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09-18 | Sun
News

SushiSwap’s token launchpad, MISO, hacked for $3M

Joseph Delong, chief technology officer of decentralized finance (DeFi) platform SushiSwap, announced that a hacker compromised the supply chain of its token launchpad platform, MISO. According to Delong, the “anonymous contractor with the GH handle AristoK3 injected malicious code into the Miso front end,” replacing the auction wallet address with their own and subsequently acquiring 865 Ether (ETH), valued at $3 million. This data can be verified via EtherScan. The hacker exploited the single target of the Jay Pegs Auto Mart token auction, a parody NFT project imitating the value of a 2007 Kia Sedona.

Tom Farren 15:34

News

Texas and New Jersey regulators go after Celsius Network

The Texas State Securities Board has filed for a hearing with the potential to impose a cease and desist order against crypto lending firm Celsius Network for not offering securities licensed at the state or federal level, while the New Jersey Bureau of Securities has ordered the platform to stop offering and selling interest-earning cryptocurrency products. According to a Sept. 17 filing, the Texas regulator will be holding a hearing related to allegations that Celsius Network is offering and selling securities in Texas that are not registered or permitted in addition to not registering as a dealer under the state’s Securities Act. Should the judge accept that the platform’s offerings represented unlicensed securities, Celsius Network may be subject to a cease and desist order. On the same day, the New Jersey Bureau of Securities announced that it had issued a cease and desist order against Celsius for allegedly “funding its cryptocurrency lending operations and proprietary trading at least in part through the sale of unregistered securities in violation of the New Jersey Securities Law.” According to the state regulator, the platform raised roughly $14 billion from those sales.

Turner Wright 15:17

News

200 smart contracts on Cardano... but there’s a catch

More than 200 smart contracts have been listed on the Cardano blockchain explorer following the Alonzo upgrade on Monday — but there’s a catch.  As of now, the 200 smart contracts listed are in timelock and cannot be used by developers until they’re released. The Vercel App currently puts the number of smart contracts readying to be launched at more than 2,200.

Brian Newar 15:11

News

$1.2B in Ether withdrawn from centralized exchanges in record daily outflow

More than $1 billion worth of Ether (ETH) has been removed from centralized exchanges in the past 24 hours, leading to speculation about imminent price gains for Ether as supply shrinks on many trading venues. According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth of ETH was withdrawn from centralized exchanges on Thursday to mark a new record in short-term outflows from exchanges. IntoTheBlock noted that Ether’s price rallied by 60% in the 30 days after $1 billion was pulled from centralized trading platforms in April.

Samuel Haig 15:08

News

DCG-backed Korean exchange faces closure if it can’t find banking partner

South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for platforms to submit their requests for an official operating license. To be eligible for a license, all crypto exchanges must show evidence that they are operating using real-name accounts at South Korean banks. The catch is that domestic banks have, for the most part, refused to engage in any risk assessment process for the country’s numerous small and medium-sized exchanges and have only been confident enough to service the country’s top four trading platforms: Upbit, Bithumb, Korbit and Coinone. The deadline for all license applications is now just one week away, on Sept. 24.  In a notice to users published on Friday, the Gopax team wrote that the exchange “is currently negotiating with a financial institution to establish a real-name verification deposit and withdrawal account,” as stipulated by the new regulatory regime. 

Marie Huillet 15:06

News

PayPal completes crypto trading rollout for UK customers

PayPal officially announced on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts. Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As announced previously, crypto trading will only be available to PayPal customers with verified identities. PayPal announced plans to move into the British cryptocurrency market in late August, immediately proceeding with a partial rollout of crypto trading services. The move marks the first expansion of PayPal’s cryptocurrency services beyond the United States.

