Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating stories that fly under the radar of today’s crypto news.
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exchange news
- Indonesia Bloomberg plans to set up its own crypto exchange this year Reported, As part of a comprehensive financial sector reform, Financial Services Authority The regulator will take over the assets in the next two years, by which time the exchange should be established Commodity Futures Trading Regulatory Agency Said.
- India‘s do The regulations on crypto, which went into effect last April, pushed traders to foreign exchanges. companies like binance And coinbase India to attain 67.6% of crypto market share by October 2022, up from 50% in November 2021 according According to a report by New Delhi based think tank Yesya, including Indian Exchange WazirX, coinswitchAnd coindcx Esya said it lost 81% of its trading volume between July and October.
crime news
- UK‘s national crime agency Crypto is recruiting a group of law enforcement officers to investigate crimes. “The NCCU Crypto Cell will be dedicated to an active cryptocurrency remit with the right tools and capabilities alongside associates with expert advice and guidance to target UK-based subjects,” Said A job advertisement posted on the government’s website.
regulation news
- three US regulators – the federal ReserveThe Federal Deposit Insurance Corporation (FDIC), and office of the comptroller of the currency (OCC) – issued A joint statement on cryptoasset risks banking organizations. “The events of the past year have been marked by significant volatility and the risk of vulnerabilities in the crypto-asset sector,” it said. The “key risks” associated with the sector and its participants that banking organizations should be aware of include scams and frauds, legal uncertainty, volatility, contagion risk, etc.
- israeli securities authority (is one) Proposed A framework for regulating digital assets. More specifically, the regulator proposed amendments to three existing financial laws to include digital assets, and the new crypto laws will be implemented after six months, once authorized and published.
legal news
- law firm of Kirby McInerney LLP announced that a class action lawsuit had been filed in we “On behalf of those who acquired [crypto-friendly bank] Silvergate Capital Corporation […] securities between November 9, 2021 and November 17, 2022,” Said a press release. The lawsuit alleges that the company made false and/or misleading statements and/or failed to disclose that its platform lacked adequate controls and procedures to detect money laundering cases; Its clients were involved in money laundering in excess of $425 million; The announcement said it was reasonably likely to face regulatory scrutiny and damages including penalties and damage to reputation.
adoption news
- Chiang Wan-en, the elected mayor of Taipei, said during a conference that in TaiwanThe blockchain-powered future of, “everyone will have a chance to be heard,” the rest of the world Reported, The country’s digital industry minister, Liu Zhang-hua, said that investing in blockchain The technology will bring cyber security and empowerment to Taiwan, which has set the stage for the region to become a crypto haven despite the market downturn.
mining news
- bitcoin (btc) miner werewolfThe management team invested over $15 million of their personal capital in the company, Said Chairman and CEO Paul Prager in an open letter. Among his 2023 priorities, Prager calls for achieving a target of 49,000 operational miners in the first quarter, expanding the suite of grid services they offer in the market, and executing the company’s recently announced cost-cutting initiatives Highlighted the optimization of power.
- cleanspark Publishes its monthly bitcoin production update for December 2022, says it hits record daily production of BTC 22, ends 2022 with BTC 4,621 tunneled in calendar year. The company funded development and operations through the sale of BTC 517 in December at an average of about $17,000 per BTC. Sales equate to revenue of approximately $8.7 million, Said announcement.
nft news
- Philippine Basketball Association (PBA) and mobile-first platforms virtuality announced That Virtualness will provide a digital experience exclusively for basketball fans to discover, explore, collect, trade, buy and own moments in sports through branded digital collectibles. Use cases for these non-fungible tokens (nftThe announcement states that the collectibles “range from commemorative, topical, gamification to unlocking unique fan experiences”.
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