FSA Japan will submit a bill to regulate stablecoins in 2022

Cryptocurrency NewsBy 08/12/2021

Japan’s Financial Services Authority is drafting a bill to regulate the issuance of stablecoins ahead of the launch of the digital yen, which is slated for late 2022. According to Nikkei Asia, the draft law, which will be presented by the Japanese Financial Services Agency (FSA), will spell out restrictions on the issuance of stablecoins for banks and wire transfer companies. The bill should help protect investors’ assets and reduce the risk of using stablecoins.…

Google accused “Russian hackers” of spreading a botnet using the Bitcoin blockchain

Cryptocurrency NewsBy 08/12/2021

Google has filed a lawsuit against the founders of Glupteba Enterprise Dmitry Staroviko and Alexander Filippov, accusing them of cryptojacking and data theft. Google reported on a civil lawsuit filed on December 7 against Russian citizens Dmitry Staroviko and Alexander Filippov, as well as 15 unidentified persons in using the Glupteba botnet on victims’ computers for hidden mining, stealing personal data of users in order to sell to third parties, purchase goods and services using…

Chilean Senate Receives Bill on Recognizing Bitcoin as a Means of Payment

Cryptocurrency NewsBy 07/12/2021

Chilean lawmakers are considering a proposal to recognize bitcoin as legal tender. According to analysts, the chances of parliamentary approval of the new law are low. In early November 2021, MP Karim Bianchi introduced a bill to the Chilean Senate to recognize and regulate the use of bitcoin as a means of payment on a par with the Chilean peso. The politician believes that the new law will provide a legal basis for subsequent regulatory…

Not gold anymore? Why Evergrande’s default crashed the cryptocurrency market by more than 20%

Cryptocurrency NewsBy 07/12/2021

On Saturday morning, there was information about a possible default on the bonds of the Chinese developer Evergrande Group. Investors in a panic collapsed bitcoin by 25%, but the fun begins on Monday. On Saturday, December 4, a statement by the Chinese construction company China Evergrande Group appeared on the network, where it warned shareholders and investors about the impossibility of guaranteeing the fulfillment of financial obligations and payment of interest on bonds of $…

Hackers stole over $ 150 million in cryptocurrencies from the Bitmart exchange

Cryptocurrency NewsBy 06/12/2021

As a result of the cyber attack, the Bitmart marketplace lost $ 100 million in air and $ 50 million in other cryptocurrencies. Cybersecurity firm Peckshield, which specializes in blockchain security, tweeted on December 5 that cryptocurrency exchange Bitmart has been cyberattacked. Hackers hacked cryptocurrency wallets and stole assets worth about $ 200 million from the exchange. The exchange itself reported smaller losses. Peckshield initially discovered the theft of $ 100 million worth of ether.…

NFT Studios will produce the first feature-length film in Hollywood with proceeds from the sale of NFT

Cryptocurrency NewsBy 06/12/2021

Startup NFT Studios is scheduled to shoot the first feature-length feature film in Hollywood history in 2022, fully funded by the sale of NFT. NFT Studios, with the support of UK PLC NFT Investments, is releasing a limited series of non-fungible tokens (NFT) dedicated to the new cinematic project. The proceeds from the sale of NFT will fund the comedy drama A Wing and a Prayer. The film is based on the true story of…

IDEX launched a hybrid decentralized exchange on Polygon

Cryptocurrency NewsBy 03/12/2021

The non-custodial marketplace IDEX has announced the launch of a new version of v3 Hybrid Liquidity DEX on Polygon. This will help eliminate the main disadvantages of DeFi: front-running and price slippage. The hybrid model will combine traditional order book functions with automated market maker (AMM) liquidity pools to provide high financial returns for liquidity providers. In addition, the exchange will provide users with the ability to use stop losses and limit orders. According to…

More than $ 60 million in cryptocurrencies was stolen from the DAO Badger project

Cryptocurrency NewsBy 03/12/2021

Badger’s Decentralized Autonomous Organization (DAO) attacked via an exploit in a smart contract. Moreover, only one user lost 896 BTC ($ 51 million). DAO Badger announced on Twitter that on December 2, a hacker attacked the Ethereum protocol via the smart contract address 0x1fcdb04d0c5364fbd92c73ca8af9baa72c269107. As a result of the cyber attack, users lost $ 10.6 million in cryptocurrencies. In the comments to the developers’ message, information appeared that only one of the users lost 896…

Minister of Economic Security of Japan urged to speed up the launch of the digital yen

Cryptocurrency NewsBy 02/12/2021

The successes of other countries in the development of the state digital currency are forcing the Japanese authorities to accelerate the creation of the digital yen in order to preserve economic security. Japanese Minister of Economic Security Takayuki Kobayashi called for accelerating the launch of the state digital currency. This is due to the fact that many countries, including China, have already made great strides in this direction. “We need to think about what could…

InnoSilicon started supplying ASIC miners for mining ETH A11 Pro

Cryptocurrency NewsBy 02/12/2021

Chinese manufacturer of computer and mining equipment InnoSilicon began supplying ASIC miners for mining ETH A11 Pro, but the efficiency of the device turned out to be lower than stated. According to the description on the company’s website, the miner’s hash rate is 2,000 Mh / s with an energy consumption of 2.5 kW / h. This is 30% more efficient than the best models for mining ETH. However, the Chinese distributors who received the…

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