Headlines
▌Binance Supports Azerbaijan’s Enactment of Crypto Regulations
Cryptocurrency exchange Binance has offered to support Azerbaijan’s efforts to develop digital asset regulations. Binance has been active in the region this year, seeking to expand its market presence and increase its interaction with Azerbaijani authorities. Binance is ready to provide support to the Central Bank of Azerbaijan (CBA) to develop crypto regulatory mechanisms.
Policy
▌U.S. Senate Banking Chairman: "May" Ban Cryptocurrencies
Sherrod Brown, chairman of the U.S. Senate Banking Industry, said on Sunday that federal agencies need to address the cryptocurrency market and "may" ban it after the FTX crash. Brown said, "Maybe banning cryptocurrency, although it is very difficult to ban it, because it will go overseas, who knows how it will work, the cryptocurrency market is a "complex, unregulated pool of money", this problem is much bigger than FTX. So we have to do it right, have talked to the Treasury Department and want the regulator to do an assessment. I've been chairing the Banking, Housing and Urban Affairs Committee for the past eight and a half years, educating me colleagues and trying to educate the public about cryptocurrencies and the dangers they pose.”
Cryptocurrency
▌Raydium Announced Detailed Post-Mortem: The Attacker Compromised Eight Constant Product Liquidity Pools on Raydium, $4.4m Stolen
On Dec 16, 2022, a malicious actor began an exploit on the Raydium Liquidity Pool V4’s authority account by gaining access to the Pool Owner (Admin) account. OtterSec posted an initial overview of the attack. This update also expands on the initial post-mortem posted on Twitter by Raydium’s official account.
▌Twitter Bans Tweets Promoting 3rd-Party Social Media Platforms Including Facebook, Instagram, Mastodon, & Truth Social
Twitter will no longer allow users to promote their accounts on at least seven other major social media sites, including Facebook, Instagram and Truth Social, it announced Sunday. The new policy comes after many users recently began posting links to their accounts on other sites following Elon Musk's takeover as CEO of Twitter and its subsequent reinstatement of far-right accounts, suspension of journalists and mass layoffs.
▌Sam Bankman-Fried Seeks Extradition to the US After Spending 4 Days in Bahamas Jail
Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday. The 30-year-old cryptocurrency mogul was indicted in federal court in Manhattan on Tuesday and accused of engaging in a scheme to defraud FTX customers by using billions of dollars in stolen deposits to pay for expenses and debts and to make investments for his crypto hedge fund, Alameda Research LLC.
South Korean soldiers are compromising military secrets to secure loans for cryptocurrency investments, reflecting financial desperation amid rising debt. An investigation found 29 cases of leaked classified information, raising serious concerns about national security and the need for stricter measures to protect sensitive data.
AnaisIt's quite incredible. This may be the first time that people hope that the National Day will pass quickly. The arrival of the National Day holiday has pressed the "pause button" on the recent rising market, and investors are itching to watch the A-share market close.
AlexCrypto scammers are leaving the TON blockchain due to a lack of high-value targets, as fewer wealthy investors remain on the network. With TON's growing popularity and security measures, scammers are shifting their focus to other platforms, like Bitcoin, for better opportunities.
WeatherlyHong Kong’s Securities and Futures Commission (SFC) plans to issue more licenses to crypto exchanges and digital asset firms by year-end. Its 2024-2026 roadmap focuses on strengthening crypto platform regulations, promoting Real World Asset (RWA) tokenisation, and exploring blockchain technologies further.
KikyoThe SEC warns of a surge in "romance investment scams," where fraudsters pose as romantic partners. The regulatory agency urges caution, especially during World Investor Week, as the FBI reports $5.6 billion lost to crypto scams in 2023.
CatherineBurls Art has created a unique electric guitar that also functions as an aquarium, inspired by AI-generated designs. This innovative project faced engineering challenges, but Burls Art successfully combined art and technology, resulting in a fully playable instrument that also houses aquatic life.
WeatherlySamsung Electronics is facing a significant crisis as its semiconductor division reports disappointing financial results and struggles with competition, leading to a rare public apology from the new leader. The company is dealing with delays in crucial chip deliveries, a drop in share prices, and plans to cut jobs to address its challenges and restore its competitiveness in the market.
AnaisIt is incredible that this may be the first time that people hope that the National Day holiday will pass quickly. The arrival of the National Day holiday has pressed the "pause button" on the recent rising market, and investors are eager to see the A-share market closed.
AlexThe latest trailer for HBO's documentary will reveal the true identity of Satoshi Nakamoto this week. Its producer admitted to confronting the real person in person and believed that Satoshi Nakamoto is still alive. According to betting market data, the market currently speculates that the most likely candidate is Nick Szabo, which coincides with Musk's early theory.
MiyukiThere are reports that USDT, the world's largest dollar stablecoin, may be delisted from the European Coinbase exchange. Tether plans to develop new technical solutions for the European market to comply with the EU's MiCA regulations.
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