial depegging on Friday.
Stablecoins In Trouble? USDC, DAI, USDD Depeg As SVB Crisis Deepens
Over the last day, the value of USD Coin (USDC), the second largest stablecoin, decreased by 11% relative to its pegged value to the U.S. dollar.
Visa and Mastercard Delay Cryptocurrency Partnerships Amid Regulatory Uncertainty
American payment processing companies, Visa and Mastercard have delayed launching new partnerships with cryptocurrency firms due to the increased regulatory scrutiny in the industry, caused by a series of high-profile bankruptcies.
USD Coin (USDC) Means: How it Works and Is a Good Investment
When a USD coin is deposited, it creates a smart contract that is equivalent to one US Dollar, making it a stable cryptocurrency.
Banking Circle Introduces USDC as a Payment Method
Banking Circle, an EU-regulated payments bank, has announced the integration of the USD Coin (USDC) stablecoin into their payment rail.
Bybit Introduces Futures Contracts with USDC Stablecoin Settlement
Bybit, a Singapore-based digital asset exchange, has expanded its crypto options trading services to users with the introduction of new futures contracts paid in USDC stablecoins.
Are Stablecoins Really Stable?
The report noted that the USDC has a significant advantage over the USDT regarding the free float supply on the Ethereum blockchain.
Terra Crashed Spectacularly. Here's How It Launched.
It took four years for Terraform labs to grow as big as it did, with key moments along the way.
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