Crypto Never Sleeps Broad

2023-04-14 00:06:29 https://www.youtube.com/live/sTkDUromGPY?feature=share Open / Comment

2023-04-13 12:12:29 THE LATEST CRYPTO NEWS FROM CNS

Twitter to launch crypto and stock trading in partnership with eToro

Popular social media platform Twitter is reportedly set to introduce a new feature that will allow users of the platform to trade cryptocurrencies, and stocks. The new feature is being launched in partnership with fintech firm eToro, reported CNBC.

Twitter users will be able to browse market charts for a wider variety of financial instruments and purchase and sell crypto as well as other assets through eToro. The latest partnership between the social media platform and fintech firm will expand on Twitter's "cashtags" feature that currently allows users to view real-time trading data from TradingView.

https://cointelegraph.com/news/twitter-to-launch-crypto-and-stock-trading-in-partnership-with-etoro-reports


DeFi tool to notify users about suspicious on-chain activity

The success of Web3 is dependent upon solutions to the security issues posed by distinct application structures.

Web3 security companies are responsible for ensuring that blockchain-based platforms and applications are protected from cyber threats. These companies offer a variety of services, including smart contract auditing, security testing and incident response. PureFi, a decentralized finance (DeFi) protocol for cryptocurrency onboarding, has introduced a new method called SafeTransact to improve the security of Web3 transactions.

https://cointelegraph.com/news/defi-tool-to-notify-users-about-suspicious-on-chain-activity


SEC argues recent court case weakens Ripple Labs’ ‘fair notice’ defense

A recent court judgment further weakens a key defense made by technology firm Ripple Labs in its ongoing legal battle with the United States Securities and Exchange Commission (SEC), the regulator has claimed to a federal judge.

In an April 11 letter to U.S. District Judge Analisa Torres — who is overseeing the SEC vs. Ripple Labs case — the SEC highlighted the judge’s opinion in a separate enforcement action it won against investment advisory firm Commonwealth Equity Services.

In that case, it was deemed that a longstanding court precedent provides sufficient “fair notice.”

https://cointelegraph.com/news/sec-argues-recent-court-case-weakens-ripple-labs-fair-notice-defense


Ethereum’s Shapella hard fork executed on mainnet

The Shapella hard fork has officially been executed on the Ethereum mainnet — meaning that Ethereum validators can finally withdraw their staked Ether The long-awaited upgrade took effect at 10:27 pm UTC on April 12 at epoch number 194,048.

Within the first hour of the hard fork, a total of 12,859 Ether were unlocked in 4,333 withdrawals, according to Ethereum block explorer beaconchai.in.

https://cointelegraph.com/news/ethereum-s-shapella-hard-fork-executed-on-mainnet


Chainalysis and Calgary police launch cryptocurrency investigation center

A joint task force featuring investigators from the Calgary police department and analysis from blockchain data firm Chainalysis, dubbed the Western Canada Cryptocurrency Investigations Centre, was officially launched on April 12.

In a blog post announcing the partnership, Chainalysis co-founder and chief strategy officer Jonathan Levin remarked that “this demonstration of public-private partnership to solve novel issues in financial services is a model that the rest of the world can learn from.”

https://cointelegraph.com/news/chainalysis-and-calgary-police-launch-cryptocurrency-investigation-center Open / Comment

2023-04-12 13:46:34 THE LATEST CRYPTO NEWS FROM CNS

Spanish tax agency to send over 328K notices to crypto holders

The Spanish Tax Administration Agency (AEAT) is increasing its efforts to charge the local holders of crypto assets. The AEAT intends to dispatch 328,000 warning notices to those who should pay their taxes on crypto for the 2022 fiscal year.

According to the local newspaper El Mundo, the number of notices increased by 40% in a year, with 150,000 warnings in 2022. However, the fiscal authorities appear to be taking the matter seriously only recently, with just 15,000 notifications in 2021.

