Archive for  November 2023

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The hacker KyberSwap has demanded that full control of the project be handed over to him.

He demanded that the company hand over all the assets and documents of the exchange.

The exchange was previously hacked for $47 million.

MicroStrategy purchased an additional 16130 BTC for $593.3 million
The average price was $36785.
Today, the company’s holdings are valued at 174530 BTC worth $5.28 billion.

The US Office of Foreign Assets Control (OFAC) has placed cryptomixer Sinbad on its sanctions list.

Authorities said North Korean hackers from Lazarus Group used the service to launder stolen funds.

Paxos has received several provisional licenses in Abu Dhabi. Specifically, the company has been authorized to issue stablecoins, as well as provide brokerage and custody services.

Paxos is expected to receive its full license in the first half of next year.

Grayscale has updated the agreement for the Grayscale Bitcoin Trust (GBTC) for the first time since 2018.
The company’s goal is to optimize the fund’s structure to convert it into a spot bitcoin ETF.

To date, the company has changed its method of charging management fees from monthly to daily.

Grayscale has also allowed assets to be pooled in a single account, which will allow for smoother creation and redemption of shares. Such a system is utilized at Coinbase Custody.

Wormhole raised $225 million at a $2.5 billion
Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital and Arrington Capital participated in the round.

The Wormhole Foundation also launched Wormhole Labs, an
organization independent of Jump Trading .

Iota announced that it has launched the Iota Ecosystem DLT Foundation, headquartered in Abu Dhabi.

The company’s foundation will be backed by $100 million in IOTA, which will be used to grow the ecosystem over the next four years.

The Iota Ecosystem DLT Foundation is the first such organization to receive regulatory approval in Abu Dhabi.

The Binance exchange will delist BUSD on December 15.
Users can exchange BUSD to FDUSD with zero commission.

BUSD withdrawal will be disabled on December 31.

The Securities and Exchange Commission of the Philippines (SEC) has begun the process of blocking access to Binance.
The regulator said the exchange was operating in the Philippines without the required license.

Access to Binance will be restricted for 3 months.

According to TheBlock, Coinbase has warned some users that it has received a subpoena from the Commodity Futures Trading Commission (CFTC).

The case involves the Bybit exchange.

The CFTC supposedly wants to figure out the U.S. users of Coinbase who interacted with Bybit.

By doing so, the regulator will be able to charge the exchange with serving unregistered US customers.