THE LATEST CRYPTO NEWS FROM CNS South Korea to examine cr | Crypto Never Sleeps Broad
THE LATEST CRYPTO NEWS FROM CNS
South Korea to examine crypto staking services following the Kraken case
As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists:
The fears of the crypto community about the possible repercussions of the recent court deal between the United States Securities and Exchange Commission (SEC) and Kraken are starting to materialize. Following their American counterparts, South Korean regulators intend to examine the crypto-staking operators in the country.
https://cointelegraph.com/news/south-korea-to-examine-crypto-staking-services-following-the-kraken-case
Ethereum supply plunges 37% on crypto exchanges post the Merge upgrade
Ethereum supply plunges 37% on crypto exchanges post the Merge upgrade, the second-largest cryptocurrency by market capitalization, has seen a constant decline in exchange supply over the past six months post-Merge. The Ethereum network underwent a major upgrade in September 2022, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) network in an event called the Merge.
According to on-chain data shared by crypto analytics firm Santiment, the amount of available ETH sitting on exchanges continues to fall. Since the Merge, there is 37% less ETH on exchanges. A constant decline in supply on exchanges is considered a bullish sign, as there is less ETH available to trade or sell.
https://cointelegraph.com/news/ethereum-supply-plunges-37-on-crypto-exchange-post-the-merge-upgrade
Crypto mixer Blender has been rebranded to Sinbad, says Elliptic
Blender, the cryptocurrency mixer sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control in May, was “highly likely” relaunched as Sinbad, according to risk management firm Elliptic.
In a Feb. 13 report, Elliptic said its analysis of Sinbad indicated that the crypto mixer was likely a rebrand of Blender as well as having “the same individual or group responsible for it.” According to the firm, Sinbad was behind the laundering of roughly $100 million in Bitcoin
BTC for North Korea’s hacking group Lazarus.
https://cointelegraph.com/news/crypto-mixer-blender-has-been-rebranded-to-sinbad-says-ellipticPolygon sets late March launch date for its zkEVM mainnet beta
The long-awaited scaling upgrade from Ethereum layer-2 solution provider Polygon has been announced, with the beta launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet slated for March 27.
In a Feb. 14 blog post, Polygon said that after three and a half months of “battle testing,” the system will be ready for the mainnet launch next month.
https://cointelegraph.com/news/polygon-tables-late-march-launch-date-for-its-zkevm-mainnet-beta
Siemens issues $64M digital bond on a public blockchain
German engineering and technology giant Siemens has become one of the first companies in Germany to issue a digital bond on a public blockchain. It’s worth 60 million euros ($64 million) and has a maturity of one year, in accordance with Germany’s Electronic Securities Act.
According to the Feb. 14 announcement, the bond was sold directly to investors such as DekaBank, DZ Bank, and Union Investment, without the need for central clearing and paper-based global certificates. Siemens noted that the process enabled transactions to be executed much faster and more efficiently than traditional bond-issuing methods.
https://cointelegraph.com/news/siemens-issues-60m-digital-bond-on-a-public-blockchain