However, such activity isn’t focused solely on crypto, with more than 660,000 notices to be sent this year to those who underreported their rental income and 807,000 for their income abroad.

https://cointelegraph.com/news/spanish-tax-agency-to-send-over-328k-notices-to-crypto-holders


Ren Protocol transfers all assets to FTX debtors’ wallet in case of shutdown

Cross-chain bridge platform Ren Protocol has announced that FTX, Alameda Research and other affiliates that acquired the platform in 2022 have authorized and directed the platform to move all its crypto assets to FTX debtors’ wallets.

According to Ren, the move lets debtors safeguard their assets in case of a potential shutdown of their systems and infrastructure. The bridge service also highlighted that they would transfer the assets to a segregated wallet specific to Ren’s assets to separate the funds from other debtor wallets.

https://cointelegraph.com/news/ren-protocol-transfers-all-assets-to-ftx-debtors-wallet-in-case-of-shutdown


Hong Kong virtual bank to offer crypto conversions and accounts

ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.

According to an April 12 Bloomberg report, the bank will act as a settlement bank to allow token deposits at licensed exchanges to be withdrawn in Hong Kong dollars, Chinese yuan and United States dollars, and is also offering account services to crypto firms.

The accounts for local crypto firms follow a trial in a regulatory sandbox that saw approximately 100 firms participate, but ZA Bank CEO Ronald Iu noted that clients from mainland China would not be offered the service due to the country’s restrictions.

https://cointelegraph.com/news/hong-kong-virtual-bank-to-offer-crypto-conversions-and-accounts-report


Bitfinex Securities El Salvador receives Digital Asset Service provider license in El Salvador

Digital asset exchange Bitfinex Securities El Salvador has received a digital asset service provider license under El Salvador’s new Digital Assets Issuance Law, which was passed by El Salvador’s National Congress in January, with the goal of fostering increased financial innovation and growth in the Central American country.

According to the announcement, the license, which was granted on April 11 by El Salvador’s National Digital Asset Commission, makes Bitfinex Securities El Salvador “the world’s first international digital asset platform to receive approval to be licenced as a Digital Asset Service Provider” in El Salvador

https://cointelegraph.com/news/bitfinex-securities-el-salvador-receives-digital-asset-service-provider-license-in-el-salvador Open / Comment

2023-04-11 11:58:42 THE LATEST CRYPTO NEWS FROM CNS

Bitcoin Ordinals community debates fix after inscription validation bug

A few solutions are being discussed to fix a code bug found in the Bitcoin-native Ordinals protocol that has prevented over 1,200 inscriptions from being validated.

While nearly every member of the Ordinals community agrees that these inscription requests should be reincluded, the community is debating whether they should be added retroactively or not.

The bug came from the indexer function of the protocol only counting inscriptions that were in the first input of a transaction submitted up to and including version 0.5.1 of the protocol.

https://cointelegraph.com/news/bitcoin-ordinals-community-debates-fix-after-inscription-validation-bug


OPNX quips about its early dismal volume after reporting 90,000% surge

Open Exchange (OPNX) has claimed to have experienced a massive surge in trading volume and has joked about its dismally low volume on its opening day.

According to an April 10 tweet by OPNX, its day one trading volume on April 4 hit a total of $13.64 but has since apparently seen a surge to $12,398 on April 9, an increase of over 90,000%.

https://cointelegraph.com/news/opnx-quips-on-its-early-dismal-volume-after-reporting-90-000-surge


Winklevoss twins infuse Gemini with $100M personal loan

Tyler and Cameron Winklevoss, co-founders of the United States-based cryptocurrency exchange Gemini, have reportedly dipped into their own pockets to fund the business amid the crypto market downturn.

