Digital asset infrastructure provider Stablecore has joined forces with two U.S. federal credit union organizations to launch a program intended to help the small lenders evaluate stablecoin, tokenized deposit and digital asset products as adoption grows. Together with Circuit, a research and development Credit Union Service Organization (CUSO) and Curql, a fintech investment organization with more than 160 credit union…
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Binance May Be Forced Out of EU as License Fails
Greek authorities have rejected its application for the MiCA license needed by July 1
If you’re an EU-based crypto trader and you use Binance, you may need to look for a new exchange shortly. In a blog post on Wednesday, the world’s largest cryptocurrency exchange said that it had withdrawn its application for a Greek license to operate in the EU. Those Markets in Crypto-Assets (MiCA) licenses become mandatory for exchanges to continue to…
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Ripple Wins EU MiCA License As July 1 Deadline Looms
Luxembourg granted it a preliminary crypto asset service provider license
Ripple has acquired a preliminary crypto asset service provider (CASP) license in Luxembourg, making it compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulations ahead of a July 1 deadline. In a statement on Tuesday, Ripple said that once its CASP is finalized, it would be able to provide regulated cryptoasset services to financial institutions and businesses across the…
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Irony abounds as infamous ‘sandwich’ bot exploited for $7.7M
Jaredfromsubway.eth MEV bot suckered into giving away millions
An infamous “sandwich” bot was exploited for $7.7 million in a hack dripping with irony. Jaredfromsubway.eth is a maximal extractable value (MEV) bot that specializes in sandwich attacks, in which an attacker sees a trade waiting to be executed and makes the same buy directly before the trade and sells immediately after it. The way it works is that the…
