The US regulatory authorities are aiming to impose a penalty of $5.3 billion on Terraform Labs and its founder, Do Kwon, in the wake of a court decision in a civil lawsuit against them. Based on a court filing made on April 19, 2023 with the Southern District of New York, the Securities and Exchange … Read more
In the first quarter of 2024, Tesla, the leading electric vehicle producer, didn’t dispose of any Bitcoin from their holdings according to their financial report, despite a significant decrease in their overall revenue. Based on the data in the report, Tesla’s overall income dropped by 15.3% from $25.1 billion in Q4 2023 to $21.3 billion … Read more
Is public sentiment shifting against the SEC as Ripple contests their $2 billion request, with the crypto community growing increasingly frustrated playing a role in this changing tide? In the current court dispute between Ripple (XRP) and the US Securities and Exchange Commission (SEC), the SEC is seeking a significant penalty of approximately $2 billion … Read more
A crucial security issue in the Cosmos Inter-Blockchain Communication (IBC) protocol, which potentially exposed over $126 million, has been addressed through a fix by the Cosmos development team. Prior to public knowledge, Asymmetric Research shared information about a weakness affecting Cosmos’ infrastructure. They mentioned that this issue had already been addressed with a patch, preventing … Read more
Joachim Nagel, president of the German Central Bank (Deutsche Bundesbank), emphasized once again that the Eurosystem cannot trace individual transactions when processing Central Bank Digital Currency (CBDC) payments, ensuring a high degree of privacy due to limited data access. During a talk at the DZ Bank Capital Markets Conference 2024, Deutsche Bundesbank president Joachim Nagel … Read more