According to an April 10 Bloomberg report, the Winklevoss twins made a personal $100-million loan to Gemini following attempts to get funding from outside investors. Cointelegraph reached out to Gemini for comment, but did not receive a response at the time of publication.

https://cointelegraph.com/news/winklevoss-twins-infuse-gemini-with-personal-100m-loan-report


MetaMask launches new fiat purchase function for cryptocurrency

Cryptocurrency wallet and decentralized application (DApp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio Dapp. The move is intended to provide users with an easier way to purchase crypto with fiat currency.

https://cointelegraph.com/news/metamask-launches-new-fiat-purchase-function-for-cryptocurrency


Crypto exchange Huobi returns to profitability in Q1 after restructuring

According to an April 10 tweet by Justin Sun — the de facto owner of cryptocurrency exchange Huobi Global — Huobi saw $150 million in revenue during Q1 2023 compared with $120 million in expenditures, resulting in a net income of $30 million. Sun said that “a large number of measures were taken to reduce costs and increase efficiency” during the quarter. For Q2 2023, he projected the exchange will bring $187 million in revenue and $76 million in expenses, with a net income of $110 million.

Huobi was one of the largest cryptocurrency exchanges by volume until the off-boarding of its mainland Chinese users began in 2021. Its market share subsequently fell from 19% in 2020 to an estimated 2.2% in Q4 2022. Sun, who claims to be an “adviser” at Huobi Global, reportedly purchased 100% of the exchange’s stake from its co-founders in November 2022 through his entity About Capital.

https://cointelegraph.com/news/crypto-exchange-huobi-returns-to-profitability-in-q1-after-restructuring Open / Comment

2023-04-10 13:22:16 THE LATEST CRYPTO NEWS FROM CNS

OpenAI finds fresh support from Japan amid global country-wide bans

Japan has shown support for OpenAI amid a sea of bans by different countries and uncertainties for the artificial intelligence (AI) company.

Chief Cabinet Secretary Hirokazu Matsuno stated on Monday, April 10, that Japan would contemplate incorporating AI technology into government systems, such as OpenAI’s ChatGPT chatbot, provided privacy and cybersecurity issues are addressed.

Following an alleged data breach on March 20, Italy’s data protection watchdog temporarily blocked the chatbot on March 31 and directed OpenAI to immediately restrict data processing for Italian users while an investigation is ongoing.

https://cointelegraph.com/news/openai-finds-fresh-support-from-japan-amid-global-country-wide-bans


Bitget launches $100M Web3 fund for crypto projects in Asia

Crypto derivatives exchange Bitget launched a new fund focused on supporting the next generation of Web3 projects. According to a statement seen by Cointelegraph, $100 million will be invested in the fund as an initial investment.

Bitget says it will target funding Web3-friendly venture firms and projects worldwide. It will focus on Asian projects from experienced teams with clear roadmaps that are working on real-world problems.

“We can see that Web3 space is evolving rapidly and many projects deserve the support to further advance such development and make Web3 a truly global phenomenon, as Web2 had once become. That is why the Bitget Web3 Fund will strive to seek out projects that have the most impact on this process,” said Gracy Chen, managing director of Bitget.

https://cointelegraph.com/news/bitget-launches-100m-web3-fund-for-crypto-projects-in-asia


SushiSwap approval bug leads to $3.3M exploit

A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter.

Blockchain security companies CertiK Alert and Peckshield posted about an unusual activity related to the approval function in Sushi’s Router Processor 2 contract — a smart contract that aggregates trade liquidity from multiple sources and identifies the most favorable price for swapping coins. Within a few hours, the bug led to losses of $3.3 million.

https://cointelegraph.com/news/sushiswap-approval-bug-leads-to-3-3-million-exploit


‘Right time’ for Hong Kong’s Web3 push despite market flux

Now is the "right time" for Hong Kong to push forward with Web3, despite the crypto market fluctuations, according to the financial secretary of Hong Kong.

In an April 9 blog post, Paul Chan explained that one of the three major directions he has proposed in the city's budget was for the further development and application of Web3.

