China’s NFT market, Moutai metaverse popular but buggy… – Cointelegraph Magazine

[ad_1] After a one-year hiatus, Our Man in Shanghai returns, but he’s no longer based in Shanghai (the crypto crackdown was a factor in the column’s retirement), so a rebranding is in order. This space is now called “Asia Express,” and it’s a weekly roundup of news from mainland China and Taiwan and the rest of Asia too. Check in each Friday for news about Asia’s more influential projects, changes

US authorities are turning their attention to FTX’s Nishad Singh: Report

[ad_1] Authorities with the United States Securities and Exchange Commission and Commodity Futures Trading Commission as well as prosecutors are reportedly investigating former FTX engineering director Nishad Singh for potentially having a role in defrauding investors and users.According to a Jan. 5 report from Bloomberg, U.S. officials were looking at individuals in former FTX CEO Sam Bankman-Fried’s inner circle in their criminal probe of the exchange’s collapse. Bankman-Fried has pled

CME Group to launch 3 metaverse reference rates

[ad_1] Derivatives marketplace CME Group is planning to launch reference rates and real-time indices for three metaverse crypto assets, allowing investors to track pricing data more reliably using a methodology commonly used in traditional finance. Beginning Jan. 30, CME Group and CF Benchmarks will launch reference rates for Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA), the company announced on Jan. 5. The reference rates and indices are not tradeable products

DeFi security loses rose 47.4% in 2022 to hit $3.64B: Report

[ad_1] According to a Jan. 5 report published by Chinese blockchain security firm LianAn Technology, decentralized finance, or DeFi, exploits across blockchains worldwide totaled $3.64 billion in 2022. This represented a rise of 47.4% compared to the loss of $2.44 billion in 2021. The incidents increased in quantity despite a steep 80% loss in DeFi total value locked during the year. DeFi losses by quarter in 2022 | Source: LianAn Technology;

Crypto lender Genesis lays off 30% more staff: Report

[ad_1] Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in the second round of layouts in six months.According to a Jan. 5 Wall Street Journal report, Genesis reduced its staff by 30% following the platform suffering losses from loans to Alameda Research and Three Arrows Capital. An update to its clients on Jan. 4 said the firm planned to reduce costs as part of its

US authorities to intensify scrutiny of crypto industry in 2023

[ad_1] Fourteen years after Bitcoin's Genesis block launched a profound disruption in financial services and other industries through the rise of blockchain technology, United States authorities are finally becoming more interested in cryptocurrencies' future and economic impact.On Dec. 14, the Financial Accounting Standards Board (FASB) discussed new accounting and disclosure requirements for entities holding crypto assets in financial statements, following an agenda consultation with investors — the first one in five

Quantum computers may soon breach blockchain cryptography: Report

[ad_1] According to a recent paper, Chinese researchers claimed to have discovered a novel method to break the Rivest–Shamir–Adleman 2048 bit (RSA-2048) signing algorithm present in blockchains and other security protocols. RSA is a cryptographic technique that utilizes a public key to encrypt information and a private key to decrypt them. Breaching the RSA-2048 algorithm requires, similar to other algorithms in the RSA numbers family, finding the prime factors of a

ECB official urges CBDC development for the good of cryptocurrency and consumers

[ad_1] European Central Bank (ECB) executive board member Fabio Panetta has been a vocal supporter of central bank digital currency (CBDC) and cryptocurrency sceptic, and he presented his latest argument for CBDC on Jan. 5. Writing on the official ECB blog, he said that, by developing CBDCs, central banks “will safeguard the trust on which private forms of money ultimately depend.”Panetta began his argument with a harsh appraisal of cryptocurrency

US senator behind efforts to pass major crypto bill won’t seek re-election

[ad_1] Michigan Senator Debbie Stabenow, chair of the United States Senate Agriculture Committee, has announced that she will be leaving office in 2025.In a Jan. 5 announcement, Stabenow said she would finish the remainder of her 6-year term in the Senate, then “pass[ing] the torch” to other U.S. lawmakers. The senator was one of the lawmakers behind introducing the Digital Commodities Consumer Protection Act, or DCCPA — a bill aimed

Crypto in 2023 — Do bulls have a chance? Watch Market Talks on Cointelegraph

[ad_1] On this week’s episode of Market Talks, Cointelegraph welcomes Mohit Sorout, co-founder of Bitazu Capital, a proprietary algorithmic trading and investment management platform.This week, to kick things off, we get to know a little bit about Sorout, his background in finance and trading. We also dive into his skillset, trading style and unique approach to the crypto markets. We get his view on the current Bitcoin (BTC) market sentiment