SEC
SEC typically refers to U.S. Securities and Exchange Commission which "protects investors in the $3.8 trillion municipal securities markets that cities and towns rely on to provide neighborhood schools, local libraries and hospitals, public parks, safe drinking water and so much more". But it can also refer to the security and exchange regulation bodies of other countries.
SEC Alleges Fraud Against SafeMoon Amidst System Flaw Exploit
The US SEC has accused decentralized finance project SafeMoon of fraud following a system flaw in March that resulted in a loss of 8.9 million BNB. The breach was linked to a vulnerability in SafeMoon's smart contract, allowing malicious transfers of 32 billion SFM tokens. Insider involvement is suspected.
Court Upholds OFAC's Designation of Tornado Cash Under IEEPA
The US District Court upheld the OFAC's designation of Tornado Cash under the IEEPA, rejecting plaintiffs' claims of overreach and First Amendment violations, highlighting legal challenges for privacy-oriented blockchain entities.
FCA Unveils Guidance on Cryptoasset Promotions Compliance
The UK's Financial Conduct Authority has issued a finalised non-handbook guidance on Cryptoasset Financial Promotions, aiming to clarify compliance with new laws and balance consumer protection with innovation for long-term economic growth.
Uniswap Foundation Announces Grant Recipients for V4 RFPs
The Uniswap Foundation announced the winners of its first round of RFPs for Uniswap V4 on November 1, 2023. The projects include developing a Deposit Liquidity Widget, creating an open-source design package, compiling POC hook developer documentation, and researching malicious hook design space.
CertiK Outlines Mobile Blockchain Security Threats and Countermeasures
CertiK discussed security challenges of blockchain technologies on mobile platforms, including malware, insecure wallet apps, and network vulnerabilities, and provided countermeasures like reputable security solutions and regular updates.
Tether Q3 Attestation: 85.7% Cash Reserves, $330M Loan Cut, $670M Research Spend
Tether's Q3 2023 attestation shows historic liquidity, 85.7% reserves in Cash & Cash Equivalents, reduced secured loans, and robust investment in industry research, ensuring financial resilience amid market fluctuations.
UAE Crypto Insights: 72% Investors Lean Towards Bitcoin
The UAE's crypto investors, according to a survey by KuCoin, are overwhelmingly in favor of Bitcoin, highlighting the need for trust, security, and crypto education, as well as a keen interest in blockchain and AI integration, indicating the country's potential as a crypto hub.
Terraform Labs (Luna) Co-Founder Pleads US Court to Dismiss SEC's Fraud Allegations
Terraform Labs and co-founder Do Kwon are defending against fraud and securities allegations by the U.S. SEC, arguing their cryptocurrencies are not securities, amidst a wider legal battle between crypto firms and regulators following the Terra ecosystem's $40 billion downfall in 2022.
a16z-Backed Stelo Labs Ceases Operations Today, October 31, 2023
Stelo Labs has halted operations on October 31, 2023, despite its initial success and over 10,000 extension downloads. The company will now focus on market definition, assumption validation, and core problem-solving as they prepare for their next venture.
Ripple CEO Brad Garlinghouse Criticizes Former SEC Chair Jay Clayton's Regulatory Approach
Ripple CEO Brad Garlinghouse criticizes former SEC Chair Jay Clayton for his aggressive regulatory approach, citing hypocrisy based on a 2020 lawsuit against Ripple. The ongoing legal tussle and recent developments highlight the broader regulatory uncertainties in the crypto industry.