Australia Aiming High: Unveiled Token Mapping Consultation Paper, Foresees Crypto Rule Framework Launch in 2023

Australia Aiming High: Unveiled Token Mapping Consultation Paper, Foresees Crypto Rule Framework Launch in 2023

Australia has recently unveiled a consultation paper on token mapping, further cementing its commitment to regulating the crypto space. This move is set to pave the way for revealing an official framework by 2023. which will outline laws and regulations regarding the usage of digital assets in the country. According to experienced professionals, this proactive…

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Global council adds DeFi banking firm Scallop to help secure payment data

Global council adds DeFi banking firm Scallop to help secure payment data

A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to a forum of participating organizations that help toimprove payment data security worldwide. Scallop, a regulated DeFi banking app recently announced its entry to the PCI Security Standards Council (PCI SSC), a global community with…

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The biggest crypto heists of all time

The biggest crypto heists of all time

The biggest crypto heists to date are MT Gox, Bitgrail, Coincheck, KuCoin, PancakeBunny, Poly Network, Cream Finance, BadgerDAO, Vulcan Forged and Bitmart. MT Gox MT Gox was the first large-scale exchange hack, and it remains the most significant Bitcoin (BTC) heist from an exchange. The MT Gox robbery, on the other hand, was not a…

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CipherTrace’s Tracking Tool Will Help Banks Keep a Closer Eye on Crypto

CipherTrace’s tracking tool, Armada, will help banks better monitor crypto activity. Though such a service will protect financial institutions, it could have serious implications for crypto enthusiasts. Key Takeaways CipherTrace offers banks a suite of new AML and KYC tools to better monitor crypto activity. U.S. regulators already have identified the potential for cryptocurrencies to…

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Saga Launches Liquidity Integration Layer (LIL), Revolutionizing Cross Chain Liquidity

Saga Launches Liquidity Integration Layer (LIL), Revolutionizing Cross Chain Liquidity

Saga, the Layer 1 platform purpose-built for launching dedicated application-specific blockchains (chainlets), is proud to announce the official launch of its Liquidity Integration Layer (LIL). As the first solution of its kind, LIL addresses liquidity fragmentation in a natively multichain environment, empowering developers to launch innovative Defi projects, primitives, and memecoins with unprecedented ease. This…

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