Editor's Choice
Solana (SOL) loses $160,000 due to a vulnerability in the Web3.js library, developers are urged to update to version 1.95.8, SOL price drops by 1.3% after the attack 📉
Solana (SOL) suffered from an attack on the Web3.js library, resulting in the theft of $160,000 from dApps. Developers have been advised to update the library to version 1.95.8 to prevent further hacks. The attack affected only projects that updated between 15:20 and 20:25 UTC on December 3. The price of SOL decreased by 1.3%, but over the year, the asset has increased by 289.58%, reaching a market capitalization of $112 billion.
The Philippine central bank has completed the trials of the wholesale central bank digital currency Project Agila for 24/7 interbank transfers using distributed ledger technology 💰🔗
The Philippine central bank has completed the trials of the wholesale central bank digital currency (CBDC) concept, Project Agila, designed for 24/7 transfers between financial institutions. Using distributed ledger technology on the Oracle platform, the system will enable transfers at any time, including weekends and holidays. The project aims to improve interbank payments, enhance liquidity, and reduce settlement risks. The results of the trials will be used to develop the future CBDC strategy in the country.
Operation "Destabilization": NCA uncovered Smart and TGR networks, seized over 20 million pounds, and arrested 84 people for money laundering 🌍
Operation "Destabilization" exposed Russian networks Smart and TGR laundering money for international criminal organizations, including the Khinakhans clan. The USA imposed sanctions on leaders and companies associated with TGR. The NCA seized over 20 million pounds, arresting 84 people. The networks used cryptocurrency to circumvent sanctions, fund espionage, and engage in drug trafficking.
Thomson Computing introduced the world's first Web3 laptop with cold storage for cryptocurrencies and data protection via the MPC protocol 🚀
French Metavasio (Thomson Computing) introduced the world's first Web3 laptop with built-in cold storage for cryptocurrencies and support for decentralized applications. The device uses the MPC protocol for enhanced security, developed in partnership with io.finnet. The integrated wallet and token ecosystem encourage users to engage in Web3 activities.
In Moscow, the organizers of a crypto-terminal fraud were detained: 150 victims, over 2.5 million rubles stolen, funds sent to Ukraine 🚔
Dtcpay will transition to supporting only stablecoins by 2025, abandoning Bitcoin and Ethereum, amid a 100 percent increase in stablecoin operations 💳
Bitget launched the "BitEXC" platform in Vietnam: P2P trading, local payments, a $300 million protection fund, and 21.2 percent of cryptocurrency holders 🚀
Stanislav Moiseyev, founder of Hydra, received a life sentence and a fine of 4 million rubles for drug trafficking and organizing a criminal group ⚖️
Virgin Voyages launches the "Annual Pass" program starting in 2025, offering unlimited cruises for $120,000 with payment in Bitcoin and additional services 🚢
Alex Mashinsky, the founder of Celsius Network, pleads guilty to two out of seven fraud charges and Cel token manipulations, earning $42 million 💼
PancakeSwap launches the SpringBoard platform for no-code token creation on BNB Chain with automatic liquidity connection and zero launch fees, December 4, 2024 🚀
France introduces new taxes on Bitcoin and other cryptocurrencies: 30 percent tax rate, progressive scale, and mandatory declaration of accounts abroad 💰
WisdomTree filed for a spot ETF with XRP, which has a market capitalization of over $135 billion, joining Bitwise, 21Shares, and Canary Capital 💼
WisdomTree filed with the SEC to launch a spot ETF with XRP, joining Bitwise, 21Shares, and Canary Capital. This comes amid strong growth for XRP, which recently surpassed Tether to become the third-largest cryptocurrency by market capitalization with over $135 billion. The price of XRP has risen by 68% in a week, reaching $2.42. The filing coincides with potential changes in U.S. policy following Donald Trump's victory, which could accelerate the ETF approval process.
