The Minister of Economy and Labor of Bermuda promised that in connection with the collapse of Terra, new rules for regulating digital assets will be quickly developed. Jason Hayward, in an interview, expressed the opinion that the fall of the cryptocurrency market is not an unfavorable event. It can help islands become a magnet for investors in digital assets: “We are aware of the recent drop in crypto prices and remain confident that this does

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Cryptocurrency exchange OKX has become the main sponsor of the Tribeca Film Festival for the next three years. During this period, OKX will educate filmmakers on the benefits of cryptocurrencies and Web3 technology. As part of this agreement, OKX will co-finance the production of films intended to be shown in the metaverse, as well as providing film industry actors with the opportunity to receive payment for their work in cryptocurrency. At the Tribeca Film Festival,

Analysts at Economist Impact believe that more and more investors see digital currencies as a useful tool for portfolio diversification. The Economist magazine published the results of a study on the degree of consumer confidence in digital payments and on the barriers that prevent the transfer of their funds into digital assets. The report compares the trends of previous surveys on the same topic in 2020 and 2021. The study involved 3,000 respondents, half of

Goldman Sachs and other Wall Street banks are looking to expand their presence in the crypto space through a partnership with FTX. The investment bank plans to integrate leveraged derivatives trading, Barron’s writes, citing its sources. The cooperation between FTX and Goldman Sachs should bring to the bank such advantages as direct trading in futures, access to the user base of the crypto exchange, replenishment of the capital of the bank’s clients. Recall that at

KuCoin cryptocurrency exchange expands its presence in the Web3 ecosystem with the KuCoin Wallet decentralized platform. The wallet platform is currently only available for the browser, however, as the company promises, a mobile application is already in development and will be launched in June. The platform connects to the KuCoin ecosystem and provides cross-cloud integration. Exchange customers will be able to buy, sell, exchange and send all major digital currencies, including bitcoin (BTC), ether (ETH)

The UK Treasury plans to empower the Financial Market Infrastructure Supervisor (FMI SAR) to oversee the safe return of funds in the event of a stablecoin crash. HM Treasury has proposed a new set of regulatory changes for the stablecoin industry. The report highlights the importance of this type of digital asset in innovation and notes the ability to influence financial stability in the event of systemic failures. The Treasury has proposed making the FMI

Community members of the failed Terra project have identified an exploit that threatens liquidity pools and forced the developers to disable the ability to use mBTC, mETH, mGLXY and mDOT as collateral. Two days after the launch of the updated Terra 2.0, a user named Mirroruser informed the community about an exploit he had discovered, potentially threatening to restart the entire project. According to his observations, a targeted attack is being carried out against the

Money transfer company MoneyGram plans to launch a service that will allow customers to send money to other countries using stablecoins. The company entered into a partnership with Stellar Development, which developed the Stellar (XLM) blockchain and a decentralized protocol focused on cross-border transfers, Bloomberg reported. The new service will allow users to convert their stablecoins into fiat currencies where MoneyGram operates. According to Alex Holmes, CEO of the company, today the world of cryptocurrencies

Cryptocurrency exchange Binance has announced that it will list Terra 2.0 (LUNA) in the Innovation Zone and open trading for the LUNA/USDT and LUNA/BUSD pairs on May 31 at 06:00 UTC. The exchange drew the attention of users that the innovation zone is a specially created trading area where users can trade new crypto assets that have increased volatility and pose a higher risk of loss for traders. Therefore, if wishing to trade in this