Month: April 2022

Gibraltar rolls out new virtual asset regulation to combat market abuse

The British overseas territory of Gibraltar introduced a new regulatory package for distributed ledger technology (DLT) service providers. The document elaborates on the responsibilities of crypto businesses in regards to threats of market manipulation and insider trading.  On April 27, the government of Gibraltar published the 10th Regulatory Principle of the country’s financial services regulation. The details are revealed in a Guidance Note, provided by the Gibraltar Financial Services Commission (GFSC), the chief finance regulator of the territory. The regulation, crafted by a special working group that included both government…

Gibraltar unveils new cryptocurrency rules against market manipulation

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The overseas British territory wants to become a global hub for crypto firms. Geography Photos | Universal Images Group | Getty Images Gibraltar has unveiled new regulations for the cryptocurrency industry, taking aim at potential market manipulation and insider trading in the fast-evolving space. The overseas British territory, located on the southern tip of Spain, published an amendment to existing regulations Wednesday requiring firms dealing in bitcoin and other digital currencies to respect the integrity of markets in which they operate. In a guidance note for regulated crypto companies, the…

Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower

“This is what we call our colo-light strategy, wherein Blockmetrix partners with an industry-leading colocation developer and operator by contributing equity and functioning as an anchor tenant for the new venture,” Bannister said, adding that the JV partner will provide all of the developmental and operational expertise. “This allows Blockmetrix to significantly control our energy cost and secure locations for our rigs, while having a retained equity interest in the facility with no operational requirement.” Source

So What if the Ethereum Foundation Holds Fiat?

The EF said it spent $48 million last year to continue its mission of growing the Ethereum ecosystem. “Approximately $20 million of this total was in the form of external spending, which includes grants, delegated domain allocations, third party funding, bounties, and sponsorships,” according to the report. “The remaining $28 million was used to fund teams and projects within the EF community.” Original Source EthereumfiatFoundationHolds CryptoX Portal

Four Bored Apes Stolen in Malicious Phishing attack on Yuga Labs – Blockchain News, Opinion, TV and Jobs

Yuga Labs, the collective behind the infamous Bored Ape Yacht Club non-fungible tokens, has been targeted by another cyber attack, or so called phishing attack. In a phishing attack, a criminal poses as someone else, in order to break in. The hackers gained access to the Instagram profile of the Bored Ape Yacht Club. In the attack, 133 NFTs were stolen, which together are estimated to be worth about 2.4 million dollars (more than 2.2 million euros). Once in the account, the malicious hacker shared a fraudulent link to a…

Dragonfly Capital Raises $650M for Third Crypto Fund

Dragonfly Capital has closed its third fund with $650 million in capital, pushing the firm’s assets under management to around $3 billion, a company spokesperson told CoinDesk. The fund will focus on all stages of blockchain and crypto companies creating “new digital economies.” Limited partners included global investment giants Tiger Global, KKR and Sequoia China, among others. Source