Coinbase terminates cooperation with law firms linked to former SEC employees, accusing them of attempting to unlawfully destroy the crypto industry ⚖️
Coinbase terminates cooperation with law firms linked to former SEC employees, who, according to the company's CEO Brian Armstrong, sought to "destroy" the crypto industry. Special attention is given to the firm Milbank, which hired former SEC enforcement head Gurbir Grewal. Armstrong views such actions as an ethical violation and urges the crypto community to act similarly.
Cambodia blocks 16 cryptocurrency exchanges, including Binance and Coinbase, due to the lack of licenses, despite high cryptocurrency usage levels in the country 🔒
Cambodia has blocked access to 16 cryptocurrency exchanges, including Binance and Coinbase, due to the lack of licenses from the country's Securities Regulator. The measures were taken to strengthen control over the cryptocurrency market, but mobile apps remain accessible. Despite the restrictions, Cambodia maintains high rankings in terms of cryptocurrency usage per capita, with centralized exchanges accounting for 70% of all transactions. The country has also drawn attention due to the use of cryptocurrencies for criminal activities.
DMM Bitcoin is closing after a fraud incident of 48.2 billion yen ($321 million) affecting 450,000 accounts. Asset transfer to SBI VC Trade by March 2025 💸
Japanese cryptocurrency exchange DMM Bitcoin is closing after a fraud incident in May 2024, resulting in losses of 48.2 billion yen ($321 million). The incident affected 450,000 clients, and the total damage amounted to 96.2 billion yen. The exchange will transfer assets to the subsidiary SBI VC Trade by March 2025. Despite efforts to restore operations, security issues and loss of trust led to the closure of the exchange.
Best news of the last 10 days
Abdulla Al Daheri announced the strategic partnership of the Abu Dhabi Blockchain Center with the University of Waterloo to advance research, education, and innovation in blockchain 🚀
Coinbase has added Apple Pay to Coinbase Onramp for easy and fast fiat-to-crypto purchases, providing access to popular payment methods for 60 million users in the US 🔄
Microsoft has added Ripple and Ethereum to Azure Blockchain to enhance development tools and accelerate cross-border payment research 🌐
DomTheTroll accidentally burned $150,000 worth of tokens during a live broadcast, shocking viewers with an irrecoverable transaction mistake! 🔥
SEC accused Touzi Capital and its leader of deceiving 1,200+ investors, raising $100M, and providing false data about investment profitability ⚖️
The Securities and Exchange Commission (SEC) has accused Touzi Capital and its manager Eng Tain of defrauding more than 1,200 investors, raising over $100 million in unregistered securities. Funds were commingled between various businesses, some were misappropriated personally, and investors were misled about the profitability and stability of their investments. The SEC seeks penalties, restitution, and a ban on executive positions.
Elon Musk has filed a lawsuit against OpenAI, accusing it of antitrust violations and blocking funding for competitors, including his company xAI 🚨
Elon Musk has filed a lawsuit against OpenAI to stop its transition to a commercial model. He accuses the company and its partners, including Microsoft, of antitrust violations and pressuring investors to prevent support for competitors like his xAI. Musk claims that the transformation violates OpenAI's original mission to democratize AI and contributes to the monopolization of the industry.
The Federal High Court of Abuja unblocked 6 bank accounts totaling 89,484,694.01 NGN after EFCC confirmed the absence of illegal activity 🏛️
The Federal High Court of Abuja lifted the freeze on six bank accounts totaling 89,484,694.01 NGN. These accounts were previously frozen at the request of the EFCC due to cryptocurrency transactions allegedly harming Nigeria’s economy. In a statement issued on November 25, 2024, the EFCC confirmed that the funds were not linked to illegal activities, which led to the removal of the restriction.
Binance CEO Changpeng Zhao ruled out returning to the CEO position but expressed willingness to accept a presidential pardon to resolve legal issues ⚖️
Binance CEO Changpeng Zhao (CZ) stated that he has no plans to return to the CEO position but is open to a presidential pardon. This statement came after a proposal by John Lilic from Telos Foundation to urge Donald Trump to pardon CZ. Zhao noted that a pardon would help resolve legal issues, but he no longer plans to lead Binance.