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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market news
- Zhou Wei, former chief financial officer of binance CEO of Exchange and coins.ph Platform, said the crypto market will remain depressed for a long time and more restrictive regulations are coming after the collapse ftx, “Basically, we all have to prepare ourselves for a pretty long winter in the crypto world,” Zhou Said for the South China Morning Post. “It’s going to push everyone into a deep bear market.”
security news
- North Korea Hackers have stolen an estimated ₩1.5 trillion won ($1.2 billion) in crypto and other virtual assets over the past five years, more than half of it this year alone, Independent Reportedciting South Koreadetective agency of Experts and officials say that North Korea has turned to crypto hacking and other illegal cyber activities because it is in dire need of foreign currency.
- bug bounty and security service forum immunity released it wide Top Crypto Bounties and Ransom Payments Report, which states that a total of over $65.9 million in crypto bounty payments have been made through Immunofi, with the top 5 crypto bug bounty payments awarded to whitehats totaling $30.2 million in just one year. The highest reward paid in 2022 is $10 million for a vulnerability discovered wormhole Drafting Critical vulnerabilities lead with over $61 million, accounting for 92.7% of all bounties paid, while smart contracts saw over $59 million in bounty payments, accounting for 89.6% of the total amount paid to whitehats. % Is. Meanwhile, malicious hackers return $32.7 million they illegally obtained DeFi Protocol in 5 specific conditions in 2022, and placed approximately $6.5 million in total ransom payments.
exchange news
- coinbase announced to have successfully registered with Central Bank of Ireland As a Virtual Asset Service Provider (VASP), which means Coinbase can continue to provide products and services from Ireland to individuals and institutions in Europe and internationally, Said blog post. It also introduced Cormac Dinan as their new Country Director for Ireland.
regulation news
- Brazil President Jair Bolsonaro signed into law a bill that establishes a regulatory framework for the trade and use of “virtual currencies” in the country. To Official magazine of the federal government. The new law will become effective in 180 days.
- investment platform MyConstant ordered by California Department of Financial Protection and Innovation (DFPI) to “avoid and avoid violating California Securities Law and the California Consumer Financial Protection Act” through its crypto-related products in the US. Said Press release. DFPI’s action found that MyConstant’s peer-to-peer lending services and interest-bearing accounts violated California law and ordered it to stop offering them.
- US Senator Pat Toomey is retiring started crypto Legislation – Stablecoin Trust Act – which “will establish the first federal regulatory framework for stablecoin payments and guide Congress toward a path toward sensible regulation of cryptocurrencies.”
mining news
- british columbia hydro and power authority (BC Hydro), a Canadian electric utility in the province of British Columbia, is set to block all new electricity-connection requests from cryptocurrency. miners for 18 months. “The temporary suspension will preserve BC’s power supply, while giving the government and BC Hydro ample time to engage with industry and First Nations, and develop a sustainable framework for any future cryptocurrency mining operations,” Said Press release.
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