Hack of a single multisig wallet could drain 12 Ethereum L2s of $121M

Russian government-backed corporation Rostec intends to cut spendings on the blockchain development in the country by at least 50%.According to Rostec’s roadmap, the organization is planning to spend 28.4 billion rubles ($453.2 million) on the development of blockchain technologies in Russia by 2024, instead of initial 55 billion ($877.8 million) to 85 billion rubles ($1.3…

Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents' persistent use of cash? 1182 Total views 4 Total shares Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen. The group consists…

The warning is not just because of the coronavirus pandemic. The government of South Korea has issued warnings to the public to avoid real life crypto meetups due to the “high risk” of catching coronavirus in the midst of a second outbreak in the country.Segye Ilbo reports the authorities not only warned about COVID-19-related fears…

Swiss Digital Exchange (SDX), a digital asset trading platform by Switzerland’s principal SIX Swiss Exchange, will reportedly launch its initial digital offering (IDO) in 2020.SDX security tokenThe not-yet-launched SDX has reportedly set up a global consortium of financial institutions to back its IDO in the middle of 2020, Coindesk reports on Sept. 30.Thomas Kindler, who…

The Morgan Creek-Exos Bitcoin fund was filed with the SEC on Thursday. 3855 Total views 24 Total shares Morgan Creek and Exos Financial filed a new Bitcoin (BTC) fund with the U.S. Securities and Exchange Commission, or SEC, on Thursday. If approved, the fund will offer institutional investors another way to long the flagship cryptocurrency…

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In the latest from U.S. Security and Exchange Commission’s (SEC) ongoing lawsuit against Telegram for its offering of Gram tokens, the commission bashes the messaging service’s blockchain and related token.In a lengthy filing with the court of the Southern District of New York the SEC responded to Telegram’s earlier motion for summary judgment. In it,…

The Department of Federal Revenue of Brazil (RFB) has released new rules requiring that cryptocurrency exchanges inform the regulator about users' transactions in order to identify tax fraud, Cointelegraph Brazil reported on June 19.The guidelines clarify how cryptocurrency trading platforms in Brazil should adopt new rules to report about the movements of users' crypto funds…

While there are many upsides to Bitcoin’s bullish price momentum, its impact on the coin’s denomination as a currency unit may not be one of them.As a Quartz article published on August 1 notes, with Bitcoin (BTC) currently circling $9,950, retail buyers are faced with the prospect of forking out a figure such as 0.0009950…