SECURITY
Circle Denies Receiving 'Wells Notice' Over USDC
Circle's CSO refused SEC Wells notices for its USDC token.
BUSD, Paxos, and the Recent Scrutiny of Paxos
Matrixport's director of research believed Paxos' BUSD supervision was too lax, prompting regulatory attention. Stablecoins are not the goal.
Paxos Trust Company Disagrees With U.S. Securities
Paxos, a stablecoin issuer, received an SEC Wells notice earlier this month and "categorically denies" that BUSD is a securities.
Nexo to terminate yield-bearing product after paying $45 million
Nexo Capital's cryptocurrency yield-bearing product is being shut down in the US following a multi-million dollar settlement with the SEC and NASAA.
Binance Announces Upgrade to Proof-of-Reserves Verification
Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency.
Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round
Foundation Capital and CMT Digital invest $30 million in Coincover to safeguard digital assets.
SEC to Keep Close Watch on Crypto Brokers and Advisers
The SEC stated the 2023 review goals would ensure crypto brokers and advisors follow "respectful standards of care."
South Korea Establishes Guidance for Regulating Digital Assets as Securities
The step prepares for security token legalisation in the nation.
Web3 Builders Reveals Suite of Tools to Combat DeFi exploits
Nicholas Horelik of Web3 Builders stated, “end users ought to have this functionality” to understand asset security.
SEC Loses Appeal in LBRY Vs. SEC
The crypto community hailed the LBRY ruling that LBC tokens sold on the secondary market are not securities.
The Philippines SEC seeks to bring cryptocurrencies under its scope
The Philippines Securities and Exchange Commission (SEC) has suggested new cryptocurrency regulations to improve its control.
Flare Partners With Blockchain Security Specialist FYEO For Ongoing Audits
Flare is pleased to announce an official partnership with blockchain security specialist, FYEO. The firm will perform ongoing security audits of Flare’s codebases, providing actionable feedback to support safer smart contract development and help to minimize risk for all users of the network.
Korean Prosecutors Consulting if LUNA Classified "Security"
The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens - now known as Luna Classic (LUNC).
Over 50% Crypto Investors Backup Security Keys by Paper Wallets, Threatening its Vulnerability
New research by Unstoppable Domains, Efani, and NGRAVE found that more than half of crypto investors at 54% store their security keys on a paper wallet amid intensified cyber attacks.
Blockchain Security Firm Certik Raises Nearly $88m in Stock Offering
Blockchain security and audits firm, Certik raise nearly $88 million through a stock offering.