Translated, Chan wrote that for "Web3 to steadily take the road of innovative development" Hong Kong will "adopt a strategy that emphasizes both 'proper regulation' and 'promoting development.'"

https://cointelegraph.com/news/right-time-for-hong-kong-s-web3-push-despite-market-flux-financial-secretary Open / Comment

2023-04-07 13:25:00 THE LATEST CRYPTO NEWS FROM CNS

Int’l securities body IOSCO prepares crypto regulation report for 2023

The International Organization of Securities Commissions (IOSCO) will launch a consultation for its regulation report on crypto assets in Q2 2023. The final recommendations from the organization are planned to be published by the end of 2023.

The dates are scheduled in IOSCO’s work program for 2023–24. Two major workflows are dedicated to decentralized assets in IOSCO’s Fintech Task Force plan. The first covers crypto and digital assets, and the second covers decentralized finance (DeFi). The DeFi consultation will start in Q3 of 2023.

https://cointelegraph.com/news/int-l-securities-body-iosco-prepares-crypto-regulation-report-for-2023


CBDC will be used for ‘control'

A widely shared video of European Central Bank President Christine Lagarde admitting that a digital euro will be used in a “limited” way to control the payments that people can make was taken from a three-week-old prank video.

The video was highlighted by the breaking news account Watcher Guru on April 6 and generated a significant amount of social media chatter. In it, Lagarde cited a desire to not be reliant on an “unfriendly countries currency,” or a currency provided by a “private corporate entity like Facebook or like Google.” She said she is “personally convinced that we have to move ahead” with the digital euro.

https://cointelegraph.com/news/cbdc-will-be-used-for-control-ecb-president-admits-in-vid-chat-with-fake-zelensky


UK uses Love Island star to warn finfluencers on crypto and investment schemes

The financial and advertising regulators of the United Kingdom have teamed up to send a warning to social media “finfluencers” telling them to stop promoting illegal “get rich quick” schemes or face law enforcement.

The Financial Conduct Authority (FCA) and the Advertising Standards Authority (ACA) made reference to cryptocurrencies and nonfungible tokens in their April 6 statement, which laid out a seven-part checklist to ensure that finfluencers stay within the bounds of the law.

The checklist asks finfluencers to consider whether they’re the “right person” to be promoting the financial product and states that their followers may “lose all their money” from the investment.

https://cointelegraph.com/news/uk-uses-love-island-star-to-warn-finfluencers-on-crypto-and-investment-schemes


Ethereum ‘re-staking’ protocol EigenLayer launches on testnet

A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet.

The mainnet launch of the EigenLayer protocol is not expected until Q3, however, and testing will be phased in three stages to onboard various participants into the ecosystem. The first stage is using Ethereum’s Goerli testing network.

The project has some serious backing and announced $50 million in a Series A funding round in late March led by crypto venture firm Blockchain Capital, along with Coinbase Ventures, Polychain Capital, Electric Capital and Finality Capital Partner.

https://cointelegraph.com/news/ethereum-re-staking-protocol-eigenlayer-launches-on-testnet Open / Comment

2023-04-06 18:59:37

Open / Comment

2023-04-06 12:48:25 THE LATEST CRYPTO NEWS FROM CNS

Reddit deploys Gen 3 NFT avatar contracts on Polygon

Online discussion platform Reddit has deployed the third generation of its blockchain-based digital collectibles dubbed “Reddit Avatars” on the Polygon blockchain, resulting in community members and collectors expressing their thoughts on the much-anticipated drop. 

https://cointelegraph.com/news/reddit-deploys-gen-3-nft-avatar-contracts-on-polygon


Singapore to introduce uniform screening standards for crypto bank accounts

According to a Bloomberg report from April 6, the Monetary Authority of Singapore (MAS) has been working alongside the police forces to help local banks optimize their procedures for opening accounts of digital asset service providers. After half a year of cooperation, its results and conclusions for risk management and due diligence will be published in the next two months.
The potential guidelines will also cover the topics of stablecoins, nonfungible tokens (NFTs) and transferable gaming or streaming credits. At the same time, the banks will reserve the right to make decisions based on guidelines and their own risk assessment

https://cointelegraph.com/news/singapore-to-introduce-uniform-screening-standards-for-crypto-bank-accounts


