Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows
ETH use in DeFi is down due to an uptick in staking, but rapid growth in LSDfi could be a bull market catalyst.
Brazilian crypto exchange Mercado Bitcoin licensed as payment provider: Report
As a payment institution, MB Pay will enable certain digital banking services to the crypto exchange’s users in the country.
Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes?
References to the tax were removed from the U.S. debt bill, but that doesn’t mean it’s gone for good.
OpenAI commits $1M to support AI-driven cybersecurity initiatives
As criminals devise innovative ways to exploit AI for malicious intentions, OpenAI remains committed to equipping “defenders” with the necessary tools.
Uniswap scam alert: Fraudsters impersonate executives and create fake website
Uniswap and its foundation have no association with the scam as efforts are being made to combat it.
MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform
Mitsubishi UFJ Financial Group hasn’t revealed what firms will be the first to utilize its platform; however, a handful of banks have reportedly opted for a separate stablecoin solution.
Qatar slammed for not taking enough action against crypto companies
Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.
Coinbase Derivatives Exchange set to roll out BTC and ETH futures
Coinbase Derivatives Exchange’s institutional-sized contracts will be sized at 1 Bitcoin and 10 Ether.
Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin
Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period.
Crypto markets ‘lackadaisical’ as institutional buying slows — Novogratz
The Galaxy Digital CEO said there has been a recent lack of institutional interest in cryptocurrency buying, which has led to deflated enthusiasm in the markets.
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
Tornado Cash governance control set to be restored as voters approve proposal
A total of 517,000 token votes favored the proposal, with none opposing it.