Helen Partz 14:59

News

Bitcoin-based security token offering approved in Germany

German financial regulators have approved a security token offering (STO) based on a Bitcoin (BTC) sidechain. Germany’s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game publisher Exordium, making local retail investors eligible to participate in the sale on Stokr, a major European digital marketplace. German investors can invest in EXOeu via Stokr with a minimum investment amount of $100. EXOeu is the second STO ever approved for the German market on Stokr after BaFin approved an STO by parking network ParkinGO last year.

Helen Partz 14:57

News

Canadian politician says he supports Bitcoin as federal election looms

Maxime Bernier, founder and leader of the People's Party of Canada, has said he supports the adoption of cryptocurrencies in the country. In a Tuesday tweet, Bernier said cryptocurrencies are “another new and innovative way” to counter the actions by central banks, which he claimed are “destroying our money and economy.” The Canadian politician has criticized the Bank of Canada for “printing money” and called out Prime Minister Justin Trudeau for his economic policies. Bernier, a former cabinet minister known by some as Mad Max, has been outspoken in his criticism of vaccine mandates in Canada at a time when the number of COVID-19 cases in the country continues to rise. He has also advocated for ending lockdowns and mask mandates and against the rollout of a vaccine passport system.

Turner Wright 14:54

News

Finance Redefined: Maverick Vitalik in Time Mag, Sept. 13–17

Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Despite Cardano founder Charles Hoskinson's claim that the DeFi space is now “up for grabs,“ it was rival Vitalik Buterin who stole the headlines this week with a feature in Time Magazine. What you’re about to read is the smaller version of this newsletter designed for brevity. For the full version of DeFi’s developments over the last week — released a whole lot quicker than Cardano’s smart contracts — drop your email below.

Tom Farren 14:49

News

MonoX raise $5M to launch single-token liquidity pools

Automated market maker MonoX has today announced a debut capital raise of $5 million from venture firms including the likes of Axia8 Ventures, Animoca Brands, Divergence Ventures, among others. MonoX will use the funds to support its ambitions in reducing the capital and liquidity prerequisites for decentralized finance (DeFi) projects offering swap, lending, borrowing and derivative capabilities on decentralized exchanges (DEXes). The protocol will achieve this through the introduction of a single-sided liquidity model. Though not a revolutionary concept for liquidity pools, it will aim to support the DeFi ecosystem’s growth.

Tom Farren 14:47

News

Senator lobbies agencies over the use of crypto in ransomware

Some United States senators are ramping up the anti-crypto rhetoric again, urging federal agencies to take action against the illicit use of digital assets. Senator Maggie Hassan is the latest to raise concerns about the use of cryptocurrency as a means of payment for ransomware attacks. The Senate Homeland Security and Governmental Affairs Committee member sent a letter on Thursday to several agencies, including the Justice Department, the Department of Homeland Security, the Internal Revenue Service, the Securities and Exchange Commission, and the Treasury Department’s Financial Crimes Enforcement Network.

Martin Young 14:45

News

John Cena calls his own NFT sales a 'catastrophic failure'

Professional wrestler and actor John Cena said fans only purchased 7.4% of his World Wrestling Entertainment, or WWE, nonfungible tokens (NFTs) that he made available last month. Speaking at Florida Supercon 2021 on Sept. 12, Cena said it was a mistake to market his WWE NFTs as part of a package with physical collectibles — a hat, shirt, wristbands, belt, towel, autographed picture, and the digital collectible. The organization offered 500 gold tier packages with the NFT for $1,000, but only a fraction of them sold. “I talk a lot about failure — this idea failed,” said Cena. “Myself and the folks in the WWE thought $1,000 was a fair price point. We were wrong. We were absolutely wrong.”

Turner Wright 14:42

News

Former chief of Russia's Wex crypto exchange arrested in Poland

BBC Russia has reported that Dmitry Vasiliev, the former chief of Russian cryptocurrency exchange Wex, has been arrested in Warsaw, Poland. Wex, which was previously known as BTC-e, was a well-known "dark" exchange in the early days of the cryptocurrency industry. It is alleged to have laundered funds for numerous high-profile crypto hacks, including the notorious Mt. Gox incident. Although Vasiliev is regarded as innocent within Poland's jurisdiction, other countries such as Kazakhstan have an open fraud case against the elusive figure and as such, have reportedly engaged in discussions surrounding the possibility of extradition.

