South Africa’s Financial Sector Conduct Authority (FSCA) is preparing a regulatory framework for crypto to protect the more vulnerable members of its society.The regulator wants to establish rules on how crypto trading should be conducted, according to a Bloomberg report Friday.“What we want to be able to do is to intervene when we think that what is provided to potential … [Read more...] about South Africa’s Financial Regulator Is Planning Crypto Rules to Protect Vulnerable Population: Report
Vulnerable
Bitcoin Vulnerable to Rising Leverage Despite Short-Term Optimism
“During corrections, declining ASOL is a signal that investor confidence is improving, and fewer coins are spent,” blockchain data firm Glassnode tweeted on Wednesday. A confirmed trough in the ASOL indicator could point to a short-term market bottom similar to what occurred in July and October. Source link … [Read more...] about Bitcoin Vulnerable to Rising Leverage Despite Short-Term Optimism
$66M in Tokens Added to Recently Hacked, Still Vulnerable Compound Contract
A faulty Compound Finance contract intended to disburse liquidity mining rewards over time has been topped off with $66 million - and counting - in tokens on Sunday morning.Over a quarter of those funds may have been exploited due to the same bug that drained $80 million in tokens throughout the latter half of last week, per one DeFi developer.Read more: DeFi Money Market … [Read more...] about $66M in Tokens Added to Recently Hacked, Still Vulnerable Compound Contract
Ethereum price technical analysis: ETH vulnerable below $1,600
ETH/USD might turn negative and retest prices near $1,300 if bears break below $1,500 Ethereum (ETH) has corrected 6% in the past 24 hours and is currently over 13% in the red as compared to the past week. This comes after sellers continued to exert downward pressure following rejection at $1,869. The technical perspective for ETH/USD shows that the price of the second largest … [Read more...] about Ethereum price technical analysis: ETH vulnerable below $1,600