Daily Crypto News
- Crypto market maker Wintermute loses $160 million in DeFi hack — Evgeny Gaevoy, the founder and chief executive of Wintermute, disclosed in a series of tweets that the firm’s decentralized finance operations had been hacked, but centralized finance and over the counter verticals aren’t affected. He said that Wintermute — which counts Lightspeed Venture Partners, Pantera Capital and Fidelity’s Avon among its backers — remains solvent with “twice over that amount in equity left.” He assured lenders that if they wish to recall their loans, Wintermute will honor that.
- Huobi Global strikes deal with AstroPay to extend fiat-to-crypto payments in Latin America — Huobi Global, one of the world’s leading cryptocurrency exchanges, has partnered with AstroPay, the online payment solution of choice for millions of users worldwide, to provide fiat-to-crypto payment services for Huobi Global users in Latin America. Through the partnership, AstroPay will facilitate a secure payment platform that will enable traders on Huobi Global to seamlessly purchase crypto assets using fiat currency.
- Luart Officially Rebrands To Arcnes As The Platform Looks To Be More Than Just An NFT Marketplace — Luart has announced an official rebranding to Arcnes, a move that will better position the NFT platform to innovate and grow to its fullest potential, and this is because Arcnes is more than just a marketplace; it’s a tool for blockchain-based gaming and NFT projects. In addition, the platform will assist project founders in successfully launching and selling their in-game assets alongside an unparalleled user experience.
- South Korea requests Interpol’s help in Terraform Labs crypto probe — South Korean prosecutors have asked Interpol to issue a fugitive alert for the founder of Terraform Labs as they investigate a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world.
- Chinese Crypto Tycoon-Backed Bitdeer Buys Asia’s ‘Fort Knox’ — Wu’s Bitdeer Technologies Holding Co. spent S$40 million ($28.4 million) buying Le Freeport, a maximum-security vault in Singapore, according to people with knowledge of the matter who asked not to be identified because the transaction was private. Dubbed Asia’s Fort Knox, Wu acquired the repository for fine art, precious gems, and gold and silver bars, from shareholders led by Swiss art dealer and founder Yves Bouvier, the people said.
- Crypto Investors Yanked Money From ETH Products Despite a Smooth Ethereum Merge — ETH’s price has fallen significantly since the Merge — which has been heralded as an event that could lure more large investors to the ecosystem — even though the perilous upgrade went smoothly. About five days before the transition took place on Sept. 15, ETH approached $1,800. It sank below $1,300 today.
- ICO Promoter Ian Balina Charged With Violating Federal Securities Laws — Crypto promoter Ian Balina has been charged with violating U.S. securities laws for his role in promoting — and later reselling — tokens connected to a 2018 initial coin offering (ICO). In a complaint filed Monday in the Western District of Texas’s Austin Division, the U.S. Securities and Exchange Commission (SEC) said Balina promoted an unregistered securities offering for SPRK tokens between April and July of 2018, and did not disclose that he was paid by the Cayman Islands-based issuer, Sparkster Ltd., to do so.
- Financial watchdog warns UK crypto fans to be wary of dealing with Sam Bankman-Fried’s exchange FTX — The UK’s financial watchdog has warned Brits against dealing with Sam Bankman-Fried’s crypto exchange FTX as it steps up its attempts to regulate offshore digital asset firms. The Financial Conduct Authority said Friday that FTX has promoted its platform and services in the UK without its consent. “We believe this firm may be providing financial services or products in the UK without our authorization,” the regulator said in a statement.
- Bitcoin Miner Bitfarms Starts Production in Argentina, Increases Hashrate to 4.1 EH/s — Bitcoin (BTC) miner Bitfarms (BITF) started production in Argentina, increasing its computing power, or hashrate, to 4.1 exahash/second (EH/s). The Canadian miner added 10 megawatts (MW) of power capacity to its portfolio, but it aims to bring online a total of 50 MW in 10 MW increments in one warehouse in Argentina by the end of the year, according to a press release on Monday. Bitfarms started construction of a second 50 MW warehouse in the country, which is expected to be completed at the start of the second quarter of 2023, the press release said.
- India’s WazirX to delist USDC, apply auto convert to Binance’s stablecoin — WazirX, India’s largest cryptocurrency exchange by trade volume, said it has stopped deposits of stablecoins USDC, USDP and TUSD, and will automatically convert users’ existing balances to Binance’s USD-backed stablecoin BUSD at a 1:1 ratio.
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