U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input - cyptoranking.com

2024-05-02

Popular crypto exchanges(2023 Update) 2024-05-02
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Since February 2023, #Ethereum whales have capitalized on surging prices, offloading or redistributing over 5 million $ETH — equivalent to roughly $8.5 billion.Notably, this selling trend continues with no current indication of a shift towards #ETH accumulation yet. pic.twitter.com/Oz3Lct3hbL A collective of local leaders in the cryptocurrency space, including 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association, Bits of Gold, as well as Cointelegraph, have joined together to establish Crypto Aid Israel, a global fundraiser to help displaced Israeli citizens in need of humanitarian aid.The ongoing and unfolding conflict has taken a heavy toll on the local civilian population, with casualties currently estimated in the thousands.A recent report from Israeli news source Haaretz indicates the attacks on Israeli's local population have resulted in the deaths of at least 700 Israelis "and nearly 2,400 wounded since Hamas' surprise invasion on Saturday morning. In Gaza, the Palestinians report 560 dead and over 2,700 wounded."According to the CEO of CryptoJungle, Ben Samocha, Crypto Aid Israel's aim is to provide immediate help for those affected:“We hope to raise the necessary funds to provide food and shelter for families who lost their homes. We are also hoping to provide hygiene and medical products for the bombarded Israeli civilian populace…”Crypto Aid Israel is hosting a multisig wallet, overseen by luminaries in the local Web3 community. In order to donate and help their cause, you can visit their website here.Per a press release, Crypto Aid Israel’s creators are urging those who want to help to be cautious when it comes to verifying that their aid is going to the right wallet:“It is incredibly important to consider before donating that due to potential phishing scams and cyber attacks, please compare the crypto wallet address to the verified one on the official website, so that funds aren’t sent to addresses that may have been sent to you through other sources.”The Crypto Aid Israel initiative supports both Bitcoin and Ether donations. Related: Israeli authorities seize crypto from terror organizations, credit new technology U.S. SEC sees decentralized crypto platforms as exchanges, seeks public inputEddie Yue Wai-man, CEO of the Hong Kong Monetary Authority, added that e-HKD could be used in different areas like programmable payments and new regions like tokenized deposits and tokenized assets. A major factor in its success was its August completion of its 100 MW data center in Gedu, Bhutan, according to Bitdeer CEO Linghui Kong.

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The Canadian Bitcoin (BTC) mining company Hut 8 continues to accumulate self-mined BTC amid the ongoing merger deal with the industrial cryptocurrency miner, US Bitcoin (USBTC).Hut 8 mined 111 Bitcoin in September 2023, bringing its self-mined BTC reserves to 9,366 Bitcoin, the firm announced on Oct. 10.The amount of Bitcoin mined by Hut 8 in September is up around 8% from the previous month but is still significantly lower than in May 2023 when Hut mined 147 BTC. The Bitcoin miner has seen its mining pace drop significantly over the past year, as its monthly mining volumes dropped nearly 60% from 277 BTC mined in September 2022.But despite seeing a notable decline in the amount of monthly-mined Bitcoin, Hut 8 has remained committed to its hodl strategy, which has not been seen among too many miners in the industry.“No Bitcoin was sold during the month,” Hut 8 said, stressing that the company owns one of the largest self-mined BTC reserves among publicly traded firms. “Total balance of Bitcoin in reserve was 9,366 on September 30 — 7,269 of which were unencumbered,” the firm added.Hut 8’s latest BTC reserve expansion comes in line with the company’s long-term hodl strategy. Unlike many crypto miners forced to sell at least part of their mined Bitcoin holdings amid tough market conditions, including firms like Core Scientific and Riot Blockchain, Hut 8 has continued to steadily increase its Bitcoin stash. As of September 2022, Hut 8 had about 8,000 BTC in its reserves.In the announcement, Hut 8 also mentioned the success of its ongoing merger deal with USBTC. Announced in February 2023, the transaction is expected to create a new Bitcoin mining business called Hut 8 Corp, or “New Hut.”Related: Bitfarms increases mining pace, generates 411 BTC in SeptemberIn September 2023, Hut 8 and USBTC obtained final approval from the Supreme Court of British Columbia for the merger deal.“Progress toward completing our transaction with USBTC continues, and we’re grateful to our shareholders who demonstrated their overwhelming support by voting in favor of the merger,” Hut 8 CEO Jaime Leverton said. He added that the recent approval from the Canadian court allows the firm to “continue to advance us toward a new Hut 8,” which will have “highly diversified fiat revenue streams.”Magazine: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula E Blockchain-based online gaming hub Ultra Arena co-CEO and co-founder Nicolas Gilot says that eSports are struggling to generate profits, and a change of direction is needed. Where to buy Dogecoin (DOGE) in 2023Further, it engaged with a San Francisco-based Y-combinator team dedicated to innovating in the realm of tokenization of enterprises and assets. Zero-Knowledge Rollups

Notably, this downturn was only temporary, as both total value locked (TVL) and transfer volume showed signs of recovery, even amidst the arrest of two of Tornado’s three founders. FAQ A cryptocurrency scam that used the Coinbase Wallet led to $66.3 million in lost crypto— Robert F. Kennedy Jr (@RobertKennedyJr) October 9, 2023 This decision saw Ethereum prices edge higher in early October. Though prices have since contracted, institutional investors can now find exposure in Ethereum via structured and regulated products approved by the stringent regulator.

Source: PixabayBalancer, the Ethereum-based decentralized finance (DeFi) protocol, is facing a security breach, marking the second such incident in less than a month. The platform issued a warning to its users after detecting an attack on its frontend, urging them to refrain from interacting with the Balancer user interface until further notice.The breach was revealed to the community on September 19th, around 11:49 pm UTC. $238,000 Worth of Crypto Stolen While the full extent of the attack is still under investigation, it has raised concerns among users and the broader DeFi community. Blockchain security firms, including PeckShield, and blockchain analyst ZachXBT, estimate that approximately $238,000 in cryptocurrency has been siphoned off.The attack's modus operandi appears to involve hijacking the Balancer domain, Balancer.fi. Users who accessed the compromised website were prompted to approve a malicious contract, unknowingly facilitating the draining of their wallets. Reports from affected users indicate that this deceptive approach has been quite effective.Despite the ongoing investigation, Balancer contributor Cosme Fulanito has provided some assurance that the protocol's vault remains "100% fine." This suggests that user funds held in the protocol may not have been affected, though official confirmation from the company is still pending.Balancer Protocol Exploited for $2 Million a Month AgoThis security breach comes as a disconcerting sequel to Balancer's recent vulnerability scare in August, where the protocol warned users of a critical vulnerability. Just days after the initial warning, the platform suffered an estimated $2 million exploit linked to the vulnerability. Although mitigation measures had been implemented to reduce risks, affected liquidity pools could not be paused, leading to the urgent withdrawal advisory for users.The Balancer team has learned from the previous incident and acted swiftly to investigate and contain the breach. Users are now advised to exercise extreme caution, refraining from any interaction with the platform's user interface until the situation is resolved, highlighting the constant battle for security and trust within the DeFi space.CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown Officers suspect the detainees, all apparently Brazilian nationals, of “robbery” and “extortion”-related offenses. South Korea finds more suspicious crypto-linked foreign exchange transactionsAccording to Santiment, traders are now split about the future of Ethereum price, making ETH a polarizing topic especially on Crypto X. With bearish sentiment growing, experts from Santiment anticipate a turnaround. Two Blockchains Monopolize Transaction Fees

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