Day: June 28, 2023

100k OpenAI credentials on sale for crypto

In a startling revelation, Group-IB, a leading cybersecurity firm based in Singapore, has identified over 100,000 devices infected with stealer malware that contain saved ChatGPT credentials. These compromised credentials have been found within the logs of info-stealing malware traded on illicit dark web marketplaces over the past year. The number of logs containing compromised ChatGPT accounts reached a peak of 26,802 in May 2023. The Asia-Pacific region has seen the highest concentration of ChatGPT credentials being offered for sale over the past year. ChatGPT, an AI-powered chatbot developed by OpenAI,…

RBI lists risks of stablecoin for developing economies, calls for global regulation

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Stablecoin has a lot of potential to harm emerging markets and developing economies, the Reserve Bank of India (RBI) claimed in its latest Financial Stability Report, released June 28. The report listed six threats that stablecoin presents. The RBI has been a steadfast critic of cryptocurrency, but it was particularly articulate about the problems it sees with stablecoin “from an EMDE [emerging markets and developing economies] perspective.” It listed six specific problems, even though: “The lack of authenticated data and inherent data gaps in the crypto ecosystem impede a proper…

Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

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Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders. The first lending pool will be available sometime in July, the company stated. Introducing Maple Direct, the new lending arm of Maple Finance. With the formation of Maple Direct, Web3 now has a specialist digital native lender and launches to meet the growing institutional demand for a trusted…

Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing. A large part of the recent leg of Bitcoin’s (BTC) rally started after BlackRock filed to list a spot Bitcoin exchange-traded fund (ETF) on June 15. Several applications by other firms have been rejected by the United States Securities and Exchange Commission in the past. However, BlackRock’s filing has a 50% possibility of getting approved, said Bloomberg senior ETF analyst Eric Balchunas.  Another bullish catalyst for the cryptocurrency markets could be a filing by…

Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers

The complaint, filed Tuesday, alleges Daniel Friedberg served as a “fixer,” paying “exorbitant hush money” to would-be whistleblowers who threatened to expose the exchange’s alleged misappropriation of user funds. He faces 11 charges, including legal malpractice, breach of fiduciary duty, corporate waste and several counts of fraudulent transfers, according to the lawsuit. Source

Compound Founder Forms ‘Superstate’ to Issue Bond Fund With Ethereum for Record-Keeping

“The adviser believes that a blockchain-integrated recordkeeping system may provide operational efficiencies and enhance shareholder experience without negatively impacting the quality of the services provided by the fund’s transfer agent,” according to the filing. “In the future, the fund’s shares may also be available for purchase, sale, or transfer from one shareholder to another shareholder (or potential shareholder) ‘peer-to-peer’ on a blockchain by utilizing Secondary Blockchain Records.” Source

BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report

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The Bank for International Settlements (BIS) Innovation Hub published an interim report on Project Mariana, its collaboration with the central banks of France, Singapore and Switzerland, on the use of wholesale central bank digital currency (wCBDC) in tokenized foreign exchange trading. The project is a proof-of-concept that considers questions relating to credit and settlement risk and interoperability. Specifically, the project looks at automated market makers (AMMs), token standards and network bridges as it “explores the feasibility of an international FX interbank market using wCBDCs on a blockchain-based network.” An AMM…

Staked ETH surpasses 23 million in June — Nansen

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The volume of Ether staked keeps reaching new heights since the Shapella upgrade in April, crossing 23 million Ether locked in June.  According to data from analytics firm Nansen, a total of 23.3 million Ether (ETH) was staked as of June 27, amounting to $43.1 billion at the time of writing and representing nearly 20% of the current $220 billion supply of ETH. In comparison, Solana (SOL) currently has a staking ratio of 70.58%. ETH deposits, withdrawals and total locked. Source: Nansen In the Ethereum blockchain network, staking refers to the process of…