Grayscale interest in Crypto is Growing 📈
On september 19, Grayscale filed the ETF with the SEC (Securities and Exchange Commission) under the Securities Act of 1933. Like bitcoin, Greyscale is supposed to Hold the commodities in the form of digital assets particularly ETH futures.
However the problem arises with the fact that Most ETFs are filed under the Investment Company Act of 1940 whcih allows funds to only invest in securities.
We've already seen the aggresiveness from SEC in the case of BTC ETF. But it must be noted that Grayscale won the case against SEC and was able to start a BTC STF. This resulted in the bullish trend of bitcoin in the bearish month of september.
Read more: Yahoo Finance
Ledger to start Recovery service 🔓
Earlier this year, ledger claimed that they will soon start a private key recovery service. This resulted in huge dismissal of ledger. Many didn't like this idea. Yet ledger didn't considered the public view and continued with the developments.
Accordingly, The private keys/phrase would be shared between Ledger and two other security companies, CoinCover and EscrowTech.
What troubled the crypto users was the government who could seek for data any time they wanted.
Ledger calmed the public by stating that this feature will be optional for its users and the roadmap will be made publicly and protocol will be open source.
Read more: theblock.co
Coinbase claims that 55% of voters in USA are likely to shun candidates opposing crypto 😤
Survey results showed that 63% of crypto owners agree that the system unfairly favors powerful interests. More than 40% of those who own digital assets do so to remit money across borders to help family members pay for food, housing and health care for far less than what banks and wire services typically charge.
This research could also become a part of the exchange’s recent campaign to advance U.S. legislation designed to address regulatory oversight of the crypto market.
Read more:
Balancer Protocol hacked ⚠️
On September 19, Balancer notified its users to not to interact with anything on its front end mentioning in their tweet. Balancer has now secured their website as mentioned in this tweet.
The users were prompted to sign a malicious contract which enabled the hacked move the funds.
Fortunately, no vaults were affected. But this warns us of possible threats‼️
Read more:
Optimism announced their 3rd airdrop 🪂
After the two biggest airdrops, Optimisim announced another big airdrop for its community on 18th September. The criteria was Governance Delegation and Voting Delegation (which was a bonus).
The tokens were directly sent to wallet by optimism.
Optimism concluded that Optimism is about scaling new coordination mechanisms so healthy governance is crucial to the success of the Optimistic Vision.
BUT WAIT, 19% of supply was assigned for airdrop. Still there is a lot remaining!!!
Read more:
FTX resumed operations on its website to accept compensation claims ✅
Previously, FTX was taken down because of a major cyberattack. But it has now restored its customer claims portal. Claimants can now continue to submit claims for assets they held on the exchange prior to it becoming insolvent.
In a tweet, FTX mentioned that none of its systems were affected following the cyber breach.
On August 27, FTX temporarily suspended the accounts of users who used the claims portal after Kroll was hacked.
Read more: CoinTelegraph
Tether Continues to loan the stablecoin 🪙
Back in December 22, Tether announced that it will cut such loans down to zero in December 2022 because of many cotroversies leading to massive FUD. But it still continued and secure loans saw a huge uptrend.
Tether claimed that the new loans were made at the request of some of its partners, and now it plans to finish it by 2024.
Read more: CoinTelegraph
Mt.Gox BTC repayment Postponed 🥲
Mt. Gox has repeatedly delayed repaying the digital asset that it has prevented its users from taking out since February 25, 2014. Since 2014's cyberattack which resulted in the 850,000 Bitcoin loss....
Read more: CoinTelegraph
Binance Warns of Multiple Stablecoin Delistings 😱
Binance’s French legal director warned that EU's MiCA law could spur several stablecoin delistings. There are still gray areas in how the EU's landmark law will apply to decentralized and foreign issuers.
But MiCA's provisions on stablecoins will take effect in June 2024....
Read more: Coindesk
Busan is creating Blockchain operated city 🛫
They are building a public blockchain network compatible with mainstream blockchain platforms, such as Ethereum and Cosmos. Busan City has accumulated over $75 million in funding. The development will be made according to Busan Digital Asset Exchange Establishment Promotion Plan and Future Schedule plan.
In addition to this, The long-term blockchain development plan also includes the development of the Busan digital asset exchange in the first half of 2024....
Read more: CoinTelegraph
A former Huobi employee Sets up a Trojan virus resulting in the leak of user's private keys 🗝️
A reporter revealed a significant security breach in the iToken platform, formerly known as Huobi Wallet, which has led to the leakage of customers’ private keys. The Chinese reporter disclosed that law enforcement authorities have launched an investigation…
Read more: CoinEdition
Citigroup Launches Digital Token Service and Blockchain System for Real-Time Payments 💳
Citigroup INC, which manages $1.72 trillion, will introduce the digital token called Citi Token Services for real-time payments. Citigroup offers a new service that lets customers convert their money into digital tokens, which can be sent to anyone in the world right away. To operate the service, Citigroup will utilize a private blockchain owned and operated by the company.
Read more: ISP
Binance in trouble ❓
Binance US auditor found it "very difficult to ensure the company was fully collateralized at specific points in time", SEC says in unsealed court filings..
Read more: DocDroid
Bitcoin.org banned in UK 🌏
Bitcoin.org can no more publish the bitcoin whitepaper and distribute the Bitcoin Core software among UK inhabitants.
A London judge ruled on Monday that the pseudonymous operator of a Bitcoin website must pay the £500,000 ($640,000) legal bill of Craig Wright...
Read more: Twitter
UK House of Lords passes bill to seize stolen crypto 💰
The Economic Crime and Corporate Transparency Bill was introduced in September 2022 and primarily aims to tackle crypto-related financial crimes. Over the past year, the bill went from the House of Commons to the House of Lords and is now in the final stages of approval.
Read more: CoinTelegraph
House Committee Passes Bill to Ban FED from Creating a CBDC 🚫
US Congressman Tom Emmer introduces a new bill to ban the Federal Reserve from creating a central bank digital currency (CBDC). The bill bans any CBDC pilot programs and prohibits the Fed from introducing a retail digital currency that could be used to surveil citizens.
Read more: Watcher
Mixin Network Hacked 👊
On September 23, the database of Mixin Network's, which is a decentralized network for transferring digital assets, cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet. Over US$200 million were lost.
Read more: Twitter
Vitalik Buterin Continues to cash out The Ethereum 👯
Buterin has cashed out approximately 2.4 ETH, which is $3.94, in past 10 days. As of today, he converted 400 ETH to fiat.
Read more: BeinCrypto
