DeFi

Due to allegations that Tornado Cash is being used by North Korean hackers to launder stolen cryptocurrency funds, the U.S. Treasury Department has banned all citizens from utilizing it.

According to Alex Fowler and Patrick Murck of Transparent Systems, the issuers of stablecoins like Tether and USDC constitute a new rentier class that is sapping value from the DeFi system.

We were already aware that cryptocurrency developers are not always reliable. But are the data even reliable?

If the SEC and CFTC are unable to resolve the matter amicably, the U.S. Congress will have to intervene to decide who gets to claim the title of 'best crypto regulation'.

The biggest financial asset management company in the world is investing heavily in digital assets, starting with Bitcoin.

No coding expertise is required to create a token with TokenMint. The principles for developing a fungible token are available in the TokenMint platform's alpha edition.

In her letter, Warren implores the OCC to work with the Fed, FDIC, and other stakeholders to create a different cryptocurrency strategy 'that appropriately safeguards customers and the safety and soundness of the financial system.'

Interim CEO Howard Schultz predicted that this will 'generate a totally new set of digital network effects that will attract new customers and be accretive to existing customers in our core retail outlets.'

There have already been 13 such bridge attacks in 2022, with the $190 million Nomad Bridge hack being the most recent.