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MakerDAO's Sky rebrand could deter criminals – but at what cost to DeFi die-hards?

Skye's new USDS stablecoin has a freeze function built into its code. That makes it less attractive to crypto criminals. DeFi lender MakerDAO has unveiled its long-awaited rebrand to Sky, the latest step in co-founder Rune Christensen's so-called endgame plan. But reception has been mixed. The most controversial change is that USDS, a new version … Read more

$250 billion 'carry trade' woes are far from over, warns BIS

Markets recovered very quickly from the August bloodbath. However, the central bank consortium warned that the market's woes are not over. A partial unwinding of the so-called yen carry trade on August 5 caused global market panic. On that day, Japan's Nikkei and TOPICS — the country's two largest stock market indexes — lost more … Read more

Former Haru Invest investor stabs CEO in Korean court

Asia DispatchHaru Invest CEO Hugo Lee was stabbed on August 28 at the Seoul Southern District Court. He is under investigation on fraud charges related to the closure of the platform. The attack highlights a growing trend of brutal crypto-related attacks. A former user of Haru Invest stabbed the company's CEO Hyungsoo Lee, known as … Read more

The danger lurking behind the Fed's rate cut

The Federal Reserve will soon cut interest rates. That means the US dollar could weaken against the yen. This has fueled fears that the yen carry trade could be halted, triggering another global stock meltdown. Federal Reserve Chair Jerome Powell announced last week that the US central bank is ready to cut federal interest rates. … Read more

Nakamoto Co-Creator Stacks on How Upgraded Bitcoin Will Drive $70bn Market for DeFi

Stocks' Nakamoto upgrade begins. This upgrade introduces a DeFi-friendly version of Bitcoin on the Stakes blockchain. It joins several other projects vying for a slice of the burgeoning Bitcoin Defy market. Stacks, a long-running project competing to give users the ability to use their Bitcoin in DeFi, has just launched its Nakamoto upgrade. project Released … Read more

OpenSea NFT Market Targeted by SEC for Potential Securities

OpenCy said it received a Wells notice from the SEC. 'They believe the NFTs on our platform are securities,' said CEO Devin Finzer. The crypto community was shocked by the potential case. OpenSea, one of the world's largest marketplaces for NFTs, Said Wednesday was subject to pending litigation from the US Securities and Exchange Commission. … Read more

France's telegram blunder means Europe hunts for Satoshi

Wolfgang Munchau is a columnist for DL ​​News. He is co-founder and director of Eurointelligence, and writes a column on European affairs for the New Statesman. Opinions are his own. Wait for it. A European Union country will soon issue an arrest warrant for Satoshi Nakamoto, who is accused of inventing a platform that he … Read more

AI Crypto Coins Rise on Nvidia Hype – Here's Where Analysts See Where They're Heading

Nvidia will report its second quarter results on Wednesday. AI Crypto Coins Expected to Reach $33 Billion Still, traders should brace for more market turmoil if the chipmaker fails to impress, one analyst said. Traders are clamoring for Nvidia's earnings. “They should be really impressive,” says Luke Nolan, research associate at alternative asset manager Coinshares. … Read more

CertiK Blames Rogue Employee for Tornado Cash Transactions During $3m Kraken Hack

CertiK blames Tornado cash transactions on an employee for exploiting crypto exchange Kraken. The security firm apologized after the outcry that followed the June incident. Crypto security firm CertiK said in June that a rogue employee was responsible for several Tornado Cash transactions linked to the exploit of crypto exchange Kraken. The June 19 The … Read more