Month: November 2022
Deribit crypto exchange halts withdrawals amid $28M hot wallet hack
Crypto exchange Deribit halted withdrawals following a hot wallet hack where hackers got away with $28 million in stolen funds.
Crypto Exchange Deribit Loses $28M in Hot Wallet Hack
Cryptocurrency options and futures exchange Deribit has been hacked, with $28 million being drained from its hot wallet.
Judge orders probe to investigate whether Celsius was a Ponzi
The Federal judge overseeing the Celsius case has asked for an investigation to look into whether the firm acted like a Ponzi scheme and has asked for additional details before approving a $3 million bonus scheme.
Microsoft backs web3 game developer Wemade
Microsoft has backed Wemade, a popular video game developer that has made aggressive bets on blockchain in recent years, the latest sign of tech giants’ showing growing interest in web3. South Korea’s Wemade said in a press release that it has raised $46 million in a funding round from Microsoft, Shinhan Asset Management and Kiwoom … Read more
Stablecoin issuers Circle and Paxos gain approvals in Singapore
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers.
Crypto Trading Platform Talos Taps Amber Group for Liquidity Amid Increased Buying Demand
Amber Group will join Talos’s extensive partner network of over 40 liquidity venues, such as exchanges Binance, Coinbase and FTX.
Nifty News: NFT marketplace says no to opt-in royalties, Visa jumps on World Cup NFTs and more
A new NFT marketplace is giving a hard pass to optional royalties, bucking the trend, and NFTs are getting a new home on Ripple’s XRPL.
Singapore Carries Out First Trades in DeFi Pilot for Wholesale Funding Market
The banks involved in the pilot were DBS, JPMorgan, and SBI Digital Asset.
Rogue Actor Disrupts Lightning Network With a Single Transaction
The individual exploited a Bitcoin consensus bug that had a downstream effect on certain Lightning nodes.
Record hash rates may see Big Oil become a major BTC mining player
Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies.
Niches are overrated
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MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earnings
The world’s largest corporate holder of Bitcoin has reduced its losses compared to previous earnings as its CEO says it will continue to buy and hold Bitcoin long term.
Singapore’s DBS Explains How Big Banks Can Implement DeFi, Too
Singapore has quietly been playing host to some of the most advanced explorations into cryptocurrency and decentralized finance (DeFi) ever done by big banks, institutions and regulators.
Singapore bank DBS uses DeFi to trade FX and state securities
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore.
One of Canada’s biggest climate-tech backers pulls back
A prolific investor in climate-tech companies in Canada is back with a second fund for “low-carbon technologies” — only this time the firm plans to pump less money into the scene, over a longer period of time. The Business Development Bank of Canada (BDC) came out with a new, $400 million climate-tech fund on Wednesday, … Read more
BTC miner CleanSpark scoops up thousands of miners amid ‘distressed markets’
CleanSpark bought over 3,800 mining machines at $15.50 per terahash – far below the current market price of $22.94 and an 85.4% discount from the all-time high costs of $106.62 in Dec. 2021.
Singapore Grants Stablecoin Issuer Circle In-Principle License to Offer Payment Products
Circle received an in-principle license as a major payments institution in Singapore, allowing it to offer cross-border and domestic payment services.
Blackbird’s latest $1B AUD fund signals maturation of Australian, New Zealand venture scene
The Australian and New Zealand startup community will see a boost in funding this year. Blackbird, a VC fund based in the two south Pacific countries, on Wednesday closed a fund at over AUD $1 billion, which is about USD $640 million, which the firm says is Australia’s largest fund to date. This is Blackbird’s … Read more