2023-01-26 12:45:38
THE LATEST CRYPTO NEWS FROM CNS
'Blockchain Bandit' reawakens: $90M in stolen crypto seen shifting
A hacker dubbed the “Blockchain Bandit” has finally woken from a six-year slumber and has started to move their ill-gotten gains.
According to Chainalysis, around $90 million in crypto pilfered from the attacker’s long-running string of “programmatic theft” since 2016 has started moving over the past week.
This included 51,000 Ether and 470 Bitcoin— worth a total of around $90 million — leaving the bandit’s address for a new one.
https://cointelegraph.com/news/blockchain-bandit-reawakens-90m-in-stolen-crypto-seen-shifting
Ireland’s central bank governor calls for ban on crypto ads targeting young adults
Gabriel Makhlouf, the governor of the Central Bank of Ireland, reportedly supports legislation that would ban advertising crypto projects to young people.
According to a Jan. 25 report from Bloomberg, Makhlouf said before the Committee on Finance, Public Expenditure and Reform, that there was an “uncomfortable” level of crypto advertisements targeting young adults. The central bank governor reportedly referred to many cryptocurrencies as “unbacked” assets and suggested lawmakers “find a way” of banning related ads.
Makhlouf cited the implementation of the European Union’s Markets in Crypto Assets, or MiCA, framework as one of the central bank’s milestones for 2023. EU policymakers have pushed back a final vote on the crypto framework to April.
https://cointelegraph.com/news/ireland-s-central-bank-governor-calls-for-ban-on-crypto-ads-targeting-young-adults-report
DCG companies have laid off over 500 employees as contagion spreads
Hundreds of people have lost their jobs at companies owned by crypto venture capital firm Digital Currency Group (DCG), as the long crypto winter, made colder by the FTX collapse, continues to affect the sector.
Amid the recent layoffs, London-based cryptocurrency exchange Luno announced on Jan. 25 a reduction of 35% in its workforce, letting go of nearly 330 professionals as a result of turbulence in the tech and crypto industries, which affected the firm’s overall growth and revenue numbers.
https://cointelegraph.com/news/dcg-companies-laid-off-over-500-employees-as-contagion-spreads
UK Bitcoin community reacts to incoming CBDC and digital pound rollout
The U.K. government’s economic and finance ministry, His Majesty’s Treasury, is recruiting for a head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as “important, complex, and cross-cutting” and will “require extensive engagement across and beyond the HM Treasury.”
According to the LinkedIn post, the Treasury and the Bank of England are working together through the CBDC Taskforce to explore the case for a digital pound. The role of the head of CBDC may bring the United Kingdom’s government closer to its aim of rolling out a CBDC.
https://cointelegraph.com/news/uk-bitcoin-community-reacts-to-incoming-cbdc-and-digital-pound-rollout
Smart contracts to power day-to-day Web3 company operations
Web3 firm MetisDAO Foundation launched Koris, a smart contract-based platform that allows decentralized autonomous organizations (DAOs) to operate and manage communities through an end-to-end operational infrastructure.
In an announcement sent to Cointelegraph, the company said that Koris aims to turn DAOs into DACs, or “decentralized autonomous companies,” by providing an operating system comprising various governance and management tools.
The team believes that while DAO platforms have collective decision-making and operational functions, they can be taken further by providing tools to help grow Web3 businesses.
https://cointelegraph.com/news/smart-contracts-to-power-day-to-day-web3-company-operations
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