Monday, July 15, 2024

DeFi News

Privacy, Regulation & Innovation: ShapeShift Settlement Highlights DeFi Industry’s Regulatory Challenges

The SEC has reached a settlement agreement with ShapeShift. SEC Commissioners Hester Peirce and Mark Uyeda expressed their opposition to the SEC's enforcement action.

Lazarus Group’s Sneaky Tactics: Attempts to Steal from Euler Finance Hackers

On March 15th, 2023, Euler Finance, a decentralised finance (DeFi) protocol built on the Ethereum network, suffered a flash loan attack resulting in the loss of $199 million worth of digital assets. However, on March 21st, 2023, new developments emerged as North Korea's Lazarus Group, the same group responsible for the $540 million Ronin Bridge attack last year, attempted to steal from the Euler Finance hacker responsible for the recent attack.

DeFi Bridges

Lazarus Group’s Sneaky Tactics: Attempts to Steal from Euler Finance Hackers

On March 15th, 2023, Euler Finance, a decentralised finance (DeFi) protocol built on the Ethereum network, suffered a flash loan attack resulting in the loss of $199 million worth of digital assets. However, on March 21st, 2023, new developments emerged as North Korea's Lazarus Group, the same group responsible for the $540 million Ronin Bridge attack last year, attempted to steal from the Euler Finance hacker responsible for the recent attack.

A partnership between Metropolis World and Flare Network will enable bridging between Metaverses

Using Flare's blockchain technology, users will be able to seamlessly move between different metaverse ecosystems and blockchains, such as Decentraland and Sandbox, a key aspect of Metropolis' metaverse vision.

Stablecoin News

Gucci and TAG Heuer are the latest brands to adopt ApeCoin

In a recent announcement, Gucci announced it would be accepting ApeCoin (APE) through BitPay, an affiliate of the Bored Ape Yacht Club. As a result, Gucci will allow you to exchange APE for US dollars, which you can spend at its stores. Swiss luxury watchmaker TAG Heuer has followed the Italian fashion house in accepting ApeCoin. The brand announced in June that it will integrate BAYC NFTs into its Calibre E4 digital watch, and now they will allows US customers to purchase timepieces using APE, also through BitPay.

New pound-backed stablecoin ‘PoundToken’ audited by KPMG

The 'Poundtoken', a GBP-denominated stablecoin, has been launched by Isle of Man-based fintech startup Blackfridge.