Sber Russia’s largest bank sets to launch its digital asset tool in September
Sber, Russia’s largest bank, is continuing to thrive in the blockchain industry as it sets to register its digital assets tool this month according to the bank’s executive board deputy chairman. According to local news agency TASS, Anatoly Popov, deputy chairman of the executive board at Sber, the bank plans to register its digital asset […]
Stolen Assets Have Been Fully Recovered, Says Poly Network
The Poly Network team has stated that it has completed the recovery procedure for the $610 million in crypto assets that were stolen by hackers on August 10. Earlier this month, the Poly Network , a decentralized finance (DeFi) cross-chain protocol, was hacked, resulting in the loss of a record-breaking $610 million. Poly Network has […]
Celsius reportedly holds more than $20B in digital assets
Celsius Network, a cryptocurrency lending platform, has announced that it currently holds more than $20 billion in digital assets, making it one of the largest companies in the decentralized finance industry. During a Tuesday press conference, Celsius said the value of its holdings had increased by more than 1,900 percent in less than a year, […]
The agency has broad enforcement authority on crypto derivatives – CFTC commissioner
Dawn Stump, one of four current commissioners of the Commodity Futures Trading Commission, or CFTC, has issued a statement defining the agency’s power over digital assets and cryptocurrencies. Stump said in a statement on Monday that the CFTC has both regulatory and enforcement authority over commodities. “Even if a digital asset is a commodity , […]
Coinbase discloses plans to add $500M worth of crypto to its digital assets
While unveiling intentions to add half a billion dollars worth of crypto to its balance sheet, Coinbase CEO Brian Armstrong anticipates the percentage of income spent on cryptos to climb over time. In an August 20 tweet, Coinbase CEO Brian Armstrong revealed that the business’s board of directors had approved the crypto spending spree, adding […]