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Day: December 15, 2022
France may oblige crypto platforms to obtain licenses
French Parliament will discuss the amendment, canceling the favorable treatment of crypto companies, in January 2023. Following the global trend of tightening the crypto regulation in the aftermath of recent market failures, France may reassess its eased regime of licensing for digital asset providers. That would challenge the nation’s efforts to present itself as one of the most pro-crypto countries in Europe. According to the Financial Times, Hervé Maurey, a member of the French Senate’s finance commission, proposed an amendment to eliminate a clause enabling crypto companies to operate without…
PayPal Partners with MetaMask to Integrate New Crypto Services
The service has officially been rolled out to select PayPal users within the United States, with more expected in the coming weeks. Digital payments platform PayPal has announced a new partnership with Web3 wallet MetaMask. According to the Wednesday announcement, the integration will enable MetaMask users to buy or transfer the second-most-popular cryptocurrency, Ether ETH. For a start, the service is currently available, only to a select few PayPal users within the United States. This may be because the US represents one of MetaMask’s largest markets in terms of users…
Relying on Centralized Databases Makes Dapps Vulnerable to Data Tampering Says Nate Holiday – Interview Bitcoin News
Decentralized applications (dapps) are prone to data tampering because they “are largely built on top of centralized databases and services,” the CEO of Space and Time Nate Holiday has said. The CEO also shared a list of data tampering risks which he said are specific to data warehouses. Companies Relying on Centralized Databases and Services According to Nate Holiday, the CEO of decentralized data warehouse Space and Time, the recent draining of funds on the defi (decentralized finance) lending platform Lodestar Finance, and Axie Infinity’s Ronin network attack before that,…
CLSK Shares Slides 8.77% in After Hours, CleanSpark Reports $42.3M Net Loss in Q4 2022
CleanSpark revenues for Q4 2022 grew to $26.2 million, which is an increase of $3.3 million from $22.9 million the prior year. CleanSpark Inc (NASDAQ: CLSK), a cryptocurrency mining company based in the United States, reported its Q4 2022 and the financial year ending September 30, 2022. According to the SEC filings, revenue collected in the fourth quarter by CleanSpark came in at $26.2 million. However, the mining company reported a net loss of $42.3 million. As such, CLSK shares dropped approximately 8.77 percent during Wednesday’s after-hours trading session. The…
Polkadot Price Trends 2023: Coinspeaker Advent Calendar
We see a potentially good year for Polkadot in 2023, but not enough to surpass its previous ATH. Dear readers welcome to our latest edition of the Coinspeaker Advent Calendar where we X-Ray the 2023 expectations of one of the most innovative digital currencies in today’s blockchain ecosystem Polkadot (DOT). Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot came…
Ethereum Active Addresses At Highest Since May 2021, Good News For ETH?
On-chain data shows the Ethereum daily active addresses metric is now at the highest level since May 2021, a sign that could be positive for the latest rally above $1,300. 637,000 Unique Ethereum Addresses Have Been Showing Daily Activity Recently According to data from on-chain analytics firm Santiment, ETH is currently observing its highest point of activity in 17 months. The “daily active addresses” is an indicator that measures the total number of Ethereum addresses that were involved as a sender or as a receiver on any given day. When the…
FCA’s incoming chair calls for further crypto regulation
The United Kingdom’s Financial Conduct Authority’s (FCA) recently appointed chair has presented an unfriendly attitude toward cryptocurrencies in a cross-party Treasury select committee meeting. Ashley Alder, who will assume control of the FCA in February, told Treasury members on Dec. 14 that cryptocurrency-related businesses were “deliberately evasive” and suggested the sector facilitated money laundering. According to a report from Financial Times, the current chief executive of Hong Kong’s Securities & Futures Commission highlighted his belief that the cryptocurrency ecosystem creates risk that requires further regulation from government: “Our experience to…
Ethereum Name Service DAO Votes on Stewards for Three Working Groups
Each working group oversees different matters. The meta-governance working group is in charge of oversight and governance issues, while the ENS ecosystem working group supports members and their issues affiliated with the domain service. The public goods working group is in charge of organizing and funding ENS projects within the wider web3 ecosystem. Source
Opera launches security tools to protect users against malicious Web3 actors
Web3 browser Opera has announced a new set of security tools intended to help its users mitigate common risks associated with malicious actors in the Web3 ecosystem. The new set of security tools called Web3 Guard is a suite of browser security features that promises to protect users against malicious decentralized applications (DApps), seed phrase phishing attacks and malicious actors. The security tool scans for known security risks associated with DApps, such as suspicious code, security vulnerability and audit history. This helps users to get a better insight into the…