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18 May 23

Mesh Security sees itself as new protection on the Cosmos network

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Cosmos ecosystem is introducing Mesh Security, a collaborative security model designed to enhance the economic security of the network while maintaining the independence of individual blockchains. In the ever-evolving world of blockchain technology, the Cosmos ecosystem is introducing a novel […]

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18 Apr 23

Luno exits Singapore amid growing scrutiny, Babel extends creditor protection

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Luno, a leading crypto exchange owned by the beleaguered Digital Currency Group, has shut down its operations in Singapore amid growing scrutiny surrounding the crypto industry. Despite the tightening regulations, bankrupt lender Babel has successfully extended its bankruptcy protection within the […]

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04 Apr 23

SEC chair Gary Gensler addresses crypto regulation and consumer protection

The U.S. securities and exchange commission (SEC) chairman, Gary Gensler, recently participated in a budget hearing for the fiscal year 2024, discussing the regulation of cryptocurrency markets and consumer protection. The meeting, held by the house committee on appropriations, subcommittee on financial services and general government, saw congress discuss the SEC’s role in regulating the […]

Silicon Valley Bank3

17 Mar 23

SVB’s parent firm files for chapter 11 protection

A few days after its former business Silicon Valley Bank was taken over by U.S. authorities, SVB Financial Group said on March 17 that it had filed for a court-supervised restructuring under chapter 11 bankruptcy protection to seek purchasers for its assets. The decision to initiate bankruptcy procedures was made because emergency steps taken to […]

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20 Feb 23

Illinois lawmaker floats ‘weird’ digital property protection bill

Illinois’ Sen. Rebert Peters has introduced the digital property protection act, which aims to mandate blockchain projects in the state to reverse already executed on-chain transactions when ordered by a court. The digital property protection bill Illinois Democratic party Sen. Robert .J. Peters has introduced a crypto regulation bill that aims to immunize the state’s […]

FTX generic 3 1

20 Dec 22

Auros bankruptcy protection filing shows it lost $20m to FTX

Auros’ bankruptcy protection filing shows the decentralized finance project lost $20 million to the now-defunct FTX exchange. The firm has filed a liquidation request in a British Virgin Islands court and has chosen Interpath Advisory as its liquidator, Auros – another victim of FTX While researchers have revealed that the abrupt collapse of the disgraced […]

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