Platypus Finance Recovers 90% of Assets Lost in Exploit
90% of the funds stolen in a security breach last week have been recovered, according to the decentralized finance (DeFi) protocol Platypus Finance. The protocol’s net loss, as stated in the release from October 17, was restricted to 18,000 AVAX (AVAX $9.13), worth $167,400 at the time of publication. Platypus Finance stated it “will guarantee […]
SUI Coin Under Scrutiny for Lying About Circulation Volume
Sui Coin is facing a probe by the Financial Supervisory Service (FSS) for allegedly lying about its circulation volume and staking profits. The Financial Supervisory Service (FSS) is looking into Sui Coin for allegedly lying about its circulation volume and staking revenues. The Joint Council of Digital Asset Exchanges (DAXA), which Sui Coin used to […]
BNB Chain to Offer New Decentralized Storage System
BNB Chain ecosystem has achieved a significant milestone by launching the mainnet of its eagerly awaited Greenfield. Users can upload files and data, set personalized access rules, and store information redundantly over a decentralized network of storage providers using Greenfield, a unique blockchain explicitly designed for decentralized data storage. According to a recent statement, Greenfield […]
Binance.US Halts Direct Dollar Withdrawals
Binance.US, in response to increasing regulatory scrutiny and operational difficulties, adjusts operations and stops USD withdrawals. Major cryptocurrency exchange, Binance.US has started making important changes to its financial operations in the US. The platform stopped all direct US dollar withdrawals this week. Customers must now convert US dollars into stablecoins or other digital assets before […]
Australia Proposes New Licensing Regime for Crypto Exchanges
The Australian Treasury has posted a consultation paper outlining a new regulatory framework for cryptocurrency exchanges. Companies that deal in cryptocurrencies will need to apply for a financial services license under the new legal framework. The main goal of the new regulatory framework will be to safeguard investors without impeding the development of the Australian […]