🗞 CryptoNews of the Day 🗞
OpenSea Warns API Users of Third Party Security Breach: The prominent NFT marketplace OpenSea has issued a warning to some customers about a recent security compromise that may have exposed their API keys.
👉Details: https://coinmarketcap.com/academy/article/opensea-warns-api-users-of-third-party-security-breach
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Ethereum’s Dencun Upgrade Could Be Delayed to Early 2024: The deployment of Ethereum's Deneb-Cancun (Dencun) upgrade, aimed at addressing scalability issues, may face a potential delay until early next year.
👉Details: https://coinmarketcap.com/academy/article/ethereums-dencun-upgrade-could-be-delayed-to-early-2024
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Mt Gox Trustee Extends Repayment Deadline For Creditors by One Year, Estate Holds $3.8B in Bitcoin: The deadline to repay creditors has been pushed out from October 31, 2023 to October 31, 2024 with approval from the Tokyo District Court.
👉Details: https://coinmarketcap.com/academy/article/mt-gox-trustee-extends-repayment-deadline-for-creditors-by-one-year
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Australian Securities and Investments Commission Charges Kraken Over Margin Trading Product: The Australian Securities and Investments Commission (ASIC) has commenced legal action against cryptocurrency exchange Kraken's Australian provider Bit Trade.
👉Details: https://coinmarketcap.com/academy/article/australian-securities-and-investments-commission-charges-kraken-over-margin-trading-product
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Tether Buys $420M Worth of Nvidia GPUs To Capitalize on AI Boom: Tether Group, the company behind the stablecoin Tether (USDT), has purchased 10,000 Nvidia H100 graphics processing units (GPUs).
👉Details: https://coinmarketcap.com/academy/article/tether-buys-dollar420m-worth-of-nvidia-gpus-to-capitalize-on-ai-boom
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Eclipse Launches Ethereum Layer-2 Running on the Solana Virtual Machine: Eclipse has announced the mainnet launch of its new general-purpose layer 2 scaling solution powered by the Solana Virtual Machine (SVM).
👉Details: https://coinmarketcap.com/academy/article/eclipse-launches-ethereum-layer-2-running-on-the-solana-virtual-machine
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Chainalysis: India Ranks Second Globally in Crypto Transaction Volume: India has emerged as the world's second-largest crypto market in terms of raw transaction volume, surpassing the UK, Turkey, and Russia According to a recent Chainalysis report.
👉Details: https://coinmarketcap.com/academy/article/chainalysis-india-ranks-second-globally-in-crypto-transaction-volume
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Standard Chartered’s Zodia Custody Launches Staking Service: Zodia Custody, Standard Chartered's crypto subsidiary, is teaming up with OpenEden to create the "Zodia Custody Yield" service.
👉Details: https://coinmarketcap.com/academy/article/standard-chartereds-zodia-custody-launches-staking-service
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DeFi Protocol Balancer Frontend “Under Attack,” $238K Stolen: Balancer, an Ethereum-based decentralized finance (DeFi) automated market maker (AMM) protocol, has warned users to avoid its website following an attack on its frontend.
👉Details: https://coinmarketcap.com/academy/article/defi-protocol-balancer-frontend-under-an-attack-dollar238k-stolen
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Thailand's New Tax Policy Targets Crypto Traders: Crypto traders in Thailand to face stricter tax regulations on overseas income.
👉Details: https://coinmarketcap.com/academy/article/thailands-new-tax-policy-targets-crypto-traders
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Cosmos-based Canto and Leading Polkadot Chain Astar Moves to Ethereum as Layer-2s: Canto, a Cosmos-based blockchain, and Astar, a leading Polkadot chain, have both announced that they will be moving to Ethereum as Layer-2 solutions.
👉Details: https://coinmarketcap.com/academy/article/cosmos-based-canto-and-leading-polkadot-chain-astar-moves-to-ethereum-as-layer-2s
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Chinese Fintech Giant Ant Group Divest $100M Stake in A&T Capital To Focus on AI: Ant Group, the Chinese fintech giant founded by Jack Ma, is reportedly leaving the cryptocurrency sector by selling its $100 million stake in A&T Capital.
👉Details: https://coinmarketcap.com/academy/article/chinese-fintech-giant-ant-group-divest-dollar100m-stake-in-aandt-capital-to-focus-on-ai
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Circle Partners With Grab To Launch Web3 Experiences in Singapore: The aim of this pilot is to demonstrate real-world use of Purpose Bound Money, as part of the Monetary Authority of Singapore (MAS)’s Project Orchid.
👉Details: https://coinmarketcap.com/alexandria/article/circle-partners-with-grab-to-launch-web3-experiences-in-singapore
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Huobi Exchange Announces Rebranding to HTX on 10th Anniversary
: Cryptocurrency exchange Huobi has announced its rebranding as "HTX" on its 10th anniversary, a move that has sparked controversy and drawn comparisons to the now-defunct exchange FTX.
👉Details: https://coinmarketcap.com/alexandria/article/huobi-exchange-announces-rebranding-to-htx-on-10th-anniversary
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$54M CoinEx Hack Linked to North Korean Lazarus Group
: Evidence suggests that the recent security breach at CoinEx exchange, resulting in an estimated $54 million worth of tokens being stolen, may be linked to North Korean attackers.
