- Indonesia Crypto-Stock Exchange, Clearing House Goes Live After Long Delays
Indonesia’s stock market and clearing house for digital assets is finally operational after multiple delays, according to a Thursday announcement from the country’s commodities regulator.
The government had initially planned to start operations by the end of 2021, but subsequent delays, the most recent in February, saw the launch pushed back. The long-awaited Nasdaq-style bourse for crypto has been operational since July 17, according to the announcement.
“The establishment of exchanges, clearing houses and managers of crypto asset storage is proof that the government is present in an effort to create a fair and fair crypto asset trading ecosystem to guarantee legal certainty and prioritize protection for the public as customers,” Didid Noordiatmoko, head of the Indonesian Commodity Futures Trading Supervisory Agency (Bappebti), said in a statement to the press.
- Canadians Are Having Crypto Stolen From Their Homes, Police Say
Canadian neighborhoods are being plagued by a wave of home-invasion style robberies in search of wealthy crypto investors’ private keys, according to local police.
According to the Royal Canadian Mounted Police (RCMP)’s website, a warning has been issued by police in Richmond and Delta about the rising trend, as “several robberies” of this nature have occurred.
Investigations are still ongoing, and police have not provided details regarding specific incidents, or the amount of cryptocurrency that’s been stolen.
Police are also yet to determine whether there’s a link between individual incidents, though a “discernible pattern” is emerging between each, authorities have said.
https://decrypt.co/149475/canada-crypto-stolen-homes-police
- Large Crypto Token Unlocks Drive Prices Lower Within Two Weeks, Research Suggests
If you have been following the crypto market for a while, you have probably heard of token unlocks. The process refers to staggered releases of specific amounts of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
Unlocks free up liquidity and are widely considered bearish, though some observers say they only accentuate the existing market trend.
New research by analytics firm The Tie shows coins, on average, declined in the lead-up to the event. However, when the liquidity freed up represented more than 100% of the average daily volume, prices quickly recovered, only to fall deeper within two weeks following the unlock. The firm conducted a study of over 350,000 unique unlock events involving more than 100 tokens.
https://www.binance.com/en/feed/post/834033
- Binance CEO warns of phishing scams as Uniswap founder gets hacked
Binance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks.
CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering scams. He also recommended cryptocurrency exchange users rely on hardware devices for two-factor authentication (2FA), instead of using mobile carrier-based 2FA for example.
“Best to enable 2FA with a hardware device (Yubikey) on all crypto exchanges,” Binance CEO wrote.
Zhao’s warning came shortly after Uniswap founder Hayden Adams had his Twitter account compromised on July 20. After taking over Adams’ account, the attacker attempted to scam his followers through a malicious link posted on his page. Members of Crypto Twitter have quickly identified and warned others against the scam.
https://cointelegraph.com/news/cz-binance-ceo-warns-of-phishing-scams-as-uniswap-founder-gets-hacked
- Samsung’s 3nm GAA Chip Discovered in Microbt’s Next-Gen Bitcoin Mining Rig
Microbt’s next-generation mining rig, the Whatsminer M56S++, reportedly employs Samsung’s latest semiconductor technology. Techinsights discovered the mining machine’s application-specific integrated circuit (ASIC) was made using Samsung’s SF3E process. The report highlights that although Samsung’s 3nm GAA semiconductor process has been available for about a year, no chips utilizing this technology have been found in the market until now.
Techinsights researchers state that the commercialization of GAA technology can aid in the production of 2nm chips and more. “This development is crucial because it has the potential to enhance performance, improve energy efficiency, keep up with Moore’s Law, and enable advanced applications,” Techinsights detailed. The report elucidates further, confirming suspicions that Microbt’s semiconductor supplier is indeed Samsung — a fact that has long been a subject of speculation.
https://news.bitcoin.com/samsungs-3nm-gaa-chip-discovered-in-microbts-next-gen-bitcoin-mining-rig/
- Move Over Shiba Inu: Crypto Community Flirts With Hamster Race Betting
Crypto traders have found a novel way to generate returns as bitcoin (BTC) remains flat and the decentralized finance (DeFi) sector fails to fully shake off the bear market lull.
