SECURITY
Wakweli and Polygon Partner for NFT Authentication
Web3 protocol Wakweli has partnered with layer-2 scaling platform Polygon to offer certification of authenticity for NFTs. The partnership will allow all digital assets on Polygon to be compatible with Wakweli's certification system, enhancing the security of the digital ecosystem. Wakweli's testnet will be available in April, with alpha testing with Polygon's mainnet set to begin in Q2 2023.
Arbitrum Discord Server Hacked for Phishing Attack
Hackers dropped a phishing link on Arbitrum's official Discord server, prompting users to enter personal information. The link misspelled the name of the platform as "Arbtirum." Investors are advised to be cautious of unrealistic claims and deceptions.
Circle CEO Criticizes SEC Stablecoin regulations
As payment systems, stablecoins are not securities, according to Circle's CEO.
Blockchain Association Rejects Court's Securities Ruling on Private Blockchains
A U.S. lawyer called it "absurd" for a court to declare digital assets on centralized databases securities.
Binance.US Could Be in Violation of Securities Law
SEC opposes Binance. US acquisition of nearly $1 billion in Voyager Digital assets.
Payments giant PayPal and Galaxy raise $20 million
The investment round included 23 organizations and six angel investors.
ZenGo's NFT Hack Detector
The display compares OpenSea NFT trading amounts to floor pricing.
Circle Denies Receiving 'Wells Notice' Over USDC
Circle's CSO refused SEC Wells notices for its USDC token.
BUSD, Paxos, and the Recent Scrutiny of Paxos
Matrixport's director of research believed Paxos' BUSD supervision was too lax, prompting regulatory attention. Stablecoins are not the goal.
Paxos Trust Company Disagrees With U.S. Securities
Paxos, a stablecoin issuer, received an SEC Wells notice earlier this month and "categorically denies" that BUSD is a securities.
Nexo to terminate yield-bearing product after paying $45 million
Nexo Capital's cryptocurrency yield-bearing product is being shut down in the US following a multi-million dollar settlement with the SEC and NASAA.
Binance Announces Upgrade to Proof-of-Reserves Verification
Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency.
Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round
Foundation Capital and CMT Digital invest $30 million in Coincover to safeguard digital assets.
SEC to Keep Close Watch on Crypto Brokers and Advisers
The SEC stated the 2023 review goals would ensure crypto brokers and advisors follow "respectful standards of care."
South Korea Establishes Guidance for Regulating Digital Assets as Securities
The step prepares for security token legalisation in the nation.