The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Amber Group acquires cryptocurrency platform Sparrow exchange: report
The news comes after Amber Group reportedly pulled back expansion plans due to financial exposure in the FTX collapse.
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people.
How hard has this bear market been for Bitcoin mining? Watch Market Talks on Cointelegraph
Join us as we discuss the current state of the crypto market, particularly in terms of the current bear market and Bitcoin mining. Hosting the show will be Ray Salmond, head of markets at Cointelegraph, and our special guest this week is Drew Vosk.
Ethics 101: Should crypto projects ever negotiate with hackers?
“A highly profitable trading strategy” was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11.
By manipulating the price of the decentralized finance protocol’s underlying collateral, MNGO, Eisenberg and his team took out infinite loans that drained $117 million from the Mango Markets Treasury.
Desperate for the return of funds, developers and users alike voted for a proposal that would allow Eisenberg and co. to keep $47 million of the $117 million exploited in the attack. Astonishingly, Eisenberg was able to vote for his own proposal with all his exploited tokens.
This is something of a legal gray area, as code is law, and if you can work within the smart contract’s rules, there’s an argument saying it’s perfectly legal. Although “hack” and “exploit” are often used interchangeably, no actual hacking occurred. Eisenberg tweeted he was operating within the law:
“I believe all of our actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are.”
Ethics 101: Should crypto projects ever negotiate with hackers?
“A highly profitable trading strategy” was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11.
By manipulating the price of the decentralized finance protocol’s underlying collateral, MNGO, Eisenberg and his team took out infinite loans that drained $117 million from the Mango Markets Treasury.
Desperate for the return of funds, developers and users alike voted for a proposal that would allow Eisenberg and co. to keep $47 million of the $117 million exploited in the attack. Astonishingly, Eisenberg was able to vote for his own proposal with all his exploited tokens.
This is something of a legal gray area, as code is law, and if you can work within the smart contract’s rules, there’s an argument saying it’s perfectly legal. Although “hack” and “exploit” are often used interchangeably, no actual hacking occurred. Eisenberg tweeted he was operating within the law:
“I believe all of our actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are.”
Ethics 101: Should crypto projects ever negotiate with hackers?
“A highly profitable trading strategy” was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11.
By manipulating the price of the decentralized finance protocol’s underlying collateral, MNGO, Eisenberg and his team took out infinite loans that drained $117 million from the Mango Markets Treasury.
Desperate for the return of funds, developers and users alike voted for a proposal that would allow Eisenberg and co. to keep $47 million of the $117 million exploited in the attack. Astonishingly, Eisenberg was able to vote for his own proposal with all his exploited tokens.
This is something of a legal gray area, as code is law, and if you can work within the smart contract’s rules, there’s an argument saying it’s perfectly legal. Although “hack” and “exploit” are often used interchangeably, no actual hacking occurred. Eisenberg tweeted he was operating within the law:
“I believe all of our actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are.”
Mysterious initial deposit allegations surface after Binance token delisting announcement
Users initially panned Mithril's return of deposit allegation until an original Binance listing document came to light that raised further questions.
BTC price levels to watch as Bitcoin dives below $17.5K post-FOMC
Bitcoin is rapidly taking out near-term support levels as an FOMC comedown sees BTC price grab liquidity.
BTC price levels to watch as Bitcoin dives below $17.5K post-FOMC
Bitcoin (BTC) is trending down after hitting one-month highs around the latest macroeconomic data and policy update from the United States.
Having topped out at around $18,370 on Bitstamp on Dec. 14, BTC/USD is now giving back its gains, leading traders to eye where the next reversal may occur.
Opinions differ — some warn that support levels for bulls to hold are already tumbling, while others believe that recent events are just another dot on the path to much lower levels.
Cointelegraph takes a look at what some popular commentators are looking next for when it comes to short-term BTC price action.
Michaël van de Poppe: $17,200 must hold for shot at $20,000
Having called the macro market reaction to the Federal Reserve “relatively boring” this week, Michaël van de Poppe, CEO and founder of trading firm Eight, says support levels are already close for BTC/USD.
Blockchain indexer The Graph says adoption is still strong two years after mainnet launch
More than 10,000 delegators have since joined the blockchain indexing network.
Hong Kong crypto futures ETFs raise over $70M ahead of debut
The CSOP Bitcoin Futures ETF has raked in $53.8 million while the CSOP Ether Futures ETF has collected $19.7 million in initial investments.
Microsoft bans cryptocurrency mining on cloud services
Microsoft now requires users to obtain a written pre-approval from the firm in order to use Microsoft Azure for mining cryptocurrencies like Bitcoin.
France may oblige crypto platforms to obtain licenses
French Parliament will discuss the amendment, canceling the favorable treatment of crypto companies, in January 2023.
FCA’s incoming chair calls for further crypto regulation
The new chair of the UK’s FCA makes condemnatory comments about cryptocurrencies ahead of his tenure in 2023.
Opera launches security tools to protect users against malicious Web3 actors
The browser also features the ability to enable HTTPS everywhere, bringing an extra layer of protection and making sure the websites people visit use proper encryption protocols.