Regulation
Exchanges
Kraken founder accuses ‘incompetent VCs’ of enabling ‘obvious fraud’ at FTX
Several venture capital firms, including Sequioa, had invested in the bankrupt FTX.
Stablecoins
Depeg crisis of real estate-backed USDR stablecoin deemed terminal as protecting users ‘impossible’
Tom Wan tied the stablecoin challenges to its use of illiquid assets, such as real estate, for its reserves.
DeFi
DeFi TVL down 30% YoY yet liquid staking and Tron based projects defy trend
2.5 million active monthly users lost by DeFi projects since May.
Hacks
How Alameda Research lost nearly $200M to security breaches
A former engineer at Alameda revealed that Sam Bankman-Fried (SBF) prioritized rapid company expansion over crucial risk management protocols.
Crime
North Korean hackers have abandoned Tornado Cash for Bitcoin Mixers: TRM Labs
Tornado Cash's overall volume has plunged by around 85% following the U.S.-imposed sanctions.
Banking
BlackRock leverages JPMorgan’s new blockchain tools for instant collateral settlement with Barclay’s
JPMorgan has said the technology has the potential to enhance efficiency by unlocking capital for use as collateral in ongoing transactions.
Exchanges
NASAA backs SEC case against Coinbase, calls for consistent interpretation of securities law
North American Securities Administrators Association argued that the crypto industry has greatly attracted fraudsters.
NFTs
UK parliament report stirs concern over NFT copyright issues and fan tokens utility
The Committee urged the goverment to ensure consumer protection from these emerging technologies.
Legal
FTX fallen founder Sam Bankman-Fried wanted to shutdown Alameda before bankruptcy
SBF said Alameda's association with FTX had generated too much FUD that failed to justify its existence.
Regulation
FCA restricts Binance’s UK partner’s ability to approve crypto ads
Binance is not registered with UK's FCA despite its creation of a dedicated page for residents, which severely limits its marketing abilities.
Stablecoins
Alameda Research may have minted up to $40B of Tether’s USDT: Report
Tether told CryptoSlate that it does not comment on its customers' transactions as a matter of policy.
Crime
Israeli authorities redirects frozen Hamas cryptocurrency funding to state treasury
Israeli authorities are clamping down on the Hamas group funding in response to the recent attack it suffered.
