New York City Attorney General (USA) Letitia James issued an official statement in which she invited all employees of the crypto industry who may have witnessed fraud or misconduct to write a statement to address the situation. She issued a request to investors not to hush up cases of fraud and crime. The officer of the law...
The developers of the cross-chain decentralized finance (DeFi) protocol Nomad have confirmed reports that hackers have exploited an intelligent contract vulnerability. They revealed the details of the incident. The creators of the startup confirmed that: according to preliminary estimates, $190 million was stolen. According to security experts, the Nomad cross-chain bridge was hacked early in the morning...
Socios platform owner Chiliz has invested $100 million in NFTs and the FC Barcelona metaverse. It has acquired a 24.5% stake in Barça Studios, the digital content creation arm of the Spanish football giant. Socios representatives say the deal aims to develop the club's Web3 ecosystem, including new products and features. Recall that in 2020, Barcelona decided to issue tokens for fans. In...
The New York Supreme Court has ordered the police department to release law enforcement records using facial recognition technology against Black Lives Matter protesters. Amnesty International writes about this. According to human rights activists, this will allow a thorough investigation of the purchase and use of facial recognition technology by law enforcement officers throughout New York. “It...
Market analysts noted that the cryptocurrency sector lost almost 3% of capitalization in just a day (as of 12:00 Moscow time on August 2, 2022). Experts stressed that all the world's leading assets have fallen in price. First, this affected Bitcoin (BTC) and Ethereum (ETH). The flagship cryptocurrency has lost about 2% in value per day. Its price fell...
According to a company blog post, U.S. customers of Coinbase Prime now have Ethereum staking. “Customers can create a wallet, decide on an amount, and start staking from the ETH Assets page of their Coinbase Prime account,” the firm wrote. Data: Coinbase Blog. The funds will be placed in the cold storage of the institutional platform. Coinbase Prime also features...
Self-proclaimed Satoshi Nakamoto Craig Wright won a case against Bitcoin podcast host Peter McCormack. The High Court of Great Britain awarded compensation for £1, pointing to the provision of "knowingly false testimony." According to the verdict, it would have been "unnecessary" for Wright to receive more than a token amount since his argument guaranteed "more than a mere...
Starting August 15, 2022, the US division of the Binance exchange will close trading in the Amp (AMP) token. This is stated in the message of the company. Earlier, the US Department of Justice announced the arrest of former Coinbase product manager Ishan Wahi and two of his accomplices on charges of insider trading fraud. The US Securities and Exchange Commission (SEC) filed...
The UK Financial Conduct Authority (FCA) has approved stricter rules to combat misleading advertising associated with high-risk investment products. This is stated in the press release. The requirements do not affect cryptocurrencies. According to the FCA, the final rules for the promotion of digital assets will be approved after the government and parliament confirm that this area is within the...
Some countries want to create a separate order book (liquidity) to effectively protect consumers. The CEO made this conclusion of Binance, Changpeng Zhao, based on the results of interaction with regulators. “This is a bad idea for a number of reasons ,” he stressed. Zhao is convinced that ordinary users will suffer if it is implemented. They will lose tight...
