Crypto scammers abuse ‘lax’ UK company laws to fool victims: Report
A report suggests companies are able to register in the U.K. very easily which makes them appear more credible to potential scam victims.
Crypto
First Mover Asia: Lido DAO Governance Token Down, Staked Ether Stable, as Withdrawal Proposal Comes Into Focus; Bitcoin Rises as Fed Rate Decision Nears
While the DAO has yet to formally see the proposal to allow withdrawals from stETH, Galaxy Digital has already been critical, and the Lido governance token has fallen about 15% from its high last week week.
Founder of $7.5M ‘brazen fraud scheme’ to see 8 years behind bars
Randall Crater will pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release.
Tesla Details $140 Million Bitcoin Loss in SEC Filing
The electric car company saw its Bitcoin losses double since 2021.
Toyota to Experiment With Blockchain Use Cases by Sponsoring Astar Network’s Hackathon
The auto giant may use technology developed from the hackathon for its internal use.
ImmutableX to Launch All-In-One Passport System to Onboard New Gamers Into Web3
The new tool, scheduled to launch in April 2023, will act as a non-custodial wallet, gamer profile and authentication solution for Web3 gamers.
Crypto Market January Roundup: Aptos, Metaverse-Affiliated Tokens Lead Broad-Based Rally
Layer 1 blockchain Aptos’ native token has surged over 387% this month, leading all cryptocurrencies for gains and dwarfing bitcoin and ether’s performance. Solana’s SOL token also rises.
Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem
Positive signs of Bitcoin’s recovery can be seen in on-chain, spot exchange and futures data.
UK Finance Ministry to Propose Broad Rules for Crypto, Invites Industry Feedback
The Treasury also gave crypto companies a time limited exemption to approve their own crypto promotions until more regulation comes.
First Exchange-Traded NFT Fund Shuts Down
The Defiance Digital Revolution ETF will cease activity by the end of February.
Crypto Markets Today: Fed Preview, Bitcoin Holds Steady at $22.9K
Also: Metaverse tokens surged in January. Equities close higher.
Ethereum Developers to Launch New Testnet ‘Zhejiang’ for Simulating ETH Withdrawals
Users will be able to get a sense of how staked ETH withdrawals will work from a testnet due to go fully live on Feb. 7.
Social token platform Rally announces shutdown of sidechain
Rally cited a “challenging year” for the crypto industry in its decision to “begin to sunset” the platform’s sidechain after Jan. 31.
Court permits Core Scientific to borrow $70M to replace existing loan
Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11.
Ethereum Set to Trial Staking Withdrawals on Shanghai Testnet
A dress rehearsal for the network’s highly anticipated upgrade will allow staking firms and crypto exchanges to test users’ ability to withdraw staked ETH.
Crypto Bank Silvergate Shares Move Higher After BlackRock Boosts Stake
The troubled crypto bank gained nearly 10% in Tuesday’s session.
Social Token Project Rally Shuts Ethereum Sidechain, Stranding Users’ Crypto Assets
Rally blamed its sidechain’s demise on macro forces.
Wormhole wins second ‘temp check’ to become bridge for Uniswap governance
Wormhole got over 60% of the vote in the Uniswap DAO referendum, with LayerZero coming in second.
Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program
According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations.
Blur Reportedly Finds Loophole in OpenSea’s Blocklist as Marketplace War Escalates
The apparent workaround allows the zero-fee marketplace to list collections that have previously been blocklisted by OpenSea, following months of debates around enforcing creator royalties.
Bitcoin mining advocate is going state-to-state to educate US lawmakers
The legislatures in Mississippi and Missouri have separately introduced bills aimed at protecting certain activities of Bitcoin miners following visits from the Satoshi Action Fund.
Celsius Was Using QuickBooks for Its Accounting—Just Like FTX
The crypto lender tapped software to keep track of its finances primarily used by smaller businesses.
Social Token Platform Rally Shutting Down
The social NFT firm is sunsetting its Ethereum sidechain, citing market headwinds.
Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius
The court-appointed examiner found many intentional and unintentional shortcomings at the bankrupt crypto lender dating back to its founding.
Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?
Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers?
Wormhole Wins Vote to Be Uniswap’s Designated Bridge to BNB Chain
Uniswap aims to deploy its V3 decentralized exchange on BNB Chain before its business source license expires on April 1. LayerZero, a target of recent criticism for under-publicized security risks, finished second in the voting.
LayerZero bridging protocol denies accusation of ‘critical vulnerabilities’
LayerZero is the protocol used by Stargate bridge, which has over $382 million locked in its smart contracts.
Here’s Why Floki Isn’t Actually Going to Burn $100M Worth of Tokens
Did the Floki DAO really vote to destroy almost 5 trillion FLOKI tokens? Yes. Are those tokens worth $100 million? Well, it’s complicated.
5 altcoins that produced double-digit gains as Bitcoin price rallied in January
Bitcoin’s strong monthly performance translated to outsized gains in APT, GALA, T, MANA and SOL, making them the top performing altcoins in January.
Opinion: Have Brazil’s Lula and Argentina’s Fernandez heard of cryptocurrency?
Brazil’s Luiz Inácio Lula da Silva and Argentina’s Alberto Fernández want to create a “common currency.” It sounds suspiciously like a state-controlled cryptocurrency.