New US bill to require firms to report off-chain transactions to CFTC
The new legislation aims to protect crypto investors from disputes, manipulation or fraud potentially stemming from transactions occuring off-chain. Go to Source
Cryptocurrencies
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PayPal applies for NFT marketplace patent for on-chain or off-chain asset trading
PayPal’s proposed NFT purchase and transfer system would handle fractionalization, DAOs and royalties through a third-party provider. Go to Source
Median Web3 developer salary stands at $128K in 2023
In a recent Pantera survey, less than 2% of respondents said they worked full-time in an office setting, with the rest working remotely. Go to Source
Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme
Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges, while the CFTC charged another company and its head. Go to Source
Uniswap Foundation targets $62M in additional funding
The Foundation plans to issue $15 million per year in community grants to fund DeFi projects. Go to Source
IBM, Microsoft, others form post-quantum cryptography coalition
The coalition includes Google sibling company SandboxAQ and the University of Waterloo. Go to Source
Hashkey HK opens AVAX trading with $1M portfolio requirement
Only professional investors with a portfolio exceeding $1 million can invest in altcoins through regulated exchanges in Hong Kong. Go to Source
Mixin Network offers $20M bug bounty to hackers in $200M hack
Mixin Network suffered a breach in its third-party cloud server database resulting in the theft of nearly $200 million worth of digital assets. Go to Source
Gemini invests $24M for expansion in India
Launched in May, the Gemini Gurgaon Hub has since added over 70 staff. Go to Source
Kraken secures money license registrations in Spain and Ireland
The move follows the crypto exchange’s successful VASP registration in Italy. Go to Source