COIN BUREAU NEWSFLASH! – (27/09/22) Here are some of today’s m | Coin Bureau Insider
COIN BUREAU NEWSFLASH! – (27/09/22)
Here are some of today’s most important headlines:
New Cosmos White Paper Revamps Cosmos Hub, ATOM Token
Cosmos, the Interoperability-focused blockchain network, has released a new white paper which outlines the new vision for the Cosmos Hub and ATOM token. The white paper lays out a set of proposed changes to the Cosmos Hub that will see it play a central role in interchain security. It also proposes changes to the utility and issuance schedule of ATOM. The proposed changes are expected to be made on-chain on October 3rd.
https://www.coindesk.com/tech/2022/09/26/new-cosmos-white-paper-revamps-cosmos-hub-atom-token/
FTX Wins Auction for Bankrupt Crypto Broker Voyager Digital’s Assets
According to reports, Sam Bankman-Fried’s crypto exchange FTX has won the bidding war to buy the assets of Voyager Digital Ltd. FTX reportedly won with a bid valued at $1.42 billion. The purchase agreement between Voyager and FTX will be presented for approval to the U.S. Bankruptcy Court for the Southern District of New York on Oct. 19, and will also need creditor approval before it can proceed.
https://www.wsj.com/articles/ftx-wins-auction-for-bankrupt-crypto-broker-voyager-digitals-assets-11664263726
California Files Order Against Nexo Interest Account
As part of an ongoing investigation into businesses that offer interest-bearing crypto assets accounts, the California Department of Financial Protection & Innovation (DFPI) has issued a desist and refrain order against crypto lending platform Nexo. DFPI would be taking action against the company alongside regulators from seven other American states. The other participating states are Kentucky, New York, Maryland, Oklahoma, South Carolina, Washington, and Vermont.
https://cointelegraph.com/news/california-files-order-against-nexo-interest-account-says-it-s-8th-state-to-take-action
Do Kwon Says He’s Not Hiding, South Korea Moves to Freeze Bitcoin Tied to Do Kwon
Yesterday, after reports of Interpol issuing a red notice for Do Kwon broke out, Kwon was seen replying to tweets asking for his thoughts on the red notice. He is seen stating,
“I’m writing code in my living room…. I’m making zero effort to hide. I go on walks and malls, no way none of CT hasn’t run into me the past couple weeks.”
In the meanwhile, South Korean Prosecutors have reportedly sent requests to crypto exchanges KuCoin and OKX to freeze a total of 3,313 Bitcoins (~$67 million) that had been moved to the exchanges from a wallet linked to Kwon’s Luna Foundation Guard.
https://www.bloomberg.com/news/articles/2022-09-27/south-korea-seeks-to-freeze-bitcoin-btc-linked-to-do-kwon
Hackers Steal Nearly $1 Million in Crypto From ‘Vanity Address’ Exploit
According to an alert published by blockchain security firm PeckShield, 732 ETH (~$950,000) has been stolen from an Ethereum address created at the vanity wallet address generator called "Profanity". The attacker reportedly moved the funds to crypto mixer Tornado Cash on September 25. This is the latest attack which is linked to vanity addresses generated via Profanity to be reported after the Wintermute hack last week.
https://decrypt.co/110526/hackers-nab-nearly-1-million-crypto-ethereum-vanity-adress-exploit
Walmart's New Roblox Metaverse Tells Kids Where to 'Find All the Best Toys'
Retail giant Walmart has announced the launch of two new experiences titled ‘Walmart Land’ and ‘Walmart’s Universe of Play’ in Roblox. The experiences are expected to allow consumers to experience the metaverse. According to the statement issued by Walmart, Walmart Land will include a virtual merchandise store, while Universe of Play contains various toy worlds and games.
William White, Walmart U.S.’ chief marketing officer, stated,
