Crypto Calendar News

2024-03-01 21:10:28 BlackRock’s Bitcoin ETF sees massive inflow while Grayscale faces second largest outflow

Data from BitMEX suggests that BlackRock’s IBIT had another remarkable day for the Bitcoin ETFs. It witnessed the second-largest inflow since trading started, with $604 million coming under management, equivalent to roughly 10,000 BTC. This dramatic influx escalated the cumulative total of inflows for IBIT to an impressive $7.8 billion. As a result, BlackRock’s total Bitcoin holdings have surged to 161,378 BTC.

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2023-09-02 21:57:18 FBI, GCHQ joint report warns of crypto-targeting Infamous Chisel malware

The report was a combined effort of the Federal Bureau of Investigation (FBI), National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), the National Cyber Security Centre (NCSC), a part of the UK’s GCHQ, and others. The malware is associated with activity linked to a hacking unit within Russia's GRU military intelligence agency known as Sandworm, which has been targeting the Ukrainian military, according to the report.

As part of the unauthorized copying, transfer or retrieval of data, the malware searches for specific application directories on a device, including those related to the web3 browser Brave, Binance and Coinbase apps, the Trust crypto wallet and communications platforms Telegram and Discord. It also targets the Android Keystore system that lets users store private keys, and every file in the directories is extracted. With digital assets becoming increasingly valuable, cybercriminals have been devising new methods to breach security protocols. Last month, security researchers issued warnings on malware aimed at stealing Apple users' crypto assets via fake blockchain games, for example.

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2023-09-01 21:49:46 Curve Finance Integrated With Base To Offer New Liquidity Pools

Curve Finance, a prominent decentralized exchange protocol tailored for Stablecoins and Crypto Assets pegged 1:1 in value, has unveiled its latest liquidity pools on Layer 2 Base. The platform introduces three dynamic liquidity pools: 3c featuring USDbC, axlUSDC, and crvUSD; cbeth comprising ETH and cbETH; and tricrypto containing crvUSD, tBTC, and ETH. While a forthcoming router (trading interface) is in the works, users can engage in trading directly within the pools.

Dissimilar to Uniswap, Curve sets itself apart by enabling users to transact stablecoins with minimal slippage and fees. Liquidity Providers (LPs) stand to gain transaction fees and lending interest from prominent platforms like Compound and yEarn.finance. According to Coincu’s coverage, Curve faced a security vulnerability in its liquidity pools due to the usage of the Vyper language in early August. Exploiting these loopholes, hackers gained unauthorized access. In an unconventional response, Curve established a contract offering the hacker a 10% bug bounty reward from the stolen assets. While several hackers accepted refunds, a couple remained adamant. However, the protocol has now reclaimed a substantial 70% of the pilfered funds.

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2023-08-31 06:52:01 Avalanche Launched A New Cross-chain Messaging Protocol Teleporter

Avalanche has announced the launch of Teleporter, a new cross-chain messaging protocol on the X platform, currently open for testing. Reportedly, Teleporter is built on top of Avalanche’s Avalanche Warp Messaging local communication protocol, which provides smart contract developers with a simple and native way to invoke contracts on EVM-based chains. other in Avalanche. The three subnets in this demo, including Amplify, Bulletin, and Conduit, are all equipped with the latest and greatest Teleporter smart contracts.

The developers have set up 3 EVM subnets (Amplify, Bulletin, Conduit) on the Fuji test network, each equipped with Teleporter and AWM Relayer. These subnets are intended as a place to deploy contracts and test interactive integrations with Teleporter. To get started, first head to the faucet to get your hands on some Amplify / Bulletin / Conduit gas tokens. After that, you can mint the TLP (Teleporter Test Token) ERC-20 on the Amplify Subnet. Finally, you can head to the Teleporter Bridge tool to kick off your first teleport and watch your TLP tokens transfer between the three subnets. There are continued efforts to both harden them and gather feedback from testnet deployments.

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2023-08-31 01:44:50 Uzbekistan Creates Good Conditions For Crypto Development With Tax Free

Uzbekistan has unveiled ambitious plans to establish a regulatory framework for cryptocurrency miners, mining pools, and token issuance, marking a significant step in shaping the country’s digital asset landscape. Five specialized legal acts are set to cover various aspects, from licensing cryptoasset exchanges to participant registration within special regulatory regimes. Driving these initiatives is the National Agency for Perspective Projects (NAPP), which has been designated as the regulatory authority for this sector.

The NAPP team comprises 45 professionals, spanning IT experts, legal advisors, international anti-money laundering specialists, and individuals well-versed in the technical underpinnings of crypto assets. Pak highlighted several upcoming legal endeavors, including the incorporation of mining within licensing procedures, revising mining conditions to include alternative energy sources, and introducing administrative and criminal penalties for unauthorized cryptoasset transactions. In a pioneering move, Uzbekistan exempts crypto asset operations from taxation, with the generated income falling outside the taxable domain. The collected fees, reaching over 6 billion sums (approximately $494,000), contribute to the state budget while supporting NAPP’s operational capabilities.

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2023-08-29 22:48:29 South Korea Boosts Crypto Exchange Security With Early Implementation Of Stricter Regulations

South Korean financial authorities are poised to introduce stringent regulations for cryptocurrency exchanges. According to reports from Korean media outlet News 1, the forthcoming guidelines pertain to issuing real-name bank accounts, involving previous criteria outlined by the Federation of Korean Banks. The new regulations require cryptocurrency exchanges holding real-name accounts to establish a reserve fund ranging from a minimum of 3 billion won to a maximum of 20 billion won, effective September.

