A trader managed to exploit the brief opening of the Multichain cross-chain bridge, which was frozen since its exploit in July 2023, allowing the trader to turn $280,000 worth of Fantom’s (FTM) tokens into $1.9 million worth of different assets. Continue Reading on Cointelegraph More
The deal was made with “two unaffiliated third parties” for Bitmain Antminer S19j Pro units in exchange for 276,572 shares of ordinary company stock valued at $968,800, according to a statement. BTC Digital was known as Meten EdtechX Education Group until a name change in August that “better reflects the Company’s current business operations.” Continue Reading on Cointelegraph More
Linch commended the UK’s swift implementation of these rules, highlighting their importance in providing clarity, safeguarding consumers, and promoting institutional investment. Under these proposals, firms that interact with UK retail consumers are required to obtain authorization from the Financial Conduct Authority (FCA), regardless of their geographical location.The new proposals also encompass new standards for crypto advertising, adherence to the Financial Action Task Force’s Travel Rule, stringent criteria for crypto exchanges admission, and mandatory disclosures for new asset listings. Notably absent from these regulations, however, are provisions concerning Decentralized Finance (DeFi).These measures contrast with Dubai’s VARA Regulations and the European Union’s MiCA but align with Prime Minister Rishi Sunak’s ambition to build a Web3 hub in the UK. This integrated approach also signifies the government’s agreement with Bittrex Global’s stance that crypto is an essential part of the financial sector and encourages corporations to establish operations in the UK.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The DTCC added BTCO to its list after October 25, according to Wayback Machine records. However, this does not guarantee SEC approval due to concerns over market manipulation and investor protection. These concerns have previously led to rejections of similar applications from firms such as BlackRock (NYSE:BLK), Grayscale, Bitwise, and Valkyrie.Despite these hurdles, Invesco Galaxy’s Bitcoin ETF meets DTCC’s technical and operational standards. This indicates readiness for potential increased institutional investment in Bitcoin if it gains SEC approval. The yMedia founder and Ethereum maximalist, Shashank, is closely observing these developments.Institutions like BlackRock, Fidelity Investments, and ARK Invest are also considering similar ventures. This interest has contributed to a surge in filings for Bitcoin ETFs. Notably, during “Uptober”, Bitcoin’s value hit $34,656 after DTCC listed BlackRock’s ETF. This mirrors its earlier rise past $30,000 following the news of BlackRock’s filing.A report from JPMorgan anticipates possible SEC approval of a spot Bitcoin ETF before Ark 21Shares applications’ January 10, 2024 deadline. This speculation comes even though the SEC had earlier rejected Invesco’s application citing market manipulation and investor protection concerns. Interestingly, these developments have not influenced Bitcoin’s value significantly.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The macOS malware “KandyKorn” is a stealthy backdoor capable of data retrieval, directory listing, file upload/download, secure deletion, process termination and command execution, according to an analysis by Elastic (NYSE:ESTC) Security Labs. Continue Reading on Cointelegraph More
Behind this surge lies a whirlwind of network and development activity. Ethereum’s ecosystem, known for its flexibility and adaptability, is currently brimming with developers and innovators. The 30% uptick in trading fees is not just a random fluctuation; it’s a direct reflection of the intensifying work being done on the Ethereum platform.Interestingly, the state of the network mirrors a pattern often seen in the crypto world. Historically, periods of retracement and correction on the cryptocurrency market have been accompanied by spikes in developmental activity. This phenomenon is straightforward to understand: when the market takes a step back, it often presents an opportune moment for developers to dive in. It is akin to building the foundation of a house during calm weather, ensuring that it stands firm during a storm.These moments of market calm, paradoxically, are buzzing with innovation. Developers and are aware that launching projects during these times can be strategically advantageous. With the market in a lull, newer assets and initiatives have room to grow, breathe and establish themselves. Moreover, these periods are magnets for new investors, many of whom are hungry for fresh opportunities. These investors often perceive newer projects as more lucrative compared to assets that have already peaked and reversed.As Ethereum’s fees continue their upward trajectory, the underlying message is clear: Ethereum is alive and kicking. The platform, with its decentralized applications and smart contracts, is once again proving its worth in the crypto sphere. This article was originally published on U.Today More
The new framework allows DAOs to operate legally and issue tokens to members, providing regulatory clarity for digital asset firms. Abu Dhabi is aiming to become a crypto hub alongside Dubai, and this move is part of a larger initiative to foster initiatives in the broader blockchain and digital asset realm.Continue Reading on Cointelegraph More
Musk was one of many big names to attend the summit, including heads of OpenAI, Meta (NASDAQ:META), Google (NASDAQ:GOOGL) and its AI division DeepMind, along with leaders from 27 countries. Musk’s nearly hour-long chat with Sunak was one of the main events of the second day.Continue Reading on Cointelegraph More
