The share of workers paid in cryptocurrency has more than tripled over the past year, with USDC emerging as the most popular digital asset for payroll, according to Pantera Capital’s 2024 Blockchain Compensation Survey. In 2023, only 3% of respondents reported receiving any part of their salary in crypto. That figure jumped to 9.6% in…
United States Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw is pushing back on the Division of Corporation Finance’s recent liquid staking statement in an August 5 statement of her own. Some Things Are Better Left Unsaid, Caroline Crenshaw Says According to Crenshaw’s Tuesday statement, the federal regulator slammed the division’s statement, alleging that certain…
The jury in the trial of Tornado Cash developer Roman Storm has reached its verdict, according to August 6 reports. Jury in Tornado Cash Case Hung on Two Counts According to reports, Storm has been found guilty on one count of operating an unlicensed money transmitting business. Judge: He may appeal, he has every incentive…
Key Takeaways: CaoCao signed a strategic cooperation agreement with Victory Securities to tokenize its green mobility assets through RWA structures. The collaboration covers stablecoin payments, asset-backed token issuance, and future compliant digital currency development. Robotaxi operations and battery-swapping stations will serve as the foundation for asset-backed financing products. CaoCao Inc., a Chinese electric vehicle mobility…
The hacker behind the $4.5 million CrediX DeFi protocol exploit agreed to return stolen funds within 24 to 48 hours following successful negotiations with the protocol team. CrediX announced the agreement on social media, stating that the exploiter will receive compensation “fully paid by the CrediX treasury“, while affected users receive airdrops of their asset…
The U.S. Securities and Exchange Commission (SEC) has published new guidance that may accelerate institutional adoption of liquid staking in the United States, according to industry sources. In a statement released Tuesday, the agency’s Division of Corporation Finance outlined its view that certain liquid staking arrangements — including the issuance of receipt tokens like stETH…
A governance proposal circulating within MetaMask’s community reveals plans to launch “MetaMask USD” (mmUSD) through a partnership with Stripe’s payment infrastructure, potentially creating a direct competitor to established stablecoins like USDC and USDT. The proposal outlines building mmUSD on the M⁰ network for decentralized issuance and settlement, with Stripe serving as the issuing partner to…
Base network released a detailed postmortem revealing that its August 5 outage lasted 33 minutes, not the initially reported 19 minutes, caused by a failed sequencer handover in the network’s high-availability cluster. The Coinbase-backed Ethereum Layer 2 blockchain experienced a block production halt from 6:07 UTC to 6:40 UTC when an automated system called Conductor…
Michael Novogratz says the rush to create companies holding cryptocurrencies on their balance sheets may have already peaked. The Galaxy Digital founder and CEO made the comments Tuesday during the firm’s second-quarter earnings call. “We’ve probably gone through peak treasury company issuance,” Novogratz said. “The question now is which of the existing companies become monsters.”…
A China security ministry has warned that foreign agents are using crypto schemes to collect sensitive biometric data, including iris scans, posing a threat to both personal privacy and national security. Local outlet Global Times reported Wednesday that the ministry outlined the growing risks tied to biometric technologies. It said recent cases have shown foreign…