Platform Financial News

Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed a fine of about $24 million on crypto exchange Bittrex which also had to sign a $29 million settlement with the department’s Financial Crimes Enforcement Network (FinCEN). The fines are related to the exchange’s violations of anti-money laundering regulations and sanctions on the residents of certain countries and territories.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The hacker responsible for exploiting Mango Markets to the tune of $100 million, has come forward on the protocol’s governance proposal platform with a set of extraordinary demands. 

A top former Google executive wants to make searching the blockchain easier with his new startup.

Digital banking service Step has secured $300 million in new debt funding round, which coincided with the company’s launch of a crypto investment platform aimed at minors and young adults — their key clientele.

The crypto industry has witnessed another major hack in less than a week, where a hacker has stolen $100 million from Mango Markets.

LunarCrush, a popular social intelligence platform, recently tweeted that the Bored Ape Yacht Club (BAYC) topped the list ofNFTs last week in terms of social mentions. This was positive news for the BAYC as it reflected a rise in popularity in the NFT community.

Bitcoin [BTC] prices have been unusually volatile in recent weeks. This can be considered in contrast with the broader financial markets (equities, credit, and currency markets)  that have been significantly volatile within the same period, as per Glassnode’s latest report. 

In a keynote speech at Swift's Sibos conference, Menon offered his own thoughts on the challenge, exploring three possible ways to solve it: linking up faster payments systems; building a multi-CBDC common platform; and expanding private sector blockchain-based payment networks.Menon argues that the use of distributed ledgers for cross-border settlement need not be confined to CBDCs. Securely-backed stablecoins or tokenised bank deposits issued by private sector players can also be used to enable cheaper and faster cross-border payment and settlement.

1inch, the native token of the decentralized exchange aggregator 1inch Network, has posted interesting movements in the last 24 hours.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. 

Following charges of fraud, Jared Grey, the recently appointed head chef at SushiSwap, is currently on the defensive side.

The Lido Finance [LDO] liquidity pool activity over the last seven days showed that Layer-two (L2) protocols have been outperforming others on the chain.

Ranked as the network with the fifth highest total value locked (TVL), Avalanche [AVAX] focused on improving its network infrastructure in Q3, as per Messari’s latest report.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Ethereum-based metaverse platforms Decentraland and Sandbox have responded to claims made by users on Twitter regarding the daily active users (DAU) on the platforms. 

Polygon [MATIC], on 10 October, announced that its ZK roll-ups with EVM compatibility public testnet were now live. Since unveiling the zkEVM in July, Polygon seemed to have been working non-stop to achieve the recently-declared update.

The bank has been working closely with Fireblocks and Chainalysis to integrate their technology in order to meet the present and future security and compliance needs of clients across the digital asset space.Roman Regelman, CEO of Securities Services & Digital at BNY Mellon, states: "With Digital Asset Custody, we continue our journey of trust and innovation into the evolving digital assets space, while embracing leading technology and collaborating with fintechs."A recent survey sponsored by BNY Mellon highlights already significant institutional demand for a resilient financial infrastructure built to accommodate both traditional and digital assets. According to the survey, almost all institutional investors (91%) are interested in investing in tokenized products.