Blockchain DXB: Crypto & Coffee at 8 ☕ 024th Sep 🔵 Telegram- complies with law enforcement ❗River "Proof of Reserves" $800M of BTC 🔥 BingX hack 👀 Coinbase cBTC on Solana 🚨 Australia - Crypto rules
Blockchain DXB
Shownotes Transcript
24th Sep: Blockchain DXB Podcast https://shorturl.at/lTDqm)
🔵 Telegram- complies with law enforcement ❗River "Proof of Reserves" $800M of BTC 🔥 BingX) hack update 👀 Coinbase) cBTC on Solana 🚨Australia - New Crypto Regulations
🔵Telegram Messenger) is implementing measures to enhance user safety and compliance with law enforcement following the arrest of CEO Pavel Durov. The company plans to use AI to clean up the app and will be more responsive to requests from authorities as part of a crackdown on crime. Official post confirming this via his Telegram Messenger channel here https://t.me/durov Check out the Blockchain DXB) episode we share more information on this. We also discuss if
Authorities can access chat (Cloud Chats vs Secret Chats)
Can they track the IP address
How ill tokens connected to the TON blockchain react to this news
🟠 River, a leading U.S. Bitcoin exchange, has introduced "River Proof of Reserves," allowing clients to verify that their Bitcoin holdings are fully backed in multi-sig cold storage. CEO Alexander Leishman emphasized that this move aims to rebuild trust after the failures of exchanges like FTX, setting a new industry standard for transparency. River currently secures over $800 million in Bitcoin, and Leishman called on the industry to adopt similar practices to prevent fractional reserve practices and restore confidence in intermediaries. via Bitcoin Magazine) https://shorturl.at/Ka0oD)
😱BingX) exchange was hacked on Sept. 20, 2024, with $52 million stolen. Withdrawals for USDT, USDC, Bitcoin, Ether, Tron, and Solana will resume on Sept. 21, with other assets following in two weeks. BingX reassured users that most funds were in cold storage, $10 million has been frozen, and they are working with security firms to recover funds. The exchange confirmed it has enough reserves to cover any losses.
🚨 At the Breakpoint 2024 event, Coinbase)’s Singapore country director revealed plans to introduce "cbBTC" — a wrapped Bitcoin asset — to the Solana network. While no specific launch date was provided, Coinbase explained that cbBTC will be backed 1:1 with Bitcoin held by the exchange. Additionally, there will be no separate order books or trading pairs for cbBTC on the Coinbase platform. Via Cointelegraph) here https://shorturl.at/xQmGc )
👀Australia's Securities and Investments Commission now requires crypto exchanges to obtain financial services licenses by November 2024. This regulation, expanding the Corporations Act, aims to improve oversight of crypto assets like Bitcoin and enhance consumer protection. Updated guidelines will clarify the treatment of crypto tokens and products. Telegram channel here https://t.me/telonews/11444 )
🟠Two UAE news (👀slides)
⚡ Digital Cooperation Organization (DCO)) launches 'Digital Economy Navigator' to bridge the digital economy gap worldwide
⚡ Meta) & DUBAI FUTURE FOUNDATION) welcome the region’s first cohort of startup acceleration initiative Llama Design Drive
For slides click here: https://shorturl.at/sNTSu)
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