Blockchain News

Key Takeaways: Global stablecoin policy approaches vary, creating potential competitive advantages for certain jurisdictions. Issuers may adjust their base of operations based on regulatory timelines and operational flexibility. Cross-border stablecoin adoption could be influenced by regional licensing requirements and compliance costs. The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have…

Turkish crypto exchange BtcTurk is facing allegations of a $48 million security breach in a coordinated multi-chain attack targeting its hot wallets. The exploit, first detected by blockchain security firm Cyvers, involved suspicious transfers across Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon networks, with most funds consolidating into just two recipient addresses. Following the…

The crypto market’s euphoric bull run has been brutally shattered as over $1.05 billion in liquidations swept through digital assets following unexpectedly high U.S. inflation data. On August 14, the U.S. Bureau of Labor Statistics (BLS) released July Producer Price Index (PPI) data showing an annual rate of 3.3%, with the previous month’s figure revised…

Bitpanda, Europe’s leading cryptoasset platform, announced on Thursday that it has officially launched in the UK, giving British investors access to more than 600 cryptoassets. In a press release shared with CryptoNews, the firm said UK-based users will be able to trade a range of assets, from major cryptocurrencies like Bitcoin and Ethereum to emerging…

Crypto advocacy initiative the DeFi Education Fund and Andreessen Horowitz (a16z) are encouraging the United States Securities and Exchange Commission (SEC) to develop a “safe harbor” for apps pertaining to the blockchain sector, according to an August 13 blog post published on the a16z website. SEC Asked to Create Blockchain Safe Harbor Both the DeFi…