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The Unchained Web Daily Crypto News #18

Alexandros Dolgov CBA? (Study/Bitcoin)

发布日期: 2023年3月15日

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42EkgN23XZoLJXrgMJjrRM7jYpmirk1WvWUWc2SDF6kZAXVzHMGy5XB8JM8Vce3iHGKh9H8ACWF9J6ErrfKCP48mL2yeWcw

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Reclaim (some) Privacy Webinar Series: Intro to SearXNG & other privacy engines

In April, I am planning my first webinar in a series focused on privacy. The specific webinar will be focused on why Google may not be the best search engine to use and the SearXNG meta search engine and how it can be used to enhance privacy when using a search engine to research or find something to one's interest.

If you are interested in the topic, feel free to click "attend" on the link to the event below: https://www.dhirubhai.net/events/7167975601373458433/about/

‘Big Four’ Australian Bank Issues Stablecoin On Ethereum

National Australia Bank (NAB) has completed its first intra-bank cross-border transaction using its own stablecoin via Ethereum. The pilot for an AUD-backed stablecoin showcased the potential to shorten cross-border transactions from days to minutes. NAB intends to issue its stablecoin under the ticker “AUDN,” which will be managed as a liability on its books, and plans to enable transactions for seven major global currencies. The bank claimed it’s the world’s first major financial institution to process a cross-border stablecoin transaction via a public Layer-1 blockchain. More information can be found here.

Plaintiff Wins Case Against Hackers After Serving Court Papers via NFT

A federal judge in Florida has ruled that anonymous hackers who stole $971,291 worth of USDT from Rangan Bandyopadhyay's Coinbase wallet in December 2021 are liable to pay it back with interest. As it remains unclear who the digital thieves were, the judge allowed them to be served via NFT, marking the first time an American federal court has allowed defendants to be served by NFT. This is part of a trend for legal systems trying to catch up with a slew of new types of crime facilitated by blockchain technology. An attorney involved in the case is confident of recovering at least a portion of the stolen funds. More information can be found here.

Hacker Steals $390K From Poolz Finance Just Days After $180M Euler Finance Exploit

Poolz Finance, a cross-chain decentralized IDO platform, has suffered a hack that cost the company around $390,000 on the Binance Smart Chain and Polygon. Blockchain security company PeckShield identified an arithmetic overflow issue as the possible cause of the hack. This comes after Euler Finance underwent an exploit earlier this month, losing over $195 million in a flash loan attack. These incidents reflect the ongoing vulnerability of decentralized finance (DeFi) protocols to hacking attacks, which have resulted in billions of dollars in losses in recent years. More information can be found here.

Euler Finance’s offer to hacker: Keep $20M or face the law

Euler Finance, an Ethereum-based noncustodial lending protocol, has demanded that a hacker who stole $196 million from its protocol return 90% of the funds stolen within 24 hours or face legal consequences. Euler Labs has sent a message to the hacker saying that if 90% of the funds are not returned within the stipulated time, it will launch a $1 million reward for information that leads to the hacker's arrest and the return of all funds. Euler Labs is already working with law enforcement in the US and UK, along with engaging blockchain intelligence platforms, to help track down the hacker. More information can be found here.

SEC Is 'Completely Out Of Control,' Says a16z Crypto's Head of Policy

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Crypto industry players criticized regulators for failing to provide an adequate regulatory framework for the industry at the annual Futures Industry Association conference. They view recent enforcement actions against crypto companies by regulators like the SEC as a hostile attack on crypto and US innovation. Some players have turned towards a potential legislative solution with support from both Democrats and Republicans. Many believe that other countries such as Hong Kong, Singapore, and the UK are ahead of the US in terms of progress. More information can be found here.

Signature Bank regulator says it was closed for not providing data

The New York State Department of Financial Services (NYDFS) denies claims by Barney Frank, a Signature Bank board member, that it shut down the bank to send an anti-crypto message. An NYDFS spokesperson said the regulator's action was due to a "crisis of confidence" in the bank's leadership and the bank's failure to provide "reliable and consistent data." Signature Bank was closed on March 12 due to significant withdrawals, as well as its inability to provide information to regulators. Many crypto-related businesses had funds deposited at Signature, including Coinbase, Celsius, and Paxos. More information can be found here.

Signature Bank and former executives sued by shareholders for alleged fraud

A class-action lawsuit has been filed against Signature Bank and three former executives for fraud. Shareholders claim that the bank made false or misleading statements about its health, such as being financially strong, days before it was seized by regulators. The lawsuit seeks unspecified damages for shareholders who held stock between March 2 and 12. Former board member Barney Frank suggested that the closure was done to send an anti-crypto message, but regulators denied this and said it was due to a crisis of confidence in the bank's leadership. More information can be found here.

Coinbase files brief in SEC Wahi case, says it doesn’t sell securities but would like to

Coinbase, the cryptocurrency exchange, has filed an amicus brief in support of a motion to dismiss a case against former Coinbase product manager Ishan Wahi and others for insider trading. Coinbase denied selling securities and argues that the case was against unsympathetic individual defendants who stole non-public information from Coinbase. Coinbase condemns the defendants' conduct but supports their motion because the SEC's assumption is that the exchange listed securities on its platform. Coinbase would like to sell digital asset securities but says that it can not do so until the SEC provides a clear regulatory framework. The brief holds that the SEC's actions violate fundamental principles of fair notice and due process and raise serious concerns under the Administrative Procedure Act. More information can be found here.

GPT-4 came out

GPT-4 came out and now all the virtue-signaling LinkedIn influencers and "experts" will not stop spamming and giving us a headache about how awesome it is and how they asked it to do X, Y, Z to showcase their expertise in their desperate attempt to remain relevant...