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UK Treasury sets out to bolster stablecoin protections following Terra crash

UK Treasury sets out to bolster stablecoin protections following Terra crash

The Treasury’s call for responses closes August 2 and will be considered by parliament in due course.

The post UK Treasury sets out to bolster stablecoin protections following Terra crash appeared first on The Block.

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UK neobank Kroo raises £26 million in Series B funding

The London-based neobank has closed a £26 million iSeries B round despite fintech funding slowing after the highs of 2021. 

The post UK neobank Kroo raises £26 million in Series B funding appeared first on The Block.

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Singapore regulator announces plans to explore blockchain use cases

The Monetary Authority of Singapore revealed plans to pilot public blockchain use cases on Tuesday, with partners such as DBS, JPMorgan and Marketnode.

The post Singapore regulator announces plans to explore blockchain use cases appeared first on The Block.

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Copper’s Swiss unit gains regulatory nod for anti-money laundering standards

The approval comes amid a what has been a protracted regulatory process for Copper and several other firms in the UK.

The post Copper’s Swiss unit gains regulatory nod for anti-money laundering standards appeared first on The Block.

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Checkout.com founder backs DeFi platform Alloy in $3 million pre-seed round

German DeFi platform Alloy has won the backing of Checkout.com founder Guillaume Pousaz in a $3 million pre-seed round.

The post Checkout.com founder backs DeFi platform Alloy in $3 million pre-seed round appeared first on The Block.

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Mirror Protocol suffers new exploit and could be drained in hours

Mirror Protocol, a DeFi app on the Terra Classic blockchain, has suffered another exploit — and much more is at risk.

The post Mirror Protocol suffers new exploit and could be drained in hours appeared first on The Block.

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A $90 million DeFi exploit on Terra went unnoticed for seven months

A security bug allowed a hacker to drain about $90 million from Mirror Protocol on the old Terra blockchain.

The post A $90 million DeFi exploit on Terra went unnoticed for seven months appeared first on The Block.

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Ramp Network Company Intelligence

Quick Take

  • $53mm Series A in Dec-21 led by Balderton Capital 
  • Non-custodial fiat to digital asset on-ramp solution 
  • +45 Tokens Integrated; +400 partnership integrations; +170 Countries Supported

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Crypto exchange WhiteBit buys Ukraine’s Eurovision trophy in auction for armed forces

The Estonian exchange paid more than $900,000 for the glass trophy in an auction to raise funds for the Ukrainian army.

The post Crypto exchange WhiteBit buys Ukraine’s Eurovision trophy in auction for armed forces appeared first on The Block.

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Korean prosecutors summon all Terraform Labs staff in UST collapse probe: JTBC

Korean prosecutors have reportedly launched an official investigation into the collapse of TerraUSD and luna by summoning all Terraform Labs employees.

The post Korean prosecutors summon all Terraform Labs staff in UST collapse probe: JTBC appeared first on The Block.

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