Author: Tony Pearce
zkSync Devs Intend to Release L3 Testnet Solution Pathfinder in 2023
Reading Time: < 1 minuteMatter Labs will launch a public Layer 3 (L3) Pathfinder testnet on top of Ethereum in Q1 2023.
Helium Criticizes Delisting of HNT Token from Binance
Reading Time: < 1 minuteBinance has “no reason” to remove trading pairs with the Helium Network Token (HNT) from the platform.
Brazil’s Police Uncover €780 Million Crypto Pyramid Scheme
Reading Time: < 1 minuteThe Brazilian police have raided 20 addresses in three states linked to a €780 million international cryptocurrency fraud case.
Grayscale Launches a Structure for Investing in Crypto Miners
Reading Time: < 1 minuteDigital asset manager Grayscale Investments has recently launched a joint investment product for crypto mining equipment amid the crypto winter.
Cake DeFi Launches an ETH Staking Service with 5% Returns
Reading Time: < 1 minuteCake DeFi has just announced the launch of Ethereum (ETH) Staking.
Crypto Industry Lost $428M from Hacks and Scams in Q3
Reading Time: < 1 minuteThe cumulative losses of the Web3 ecosystem from hacks and fraud amounted to $428.7 million for the third quarter of the year.
Fidelity Raises $5M to its Ethereum Index Fund
Reading Time: < 1 minuteThe Ethereum Index Fund, which was launched by the investment giant Fidelity Investments, has raised $5 million, since September 26.
Peter Schiff: Michael Saylor is Pumping Bitcoin
Reading Time: < 1 minutePeter Schiff has criticized former MicroStrategy CEO Michael Saylor and CNBC for advertising Bitcoin.
Elon Musk Resumes Twitter Takeover
Reading Time: < 1 minuteTesla CEO Elon Musk has sent a letter to Twitter management in which he has proposed to resume the process of taking over the company.
Binance Burns First Batch of Terra Classic Tokens
Reading Time: < 1 minuteBinance has recently burned the first batch of Terra Classic (LUNC).
Russia Will Remove Restrictions on Crypto International Payments
Reading Time: < 1 minuteThe Ministry of Finance of Russia wants to allow international payments in cryptocurrencies for any industry without restrictions.
Uniswap Labs Plans to Reach a $1B Valuation
Reading Time: < 1 minuteThe Uniswap Labs team is in the early stages of negotiations to raise between $100 million and $200 million.
Member of the Board of the Swiss National Bank: “CBDCs Will Bring Stability to DeFi Sector”
Reading Time: < 1 minuteCBDCs can interact with decentralized finance and bring more stability to the sector.
Kazakhstan Introduces a Bill to Regulate Cryptocurrency Mining
Reading Time: < 1 minuteDeputies of the Mazhilis of Kazakhstan have recently developed a bill regulating crypto mining in the country.
FTX’s CEO Wanted to Participate in Twitter’s Takeover
Reading Time: < 1 minuteFTX CEO Sam Bankman-Fried was “potentially interested” in funding Elon Musk’s purchase of Twitter.
IMF: The Concentration of Control From Exchanges in PoS Networks Poses Risks
Reading Time: < 1 minuteThe Proof-of-Stake (PoS) consensus algorithm could lead to “an excessive concentration of decision-making power in the hands of crypto exchanges and custodial service providers, with risks to market integrity.”
Crypto Wallet Maker OneKey Attracts $20M
Reading Time: < 1 minuteOneKey, a Hong Kong-based open source hardware wallet maker, has recently completed a $20 million Series A funding round led by Dragonfly and Ribbit Capital.
French Watchdog Grants Crypto.com Regulatory Approval
Reading Time: < 1 minuteCrypto.com has just announced today that the Autorité des marchés financiers (AMF) of France has granted it a Digital Asset Service Provider (DASP) license.
3,313 BTC Linked to Luna Foundation Guard Are Moved
Reading Time: < 1 minute3,313 BTC associated with the Luna Foundation Guard (LFG) have started to move.
Binance Implements Terra Classic’s Burning Mechanism
Reading Time: < 1 minuteCrypto exchange Binance has decided to burn all fees charged on the LUNC/BUSD and LUNC/USDT spot and margin pairs listed on the exchange.
Hackers Steal $950,000 Due to Profanity Bug
Reading Time: < 1 minuteThere has been a theft of 732 ETH or $950,000 from an Ethereum address created using the Profanity generator.
CoinFLEX Lenders Give Their Support to Platform’s Business Restructuring Plan
Reading Time: < 1 minuteThe lenders of crypto derivatives platform CoinFLEX have given their support to the proposal to restructure the company’s business ahead of schedule.
The UK Proposes to Simplify Crypto Withdrawal
Reading Time: < 1 minuteThe UK’s Parliament plans to consider a bill aimed at combating cybercrime and money laundering.
Binance CEO: Bearish Cycles Are Beneficial for Crypto Market
Reading Time: < 1 minuteBinance CEO has said that in the long term, bearish sentiment is more beneficial for the cryptocurrency market than a seemingly endless uptrend.
Developers Behind NFT Collection Azuki to Raise $30 Million
Reading Time: < 1 minuteThe team of developers behind the NFT collection Azuki plans to conduct a $30 million Series A funding round at a $300 million to $400 million valuation.
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