Tom Farren 14:29

News

Bybit crypto exchange suspends services in South Korea

Bybit, one of the world’s top cryptocurrency derivatives exchanges, will halt some of its services to South Korean users ahead of a licensing deadline. The exchange officially announced on Friday that it will discontinue Korean language support from its platforms as well as its official South Korean community on social media. The suspensions will take effect starting on Monday. "Korean traders may still use Bybit products and services. These products and services just won't be offered in the Korean language any more," a spokesperson for Bybit told Cointelegraph.

Helen Partz 14:26

News

NFT gaming company Animoca Brands acquires majority stake in Bondly

Animoca Brands, a nonfungible token (NFT) game developer, has announced a substantial investment in the NFT platform Bondly. According to a release issued on Friday, Animoca will own a majority stake in Bondly following the investment. Commenting on the rationale behind its investment in Bondly, Animoca chairman and co-founder Yat Siu told Cointelegraph:

Osato Avan-Nomayo 14:24

News

Ethereum network's hashrate is 670,059.35 GH/s,mining difficulty is 8,936.88T

According to data from eth.btc.com,ethereum network's hashrate is670,059.35 GH/s,mining difficulty is8,936.88T. ETH's price :$ 3,424.08 Avg Gas Price:127.00Gwei Pending Txs :130964

TokenPocket 10:10

09-17 | Sat
News

Cuba's cryptocurrency regulations take effect

Resolution 215 of 2021 issued by the Banco Central de Cuba (BCC) — the country’s central bank — recognizing cryptocurrencies like Bitcoin (BTC) is now in effect. According to Cuba’s official state news agency Prensa Latina, the order became official on Wednesday. With crypto legally recognized by the BCC, Bitcoin and other cryptocurrencies can now be used for commercial transactions and investments in Cuba.

Osato Avan-Nomayo 15:57

News

YouTuber trades Tesla Roadster for NFT

Dan Markham, the creator of the seven-million subscriber What’s Inside YouTube channel, has traded his Tesla Roadster for a single nonfungible token (NFT). In a Sept. 15 video on his What’s Inside Family channel, Markham exchanged a blue Tesla Roadster — which he estimated could be worth “a quarter-million dollars pretty soon” — for a nonfungible token of a “positive porcupine.” The NFT was a creation of the VeeFriends project and owned by Eli Burton, the artist behind The Adventures of Starman graphic novel. I am incredibly grateful to @garyvee and the @veefriends community.I traded my vee friends NFT epic positive porcupine for my dream car, the original Starman Tesla roaster.This was only possible because of vee friends. I love you guys. Thank you https://t.co/9KCIWhcDkI pic.twitter.com/YyDfpxdukd

Turner Wright 15:50

News

Estonian 'auto liquidation' DeFi platform Minterest raises $6.5m

Decentralized finance protocol Minterest has just secured $6.5 million in funding for a long-term yield optimization platform. The private fundraising round was contributed to by a number of venture capital companies including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital and others. The Estonian-based team intends to use the funding to develop the lending and borrowing protocol which it claims is “designed to make DeFi fairer for users.” Minterest uses a buyback mechanism that captures value and passes all of the revenue generated by the platform to its community.

Martin Young 15:36

News

$1.2B in Ether withdrawn from centralized exchanges in record daily outflow

More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation about imminent price gains for Ethereum as supply shrinks on many trading venues. According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth ETH was withdrawn from centralized exchanges on Sept. 16 to mark a new record in short-term outflows from exchanges. IntoTheBlock noted that Ether’s price rallied by 60% in the 30 days after $1 billion was pulled from centralized trading platforms in April.

Samuel Haig 15:29

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