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Dimon Calls for Crypto Regulation
Cryptocurrencies should be regulated, Jamie Dimon has said.
The CEO and Chairman of JP Morgan shared his thoughts on the digital assets space with the Investment Company Institute, remarking that there should be more regulatory oversight. In a clip shared with CNBC, Dimon commented that there should be more legal framework and tax measures in place for the fast-growing industry. He said:
“There should be legal regulatory tax-related framework, AML, around crypto. It’s now worth $2 trillion. When are they going to say “Oh my god, this is worthy of our attention”?”
“AML” refers to anti-money laundering measures. Many crypto skeptics have described Bitcoin as a potential vehicle for money laundering in the past.
Key Takeaways
An attacker has targeted Bunny Finance using a flash loan to manipulate the price of BUNNY. After they sold the tokens, the price crashed 96%.
The team says it is working on a reimbursement plan for holders affected.
Incidents on Binance Smart Chain have multiplied in recent weeks, while users have expressed concern with the overall health of the network.
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An attacker used a flash loan to exploit the Binance Smart Chain yield aggregator Bunny Finance earlier this morning. They dumped BUNNY tokens on the market, causing prices to plummet by 96%.
Another Exploit on Binance Smart Chain
Crypto asset manager Grayscale Investments has formed a partnership with the NFL team the New York Giants.
Grayscale Offers Sponsorships and Seminars
According to Grayscale, the firm will primarily act as the sponsor of upcoming events, including home games, the Giants Foundation Golf Outing, and the Giants Training Camp.
Grayscale will also host optional educational seminars on cryptocurrency for team personnel on a yearly basis.
Giants Chief Commercial Officer Pete Guelli has stated that Grayscale will guide it “in navigating the cryptocurrency ecosystem,” adding that the firm “has the institutional knowledge and network of partners that we can access as crypto continues to evolve.”