UK financial services bill amendment regulates crypto activities
The Financial Conduct Authority will now have the authority to regulate operations involving crypto assets if the updated bill is approved. The bill already addressed stablecoin regulation from the outset. A change to the Financial Services and Markets Bill, which is now being debated in the UK Parliament , would allow for the regulation of […]
Gavin Wood steps down as CEO of Parity Technologies
Co-founder of Polkadot Gavin Wood is resigning from his position as CEO of blockchain infrastructure provider Parity Technologies (Polkadot ecosystem’s development firm). Gavin Wood admitted that he had no interest in becoming CEO of Parity in a statement made public on October 21. Although he could do so in the short term, he did not […]
Gate.io faces phishing hack on Twitter account
Over a million users of the cryptocurrency exchange Gate.io were at risk of losing money due to an ongoing scam involving a fake giveaway of 500,000 Tether (USDT)by the hackers on the exchange’s official Twitter account. Unknown hackers took control of Gate.io’s Twitter account and changed the URL of the website from Gate.io to gte.com […]