Editor's Choice
WazirX has filed a petition with the Singapore court for debt settlement and convening creditors, conducting on-chain token swaps for asset security ⚖️
WazirX has filed a petition with the Singapore court to convene creditors for the approval of a debt settlement plan. The company stated that the proposed scheme will be transparent and fair, aimed at restoring trust among participants. As part of the scheme, WazirX is conducting on-chain token swaps to optimize asset management. Creditors will receive detailed documents on the proposal next week, and the process will be accompanied by full transparency. This step is crucial for restoring the platform's functionality.
User LeftsideEmiri lost $300,000 💸 after clicking on a fraudulent link that installed malware stealing funds from Ethereum and Solana wallets 🛑
User "LeftsideEmiri" reported losing $300,000 after clicking on a fraudulent link offering a partnership meeting. He believes the link installed malware that stole funds from several wallets, including Ethereum and Solana. The criminal transferred the money to a wallet associated with the BingX exchange. The victim contacted the exchange for help in recovering the funds and warned other users about the dangers of phishing attacks.
Czech Republic exempts from capital gains tax the profit from the sale of Bitcoin if it has been held for more than 3 years and the income does not exceed 100,000 Czech crowns 💰
Starting in 2025, the Czech Republic will exempt from capital gains tax the profit from the sale of Bitcoin, provided it has been held for more than three years and the annual income from its sale does not exceed 100,000 Czech crowns. This change, approved by Parliament on December 6, aims to improve conditions for crypto investments and align tax regulations with EU legislation. However, the law does not provide clear guidelines for implementation, leaving questions about how to verify the holding period of assets.
GRVT has received a license from the Bermuda Monetary Authority to operate as a decentralized exchange, merging CeFi and DeFi, with plans for expansion in 2025 💼
The hybrid cryptocurrency exchange GRVT has received a license from the Bermuda Monetary Authority (BMA), allowing it to operate as a regulated decentralized exchange (DEX). The company plans to obtain a higher license by mid-2025. GRVT's CEO, Hong Yea, stated that CeFi and DeFi should not be separated, as regulation helps improve standards in decentralized exchanges, ensuring transparency and security. This allows the integration of cryptocurrencies and traditional finance, creating a more resilient ecosystem.
Jupiter launches the iCloud Backup feature for secure storage of recovery phrases and wallet private keys with automatic encryption and recovery of access to cryptocurrency 🔐
Trump appointed David Sacks as his advisor on artificial intelligence and cryptocurrencies, emphasizing the importance of these areas for U.S. competitiveness 💼💰
Argentina launches CEDEARs with access to Bitcoin ETF IBIT and Ethereum ETF ETHA, allowing investment in cryptocurrencies without crypto wallets, amidst peso devaluation 💰
Binance Labs transferred the remaining 30 million GMT tokens to Binance, completing its involvement with the project for a total amount of $7.29 million, sparking a storm in the crypto community 💥
Copper became one of the first companies to support USDC on the Sui blockchain, opening up new opportunities for institutional investors and DeFi 🚀
Anduril Industries and OpenAI team up to use AI in protecting U.S. military bases from drone attacks: new technology to enhance security and situational awareness 🛡️
Ceffu integrates EOS into its custody services for institutional clients via MirrorX from Binance, and EOS is included in the COIN50 index on Coinbase 💼
Circle has become the first stablecoin issuer committed to complying with OSC and CSA requirements, allowing USDC to continue trading in Canada until December 31, 2024 💰
Tether launches Hadron platform for asset tokenization, including bonds, commodities, stocks, and other assets, with support for Ethereum, Avalanche, and Bitcoin Liquid 📊
Tether has launched a platform for asset tokenization called Hadron, which allows converting bonds, commodities, stocks, and other assets into digital tokens on the blockchain. The goal of the project is to provide opportunities for alternative financing and improve financial markets for governments and corporations. The platform includes tools for risk management, KYC, and AML, as well as support for Ethereum, Avalanche, and Bitcoin Liquid networks, with plans to add the TON network. Tokenization has the potential to become a multi-trillion-dollar industry.