Binance Australia Derivatives license canceled by securities regulator

The Australian Securities and Investments Commission (ASIC) has canceled the license of Binance Australia Derivatives after a targeted review of Binance’s operations in the country.

https://cointelegraph.com/news/binance-australia-derivatives-license-canceled-by-securities-regulator


Arbitrum poses new governance proposals after community furor

On April 5, Ethereum layer-2 solutions provider Arbitrum posted new Arbitrum Improvement Proposals (AIPs) for the governance of the network.
The new proposals include AIP-1.1, which covers a smart contract lockup schedule, spending, budget and transparency. The other, AIP-1.2, tackles amendments to current founding documents and lowers the proposal threshold from 5 million Arbitrum (ARB) tokens to 1 million ARB “to make governance more accessible.”
In an April 5 tweet, it confirmed the Arbitrum DAO came to a consensus against its first proposal, AIP-1.

https://cointelegraph.com/news/arbitrum-poses-new-governance-proposals-after-community-furor Open / Comment

2023-04-05 13:00:43 THE LATEST CRYPTO NEWS FROM CNS

US President Joe Biden urges tech firms to address risks of AI

United States President Joe Biden stated on Tuesday that the safety of artificial intelligence (AI) is still uncertain, and emphasized that technology firms should ensure their products are secure before releasing them to the public.

During a meeting with science and technology advisers, Biden acknowledged that AI could be beneficial in tackling issues such as disease and climate change. However, he stressed the significance of addressing possible risks to society, national security and the economy.

https://cointelegraph.com/news/us-president-joe-biden-urges-tech-firms-to-address-risks-of-ai


Swiss state-owned bank PostFinance to offer Bitcoin trading

PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer its customers cryptocurrency trading and storage services.

PostFinance has partnered with the local cryptocurrency bank Sygnum to offer its customers a range of regulated digital asset banking services, the firms announced on April 5.

https://cointelegraph.com/news/swiss-state-owned-bank-postfinance-to-offer-bitcoin-trading


Allbridge to first begin repaying stuck bridge users after recouping funds

Users with funds stuck on the multichain token bridge provided by Allbridge are first in line to receive compensation under a recovery plan posted by the project following a recent exploit.

In an April 5 statement, Allbridge said it has already started a compensation process for users despite only “partly recovering funds” after it was hacked for roughly $573,000 on April 1.

“We will start with the bridge users whose transactions got stuck in pending due to the emergency shutdown,” Allbridge said, adding it will then compensate its liquidity providers (LPs).

https://cointelegraph.com/news/allbridge-to-first-begin-repaying-stuck-bridge-users-after-recouping-funds


Masa announces soulbound ID tokens for Coinbase’s Base Network

Masa Finance’s soulbound tokens will soon be available on Coinbase’s Base network, according to an April 4 announcement from Masa Finance. The new tokens will allow users to link identifying and reputational characteristics to their wallet addresses, making credit underwriting possible on the blockchain, the company said.

https://cointelegraph.com/news/masa-announces-soulbound-id-tokens-for-coinbase-s-base-network


OpenSea launches advanced NFT marketplace aggregator

NFT marketplace OpenSea has unveiled OpenSea Pro, its new nonfungible token (NFT) marketplace aggregator aimed at serving the needs of professional users. OpenSea’s acquisition of NFT aggregator Gem in April 2022 enabled it to develop and refine Gem’s platform to create the new OpenSea Pro.

https://cointelegraph.com/news/opensea-launches-advanced-nft-marketplace-aggregator Open / Comment

2023-04-05 00:17:31 https://www.youtube.com/live/6BboC3eZ6ic?feature=share Open / Comment