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Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April 4 amid speculations that it could become "insolvent" in the future.USDN plunges 15% despite WAVES backingUSDN dropped to as low as $0.822 on April 4 with its market capitalization also diving to $824.25 million,
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USDN's market capitalization had nearly doubled to $850 million in March. Original Source
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South Korea’s Financial Services Commission (FSC) wants the National Assembly to bring criminal liability to unfair behavior in crypto markets such as price manipulation and insider trading, according to a report submitted to the South Korean Parliament on Nov. 23. Original Source
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Former Secretary of State HIllary Clinton has said that cryptocurrency markets need stronger regulations to protect against technological manipulation by Russia, China, and others.Her comments on cryptocurrency were part of a larger segment in a Nov. 24 interview with MSNBC TV news host Rachel Maddow on the manipulation of social media
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On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.” SEC Turns Down Spot Market ETF – US Regulator Believes There
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Investors in Northern Data have lost about $300 million this week as shares of the provider of high-performance computing services to bitcoin miners slumped after media reports that BaFin, Germany’s financial regulator, accused the company of market manipulation. Source
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Major cryptocurrency exchange Binance is pushing back against allegations of market manipulation and working against the interest of its users.In a Monday Twitter thread, Binance seemingly laid the blame for any claims of manipulating the crypto market on publications spreading fear, uncertainty, and doubt as well as certain individuals impersonating
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The U.S. Securities and Exchange Commission should be “looking to people” like Tesla CEO Elon Musk for market manipulation following the electric car maker’s recent decision to put bitcoin on its balance sheet, according to economist and prominent bitcoin critic Nouriel Roubini. Musk has been tweeting about bitcoin and dogecoin
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It seems like every week we hear news of another DeFi project being hacked or exploited. The latest crop of victims includes such projects as Harvest Finance, Akropolis, Value DeFi, Origin and of course Compound.When exploits do occur, they usually involve manipulating the reference price like ETH/DAI on a data
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Tether and affiliate exchange group iFinex have called for a market manipulation suit to be dismissed – partly, they say, because plaintiffs don’t prove that billions of dollars of unbacked stablecoins did actually enter the market. Read the memorandum in full below: Source
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