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2022-11-27 20:35:49 People in the Netherlands protesting against the Euro CBDC

#Bitcoin is freedom money

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2022-11-27 18:06:04 Binance’s Zhao says industry is ‘healthier’ after a ‘nasty’ year

Binance CEO Chanpeng Zhao said the industry is in a "healthier" place after a "nasty" 2022, and he expects better things in 2023. He declined, however, to make any specific predictions. "The trick for us is to monitor the industry and then whatever is trending we try to support it," Zhao said. The CEO, who launched a recovery fund for troubled crypto companies in the wake of FTX's collapse, did not mince words when it came to his former competitor. Binance earlier today released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent. For bitcoin, Binance has provided a snapshot of account balances and the exchange's bitcoin reserves

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2022-11-27 15:30:41 Circle Warns About Scammers Baiting USDC Users

During the second quarter of the year alone, CertiK registered 290 phishing attacks, up 170% from 106 in the first quarter. Circle, the firm behind USDC stablecoin, issued a warning about an active phishing campaign attempting to lure users into transferring tokens to malicious addresses.

Circle CEO and founder Jeremy Allaire recently wrote to Congressional leaders for financial services, urging for clear, workable legislation on stablecoins in the United States while warning that failing to do so will attract more risks to the country. According to BleepingComputer, the scammer’s entities abused the Microsoft Azure Web Apps service to host a network of phishing sites.

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2022-11-26 18:42:32 Justin Sun, Tron DAO line up to contribute to Binance recovery fund: Exclusive

Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund. The application comes after seven crypto industry heavyweights were unveiled as its initial contributors yesterday. Binance published details of the fund yesterday after CEO Changpeng Zhao had earlier signaled a plan to launch it. Binance poured an initial $1 billion into the vehicle. Meanwhile, Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos and Brooker Group agreed to an initial aggregate commitment of around $50 million.

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2022-11-26 09:05:10 Exchange’s Proof of Reserves.

The CoinMarketCap service has launched a feature that allows you to get up-to-date financial information about exchanges.

The Proof of Reserves (PoR) tracker checks active exchanges for liquidity transparency.

Trackers will update the data every 5 minutes




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2022-11-26 05:46:45 EU blockchain infrastructure plan proceeds as parliament passes digital policy

The European Parliament passed a vote on the Digital Decade policy program, which will help businesses and public services digitalize their work and promises support for a “pan-European blockchain-based infrastructure.".The plenary meeting vote passed by 529 to 22 on Thursday. The policy file sets ambitions for the European Union to achieve digitization goals for 2030. It outlines large-scale, so-called “multi-country projects” to achieve the targets covering topics such as building common data infrastructure, beefing up on high-performance computing, rolling out 5G internet corridors and investing in blockchain and web3 solutions.

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2022-11-26 04:58:43 Jump Crypto, Polygon Ventures, GSR contribute to Binance's $1 billion recovery fund

Binance's industry recovery fund, to which it's already contributed $1 billion, has attracted some big names early on including Jump Crypto, Polygon Ventures and market maker GSR. Binance is looking to amass around $1 billion for its “industry recovery fund,”. The fund was announced last week to help mitigate the fallout stemming from FTX's collapse. Binance's initial commitment of 1 billion BUSD can be verified at the following address. The addresses of other participants will be available in the next week. Binance expects more participants to join soon, with over 150 applications already received. Public addresses must be shared for transparency.

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2022-11-25 10:02:28 Hodlnaut faces Singapore police investigation for alleged fraud

Crypto lending platform Hodlnaut is under police investigation in Singapore for alleged fraud and cheating three months after freezing client withdrawals and filing for protection from creditors. This may hinder the firm’s recovery from a series of legal and financial complications.

Hodlnaut and its leaders are suspected of making "false representations relating to the company’s exposure to a certain digital token," according to a police statement on Wednesday.  The beleaguered company has seen a series of liquidity crises and legal complications. Earlier in November, it turned out the Singapore-based crypto lender held assets worth $13.1 million.

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2022-11-25 09:42:36 Binance targets $1 billion for 'industry recovery fund'

Crypto exchange operator Binance is aiming to amass around $1 billion for its recently announced "industry recovery fund.". CEO Changpeng "CZ" Zhao discussed the plan on Bloomberg Television on Thursday, and a Binance spokesperson later confirmed it in a message to The Block. Binance will follow a "loose structure" for the fund where different industry players can contribute as they wish, Zhao said. Contributors will have to send funds to a blockchain address that the public can view, he added. A detailed blog post about the fund is expected to be published soon. The fund will target projects which are otherwise strong, but facing a liquidity crisis.

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2022-11-24 22:29:22 El Salvador lawmakers to consider regulation for issuing digital assets

El Salvador's Legislative Assembly is considering a long-awaited law aimed at regulating digital asset service providers and issuers in the country. according to a document seen by The Block and corroborated by a broadcast of a Nov. 22 plenary session. Digital asset service providers in El Salvador would have to complete a registration process and follow several rules under the proposed law. These entities would have to provide a list of digital assets they plan to offer, including their "benefits, restrictions and limits." They would also have to demonstrate cybersecurity precautions and customer service capabilities, as well as providing the names and titles of company employees.

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