Bitrue Bulletin | 29.5.2023–4.6.2023 | | by Bitrue | Jun, 2023

From the Bitrue blog.

| 29.5.2023–4.6.2023 |

Atomic Wallet Hacked: Largest Victim Reportedly Lost 2.8M USDT — Atomic Wallet, a non-custodial decentralized crypto wallet with over five million customers, experienced a hack resulting in the loss of digital assets. The largest victim of the hack lost nearly $3 million worth of Tether (USDT), with multiple other users also experiencing losses in the six-figure range across different blockchain networks.

Japan’s Largest Bank To Issue Stablecoins on Leading Blockchains — Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, plans to launch bank-backed stablecoins on public blockchains, including Ethereum, Avalanche, Cosmos, and Polygon. MUFG has collaborated with DataChain, a startup specializing in blockchain interoperability, to support cross-chain swaps, payments, and lending across different blockchains. This development signifies a significant step towards integrating traditional banking and blockchain technology, with potential implications for global financial systems.

Proposed Bill to Classify Crypto as Commodities by House Republicans — Senior House Republicans in the U.S. Congress have introduced a draft bill to reclassify digital tokens from securities to commodities, aiming to establish clearer regulatory guidelines for digital assets. The bill focuses on determining the classification of digital assets as commodities or securities and addresses the issue of decentralization. Additionally, the bill proposes the creation of a new category of registered businesses called digital commodity exchanges, subject to oversight by the Commodity Futures Trading Commission (CFTC).

This article came directly from the Bitrue blog, found on——2

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