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Australia sues blocker, hacker steals $42M from founding partner Fenbushi, DBS completes buyback transaction on blockchain-based network

Australia sues blocker, hacker steals $42M from founding partner Fenbushi, DBS completes buyback transaction on blockchain-based network

Source: AdobeStock/adragan

Get a daily brief digest of news related to crypto assets and blockchain – explore stories that did not make it into today’s crypto news.
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legal news

  • Australian Securities and Investments Commission (ASIC) sues blocker, alleging that the fintech company provided unlicensed financial services and operated an “unregistered managed investment scheme”. According to the announcement, “ASIC is seeking pleas, injunctions and monetary penalties from the court.”

Security News

  • Bo Shen, founding partner of a venture capital firm Fenbushy Capital, disclosed that on November 10, hackers stole $42 million in cryptocurrency from his personal wallet. Most of the stolen funds, about $38 million, were in the USDC stablecoin. He added that the stolen assets are personal funds and do not affect any entities associated with Fenbushi.

banking news

  • Financial Services Group DBS said it became the first bank in Asia to complete an intraday buyback transaction on a blockchain-based network. The deal was completed on JPMorganintraday redemption order for Onyx digital assets. This provides instant, atomic settlement and allows repos to be traded, settled and repaid within hours, rather than the current industry norm of one to two business days, according to a press release.
  • Two major European fintech companies – HYIP as well as bitpanda – united, stating that “HYPE’s 1.7 million clients will soon be able to invest in over 2,500 assets, including fractional stocks, ETFs, and precious metals, with any budget, 24/7” through the Bitpanda White Label solution.

Investment News

  • Calypso Payplatform for processing and acquiring cryptocurrencies Calypso Group, said it added support for the Lightning Network, enabling “almost free and near-instantaneous” bitcoin (BTC) transfers. According to the press release, along with Lightning, “Calypso Pay uses automated transaction generation and mempool analysis to deposit funds before they are placed in a block to provide near-instantaneous settlement that the Bitcoin network could not provide.”

CBDC news

  • Bank of Japan (BoJ) will partner with three mega-banks and the country’s regional banks on its planned digital yen experiments, the Nikkei reported. The pilot project aims to provide demonstration experiments for issuing a central bank digital currency (CBDC) starting in spring 2023. The banks are not named, but “three mega banks” in Japan usually means Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc.as well as Mizuho Financial Group Inc.

Mining News

  • foundry digitalwholly owned subsidiary Group of digital currencies focusing on digital asset mining and staking, announced it has entered into an asset purchase agreement to acquire two off-the-shelf mining facilities for cryptocurrencies and other assets, with an option to acquire a third facility under development from a major computing infrastructure company. Calculate North.

Web3 news

  • Web3 network peak announced a strategic partnership with the Web3 platform ocean protocolto unlock data services for artificial intelligence and business innovation. As part of the partnership, peaq links the machine-generated goods and services economy with the Ocean Protocol data marketplace and provides a set of data monetization tools for developers building decentralized applications (dapps) on the peaq network, the announcement said.

DeFi News

  • OpenZeppelinsmart contract security solution provider announced a new partnership with zxink developer Matter Laboratories. The announcement states that OpenZeppelin will apply its security auditing and monitoring expertise to zkSync 2.0, a zero-knowledge (ZK) rollup package compatible with the Ethereum Virtual Machine (EVM). Over the course of four weeks, OpenZeppelin audited Matter Labs’ Layer-1 zkSync 2.0 building block and concluded that the project has no critical issues so far.
  • Decentralized Exchanges (DEX) drift protocol, GMXas well as Eternal Protocol teamed up to create an aggregated dashboard and provide more information about the financial health of their protocols to institutional and retail users, the announcement said. The new dashboard will provide information on evidence of deposits, protocol insurance funds, borrowing levels, and outstanding unrealized gains and losses. The collective invites other DEXs, committing to provide this platform at a cross-protocol level.

Written by khirou

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