CFTC and SEC propose amending reporting rules for hedge funds
The SEC and CFTC cited development in the hedge fund business as the rationale for the proposed adjustment. Large advisers to certain hedge funds would be required to disclose any exposure to digital assets, according to a proposal from the Commodity Futures Trading Commission and the Securities and Exchange Commission of the United States. The […]
Curve Finance fixes site bug, tells users to cancel recent contracts
Users claim that over $573,000 USD was stolen as a result of an exploit of the Curve Finance website’s front end. Automated market creator Curve Finance used Twitter on Tuesday to alert users of a vulnerability on its platform. The protocol’s developers observed that the problem, which seemed to be a malicious actor’s attack, was […]
Crypto market decline cost Coinbase $1.1 billion in Q2
Since Coinbase went public on the Nasdaq Stock Exchange in April 2021, this is its largest quarterly net loss. The world’s largest cryptocurrency exchange, Coinbase, blamed a “fast and furious” decline in the cryptocurrency markets. It had a stunning $1.1 billion net loss in the second quarter of 2022, which also saw a decline in […]
Tether affirms that it will support post-Merge Ethereum
According to Tether, a seamless transition is crucial for the DeFi ecosystem’s platforms, including those that use their tokens. Stablecoin juggernaut Tether has now formally confirmed its support for Ethereum’s forthcoming Merge upgrade and conversion to a Proof-of-Stake (PoS) consensus mechanism-based blockchain, after an official announcement by USD Coin (USDC) issuer Circle Pay. The announcement […]
Iran makes $10M import with crypto, aims ‘widespread’ use by Sept
Iran has been compelled to adopt crypto as a means of exchange for international trade agreements as a result of ongoing economic sanctions against the Islamic regime. Iran has made its first international import order worth $10 million in cryptocurrencies, according to a top government trade official, despite being subject to decades of economic restrictions. […]