Under these rules, exchanges must accumulate 30 percent of their average daily deposits or 3 billion won, whichever figure is higher. Notably, if the calculated 30 percent exceeds 20 billion won, exchanges can accumulate up to that maximum threshold. Enhanced user verification processes, including Know Your Customer (KYC) protocols and additional fund transfer checks, are also incorporated into the operational guidelines set by the banks. Originally planned for implementation in January 2024, the early adoption of the “reserve accumulation” requirement in September indicates a proactive approach by both the financial authorities and the exchanges. The regulations also address user protection, ensuring a safer trading environment.

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2023-08-28 11:19:11 Stablecoins Settled as Much Value as Visa in 2022: Analysis

Stablecoins are winning in the realm of payments, and are largely used for non-speculative activity. Stablecoin payment adoption continued to thrive last year despite massive capital outflows from the crypto market at large, according to a new report from European hedge fund manager Brevan Howard. The fund’s report – co-authored by Venture Co-Head Peter Johnson and quant analyst Sai Nimmagadda – analyzed “non-speculative stablecoin usage” across a range of blockchains and layer 2 networks.

Blockchains included Ethereum Tron, Binance Smart Chain (BSC), Polygon, Optimism, Arbitrum, Fantom, and Avalanche. The stablecoins analyzed included USDT, USDC, BUSD, and TUSD – all of which are backed by bank deposits, US Treasuries, and other highly liquid cash equivalents. Usage of such tokens, it noted, “has decoupled from crypto exchange volumes.” Since December 2021, stablecoin volumes only fell 11%, and weekly stablecoin transactions rose by 25%, while broader CEX and DEX volumes fell 64% and 60%, respectively. The total value settled through stablecoins last year approached that of card payment giant Visa’s $11.6 trillion figure and dwarfed PayPal’s $1.4 trillion figure. PayPal has now launched its own stablecoin, PYUSD, which it seeks to popularize for low-cost merchant payments worldwide.

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2023-08-26 10:28:15 JPMorgan sees 'limited downside' for crypto markets over the near term

The crypto markets experienced a correction and liquidations this month, but the challenging phase has likely passed, according to JPMorgan. Based on JPMorgan's analysis of CME bitcoin futures positions that serve as a proxy, the unwinding of long positions appears to be nearing its completion stage rather than being in its initial stages. "As a result, we see limited downside for crypto markets over the near term," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a note on Thursday.

Crypto traders had built long positions on the back of recent positive news — including the XRP ruling, the launch of PayPal's stablecoin, anticipation that the United States Securities and Exchange Commission will approve spot bitcoin exchange-traded fund applications, as well as early positioning by some traders ahead of the bitcoin halving event scheduled for next year — the JPMorgan analysts said. "The fading of the above previously positive news has induced a wave of long position liquidations in recent weeks that are still reverberating," the analysts said — but "unwinding of long positions appears to be at its end phase rather than its beginning," they added.

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2023-08-25 21:30:23 DEX aggregator 1inch goes live on Coinbase's Base network

1inch Network has launched its decentralized exchange aggregation protocol and limit orders on the Ethereum Layer 2 network, Base. The protocol will draw liquidity from decentralized exchanges such as Uniswap, Balancer, SushiSwap and Base Swap to optimize user swap rates. Additionally, the limit order protocol will enable Base users to trade at desired prices, executing only when the market price matches their set value.

"Base is a very promising Layer 2 solution, plus it's incubated by such a major player as Coinbase," 1inch Network co-founder Sergej Kunz said. 1inch leads in the DEX aggregation niche, processing over $1 billion in trading volume within the past week alone. The protocol has already integrated with the Optimism, Arbitrum and zkSync Era Layer 2 networks and also supports the Ethereum, BNB Chain and Avalanche blockchains, among others. The Base mainnet officially opened to the public on Aug. 9, with the number of daily active users on Base surpassing 100,000 — partly attributed to the hype surrounding social network Friend.tech and Base's Onchain Summer initiative — including Coca-Cola's "Masterpiece" NFT collection.

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2023-08-24 23:55:13 Binance Token Hits Year-Low Amid Escalating Regulatory Heat

Binance token (BNB) is inching closer to its lowest price point in over a year. The token faced a dip of up to 3.6%, settling at $210.2 on Tuesday. This latest setback contributes to a 15% loss for the year, despite Bitcoin’s noteworthy 50% surge since December. With a market capitalization of roughly $32 billion, BNB holds the position of the fourth-largest cryptocurrency. A significant factor in BNB’s value proposition lies in the trading-fee discounts it offers to BNB users.

Binance.US has faced a significant exodus of customers, while regulatory agencies like the US Commodities Futures Trading Commission have also taken actions. The US Department of Justice’s investigation, as reported by Bloomberg News, further compounds Binance’s woes. However, the cloud of legal challenges has been casting a shadow over Binance and, consequently, BNB. In June, the US Securities and Exchange Commission (SEC) launched a lawsuit against BNB and its American affiliate, Binance.US, citing potential securities law violations. Although BNB’s founder Changpeng Zhao and the platforms have refuted these allegations, the fallout has been palpable.

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