Summary: JP Morgan is experimenting with blockchain technology in trading traditional financial assets. JP Morgan plans to expand to tokenized equities, fixed income collaterals, and other asset types. The bank could also dip its feet into...
Summary: The European Central Bank has published an informative new article on digital assets titled ‘Decrypting Financial Stability Risks in Crypto-Asset Markets’. The informative article describes the stablecoins of TerraUSD (UST) and Tether (USDT) as not...
Summary: The Curve Finance community has released a proposal to remove UST pool gauges. The proposal argues that CRV should not incentivize UST pools as it will create a negative loop for CRV. There are six...
Summary: Aurora has launched a token fund worth $90 million geared towards financing DeFi-based applications on the Near Protocol The fund also is geared toward attracting developers to Aurora and the Near Protocol Aurora is an...
Quick take: KuCoin has raised $150 million in a pre-series B funding round at a $10 billion valuation The funding round was led by Jump Crypto with additional participation by Circle Ventures, IDG Capital, and Matrix...
Quick take: Compound Finance’s Treasury has received a B- credit rating from S&P Global Ratings This makes Compound Finance the first institutional DeFi offering to be rated by such a credit agency Traditional institutions have begun...
Quick take: The 2020 hackers of Pickle Finance have laundered 1,800 Ethereum through Tornado Cash Roughly $20 million in the stablecoin of DAI was stolen from the protocol at the time of the exploit Tornado Cash...
Summary: Individual teams at Cardano and IOST have announced plans to launch algorithmic stablecoins On Cardano, the stablecoin coin will be known as Djed, and its network is currently in the Testnet phase Concerning IOST, the...
Reports have emerged saying that the Indian tax department is considering imposing an additional 20% tax deducted at source on DeFi, as well as an equalization levy. India already imposes a 30% tax on crypto gains...
Summary: According to PeckShield, $1.57 billion in digital assets has been stolen from DeFi protocols in the first four months of 2022 This amount has surpassed the total stolen in 2021: $1.55 billion Beanstalk Farm’s $182...
Summary: The hacker responsible for the 2017 Parity Multisig Exploit has laundering ETH through the popular mixer of Tornado Cash The attacker has laundered over 9,000 Ethereum, worth $25.5 million, through Tornado Cash The funds were...
Summary: Apecoin (APE) continues to break records in the crypto markets The funding rate of Apecoin perpetual contracts has reached the maximum lower limit of -0.75% Open interest on Apecoin futures contracts has reached $677 million...