China News Daily TheBitTimes.com

Cathay Securities announced that it has obtained regulatory approval to launch Taiwan’s first Security Token Offering business.  Taiwan’s financial sector, Cathay Securities has become the island’s first brokerage firm authorized by the Financial Supervisory Commission to launch a Security Token Offering (STO) business. This pioneering move allows the brokerage to issue digital assets that represent investments, marking a significant milestone in the evolution of traditional finance and investment mechanisms in Taiwan. Cathay Securities’ inaugural STO will finance the parent company of Green Point Energy Creation, known for pioneering the renewable energy sector in Taiwan under the brand “Sunshine Volt Family.” The offering , dubbed “Sunshine Green Benefit Debt STO,” is structured as a six-year debt STO with a 3.5% annual interest rate, following an annual interest distribution and principal repayment upon maturity. The fundraising target is set at 30 mil...

The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, bringing the bounty close to $7 million. Decentralized finance (DeFi) platforms Curve, Metronome and Alchemix have jointly announced an initiative to recover stolen funds from the recent exploits of Curve’s pools. According to on-chain data, the protocols are offering a 10% bounty of the stolen funds as a reward, urging those responsible for the exploit to step forward and return the remaining 90%. The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, which would bring the bounty close to $7 million. Dear hacker, you've got an incoming messagehttps://t.co/ZKJjrO65PX — Curve Finance (@CurveFinance) August 3, 2023 The offer comes with a guarantee of no further legal actions or involvement of law enforcement. “We want to resolve this in a civilized manner," says the message included in the transaction. “You will have no risk of us pursuing this furthe...