S&P Global Launches Stablecoin Stability Assessment Tool
S&P Global Ratings, a provider of financial services, has introduced its stablecoin stability evaluation to increase the stablecoin transparency of the blockchain ecosystem. S&P Global stated in its announcement that the primary objective of the token stability assessment is to determine whether a stablecoin maintains its value compared to a fiat currency. Stablecoins have evolved […]
SEC Serves Suit to HEX Founder Richard Heart in Finland
The United States Securities and Exchange Commission stated that it served HEX founder Richard Schueler, also known as Richard Heart, at his residence in Helsinki via an alternate method, the capital of Finland, on behalf of the commission. The SEC stated in a filing with the New York District Court on December 11 that Heart […]
OKX Exchange Suffers $400K Hack Due to Security Breach
Hackers took over management rights for an abandoned OKX DEX market maker contract and hacked a significant vulnerability on the well-OKX exchange, stealing over $400,000 from user accounts. A recent occurrence involves the OKX decentralized exchange (DEX) being exploited, which has led to the misappropriation of funds from purses that have been granted authorization to […]
IRS Investigations List 4 Crypto Crimes on Top of Cases in 2023
For the year 2023, the “most prominent and high-profile investigations” of the United States Internal Revenue Service (IRS) criminal investigation unit have included four cases about cryptocurrencies in its top ten. The IRS unit announced on December 11 that four significant cases involving confiscating cryptocurrencies, fraudulent practices, money laundering, and other schemes occurred in 2023. […]
Chinese Ministry to Implement Blockchain-based Identity Verification
The Chinese Ministry of Public Security intends to implement RealDID, a blockchain-based identity verification platform, to authenticate the actual names of its citizens and keep personal data and identity credentials safe. The Chinese government is collaborating with the Blockchain Service Network (BSN), a Chinese blockchain firm, to organize an event on December 12. A press […]