Crypto Calendar News

2023-02-08 08:04:02 Uniswap founder denies swindling Balance.io co-founder

Uniswap founder Hayden Adams said he was “sad and disappointed” with recent comments by Balance co-founder Ric Burton. Burton said he was owed money from supporting Adams get Uniswap off the ground. However, Adams fired back, saying that two deals were turned down.

On Feb. 2, Burton posted a tweet thread detailing his account of developing the Ethereum (ETH) ecosystem during its infancy and the friendship the pair had struck up. The thread mentioned supporting Adams in getting Uniswap off the ground. This involved giving unrestricted studio access, mentorship, and money. Burton said that Adams had verbally agreed to repay him from Uniswap’s investment funding. Burton was going through a rough patch, leading to him being asked to leave Balance. He said this was also when his relationship with Adams became distant.

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2023-02-07 07:56:02 South Korea broadens rules defining which tokens are securities

South Korea's regulator has widened the definition of what type of blockchain-based token is considered a security with implications for issuers and crypto exchanges. The Financial Services Commission said Monday that tokens with matching characteristics to securities.

South Korea is expected to issue new crypto regulations in the coming months, making it the latest country to move forward with a regulatory regime in response to last year's collapse of big name operators including the country's own Terraform Labs, the company behind the Terra blockchain. Digital asset service providers, including crypto exchanges, will be responsible for evaluating whether tokens are securities, the FSC said. Firms that don't follow procedures for issuing securities would be violating the law and face sanctions, the statement said.

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2023-02-06 08:05:02 Texas BTC Miners Face More Problems After Another Storm Hit the State

The ice blizzard that passed through Texas caused domestic BTC miners to halt activities for a while. Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to a blizzard that battered the region. The extreme weather conditions prompted them to switch off.

As reported by Bloomberg, the ice storm that hit “the Lone Star State” damaged some of the equipment of the domestic bitcoin miners. Electricity consumption surged significantly due to the low temperatures, and those firms had to temporarily shut their businesses to protect the energy network. Texas had to endure another blizzard around Christmas. One of the leading BTC miners in the region – Argo Blockchain – said the weather conditions significantly diminished its production power. It mined only 147 bitcoin in December, compared to 198 BTC in November.

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2023-02-05 08:11:02 SBF’s Emergent Fidelity Technologies Is The Latest Company To Declare Bankruptcy

The new subsidiary founded by Sam Bankman-Fried, Emergent Fidelity Technologies, has filed for Chapter 11 bankruptcy protection, Bloomberg reported on Friday, citing court papers. The number of shares worth $ 600 million is still under a very tense ownership dispute.

Emergent owns 56 million Robinhood shares that Sam Bankman-Fried bought in mid-2022. After the bankruptcy of FTX, Alameda Research, and more than 130 subsidiaries globally in mid-November, these shares are worth up to 600 million USD at the moment. The number of shares with great value is still becoming the subject of many disputes because they are valuable assets that can be easily liquidated. Sam Bankman-Fried (SBF), who executes the acquisition and holds the paperwork for the stock purchase.

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2023-02-04 07:25:02 Orion Lost About $3 Million In Re-entrancy Attack And Hackers Are Removing Traces

Cryptocurrency trading protocol Orion lost $3 million in a Re-entrancy attack. The stolen funds are being transferred to the crypto mixer to remove traces. Currently, hackers are looking for a way to remove traces through the Tornado Cash crypto mixer.

According to findings from crypto security firm Peckshield Inc., the Orion protocol was hacked due to a re-login issue in its core contract. Hacking is possible due to inadequate re-login protection: the function swapThroughOrionPool allows a user-provided swap path with manually generated tokens whose transfers can be hijacked to re-enter the DepositAsset function to increase the user’s balance calculation without actually losing money. a fake token called ATK that was used to manipulate Orion groups. It uses a self-destructing smart contract.

