Cryptocurrency Analysis and News Portal
In the event of unforeseen market conditions, Mango's security council can put the protocol into "post-only mode" to limit deposits, buys, borrows and position increases. The decentralized autonomous organization (DAO) can then vote on whether to halt trades, force settlement or updating risk parameters. Original Source
Read More
NBA Top Shot Moments nonfungible tokens (NFTs) may be considered a security, as it meets the requirements under the United States security laws, according to court filings on Feb 22. The decision comes as federal judge Victor Marreo denied a motion from Dapper Labs CEO Roham Gharegozlou to dismiss a class
Read More
A wallet security team released a real-time dashboard that lets community members detect, track and monitor potential nonfungible token (NFT) hacks using offline signatures in the OpenSea marketplace. According to the team behind crypto wallet ZenGo, they created an NFT hack detector using a simple method. This includes tracking realized NFT
Read More
Security tokens, however, are struggling amid a lack of regulatory clarity, and the all-too-familiar regulation-by-enforcement approach of the U.S. Securities and Exchange Commission (SEC). To pick an example, starting in 2016 LBRY – a decentralized storage protocol and media service – financed its development through the issue of LBC tokens,
Read More
Other participants in the funding round included Samsung Next, Quantstamp, ParaFi, Balaji Srinivasan (former CTO at Coinbase and Andreessen Horowitz general partner), venture investor Lluis Pedragosa, and Nimrod Lehavi (co-founder of on/off-ramp Simplex), among others. Source
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More
Paxos Trust Company has released a statement noting that it "categorically disagrees" with the United States securities regulator which has painted Binance USD (BUSD) as a security. In the Feb. 13 statement, the BUSD issuer confirmed recent reports that it had received a Wells notice from the United States Securities and
Read More
Paxos also noted in its press release that the Wells Notice specifically had to with BUSD and not any other part of its business. “This SEC Wells notice pertains only to BUSD. To be clear, there are unequivocally no other allegations against Paxos,” Paxos wrote. Original Source
Read More
Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD. Binance’s CEO on SEC Action Against
Read More
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation to transact
Read More