The crypto industry is baring its teeth in long-fought battle over spot exchange-traded funds, getting set to issue a report critical of how the Securities and Exchange Commission has handled itself. Source
Blockchain wallet and cryptocurrency exchange platform Blockchain.com has reportedly secured regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA. According to a Friday report from Reuters, VARA signed an agreement which will allow Blockchain.com to open an office in Dubai. The crypto firm currently operates several offices in North America, Europe, South America, and Singapore. Great work by the team here – Dubai ✅✅https://t.co/8nQm8w8y3g — Peter Smith (@OneMorePeter) September 9, 2022 Since Dubai’s prime minister and ruler Sheikh Mohammed bin Rashid Al Maktoum announced the establishment of the crypto…
On September 8, the crypto security and smart contract auditing firm Certik revealed that 500,000 DAI was sent through the Tornado Cash mixing platform after the funds were stolen in August 2021. The digital assets originally stemmed from the DAO Maker breach that saw the loss of more than $7 million in ERC20 tokens and stablecoins. Address Directly Connected to DAO Maker Hack Sends 500,000 DAI Through Tornado Cash Despite the U.S. government banning the Ethereum-based mixing application Tornado Cash, the application is still used regularly. On Thursday, the crypto…
A group of Democrats from the United States Senate has reportedly asked Meta CEO Mark Zuckerberg to provide details on the social media giant’s policies addressing cryptocurrency fraud. According to a Friday report from the Washington Post, Senators Robert Menendez, Sherrod Brown, Elizabeth Warren, Dianne Feinstein, Bernie Sanders and Cory Booker called on Zuckerberg for the actions the company may take to detect crypto scams, to coordinate with law enforcement and to assist victims of fraud. Meta currently controls Facebook, WhatsApp, Messenger and Instagram. “Based on recent reports of scams…
FTX Ventures, the investment arm of the Sam Bankman-Fried-led crypto exchange, is to take a 30% stake in Skybridge Capital, CNBC reported Friday. Source
A new report released from CoinGecko uncovered the places around the world most interested in the upcoming Ethereum Merge. The data found Singapore as the country most interested and by a large margin at that. Singapore scored 377, which is nearly 100 points higher than the second place nations, Switzerland and Canada, both tied at 286 points. Germany, the United States and the Netherlands filled out the remaining top five spots. Scores were determined through an analysis of the frequency of ten search terms and then combined for the overall…
DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar. The rise was partially driven by the Flow protocol, which rose 577% UAW due to Instagram’s support of its NFTs and the game Solitaire Blitz. On the other hand, Solana UAW shrank by 53% in August from the previous month, while transactions dropped by 68%, the findings showed. There were 1.67 million unique wallets connected to blockchain DApps in…
In the report, among the first publicly available responses to U.S. President Joe Biden’s executive order on cryptocurrencies, the office detailed its approach to the question of what sort of impact crypto mining has on the environment, including what the scale of the impact is and how different cryptocurrencies differ in their energy needs. Source
Hybrid Bridge Holdings Ltd. is reportedly the first company to receive a permanent license from the country’s capital markets authority to engage in crypto-related business activities. Source
Canadian cryptocurrency exchange Coinberry has filed a lawsuit against 50 users who collectively withdrew 120 bitcoins following a software error in 2020. Source