11 - 2023 | MachinaTrader.com

BBVA Switzerland Partners with Ripple-Owned Metaco to Boost Digital Asset Operations

BBVA Switzerland has formed a strategic alliance with Metaco, a subsidiary of Ripple, to enhance its digital asset operations. The collaboration will leverage Metaco’s Harmonize platform, which offers digital asset custody and orchestration solutions. This partnership will enable BBVA Switzerland to expand its digital asset offerings, including DeFi, tokenization, cryptocurrency custody, and smart contract management. […]

Kraken Co-Founder Criticizes SEC’s Enforcement Actions in Crypto Industry, Calls for Self-Regulation

Kraken co-founder Jesse Powell criticized the U.S. Securities and Exchanges Commission (SEC) for what he believes is a convenience-based approach to enforcement actions in the crypto industry. Powell argued that the SEC’s regulatory actions against U.S.-based entities like Coinbase, Ripple, and Kraken reflect a localized enforcement approach rather than a genuine effort to protect consumers. […]

Tron Founder’s Crypto Businesses Hit by Multiple Hacks, Losing Over $200 Million

Tron founder Justin Sun has been facing a series of cyber attacks on his crypto businesses over the past two months. Hackers have targeted platforms related to Sun, including his HTX crypto exchange, Poloniex exchange, and Huobi’s HECO chain bridge. The first HTX hack occurred shortly after the platform rebranded from Huobi, resulting in the […]

Bitcoin ETFs: BlackRock and Ark Invest Push for In-Kind Redemptions, Offering Tax Benefits for Investors

BlackRock and Ark Invest are engaged in discussions with the US Securities and Exchange Commission (SEC) regarding the establishment of a spot Bitcoin exchange-traded fund (ETF). One of the key points of contention is the method of investor redemptions, which has significant implications for tax purposes. BlackRock and Ark Invest are advocating for in-kind redemptions, […]

UK Government Proposes Digital Securities Sandbox to Boost Digital Asset Sector

UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing environment for crypto technologies and services, allowing for the adoption of digital assets in financial markets. The government plans to […]

KyberSwap Hacker Seeks Negotiations After $45 Million Exploit

The hacker behind the KyberSwap exploit has expressed a willingness to negotiate after stealing approximately $45 million from the decentralized exchange. In a public message, the attacker informed KyberSwap that negotiations would begin once they had rested. The hack, which occurred on November 23, prompted Kyber Network to advise users to withdraw their funds as […]

UK Government Proposes Digital Securities Sandbox to Boost Digital Asset Sector

KyberSwap Loses $45 Million in Recent Hack, TVL Drops by 87%

On November 23, an unidentified hacker stole over $45 million from the decentralized exchange KyberSwap. The breach affected multiple cross-chain deployments of KyberSwap, including Arbitrum, Optimism, and Ethereum, with funds stolen primarily consisting of Ether, Wrapped Ether, and USDC. Following the incident, Kyber Network advised users to withdraw their funds as a precaution. The hack […]

Surge in Interest for Cryptocurrency Bridges Sparks Demand for Interoperability Solutions

The surge in interest for transferring cryptocurrencies to different blockchains has been observed since the start of October, according to Google search data compiled by Online Blockchain plc. Crypto enthusiasts are actively searching for cheap and fast methods to bridge assets across diverse blockchains. One solution that has gained attention is Umbria Network’s Narni bridge, […]

BBVA Switzerland Partners with Metaco to Expand Digital Asset Offerings

In a groundbreaking development within the blockchain domain, BBVA Switzerland has partnered with Metaco to expand its digital asset offerings. This move reflects a growing trend among major banks, including BBVA, to embrace digital asset solutions and technologies. The partnership will see the integration of Metaco’s Harmonize platform into BBVA’s infrastructure, enabling the bank to […]