Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets – Finance Bitcoin News

A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with issuing digital assets. New Law Opens Door to Blockchain Space for Russian Financial Service Providers The State Duma, the lower house of parliament in Russia, has adopted on first reading a bill allowing financial marketplaces, as defined by another Russian law, to also function as blockchain platforms facilitating the issuance and exchange of digital…

Platypus attack exploited incorrect ordering of code, auditor claims

The $8m Platypus flash loan attack was made possible because of code that was in the wrong order, according to a post mortem report from Platypus auditor Omniscia. The auditing company claims the problematic code didn’t exist in the version they saw. In light of the recent @Platypusdefi incident the https://t.co/30PzcoIJnt team has prepared a technical post-mortem analysis describing how the exploit unravelled in great details. Be sure to follow @Omniscia_sec to receive more security updates!https://t.co/cf784QtKPK pic.twitter.com/egHyoYaBhn — Omniscia (@Omniscia_sec) February 17, 2023 According to the report, the Platypus MasterPlatypusV4…

Filecoin’s FIL Token Jumps More Than 30%, Sparking Interest in Virtual Machine Launch

The network first announced FVM’s launch last September at the FIL Singapore conference, promising the software platform would support an array of user programmable applications such as perpetual storage, storage replication and repair automation and liquid staking through block rewards. The platform also has the capability to support the creation of data-centric decentralized autonomous organizations (DAOs), which would facilitate pay-per-view transactions and the creation of Web3 games, among other applications. Source

MakerDAO voting on $100M loan participation with Florida commercial bank

Crypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized finance (DeFi) and traditional finance.  As per MakerDAO’s governance forum, Cogent Bank, a Florida commercial bank, is proposing to participate with $100 million in loans to MakerDAO’s RWA Master Participation Trust. Maker Governance votes on 4 Governance Polls within the current monthly governance cycle. What’s being voted on and what are the implications? Recap, here. ↓ pic.twitter.com/YivsBJHpHv — Maker (@MakerDAO) February 17, 2023 The proposal is part of…

Former FTX exec will plead guilty to federal charges with a deal: Report

Nishad Singh, the co-founder and former chief engineer of bankrupt crypto exchange FTX, is working on a plea deal with prosecutors, Bloomberg reported on Feb. 17. The deal, which would see the 27-year-old Singh plead guilty to charges related to FTX’s collapse, has yet to be finalized, the report said. Singh would be following in the footsteps of former FTX chief technology officer Gary Wang and former Alameda CEO Caroline Ellison, who pleaded guilty to federal fraud charges in December after reaching deals with prosecutors. Former FTX CEO Sam “SBF” Bankman-Fried…

Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint

A complaint filed by the United States Securities and Exchange Commission said Terra co-founder Do Kwon and Terraform Labs laundered more than $100 million worth of Bitcoin from the platform following its collapse in May 2022. According to the SEC complaint filed in the U.S. District Court for the Southern District of New York on Feb. 16, Kwon and Terraform have transferred more than 10,000 Bitcoin (BTC) from the platform and the Luna Foundation Guard to a cold wallet, then to a Swiss bank account to convert to fiat. The…