# Algodex reveals wallet infiltrated by ‘malicious’ actor as MyAlgo renews warning: Withdraw now

Admin3 years ago06 mins

” Algodex reveals wallet infiltrated by ‘malicious’ actor as MyAlgo renews warning: Withdraw now “ Algorand-based wallet provider MyAlgo has again urged users to withdraw their funds after a February security breach which doesn’t appear to have been resolved. Update: Funds are still being actively drained from MyAlgo users. https://t.co/fzkS9PFkAm pic.twitter.com/cgrWigu2Wn — ZachXBT (@zachxbt) March…

# Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting .3M

# Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M

Admin3 years ago07 mins

” Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M “ One of the wallets associated with the $50 million exploit of Uranium Finance in April 2021 appears to have awoken after 647 days of dormancy, with funds headed towards crypto mixer Tornado Cash. The sudden move was highlighted on Mar. 7…

# Coinbase CEO hints its new layer-2 network could include AML measures

Admin3 years ago06 mins

” Coinbase CEO hints its new layer-2 network could include AML measures “ Coinbase chief executive Brian Armstrong has hinted that the firm’s new Layer-2 blockchain network Base may be subjected to transaction monitoring and anti-money laundering measures at launch. In an interview with Joe Weisenthal on Bloomberg Radio on Mar. 6, Armstrong acknowledged that…

# Tornado Cash dev says ‘sequel’ to crypto mixer aims to be regulator-friendly

Admin3 years ago07 mins

” Tornado Cash dev says ‘sequel’ to crypto mixer aims to be regulator-friendly “ A former Tornado Cash developer claims to be building a new crypto mixing service that aims to solve a “critical flaw” of the sanctioned crypto mixer — which he hopes will convince U.S. regulators to reconsider its position on privacy mixers….

# Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decision

Admin3 years ago05 mins

” Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decision “ Hermès International, the French luxury fashion house, has requested a Manhattan federal court to block artist Mason Rothschild from marketing or owning his “MetaBirkin” non-fungible tokens (NFTs) following a recent jury decision that found Rothschild had violated Hermes’ trademark rights…

# Investor concerns persist as crypto investment products see 4th week of outflows

Admin3 years ago04 mins

” Investor concerns persist as crypto investment products see 4th week of outflows “ On Mar. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that Investors have continued to display negative sentiment toward crypto investment products, with outflows totaling $17 million. The negative sentiment was primarily focused on…

# Iran completes pre-pilot phase of central bank digital currency

Admin3 years ago05 mins

” Iran completes pre-pilot phase of central bank digital currency “ Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial. The Central Bank of Iran (CBI) has successfully completed a pre-pilot phase in the development of Iran’s CBDC, according to an…

# Pakistan banks agree on blockchain-based KYC system development

Admin3 years ago04 mins

” Pakistan banks agree on blockchain-based KYC system development “ Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives. On March 2, PBA signed the project contract for developing Pakistan’s first blockchain-based national eKYC…

# Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko

Admin3 years ago07 mins

” Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko “ Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% from 2021, while investments into centralized finance projects went the other way — falling 73% to $4.3 billion over the same timeframe. The staggering rise in…

# Internal documents reveal Australia’s potential timeline for crypto legislation: Report

Admin3 years ago05 mins

” Internal documents reveal Australia’s potential timeline for crypto legislation: Report “ Crypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry — internal documents from the government have revealed. The documents, obtained by The…