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The crypto lender – which counts Peter Thiel, Pantera Capital, and Coinbase Ventures among its investors – owes $402 million to its creditors, with 90% of that debt originating from individual retail investor deposits, a July 8 affidavit filed by Vauld co-founder and CEO Darshan Bathija revealed. Source
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Voyager's stock, already battered by the crypto market selloff, was trading at 27 cents at market close Tuesday, giving the company a market cap of $65 million Canadian dollars (around $50 million USD). That's smaller than the $75 million unsecured loan issued by Alameda Research, according to the bankruptcy filings. Original
Read MoreThe Information Commissioner’s Office (ICO) and the South Korean Personal Information Protection Commission (PIPC) have a strong relationship which recognises their shared common mission to uphold people’s information rights, while supporting digital innovation and economic development. In recognition of
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Latest report from international data protection and privacy authorities has identified credential stuffing as a significant and growing cyber threat to personal information. Credential stuffing is a cyber-attack method that exploits people’s tendency to use the same username and
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Bancor, a Decentralized Finance protocol often regarded as a pioneer in the DeFi ecosystem, has come under heavy scrutiny after it announced that it would pause its impermanent loss protection program. The DeFi platform cited extreme market conditions for stopping this program. However, Bancor has been criticized for pausing the
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Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its impermanent loss protection (ILP) function on Sunday, citing “hostile” market conditions.In a blog post on Monday, the DeFi protocol noted that the ILP pause is a temporary measure to protect the protocol and the users.
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Japan emerges as a precedent-setting nation by passing stablecoin regulation in the wake of the TerraUSD collapse. Source
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Coinbase’s announcement last month is a sign of regulatory progress to come, according to one institutional investor. Source
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Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon’s apartment was visited by an unidentified person. Do Kwon’s spouse has requested protection from the Seongdong police in Seoul after the unknown person broke into the apartment
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Margin, borrowing services have paused since Asian morning hours, and UST pairings would be terminated later today. Source
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