Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Banking news
- Mastercard will on Tuesday debut a new piece of software, called Crypto Secure, which helps banks identify and cut off transactions from fraud-prone crypto exchanges, CNBC reported. The system relies on data from the blockchain, as well as, other sources, and it is powered by CipherTrace, a blockchain security startup Mastercard acquired last year.
Adoption news
- Plan ₿ Foundation, a joint initiative between the Swiss City of Lugano and USDT stablecoin issuer Tether announced today a collaboration with GoCrypto to officially bring bitcoin (BTC), tether (USDT), and LVGA payments to the city of Lugano. As of today, GoCrypto payments will be available at nearly a dozen merchants throughout the city, including McDonalds, art galleries, and more.
Regulation news
- The European Parliament voted to use blockchain technology to modernize taxation. Per the press release, the adopted resolution “sets out a framework through which both goals of using blockchain in taxation and uniformly taxing crypto assets can be achieved.”
- The US Commodity Futures Trading Commission (CFTC) can serve a decentralized autonomous organization (DAO) through a website help bot and forum post; therefore, Ooki DAO was appropriately served, a federal court ruled on Monday. Per the document, “the Court orders that service of process on the Ooki DAO may be made in this action by providing a copy of the summons and complaint through the Ooki DAO’s Help Chat Box, with contemporaneous notice by posting in the Ooki DAO’s Online Forum.“ The DAO is given three weeks to respond.
Wallet news
- The Open Network (TON) developers announced the launch of a P2P market, allowing 550 million monthly Telegram users to trade toncoin directly on the messaging platform, they said. Users can buy and sell the crypto directly from and to one another with the wallet service acting as a guarantor of the transaction. The service supports USD, EUR, UAH, BYN, and KZT. @wallet is an independent commercial service that is not affiliated with Telegram, they added.
Security news
- Cybercriminals have used decentralized exchanges (DEXs), bridges, and coin swaps to launder nearly $4 billion since 2020, found the on-chain analytics firm Elliptic.
- Non-fungible token (NFT) artist Mike ‘Beeple’ Winkelmann’s Discord URL may have gotten ‘hijacked,’ directing users to a wallet drainer. Beeple tweeted: “it appears our discord URLs were hacked to point to a fraudulent discord. DO NOT go into that discord and do not verify, it will drain your wallet!!”
DeFi news
- Lens Protocol has been announced as the first protocol to use the communication protocol Push on the Polygon (MATIC) mainnet. Launched in May 2022 by Aave Companies, Lens Protocol’s tech stack for building decentralized social apps is live on Polygon and is powering over 100 decentralized social media dapps, said the announcement.
NFT news
- Levvels, the joint venture of Dunamu (the operator of South Korea’s major crypto exchange Upbit) and Hybe (the K-pop entertainment company most known for its globally popular group BTS), said it will launch an NFT platform dedicated to K-pop digital collectibles this month, Smart Times reported. The NFT platform, MOMENTICA, will issue digital collectibles named TAKE in image and video formats that capture unique moments of K-pop singers.
Investment news
- Investing app Stash is adding crypto to the set of products it offers its 2 million users, TechCrunch reported. Ed Robinson, Stash cofounder and president, shared the company’s latest annual revenue figure, saying it amounts to $125 million today.