Safeheron Fortnite Dispatch｜DEC 18 '22
12/19/2022
- Raydium liquidity pools got drained which may stem from a trojan attack and compromised private key for the pool owner account.
- Arbitrum-based cryptocurrency lending platform Lodestar Finance was hacked and nearly $7 million in assets siphoned off.
- Investment fund manager M31 Capital has chosen Anchorage Digital Bank to custody the $100 million Web3 Opportunity Fund.
- OpenZeppelin launched its metaverse security service with The Sandbox, becoming the first to sign up.
- Binance Custody integrates with Solana to have institutions secure assets in its cold storage solution.
- Zodia Custody rolled out a new service Interchange to help protect client assets from exchange insolvency.
- Wemade’s WEMIX Foundation is to complete the onboarding process to Binance Custody for storage and management of WEMIX.
- A US bankruptcy judge declined to immediately approve Galaxy Digital’s deal to buy a Celsius Network subsidiary GK8 for $44 million.
- Accounting firm BDO is reconsidering its work for crypto companies in common with several other professional service firms.
- Bitcoin Group agrees to buy german bank Bankhaus von der Heydt for more than $15M which is expected to be completed by third-quarter 2023.
- Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies and is doing due diligence.
- HashKey Group and SEBA Bank form strategic partnership to accelerate institutional adoption of digital assets in Hong Kong and Switzerland.
- French VC firm Partech has rasied fourth seed fund €120 million dedicated to early-stage tech startups.
- Coinbase, Inc. recently completed the SOC 1 Type 2 (“SOC 1”) and SOC 2 Type 2 (“SOC 2”) examinations for its prime broker, Coinbase Prime.
- OpenSea will transfer ownership of the Operator Filter Registry to a multi-sig controlled by a collective incl.
- SBF is charged with conspiracy, wire graud, money laundering by Justice Department, Securities Violations by SEC.
- Tea, an open source unified package manager for software developers, has added another $8.9 million in seed funding.
- Canadian Securities Administrators strengthen oversight of crypto trading platforms and announce view that stablecoins may be securities or derivatives.
- U.S. Attorney announces fraud and money laundering charges against the founders and promoters of two cryptocurrency Ponzi schemes, IcomTech and Forcount.
- The US Treasury Department’s financial crimes unit FinCEN is zeroing in on DeFi to evaluate the evolution of digital assets to try to discover any gaps in the current AML/CFT framework.
- International Settlements (BIS) has endorsed a global prudential standard for banks’ exposure which is 2% to crypto assets ans will implement it on January 1, 2025.
- The Financial Stability Board (FSB) has announced it will lay out firm steps to regulate the cryptocurrency industry in early 2023.
- Companies offering EU residents crypto services will need to report on transactions to tax authorities.
- A European Commission proposal for taxing crypto estimates that taxes on crypto assets could raise as much as $2.5 billion.
- Apple is gearing up to permit third-party app stores on its devices to allow European customers to buy NFT and crypto in compliance with new anti-monopolistic requirements from the European Union (EU).
- Britain's Treasury is finalising plans for a package to regulate the crypto industry, including limits on foreign companies selling into the country and restrictions on advertising.
- The U.K.’s Payments Systems Regulator is exploring how it can regulate the crypto sector, starting by looking at distributed ledger technology.
- Nexo secures its registration with the Ministry of Finance of Poland as a Virtual Assets Service Provider (VASP) in the country.
- France may compel crypto firms to get a full license to operate in the country from the financial regulator starting in October 2023.
- The Malta Financial Services Authority (MFSA) prepares to revise regulatory treatment of NFTs within its Virtual Financial Assets framework.
- Japan’s ruling political party agreed to ease corporate tax rules for virtual currencies, exempting companies from paying levies for paper gains on crypto coins that they hold.
- Binance delivered practical cryptocurrency training and workshops for investigators and prosecutors in Singapore, Malaysia, and Thailand.
- The Australian government has promised to establish a framework for the licensing and regulation of crypto service providers in 2023.