Weekly Newsletter - Crypto Daily™ - Issue #19

The Horizon Bridge hack continues to be one of the leading news in the market right now. Blockchain analytics firm Elliptic has named the infamous North Korean hacker group Lazarus as the mastermind behind the hack. Plus the Harmony team has also announced a $1 million bounty for information about the exploit. Keep reading to find out more about the Horizon Bridge hack and other notable events that happened in the market this week.

Decentralized finance (DeFi) on Bitcoin is growing, indicating a momentum shift might be nigh. DeFi leverages blockchain technology to give users access to financial services without having to rely on intermediaries. 

MakerDAO, the decentralized autonomous organization (DAO) behind the DAI stablecoin, is voting on how to allocate $500 million in treasury funds. The proposal is aimed at helping the organization navigate the ongoing bear market through investments in United States treasuries and bonds.

The FBI has added missing OneCoin founder Ruja Ignatova to its top ten most wanted fugitives list over charges of defrauding investors and absconding.

Bitcoin (BTC/USD) continued to focus on some important price objectives early in the Asian session as traders remains reluctant to add a significant amount of long market risk following several weeks of intense selling pressure. 

In this week’s interview, Adryenn Ashley sat down with Dusk Network’s new Senior Project Manager Ryan King.

The race to acquire distressed crypto lender BlockFi heats up, as Ledn, the crypto loans and savings platform offers to lead a funding round and provide equity in order to leverage a significant share of the company.

The European Parliament and the Council Presidency have agreed upon landmark crypto regulation, with negotiations resulting in the Markets in Crypto-Assets (MiCA) proposal, which will provide clear rules for crypto issuers, and focuses heavily on the regulation of stablecoins.

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