Court Orders SEC, Binance.US to Negotiate Compromise
United States District Judge Amy Berman Jackson has ordered Binance.US and the United States Securities and Exchange Commission (SEC) to negotiate a compromise to prevent the exchange’s assets from being frozen. Bloomberg reported on June 14 that U.S. District Judge Amy Berman Jackson referred the two organizations to a magistrate judge to negotiate a compromise […]
Swyftx Crypto Exchange Lists SHIB Ecosystem’s BONE Token
On Monday, Swyftx, a cryptocurrency exchange registered in Australia and New Zealand, announced that it had listed Shiba Inu (SHIB) Ecosystem’s Bone (BONE) token. The Australian-based cryptocurrency exchange Swyftx announced on Twitter on June 12 that it has added the Bone ShibaSwap (BONE) token to its platform. The BONE gas token can now be traded […]
DeFi Protocol Sturdy Finance Sees $800K Hack
Decentralized finance (DeFi) protocol Sturdy Finance lost 442 Ether worth nearly $800,000 due to a vulnerability that ultimately allowed the exploiter to manipulate a flawed price oracle and drain funds from the protocol. PeckShield, a blockchain security company, alerted Sturdy Finance on June 12 about a transaction that appeared to be related to price manipulation. […]
Reddit Crypto Communities Protest New Company Policies
Numerous subreddits on Reddit, including prominent crypto subreddits, decided unanimously to go private for 48 hours in protest of new company policies prohibiting the use of third-party applications. Reddit announced in April plans to modify how users interact with the Reddit Data application programming interface (API). This seven-year-old application allows developers to create tools and […]
MiCA Features on EU Official Journal
Markets in Crypto-Assets (MiCA) legislation, the regulatory framework for crypto assets among EU member states, was published in the Official Journal of the European Union (OJEU) on June 9. Marking its countdown to implementation on December 30, 2024. The regulations, signed into law on May 31 after their initial introduction in 2020, seek to establish […]