Binance has introduced a pilot program enabling banks to custody trading collateral outside the exchange to mitigate counterparty risk for institutional investors. This initiative marks a significant step in combining traditional banking practices with blockchain tech.
Fireblocks launched Off Exchange, a new trading system using Multi-party Computation (MPC) wallet technology, enabling institutions to swap tokens without depositing them on centralized exchanges and aiming to eliminate counterparty risk.
A recent string of hacks on KyberSwap, Justin Sun-associated platforms and Raft expose deep-seated security flaws and show the need for advanced protection for users and investors.
The DEX suffered a substantial loss of over $50 million last week due to a cyber attack. The hacker has now announced they will announce a potential deal on a bounty at the end of November.
Belgium is set to further the EU's blockchain advancement during its presidency of the Council of the European Union. The focus is on developing a public-sector blockchain network, now named Europeum.
The Blockchain Association has ramped up support for Tornado Cash against OFAC sanctions and released its 2023 report focusing on proactive crypto policy and regulatory engagement.
