US gets another idea on crypto regulation, $9 million returned to Nomad, Zipmex ‘stabilizes’ + more news
Get your daily, bite-sized summary of cryptoassets and blockchain-related news – examine the stories that fly under the radar of today’s crypto news.
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Regulatory news
- USA Commodity Futures Trading Commission (CFTC) would take the lead role in overseeing bitcoin (BTC) and ethereum (ETH) and the platforms where they are traded under a new bill from Senators Debbie Stabenow and John Boozman, The Washington Post reported. Oversight of the remaining cryptoassets will be shared between the CFTC and the United States The Security and Exchange Commission (SEC), although the process for making these decisions is not yet clear, it added.
Security news
- Blockchain security company PeckShield so it has discovered that around 9 million USD has been returned to the messaging protocol across chains Nomads Funds Recovery Address, after yesterday’s attack, including ETH 100, USDC 3.78m, USDT 2m, WETH 200, DAI 150,000, etc.
- North Korean fraudsters are plagiarizing online resumes and pretending to be from other countries to get remote work at US crypto firms to help the government raise money, according to security researchers at Mandiant Inc.Bloomberg reported.
Exchange news
- Problems with crypto exchange Zipmex announced that it has started releasing “unaffected digital assets” solana (SOL), cardano (ADA) and XRP to users’ wallets, “after stabilizing the situation” following Celsius– and Babel Finance-related matters. SOL was released on Tuesday, while XRP and ADA are scheduled for Thursday and the following Tuesday respectively.
Wallets news
- MEW (MyEtherWallet) has announced the launch of its cross-chain browser extension, Encryptbuilt with support from Web3 Foundation, which will support transactions across the Ethereum and Polkadot (DOT) ecosystems. At launch, Enkrypt will provide cross-chain access with the Polkadot ecosystem through integrations with parachains Acala and Moonbeam, along with all their accompanying network canaries. More parachains and Ethereum virtual machine (EVM) compatible chains will be added in the coming weeks, with ongoing support for native tokens, the team said.
NFT’s news
- The NFTs.com the domain name was acquired for US$15 million, according to DomainInvesting, citing a press release shared by a representative from Escrow.com. The agreement was brokered Domainer.com and Go dad, while the sale was facilitated by Escrow.com. The buyer and seller of NFTs.com are not publicly known at this time.
- NFT marketplace Magical Eden announced that it will add and integrate Ethereum NFTs into the platform. Since launching in September 2021, Magic Eden has seen over 90% of secondary trading volume and $2 billion in total trading volume for transactions on Solana NFT, their first supported blockchain, they said.
Investment news
- Salary levela US-based blockchain-enabled B2B (business-to-business) payments platform, has acquired Latin America-focused creditor startup Yaydoo, Axios reported. Together, the two companies serve 500,000 customers and have processed more than USD 5 billion in payment volume.
- Simon Seojoon Kim, South Korea’s well-known crypto investor and an early supporter of Terra, said he has not lost faith in the sector and plans to raise a third venture capital fund in the first half of next year, according to Bloomberg. VC firm Hashedwhere Kim is CEO, has deployed more than half of the KRW 240 billion (US$180 million) fund it raised in December, and will begin acquiring a new vehicle as soon as the rest is used up, Kim is quoted as saying.
- MarqVisionan artificial intelligence (AI) powered platform developer, announced that it has raised US$20 million in Series A funding, as investors recognize “the enormous problems created by the counterfeiting and theft of digital assets.” MarqVision will use the funds to advance product development beyond its brand protection platform to create a new IP operating system that also allows companies to create, manage, protect and monetize IP rights — all in one place, they said.
Mining news
- Riot Blockchain said it produced BTC 318 in July, down about 28% compared to July 2021. As energy demand in ERCOT (The Electric Reliability Council of Texas) hit all-time highs last month, the company said it voluntarily reduced energy consumption to ensure more power would be available in Texas.
- Singapore based Bitcoin miner SAI.TECH has halted its plans to expand into Kazakhstan, according to an SEC filing. The plans included a second phase of 90MW power supply cooperation in Kazakhstan, which was part of a 2021 agreement with Better Tech Limited. The company said it had received concerns from its power partners and hosting customers regarding operational stability and cost uncertainty as they relate to developments in Kazakhstan during the first half of 2022, while Phase II was already delayed due to the national unrest in the country.
Career news
- Trading app Robin Hood CEO Vlad Tenev said the company is reducing its workforce by approximately 23%. Employees from all functions will be affected, while the changes are particularly concentrated in the operations, marketing and program management functions, he said.
- Crypto service provider BitGo announced the promotion of Chen Fang to Chief Operating Officer and the appointment of Victor Tsou to Vice President of Engineering. Fang and Tsou will be responsible for driving BitGo’s operational strategy and execution and will both report to Mike Belshe, CEO of BitGo.