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2023-02-03 08:29:02 Top crypto ransomware attacks extorted $69 million in bitcoin: Immunefi

Crypto ransomware payments have generated more than $69.3 million from the top 10 attacks since 2020. The $40 million paid in bitcoin by the Chicago-based insurance company CNA Financial represents 57.7% of that total. The top crypto ransomware payments have been identified in a new report from the web3-focused bug.

JBS, CWT, Brenntag, Colonial Pipeline, Travelex, UCSF, BRB Bank, Jackson County and the University of Maastricht join CNA Financial in the top 10, with ransom payments ranging from $218,000 to $40 million. All payments were made in bitcoin with the ransomware strains originating from Russia, Eastern Europe and Iran. Colonial Pipeline recovered $2.3 million of its $4.4 million ransom payment, while the University of Maastricht managed to recover the full $218,000 it paid.

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2023-02-02 09:28:02 South Korea Orders 5 Largest Crypto Exchanges To Delist Securities Tokens

South Korea orders the top 5 crypto exchanges under the DAXA association to delist tokens with security characteristics. The Korean Financial Services Commission has sent instructions to the officials of the five most considerable virtual assets (cryptocurrency) exchanges in the country in the DAXA.

DAXA plans to gather input from individual companies through its Future Trading Support Subcommittee. The first comments and questions are expected to be collected by February 9 and submitted to the Financial Services Commission. As for the issue of delisting tokens, the major Korean exchanges under DAXA have joined hands to establish common standards for delisting. The purpose of the expected standard for tokens to be secure is to avoid losses for investors. South Korean cryptocurrency exchange experts will announce a set of voluntary regulations on coin listing.

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2023-02-01 09:51:02 FTX-linked Alameda Research sues Voyager Digital for over $445M

Alameda Research is suing Voyager Digital for $445.8 million, seeking to recover loan repayments it made after Voyager filed for bankruptcy protection in July. The new court filing claims Voyager and other crypto lenders “either knowingly or recklessly” fueled the alleged misconduct.

The filing, made in a federal bankruptcy court in Delaware on Monday afternoon, noted that the total amount Alameda's lawyers want back — $445.8 million — could go higher, if evidence of more payments from Alameda to Voyager is found. They're also seeking the repayment of legal fees. FTX-linked entities that filed for bankruptcy protection in November, when the crypto behemoth collapsed after a run on its utility token. Voyager Digital had filed for bankruptcy protection several months earlier.

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2023-01-31 09:37:02 Turkish Units Wanted Out Of Bankruptcy Case By FTX

Crypto exchange FTX is requesting that Turkish units be excluded from the bankruptcy case’s purview, claiming in a court filing on Friday that Turkish authorities are unlikely to comply with orders from American courts. according to the new U.S. management, to include them in broader restructuring plans.

On November 11, FTX filed for bankruptcy in the United States, and its new owners are now working to wind up the affairs of as many as 134 businesses around the globe. The request relates to SNG Investments, a fully owned subsidiary of FTX Trading Ltd.’s trading arm Alameda Research, and FTX Turkey, a local exchange that parent company FTX Trading Ltd. owns 80% of. Both are characterized as “not strategic” within the corporate group in the filing, with the majority of their assets and operations concentrated in Turkey. its new owners are now working to wind up the affairs of as many as 134 businesses around the globe.

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2023-01-30 09:47:02 South Africa Dispute Resolution Office Now Takes. Crypto-Related Complaints

According to the Financial Advisory and Intermediary Services (FAIS) Act, the South African government agency in charge of looking into and resolving complaints has recently announced that it is now able to investigate complaints against existing registered financial service providers who offer advice on cryptocurrency.

The recent classification of cryptocurrency assets as financial goods, according to the organization known as the Office of the FAIS Ombud, has made this feasible. Investors in South African virtual asset service providers (VASPs) may now register complaints with the nation’s financial dispute resolution authority. Financial Sector Conduct Authority (FSCA) declared that digital assets now came within the umbrella of financial goods. Since Bitcoin was now officially recognized as a form of payment in the nation for the first time.

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