Archive for  February 2023

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The OKX exchange said that the Celestial project manipulated the price of its own CELT token.
Celestial confirmed this and said the manipulation was done by internal staff colluding with an external market maker.
OKX and Celestial agreed that the project would pay $2.01 million in compensation for losses, and the exchange would donate $1 million to the affected users.

with Solana

Based on transaction analysis, Wintermute’s head of research Igor Igamberdiev reported that there is a “huge chance” that the purse involved in the TerraUSD (UST) attack belongs to the trading firm Jane Street.
On May 3, 2022, Clearpool reported that Jane Street borrowed $25 million from BlockTower using its loan pool. Based on this information, three wallets belonging to the trading company were identified, particularly Wallet A.
It was Wallet A that exchanged 85 million UST for USDC and unbalanced the UST/3CRV Curve pool.
Two weeks later, this wallet borrowed $25 million again and moved it to a Coinbase user wallet.
This same Coinbase wallet also had $84.5 million transferred to it from Wallet A. The exchange wallet did not make any transactions other than the two mentioned deposits.

According to Reuters, Mastercard and Visa have decided to postpone their plans to integrate cryptocurrency following the tumultuous events that rocked the cryptocurrency space last year.
“The recent high-profile failures in the crypto sector are an important reminder that we have a long way to go before cryptocurrency becomes part of mainstream payments and financial services,” said a Visa spokesperson.
However, the company added that it remains interested in digital assets.
Earlier, Visa proposed a plan to use StarkNet for automatic recurring payments.

The developers of the Algorand-based MyAlgo wallet have asked users to withdraw their funds from the mnemonic addresses created in the application.
This situation was due to an exploit that resulted in the theft of $9.2 million.
The reason for the hack is still unknown.

The U.S. Securities and Exchange Commission (SEC) subpoenaed Robinhood over its digital asset services. The subpoena was issued shortly after cryptocurrency exchange FTX declared bankruptcy in November.
The company disclosed this in its annual financial report in the “risk” category.
Robinhood also acknowledged that a lawsuit from the SEC and the recognition of cryptocurrencies as securities, could lead to the termination of digital asset trading on its platform.

Digital Currency Group (DCG) reported a $1.1 billion loss for 2022
The company attributed this to declining cryptocurrency prices and the impact of Three Arrows Capital’s default on its subsidiary Genesis, which went bankrupt.

Technology companies Mitsubishi and Fujitsu and financial institution Mizuho will jointly create a “Japanese economic zone in the meta universe” called Ryugukoku.
The project aims to create an infrastructure for the interaction of local companies.
The group will be guided by former Square Enix executive and JP Games CEO Hajime Tabata’s goal of “improving Japan through games.”
The project will expand to other jurisdictions in the future.

The Tel Aviv Stock Exchange plans to allow non-bank financial institutions to trade in digital assets.

TASE’s proposal to change the rules is now open for public discussion. It will then be presented to the board of directors for approval.

Under the proposal, non-banks would be required to buy and sell cryptocurrency for their customers through licensed digital asset service providers.

TASE said the proposal to open cryptocurrency trading to non-banks is an attempt to meet growing demand from exchange customers.

Trezor announced that it will begin manufacturing its own silicon chips for its flagship hardware wallet, the Trezor Model T.
The move aims to significantly streamline Trezor’s wallet production by reducing delivery cycle time from two years to a few months.
In addition, the company will also eliminate reliance on third parties.

Previously, many technology firms faced component shortages due to broken supply chains in the wake of Covid-19.