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Hong Kong Starts the Process of Regulating Crypto

Hong Kong Starts the Process of Regulating Crypto

Key Takeaways: Hong Kong begins discussions to introduce a stablecoin regulatory framework. Hong Kong regulator is seeking feedback from the public and stakeholders. HKMA listed five possible choices for regulating crypto assets. The Hong Kong Monetary Authority (HKMA) on Wednesday…

FLOAT Protocol Hacked: $1.16 M in ETH Stolen

FLOAT Protocol Hacked: $1.16 M in ETH Stolen

Key Takeaways: PeckShield Inc. informed people that the $FLOAT price oracle used in FloatProtocol is manipulated to drain about 350ETH value of funds from the affected pool. According to FloatProtocol, their RariCapital pool just experienced effects from a weak oracle…

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