Actual hamsters – the living, breathing, and oft-cute rodents – have been put to the races on the blockchain-based platform Hamsters.gg. “The hamsters are real and the bets are real. The hamsters are running on a track and the first hamster to cross the finish line wins,” the site explains.
Star hamster racers like “Rocky” and “Buster” are already drawing bets of up to $500 per race. Others like “CK” aren’t so lucky – losing 326 races; winning just 8. These races seem to occur every few hours, during which a chatbox lights up, drawing at least 1,000 viewers and complete with virtual beer and hotdog emojis.
- DoJ Accuses SBF of Leaking Caroline Ellison’s Diary to ‘Discredit a Witness’ in FTX Trial
U.S. prosecutors have requested that a federal judge issue an order to prevent Sam Bankman-Fried, the former CEO of the collapsed crypto exchange FTX, and other involved parties from making statements that could potentially interfere with a fair trial.
The move comes in the wake of a New York Times article that disclosed personal Google documents written by Caroline Ellison, who headed FTX’s affiliated trading company Alameda Research and is set to be “a star witness” in SBF’s trial in October.
In a Thursday filing, the DOJ asserts it is “apparent” that the documents were shared by Bankman-Fried, with whom Ellison had romantic relations. The prosecutors also said that his lawyers confirmed that the former FTX CEO had a personal meeting with one of the authors during which additional documents not previously disclosed to the government were shared.
- SOL, XRP Lead Slide in Crypto Majors As Bitcoin Slips Below $30K
Profit taking in bitcoin (BTC) contributed to a broader market drop as tokens of some of the largest blockchains, such as solana’s SOL fell as much as 8% in the past 24 hours, data shows.
Bitcoin dipped under $30,000 during European hours on Friday, even as broader traditional markets remained relatively unchanged. Ether (ETH) shed over 3%. Among other large caps, XRP fell as much as 6% in the past 24 hours, while Cardano’s ADA and Avalanche’s AVAX fell 4% in the same period.
Elsewhere, stellar’s XLM dropped 6.6% as traders likely took profits after a 10% rise over the past week. Chainlink’s LINK traded flat following a 15% rise on Thursday – buoyed by the introduction of its CCIP protocol earlier this week.
https://www.binance.com/en/feed/post/833915
- Kuwait bans crypto and virtual asset transactions
The state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin BTC tickers down $29,817.
On July 18, Kuwait’s main financial regulator, the Capital Markets Authority (CMA), issued a circular on the supervision and issuance of virtual assets in the country.
In the circular, the CMA confirmed the commitment to “absolute prohibition” on major use cases and operations involving cryptocurrencies, including payments, investments, and mining.
The circular also bans local regulators from issuing any licenses allowing firms to provide virtual asset services as a commercial business.
In the meantime, securities and other financial instruments regulated by the Central Bank of Kuwait and the CMA are excluded from the latest prohibitions, the announcement notes.
https://cointelegraph.com/news/crypto-kuwait-bans-crypto-and-virtual-assets-transactions
- Ark Invest Now More Confident in Bitcoin Reaching $1.5 Million, CEO Says
Ark Investment Management (Ark Invest) is now more confident in bitcoin’s price reaching $1.5 million per coin. The firm’s CEO, Cathie Wood, said in an interview with Bloomberg Monday:
Our confidence has increased toward the bull case.
The bull case Wood referred to was one of the three scenarios Ark Invest outlined in its annual Big Ideas 2023 that was published in February. In the firm’s base case scenario, the price of bitcoin is projected to reach $682,800 by the end of December 2030, while the bull case scenario envisions BTC soaring to $1.48 million in the same time period.
https://cointelegraph.com/news/binance-integration-bitcoin-btc-lightning-network
