ETH for $ 3 million stolen from the SushiSwap platform for the sale of MISO tokens

Cryptocurrency NewsBy 17/09/2021

The developers of the SushiSwap decentralized exchange reported that 864 ETH was stolen from the platform for the sale of MISO tokens as a result of a hacker attack. According to a Twitter post by SushiSwap CTO Joseph Delong, the hacker exploited a vulnerability in the MISO platform during an auction for the sale of non-fungible tokens (NFT) and withdrew 864.8 ETH worth about $ 3 million. DeLonge stated that an anonymous contractor using the…

FCA: the number of complaints against cryptocurrency scammers increased by 222%

Cryptocurrency NewsBy 17/09/2021

Between April 2020 and March 2021, complaints about fraudulent cryptocurrency projects increased by 222%, according to the UK Financial Conduct Authority. The UK Financial Conduct Authority (FCA) has published research results related to investments in various projects, including cryptocurrencies. The regulator said that in April 2020 it received 176 requests related to cryptocurrency fraud, and by March 2021 this number had grown to 566. The agency suggested that this is partly due to the age…

Argo Blockchain enters the American stock exchange Nasdaq

Cryptocurrency NewsBy 16/09/2021

LSE-listed mining company Argo Blockchain entered the Nasdaq stock exchange with 7.5 million American depositary receipts under the ticker ARBK. 7.5 million American Depositary Receipts (ADR) are equivalent to 75 million Argo Blockchain common shares. Now Argo Blockchain shares are traded at 1/33 pound sterling ($ 1/84) apiece, from entering the Nasdaq the company can receive up to $ 138 million. At the moment, the capitalization of the mining company is estimated at $ 745…

Australian cryptocurrency exchanges are not afraid of competition from major platforms

Cryptocurrency NewsBy 16/09/2021

Australian cryptocurrency exchanges Swyftx, CoinSpot, CoinJar and BTC Markets said they are not afraid of competition with major trading platforms Kraken, Gemini and Binance, which entered the Australian market. Kraken, Gemini and Binance have set up subsidiaries in Australia over the past few years in an effort to “grab” a portion of the domestic market. Gemini began operations on this continent in mid-2019. In 2020, Kraken acquired the Australian trading platform Bit Trade to expand…

US government reiterates concerns over Diem stablecoin

Cryptocurrency NewsBy 15/09/2021

The rebranding of the Facebook Diem (formerly Libra) project did not impress the US Treasury and other regulators. They still fear that stablecoin is dangerous for the global financial system. Last week, Facebook Blockchain Development Manager David Marcus visited Washington DC and met with regulators. One of the goals of his trip was to educate regulators about the value of Diem stablecoin, how it can help people without access to banking services, and to discuss…

China’s Hebei and Gansu Provinces Will Ban Cryptocurrency Mining

Cryptocurrency NewsBy 15/09/2021

Two more provinces in China, Hebei and Gansu, have joined the cryptocurrency mining ban. Similar restrictions have already been imposed in Xinjiang, Inner Mongolia, Qinghai, Yunnan and Sichuan. Chinese regulators: National Coordination Center for the Development of Computer Network Emergency Technologies, PRC Internet Information Administration, Education and Public Security Departments, Provincial Financial Supervision and Administration Bureaus, and provincial divisions of the People’s Bank of China and the Communications Administration, issued a joint directive on measures…

MasterCard announced on the purchase of the CipherTrace blockchain analytics service

Cryptocurrency NewsBy 14/09/2021

One of the world’s largest payment systems, MasterCard, continues to expand in the cryptocurrency industry with the acquisition of analytical company CipherTrace. Using the developments of CipherTrace, the payment company plans to improve its own systems in the field of information security. In addition, CipherTrace solutions will help refine the MasterCard platform to support cryptocurrencies and ensure better regulatory compliance. “Digital assets can transform commerce, transform the economy, and make them more efficient. The rapid…

Litecoin rose $ 67 after fake news about collaboration with Walmart

Cryptocurrency NewsBy 14/09/2021

The LTC rate jumped to $ 240 and soon fell back after the appearance of false data about the alleged readiness of the American retail chain Walmart to accept LTC. Walmart and Litecoin have denied this information. Initially, a press release about the Walmart-Litecoin partnership was posted on the Global Newswire website, which various companies provide materials for publication. The press release indicated that Walmart will begin accepting Litecoin as payment starting October 1. The…

American pension funds will invest $ 50 million in bitcoin

Cryptocurrency NewsBy 13/09/2021

Two pension funds from the US state of Virginia have submitted applications to the regulator for approval of investments in the main fund Parataxis Capital Management, which directly buys cryptocurrencies. The Fairfax Police Pension Fund and the Fairfax Civil Servants Pension Fund have previously invested in the cryptocurrency industry through Morgan Creek funds. However, most of the fund’s funds are invested in companies operating in the blockchain and cryptocurrency industries. The Parataxis Fund, on the…

Financial Times: $ 2.6 Billion Crypto Assets Will Be Destroyed Due to South Korean Exchanges Closure

Cryptocurrency NewsBy 13/09/2021

According to industry experts, the closure of most of the small exchanges in South Korea due to the new regulation could lead to the destruction of forty-two “Kimchi cryptoassets.” According to the Financial Times, $ 2.6 billion worth of crypto assets could be destroyed after the September 24 deadline for registering cryptocurrency exchanges in South Korea. On March 25, 2021, amendments to the Financial Institutions Reporting Act (FTRA) came into force, which require exchanges to…

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