COIN BUREAU NEWSFLASH! – (25/09/22) Here are some of today’s m | Coin Bureau Insider

COIN BUREAU NEWSFLASH! – (25/09/22)
Here are some of today’s most important headlines:

California Gov. Newsom Vetoes Crypto Oversight Bill

California Governor Gavin Newsom vetoed a crypto oversight bill that would require crypto financial-service businesses to get a special license to operate. He called the bill premature and costly.

The bill was called the ‘Digital Financial Assets Law’ and was sponsored by Democrat Assemblyman Tim Grayson. Before reaching Newsom, the bill had passed in the state senate and assembly late last month.

Newsom stated,

“It is premature to lock a licensing structure in statute without considering both this work and forthcoming federal actions. A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases and is tailored with the proper tools to address trends and mitigate consumer harm.”

https://www.bloomberg.com/news/articles/2022-09-24/newsom-vetoes-premature-crypto-oversight-bill-for-california

Tether's USDT Stablecoin Goes Live on Polkadot

According to an announcement by stablecoin issuer Tether on Friday, the firm’s USDT stablecoin is now natively available on Polkadot.

Paolo Ardoino, chief technology officer at Tether, stated

“We’re delighted to launch USDT on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space. Polkadot is on a trajectory of growth and evolution this year and we believe Tether's addition will be essential in helping it continue to thrive.

https://www.theblock.co/post/172633/tethers-usdt-stablecoin-goes-live-on-polkadot

MEVbots Backdoor Drains Users’ Ethereum Funds Via Arbitrage Trading Bot

An investigation by blockchain security firm Peckshield into Ethereum arbitrage trading bot MEV gain reveals that the trading bot has been actively draining its users’ funds via a fund-stealing backdoor. The investigation further revealed that at least six users have fallen victim to the attack. The trading bot’s primary promoter ‘chemzyeth’ has also deleted all traces of themselves from the internet.

https://cointelegraph.com/news/mevbots-backdoor-drains-users-ethereum-funds-via-arbitrage-trading-bot

Disney Hiring Transaction Lawyer For 'Aggressive' NFT And Defi Plans

According to a job posting by The Walt Disney Company on LinkedIn, the media conglomerate is looking to hire a transaction lawyer to explore emerging technology opportunities such as NFTs and is reportedly working at an "accelerated and aggressive timeline.” Just recently at the D23 Expo fan convention, Disney CEO Bob Chapek announced that the company was exploring and developing plans for the metaverse. The company had also recently chosen layer 2 scaling solution Polygon for its accelerator program this year.

https://www.theblock.co/post/172654/disney-hiring-transaction-lawyer-for-aggressive-nft-and-defi-plans-linkedin-post