Editor's Choice
Crypto.com will donate $1 million to assist the firefighters and rescuers of Los Angeles in dealing with the aftermath of the wildfires in California and ensuring safety in the future 🔥
Crypto.com has announced a $1 million donation to help those affected by the wildfires in California. The funds will be directed to the Los Angeles Fire Department Foundation, the California Fire Fund, and the Los Angeles Police Foundation to provide firefighters and rescuers with necessary equipment and training for future disasters. The company emphasized its connection to Los Angeles, where the Crypto.com Arena is located, and expressed support for all those affected by the tragedy.
Coinbase launches Bitcoin-collateralized loans in the US: users will be able to borrow up to $100,000 in USDC, using Bitcoin as collateral through the Ethereum Base network with flexible terms and no fees 🔗
Coinbase is once again launching a Bitcoin-collateralized lending program in the US. Users, except for those in New York, will be able to take loans up to $100,000 in USDC, using their Bitcoin assets as collateral. By partnering with the Morpho Labs protocol, the exchange will provide loans through the Ethereum Layer 2 network, Base. The new product emphasizes Coinbase's commitment to economic freedom, offering competitive rates and flexible terms with no fees or credit checks.
Tether introduces the new stablecoin USDT0 on the Layer 2 blockchain Kraken Ink, improving compatibility and liquidity of USDT across blockchains using the LayerZero standard 🌐
Tether launches a new stablecoin USDT0 on the Layer 2 blockchain Kraken, Ink, to improve compatibility and expand the capabilities of USDT across different blockchains. USDT0 uses the LayerZero standard to simplify cross-chain transfers and liquidity without using traditional bridges. USDT tokens on Ethereum will be locked, while similar USDT0 tokens will be issued on other chains, which can be exchanged back at a 1:1 ratio. Future integration with Berachain and MegaETH is planned.
Upbit risks facing sanctions in South Korea due to 700,000 KYC and AML violations: potential suspension of new user registrations and investigation of international transactions ⚖️
Upbit may face sanctions in South Korea for violating KYC and AML requirements. 700,000 cases have been discovered where the platform failed to follow client identification procedures, which could lead to a suspension of new user registrations. In addition, Upbit is suspected of violating anti-money laundering laws due to unaccounted transactions with foreign cryptocurrency platforms. If sanctions come into effect, the platform’s user growth will be limited.
The bill in Arkansas limits cryptocurrency mining within a 30-mile radius of military installations, including bases, hospitals, and arsenals, with an exemption for facilities built before December 31 📅
Boerse Stuttgart increased its cryptocurrency trading to 25 percent of its total revenue, managing assets worth 4.3 billion euros and serving over a million customers on the platform 👥
Thailand is considering allowing the listing of Bitcoin ETFs on local exchanges, which will provide access to cryptocurrency investments for both private and institutional investors 📈
The SEC has postponed its decision on Bitwise's application to convert its crypto index fund into an ETF until March 3, while Osprey Funds terminated the deal with Bitwise and plans to convert OBTC into an ETF 📅
VanEck has filed an application with the SEC to launch the "Onchain Economy" ETF, which invests 80 percent of assets in digital transformation companies and digital assets through futures contracts 📊
A 17-story Cryptocurrency Tower will begin construction in Dubai with offices for blockchain companies, incubators, AI zones, and smart contracts, to be completed by 2027 🤖
BitMEX fined $100 million for violating the U.S. Bank Secrecy Act, the company received two years of probation after pleading guilty ⚖️
Oklahoma will pass the HB1203 bill allowing investments in Bitcoin through state savings and pension funds to protect against inflation and strengthen financial stability 💰
Tether has sued Swan Bitcoin for breach of terms in a joint Bitcoin mining project agreement, accusing the company of a hostile takeover and leaking confidential information ⚖️
Tether has sued Swan Bitcoin for breach of terms in a joint Bitcoin mining project agreement. The companies accuse each other of violations, including theft of confidential information and hostile takeover. Tether claims it acted in accordance with the contract, while Swan accuses the company of supporting a competitor, Proton Management, which led to the removal of Swan's CEO and the loss of control over the project.
