Mar 13Global crypto headlines of the weekGlobal crypto headlines of the week: 🛑US Treasury Secretary Janet Yellen stated that federal aid to Silicon Valley Bank is not currently planned. 🛑The federal government is exploring options to protect all uninsured deposits in SVB. 🛑Liquidity Group is planning emergency loans of $3 billion to assist startups affected by…Crypto1 min readCrypto1 min read
Mar 13California Launches a Crypto Scam Detection SystemThe California Department of Financial Protection and Innovation (DFPI) has announced the launch of the Crypto Scam Tracker. The system is able to identify fraudulent projects in the crypto world in real time. The software analyzes projects and informs about complaints filed by victims. The investor can study the collected…Cryptocurrency1 min readCryptocurrency1 min read
Feb 27Google Cloud to Become Validator on Tezos NetworkGoogle’s cloud computing operator is to become a validator on the Tezos network. Google Cloud’s corporate customers will be able to deploy Tezos nodes — a type of computer that runs a blockchain’s software to validate and store the history of transactions. The integration with Tezos marks Google Cloud’s latest…Crypto1 min readCrypto1 min read
Feb 27South Korea And Hong Kong Strengthen Cooperation To Suppress Illegal Cryptocurrency TransactionsThe South Korea Customs Service announced today that it has decided to activate the exchange of information on foreign exchange crimes with the Hong Kong customs authority to crack down on illegal foreign exchange transactions involving virtual assets. The customs authorities of the two countries wish to sign a memorandum…Cryptocurrency1 min readCryptocurrency1 min read
Feb 20FTX liquidators play ‘Storage Wars’ in hunt for saleable assetsBound to hit the market soon are a half a million dollars worth of office furniture and equipment and 13 storage units in the Bahamas full of FTX’s “physical goods.” That’s according to a report from liquidators tasked with digging through the bankrupt crypto exchange’s leftover assets. The list of…Cryptocurrency1 min readCryptocurrency1 min read
Feb 13Cardano’s Ethereum Sidechain Is Officially Operational On The Public TestnetA public test network of the proof-of-concept sidechain that has been constructed on top of the Ethereum Virtual Machine (EVM) is currently active, as stated in a statement released by the creator of Cardano Input Output following the release of the toolkit for developing sidechains.Cardano has released a public testnet…Crypto1 min readCrypto1 min read
Feb 13Orion Lost About $3 Million In Re-entrancy Attack And Hackers Are Removing TracesCryptocurrency trading protocol Orion lost $3 million in a Re-entrancy attack. The stolen funds are being transferred to the crypto mixer to remove traces. Currently, hackers are looking for a way to remove traces through the Tornado Cash crypto mixer. According to findings from crypto security firm Peckshield Inc., the…Cryptocurrency1 min readCryptocurrency1 min read
Jan 29EU’s final vote on Markets in Crypto-Assets (MiCA) regulation postponed until AprilThe European Union’s landmark crypto regulation, Markets in Crypto Assets (MiCA), won’t see a final vote in the European Parliament until April, stalling the process for the new rules to be enforced. was postponed to February in November, also due to translation issues. MiCA is one of the first EU…Crypto1 min readCrypto1 min read
Jan 22Crypto market maker CyberX raises $15 million led by Foresight VenturesCrypto investment firm Foresight Ventures led a $15 million Series A round into digital asset market maker CyberX. The deal for the company, which saw its valuation lift to the “few hundred million dollar range” per an interview with founder Zack Fan. CyberX’s raise follows several other market makers procuring…Cryptocurrency1 min readCryptocurrency1 min read
Jan 14The Bank Of France’s Governor Wants To Regulate Crypto Ahead Of The MiCA Criteria In 2024The governor of the Bank of France, has begun the process of setting harsher rules to regulate crypto firms operating in France. The European Union’s Crypto Asset Market Regulation (MiCA), which will act as a springboard to enable a block-wide licensing framework for cryptocurrency enterprises. Francois Villeroy de Galhau, the…Cryptocurrency1 min readCryptocurrency1 min read
