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2023-02-22 14:58:50

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2023-02-22 14:18:46 THE LATEST CRYPTO NEWS FROM CNS

PayPal co-leads $20M seed funding for on-chain risk optimizer Chaos Labs

Payments giant PayPal and investment management firm Galaxy joined hands to raise $20 million in seed funding for Chaos Labs, a New York-based cloud platform for securing blockchains and protocols.

With an automated risk management platform, Chaos Labs protects crypto protocols against external exploits and risks. The platform does this by offering agent and scenario-based simulations, which helps secure protocols against economic vulnerabilities and market manipulation events.

https://cointelegraph.com/news/paypal-co-leads-20m-seed-funding-for-on-chain-risk-optimizer-chaos-labs


Proof of Stake Alliance publishes white papers on legal aspects of liquidity staking

The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives of over 10 industry groups.

Liquid staking is the practice on blockchains using a proof-of-stake consensus mechanism of issuing transferrable receipt tokens to show ownership of staked crypto assets or rewards accrued for staking. The tokens are often referred to as liquid staking derivatives, which is a term the POSA objected to as being inaccurate, recommending that they be called liquid staking tokens instead. Liquid staking has seen a surge of interest since the Ethereum Merge.

https://cointelegraph.com/news/proof-of-stake-alliance-publishes-white-papers-on-legal-aspects-of-liquidity-staking


Mastercard to allow crypto payments in Web3 via USDC settlements

A partnership between Web3 payment protocol Immersve and payments giant Mastercard will allow users to make crypto payments on digital, physical and the metaverse worlds. Once the transaction is successful from the user’s end, USD Coin tokens — a United States dollar-backed stablecoin issued by Circle — will get converted to fiat and be used to settle transactions on Mastercard’s network.

The Mastercard-Immersve partnership uses decentralized protocols to settle real-time cryptocurrency transactions on outlets accepting Mastercard payments online. Users will be able to use their existing Web3 wallets to make direct crypto payments without relying on a third party for collateral.

https://cointelegraph.com/news/mastercard-to-allow-crypto-payments-in-web3-via-usdc-settlements


Deutsche Bank completes trial of tokenized investment platform

According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof-of-concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per the report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator or through a built-in marketplace.

https://cointelegraph.com/news/deutsche-bank-completes-trial-of-tokenized-investment-platform Open / Comment

2023-02-22 00:14:53 https://kingsumo.com/g/doaf4r/weekly-altcoin-giveaway-1-winner-x-50-binance-usd-coins-busd-tokens-to-lovely-lucky-people Open / Comment

2023-02-22 00:14:21 https://www.youtube.com/live/JTPWkWhafWU?feature=share Open / Comment

2023-02-21 12:09:26 THE LATEST CRYPTO NEWS FROM CNS

Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes

Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong as the Chinese special administrative region considers new licensing and regulatory moves that would allow it to serve retail customers.

The new framework, which requires crypto exchanges to register with the Hong Kong Securities and Futures Commission (SFC), would allow the exchange to expand its services to the city. Huobi also plans to open a new exchange named Huobi Hong Kong that would concentrate on institutional and high-net-worth individuals, according to a Twitter thread by Justin Sun.

https://cointelegraph.com/news/huobi-crypto-exchange-aims-to-expand-to-hong-kong-amid-regulatory-changes


Many stablecoins fall short of coming regulatory recommendations, says FSB chair

Financial Stability Board (FSB) chair Klaas Knot has outlined how the organization plans to address key threats to financial stability this year in a Feb. 20 letter sent to the G20’s finance ministers and central bank governors. Crypto assets and decentralized finance (DeFi) had a prominent place on the list of challenges the FSB saw. The G20 ministers and bankers group is meeting Feb. 24–25 in Bengaluru, India.

The FSB has an “ambitious work programme” for finalizing a crypto asset regulatory framework in 2023, Knot said. The FSB is an advisory body created by the G20 and affiliated with the Bank of International Settlements (BIS). It has no enforcement powers.

https://cointelegraph.com/news/many-stablecoins-fall-short-of-coming-regulatory-recommendations-says-fsb-chair


BlockFi appeals to cancel bankruptcy status for SBF’s offshore investment vehicle

The consequences of the FTX scandal at the hands of its founder and former CEO, Sam “SBF” Bankman-Fried, continue to surface.

On Feb. 17, it was reported that bankrupt crypto lender BlockFi has appealed to the United States Bankruptcy Court in Wilmington, Delaware to strip the Chapter 11 bankruptcy protections from SBF’s offshore investment vehicle.

https://cointelegraph.com/news/blockfi-appeals-to-cancel-bankruptcy-status-for-sbf-s-offshore-investment-vehicle


Nifty News: PROOF cancels NFT conference, Bitcoin meme creator cashes in $150K and more

Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds, has confirmed that their flagship conference, “Proof of Conference,” scheduled for May, has been canceled, citing “less interest than anticipated.”

https://cointelegraph.com/news/nifty-news-proof-cancels-nft-conference-bitcoin-meme-creator-cashes-in-150k-and-more Open / Comment

2023-02-20 12:45:55

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2023-02-19 23:23:48 https://www.youtube.com/live/wz2vxCsjE6U?feature=share Open / Comment

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2023-02-17 21:44:39 US ‘Alarmed’ By Russia, China, SA Joint Naval Drills

Joint naval drills involving Russian, Chinese and South African forces have begun in the Indian Ocean off the coast of South Africa’s KwaZulu-Natal province. They will last until February 27.

Earlier, White House spokeswoman Karine Jean-Pierre said the US was "alarmed" by South Africa's plans to participate in the exercise.

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