Legal The US Office of the Comptroller of the Currency (OCC) has established a new fintech office to adapt to technological evolutions in banking, including crypto assets. The Treasury said the office will add to its knowledge of digital assets, fintech partnerships and other emerging technology models that have an impact on OCC-supervised banks. It…
Bitcoin mining exists primarily to build a global digital network for storing value without the need for a bank or other intermediary, and for peer-to-peer exchanges. It’s also one of the most environmentally friendly industries in the world. The Cambridge Center for Alternative Finance estimates that global Bitcoin mining uses less than 0.2% of the…
Security On Monday, the hacker behind last week’s nearly $200 million attack on Euler Finance sent a message to an Ethereum address linked to the DeFi platform, offering to begin a dialogue after Euler issued an on-chain ultimatum demanding the return of the funds. “We want to make this easy on all those affected. No…