Uniswap and Ledger integrate an API for Ethereum token swaps via Ledger Live with a transparent signing feature, eliminating risks and ensuring asset control 🎉
Uniswap and Ledger announced a partnership that will integrate Uniswap's API with the Ledger Live app. Users will be able to securely swap tokens directly through the Ledger hardware wallet, retaining full control over their assets. The new transparent signing feature makes transactions fully readable and eliminates the risk of "blind signing." At the initial stage, the integration supports Ethereum, with a primary focus on simplifying and enhancing the security of DeFi operations.
The legal battle between Ripple and the SEC: refusal to extend deadlines, Gensler's replacement with Atkins, and hopes for more favorable crypto regulation 📊
The legal confrontation between Ripple and the SEC intensifies. The SEC refused to extend the deadline for submitting its briefing to January 16, despite the company's request. Ripple's chief legal officer, Stuart Alderoty, expressed confidence in success and noted that the team is looking forward to working with the new leadership. On January 20, SEC Chairman Gary Gensler will be replaced by Paul Atkins, an advocate of a more balanced approach to crypto regulation. Ripple expects a fair decision in the appeals process.
Intesa Sanpaolo conducted a test transaction with Bitcoin, buying 11 BTC for 1 million euros to prepare for client demands while warning about the risks of cryptocurrency investments 💶
The bank Intesa Sanpaolo conducted a test transaction with Bitcoin, purchasing 11 coins for 1 million euros. As stated by CEO Carlo Messina, this operation was purely experimental to prepare for potential client demands. The bank plans to strictly limit investments in cryptocurrency and requires investors to understand the risks. Messina also warned private investors against investing in digital assets, emphasizing their high volatility.
Best news of the last 10 days
Adebayo Ogunlesi joined OpenAI's Board of Directors amid the company's transformation into a public organization with social commitments worth $157 billion 💡
The SEC has filed a lawsuit against Elon Musk for failing to timely disclose his purchase of more than 5 percent of Twitter shares, which allowed him to save at least $150 million 💰
MoonPay acquires Helio for $175 million to expand crypto payment solutions supporting USDC, SOL, BTC, and ETH, with over $1.5 billion in processed transactions 🚀
The Bank of England launches a test sandbox for the digital pound of the central bank digital currency project, which will begin operating in 2025 to improve payment systems 💰
A critical vulnerability in the Uniswap Web3 wallet allows attackers to bypass authentication and obtain the mnemonic phrase, threatening the security of users’ funds 🔐
ScaleBit reported a critical vulnerability in the Uniswap Web3 wallet that allows attackers with physical access to the device to bypass authentication and obtain the wallet’s mnemonic phrase. This phrase gives full control over assets. The vulnerability exists even in the latest version of the app. Users are advised not to hand over their devices to others until a patch is released and to use additional security measures such as biometrics and hardware wallets for large sums.
Robinhood has agreed to a settlement with the SEC for $45 million over violations in data protection, investigation of suspicious transactions, and cybersecurity vulnerabilities from 2020 to 2022 🔐
Robinhood has agreed to a settlement with the SEC for $45 million over violations of securities laws. The company failed to conduct timely investigations into suspicious transactions and did not provide adequate protection for clients' personal data. Additionally, in 2021, a vulnerability was discovered that compromised user data. Robinhood Securities will pay a fine of $33.5 million, and Robinhood Financial will pay $11.5 million. Both companies have admitted guilt and have committed to conducting internal audits.
The Attorney General of New York has filed a lawsuit to freeze 2.2 million dollars in cryptocurrency stolen by scammers who deceived the state's residents through fake remote job vacancies 💼
The Attorney General of New York, Letitia James, has filed a lawsuit to freeze 2.2 million dollars in cryptocurrency stolen by scammers who deceived people by offering fake remote job vacancies. Victims were promised income for "product reviews," but in reality, they transferred money to fake crypto accounts. When victims tried to withdraw funds, they were told about fictitious fees. James is seeking to return the stolen money and hold the scammers accountable.
Sony launches the Soneium blockchain platform based on Optimism and Ethereum: simplifying access to Web3 for users in gaming, finance, and entertainment with testing on 14 million wallets 🎮
Sony launches the Soneium blockchain platform, built on Optimism and Ethereum technology. The second-layer platform is focused on gaming, finance, and entertainment, simplifying the transition from Web2 to Web3. The main goal is to enhance the interaction between content creators, fans, and communities. The platform's testing with 14 million users confirmed its success. The development was carried out in collaboration with Startale Labs, and the platform is aimed at expanding Web3 capabilities for a wide audience.