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Mesh Security sees itself as new protection on the Cosmos network

0xMain
May 18, 2023

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The Cosmos ecosystem is introducing Mesh Security, a collaborative security model designed to enhance the economic security of the network while maintaining the independence of individual blockchains. In the ever-evolving world of blockchain technology, the Cosmos ecosystem is introducing a novel initiative known...

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Luno exits Singapore amid growing scrutiny, Babel extends creditor protection

0xMain
April 18, 2023

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Luno, a leading crypto exchange owned by the beleaguered Digital Currency Group, has shut down its operations in Singapore amid growing scrutiny surrounding the crypto industry. Despite the tightening regulations, bankrupt lender Babel has successfully extended its bankruptcy protection within the region. Luno...

SEC chair Gary Gensler addresses crypto regulation and consumer protection

0xMain
April 4, 2023

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The U.S. securities and exchange commission (SEC) chairman, Gary Gensler, recently participated in a budget hearing for the fiscal year 2024, discussing the regulation of cryptocurrency markets and consumer protection. The meeting, held by the house committee on appropriations, subcommittee on financial services...

SVB’s parent firm files for chapter 11 protection

0xMain
March 17, 2023

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A few days after its former business Silicon Valley Bank was taken over by U.S. authorities, SVB Financial Group said on March 17 that it had filed for a court-supervised restructuring under chapter 11 bankruptcy protection to seek purchasers for its assets. The...

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Illinois lawmaker floats ‘weird’ digital property protection bill

0xMain
February 20, 2023

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Illinois’ Sen. Rebert Peters has introduced the digital property protection act, which aims to mandate blockchain projects in the state to reverse already executed on-chain transactions when ordered by a court. The digital property protection bill Illinois Democratic party Sen. Robert .J. Peters...