Cryptang News

Daily Crypto Digest.
#crypto #currency #btc

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#Coinbase will spend about $100 million to improve exchange compliance.

The company will pay a $50 million fine to the #NewYork State Department of Financial Services for violating financial services and banking laws, and will invest $50 million to fix its compliance program.

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Crypto-bank #Silvergate liquidated $718 million in debt it held on its balance sheet at a loss. Such measures were taken amid a tremendous demand for withdrawals after the #FTX bankruptcy. The company's clients withdrew about $8.1 billion.

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According to #CoinMetrics, there were $8.2 trillion worth of transactions on the #bitcoin network in 2022. On average, the network processed $260,000 per second.

The largest number of #transactions were made in May and June.

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#Indonesia will launch its own national #cryptocurrency exchange in 2023.

The head of Indonesia's Commodity Futures Regulatory Agency (Bappebti), Didid Noordiatmoko, said the #crypto exchange is part of a broader financial reform launched in December 2022.

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Analyst firm #Dedaub discovered a critical vulnerability in Uniswap that allows users to re-enter and drain funds in the middle of a transaction.

#Uniswap developers have already solved the problem and re-deployed Universal Router #smartcontracts in all their chains.

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Gaming company #Square Enix said it will focus on blockchain #games in 2023. The company's president, Yosuke Matsuda, said.

"Our focus is on #blockchain entertainment, to which we have dedicated active investment and business development efforts," Matsuda wrote.

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In the #Ukrainian network of pharmacies ANC now you can pay with #cryptocurrency.

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Decentralized exchange #SushiSwap will end support for two of its projects, the #Kashi credit platform and the #MISO token launch panel.

Chief Technology Officer Matthew Lilly said that both projects were unprofitable, poorly designed and lacked sufficient resources to develop.

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Hive #Blockchain mining company has deployed its first devices based on #Intel Blockscale chips.

These chips allow mining companies to design devices to their own specifications and improve the efficiency of the miner as a whole.

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According to The Block, crypto exchanges ended 2022 with the lowest trading volume in two years.

The seven-day moving average of volumes reached only $352.6 million.
#btc #bitcoin #crypto

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The Binance exchange has added the ability to buy cryptocurrency using Google Pay and Apple Pay.

According to the company, this integration will make digital assets more accessible to the masses of users.
#binance #googlepay #applepay

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Ethereum founder Vitalik Buterin expressed words of support for Solana blockchain, which has suffered significantly amid the collapse of FTX.
#ethereum #solana #ftx

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The Central Bank of Turkey (CBRT) has piloted the digital Turkish lira.

The CBRT successfully conducted the first payment transactions on the central bank's own digital currency network (CBDC) as part of the initial testing phase.
#turkey #turkeycrypto #turkeycurrency

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Today, Binance has 7,500 employees and a user base of more than 120 million people.

In addition, the company has received 14 licenses from regulators on five continents.
#binance #bnb #bitcoin

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BMW has partnered with Coinweb to integrate blockchain into its operations.

Coinweb will develop a Web3 application for BMW's Thailand-based customer loyalty program.
#bmw #web3 #coinweb

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MicroStrategy will introduce Lightning Network-based enterprise solutions as early as 2023.
#lightning #btc #microstrategy

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HSBC Bank has filed trademark applications focusing on cryptocurrencies, metacurrencies and NFT.

According to the application, HSBC plans to expand a number of its digital services, including those related to the exchange and transfer of virtual currencies.
#hsbc #nft #metaverse

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In early December, rumors circulated at Art Basel that the DeGods team had asked the Solana Foundation for $5 million to stay on the blockchain. A Solana Foundation representative confirmed this information to CoinDesk.
#degods #solana #sol

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Hong Kong Financial Secretary Chen Maobo said the government will issue tokenized green bonds for institutional investors.

The official also noted that the government is actively working on the regulatory framework for digital assets and Web3.
#hongkong #web3 #crypto

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Credit platform Genesis owes its lenders more than $3 billion.

According to the Financial Times, this debt has prompted Genesis' parent company, Digital Currency Group (DCG), to consider selling part of its $500 million venture capital portfolio.
#genesis #money #currency