👉Details: https://coinmarketcap.com/alexandria/article/dollar54m-coinex-hack-linked-to-north-korean-lazarus-group
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Derivatives Brokerage Firm Founded by Ex-FTX US President Gets NFA Approval: Architect Financial Technologies, the startup founded by former FTX US president Brett Harrison, has received approval from the National Futures Association (NFA) for its subsidiary.
👉Details: https://coinmarketcap.com/academy/article/derivatives-brokerage-firm-founded-by-ex-ftx-us-president-gets-nfa-approval
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Korea's Blockchain Developments Set To Impact Institutional Finance: South Korea's Busan City to establish the country's first city-backed digital asset exchange.
👉Details: https://coinmarketcap.com/academy/article/koreas-blockchain-developments-set-to-impact-institutional-finance
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Ben Armstrong, Formally Bitboy, Asks Fans for Donations To Fight Ongoing Lawsuit: Ben Armstrong, formally known as Bitboy, has asked his followers for donations to raise funds for his legal defense.
👉Details: https://coinmarketcap.com/academy/article/ben-armstrong-formally-bitboy-asks-fans-for-donations-to-fight-ongoing-lawsuit
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Venmo Users Can Now Use Paypal’s PYUSD: PayPal has taken steps to increase availability of its US dollar-pegged stablecoin PYUSD with a new integration on Venmo.
👉Details: https://coinmarketcap.com/academy/article/venmo-users-can-now-use-paypals-pyusd
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Toncoin Enters Top 10 Cryptocurrencies Following Telegram Crypto Wallet Launch: Toncoin (TON), the native cryptocurrency of The Open Network, has become the 10th largest cryptocurrency by market capitalization, surpassing Justin Sun’s Tron (TRX).
👉Details: https://coinmarketcap.com/academy/article/toncoin-enters-top-10-cryptocurrencies-following-telegram-crypto-wallet-launch
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Philippines SEC Joins Forces With US Counterpart and ADB To Fight Crypto-Related Crimes: Philippines SEC strengthens enforcement capacity with US and ADB collaboration.
👉Details: https://coinmarketcap.com/academy/article/philippines-sec-joins-forces-with-us-counterpart-and-adb-to-fight-crypto-related-crimes
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Japan’s Largest Investment Bank Nomura Launches Bitcoin Adoption Fund: Laser Digital Asset Management, a subsidiary of the largest Japanese investment bank Nomura, has launched the Bitcoin Adoption Fund.
👉Details: https://coinmarketcap.com/academy/article/japans-largest-investment-bank-nomura-launches-bitcoin-adoption-fund
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FTX Sues Sam-Bankman Fried’s Parents for Stealing Millions From the Failed Exchange: Debtors of the defunct cryptocurrency exchange FTX have filed a lawsuit against FTX founder Sam Bankman-Fried's (SBF) parents.
👉Details: https://coinmarketcap.com/academy/article/ftx-sues-sam-bankman-frieds-parents-for-stealing-millions-from-the-failed-exchange
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UK’s Bill To Freeze Illicit Crypto Assets Reaches Final Stage: The UK House of Lords has pushed the Economic Crime and Corporate Transparency Bill to the final stages for approval.
👉Details: https://coinmarketcap.com/academy/article/uks-bill-to-freeze-illicit-crypto-assets-reaches-final-stage
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Stoner Cats NFT Banned From Marketplaces After SEC Charges: The Stoner Cats NFT project, which was co-created by actress Mila Kunis and is related to a celebrity-filled cartoon series, has been removed from major NFT marketplaces.
👉Details: https://coinmarketcap.com/academy/article/stoner-cats-nft-banned-from-marketplaces-after-sec-charges
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Citi Expands Digital Asset Services, Offers Tokenized Bond Trading: Citi, one of the world's leading financial institutions, has announced the expansion of its digital asset services.
👉Details: https://coinmarketcap.com/academy/article/citi-expands-digital-asset-services-offers-tokenized-bond-trading
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Paypal First PYUSD Report Shows Stablecoin Reaching Only $44M Market Capitalization: According to its first transparency report, PayPal's stablecoin, PYUSD, has seen limited acceptance despite its potential for global payments.
👉Details: https://coinmarketcap.com/academy/article/paypal-first-pyusd-report-shows-stablecoin-reaching-only-dollar44m-market-capitalization
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3AC’s Su Zhu and Kyle Davies Hit With 9 Year Prohibition Order by Monetary Authority of Singapore
: The founders, Su Zhu and Kyle Davies, are prohibited from participating, taking part in the management, or becoming a substantial shareholder of any financial services firm.
👉Details: https://coinmarketcap.com/alexandria/article/3acs-su-zhu-and-kyle-davies-hit-with-9-year-prohibition-order-by-monetary-authority-of-singapore
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Paxos Behind $500K Bitcoin Fee Overpayment For $2K Worth of BTC Transfer
: Paxos, the issuer of stablecoins such as PayPal USD (PYUSD) and Pax Dollar (USDP), has confirmed responsibility for the recent incident involving a $500,000 overpayment in Bitcoin fees.
👉Details: https://coinmarketcap.com/alexandria/article/paxos-behind-dollar500k-bitcoin-fee-overpayment-for-dollar2k-worth-of-btc-transfer
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August’s CPI Higher Than Expected, But Crypto Prices Remain Flat
: On Wednesday, cryptocurrency prices remained stable as the latest inflation statistics from the United States showed a modest uptick.
👉Details: https://coinmarketcap.com/alexandria/article/augusts-cpi-higher-than-expected-but-crypto-prices-remain-flat
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