TSMC and Nvidia will start producing Blackwell chips for artificial intelligence in Arizona in 2024, the chips will be 30 times faster than the previous ones and used for accelerated computing 🤖
TSMC is in talks with Nvidia about manufacturing Blackwell chips for AI at a factory in Arizona, which will begin mass production in 2024. These chips are 30 times faster than their predecessors and are designed for accelerated computing. The production process will also involve Taiwan, where the chips will undergo packaging. This move strengthens the US's position in the global semiconductor industry amid growing demand for AI technologies.
21X and Chainlink have entered into a strategic partnership to create the first regulated platform in the EU for tokenized assets and cross-chain compatibility using Chainlink CCIP 💼
21X, which will soon launch the first regulated financial infrastructure in the EU for trading and settlement of tokenized assets, has entered into a strategic partnership with Chainlink. The 21X system will use the Chainlink standard to integrate high-quality data and ensure cross-chain compatibility. As part of the partnership, price feeds for bids and offers will be available, as well as access to assets and stablecoins via the Chainlink CCIP protocol. The platform will operate under the oversight of BaFin, the German financial regulator.
Binance launches the On-Chain Yields program with Babylon Protocol for staking 1,000 BTC, simplifying access to DeFi and offering a new way to earn on digital assets 🚀
The On-Chain Yields program from Binance, within Binance Earn, removes technical barriers to DeFi access by providing the ability to stake BTC through Babylon Protocol. This simplifies DeFi interaction for regular users by eliminating issues with gas fees and smart contracts. Babylon offers a solution for safe Bitcoin staking without the need for wrapping or bridging, unlocking new opportunities in DeFi for a wider audience.
Best news of the last 10 days
Solana (SOL) loses $160,000 due to a vulnerability in the Web3.js library, developers are urged to update to version 1.95.8, SOL price drops by 1.3% after the attack 📉
The Philippine central bank has completed the trials of the wholesale central bank digital currency Project Agila for 24/7 interbank transfers using distributed ledger technology 💰🔗
Operation "Destabilization": NCA uncovered Smart and TGR networks, seized over 20 million pounds, and arrested 84 people for money laundering 🌍
Thomson Computing introduced the world's first Web3 laptop with cold storage for cryptocurrencies and data protection via the MPC protocol 🚀
In Moscow, the organizers of a crypto-terminal fraud were detained: 150 victims, over 2.5 million rubles stolen, funds sent to Ukraine 🚔
In Moscow, organizers of a fraudulent scheme involving cryptocurrency terminals, which deceived more than 150 people, were detained. The suspects installed more than 20 terminals through which victims transferred money to the criminals' wallets. The leader of the group, a Ukrainian citizen, exchanged cash for cryptocurrency and sent the funds to curators, keeping a percentage for himself. Among the victims is a participant in the Special Military Operation, who lost 2.5 million rubles. A case has been opened under the article "Fraud."
Dtcpay will transition to supporting only stablecoins by 2025, abandoning Bitcoin and Ethereum, amid a 100 percent increase in stablecoin operations 💳
Singapore payment provider dtcpay announced that starting in 2025, it will switch exclusively to stablecoins, discontinuing support for Bitcoin and Ethereum. This decision aims to provide more reliable and secure payment services. In 2024, the volume of stablecoin operations in Singapore doubled, reaching $1 billion, highlighting their growing popularity in the region and convenience for users.
Bitget launched the "BitEXC" platform in Vietnam: P2P trading, local payments, a $300 million protection fund, and 21.2 percent of cryptocurrency holders 🚀
The Bitget exchange launched the "BitEXC" platform for the Vietnamese market, supporting P2P trading using ViettelPay, Momo, and ZaloPay. Spot and futures trading, copy trading, and bots will be added within three months. The platform is focused on local needs and is protected by Bitget's $300 million fund. Vietnam is second in the world for cryptocurrency ownership (21.2 percent).
Stanislav Moiseyev, founder of Hydra, received a life sentence and a fine of 4 million rubles for drug trafficking and organizing a criminal group ⚖️
Stanislav Moiseyev, accused of organizing a criminal group and drug trafficking, was sentenced to life imprisonment. He was connected to the closed drug market Hydra, which operated since 2015. In 2022, German authorities shut down Hydra, seizing over $1.3 billion and confiscating bitcoins. Moiseyev and 15 of his accomplices received prison sentences ranging from 8 to 23 years, along with fines totaling 20 million rubles. During raids, almost 1 ton of drugs was seized.