Hong Kong recovers $11M 🇭🇰, Binance exits Russia ❌, CIA creates ChatGPT ⚡️
Daily Crypto, Blockchain & Web3 Update 2023-09-27
Hong Kong police recover $11M worth of assets in JPEX case: Report (2 min read)
The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has promised to seek justice for those affected by the JPEX crypto exchange scam, according to local media. The security chief's office announced that the police are actively searching for the main individuals responsible for the JPEX crypto exchange fraud.
Binance fully exits Russia with sale to CommEX (3 min read)
Cryptocurrency exchange Binance has announced its full exit from Russia by selling its firm to a newly launched crypto exchange business known as CommEX.
The financial details of the deal remain undisclosed. However, as a full exit from Russia, Binance will have no ongoing revenue split nor any option to buy back shares, the companies said.
Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments (2 min read)
Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments in a soft or limited launch. The new service will be more cost-effective and reduce settlement times relative to traditional solutions.
CIA to build its own ChatGPT-style AI bot for investigations: Report (2 min read)
The CIA plans to create and use its own AI chatbot for investigations, based on ChatGPT technology.
The CIA says it is creating its own ChatGPT AI tool to conduct open-source investigations by analyzing public information.
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Binance still struggling to find banking partner in France: Report (2 min read)
After losing its euro banking partner, Paysafe, Binance France has proposed that its customers immediately convert all the fiat money they hold on the exchange into crypto, according to comments from an executive to local media.
Gemini invests $24M for expansion in India (2 min read)
Cryptocurrency exchange Gemini is allocating 2 billion rupees ($24 million) for its expansion in India. Launched in May, the Gemini Gurgaon Hub has since added over 70 staff.
Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode (2 min read)
Bitcoin Ordinals are not causing network congestion and do not affect high-value Bitcoin transactions.
The firm stated that inscriptions are often used as "packing filler" when there is leftover space after higher-value monetary transfers are packed into blocks.
Crypto mining ‘Ponzi’ co-founder sentenced to 12 years in prison (3 min read)
AirBit Club's co-founder has been sentenced to 12 years in prison for running a cryptocurrency Ponzi scheme that stole more than $100 million from investors.
Circle launches native euro stablecoin on Stellar (3 min read)
Stablecoin issuer Circle has launched a Stellar-based version of its euro-backed stablecoin, EURC, according to a Sept. 26 announcement. Previously, EURC was exclusively accessible on the Ethereum and Avalanche networks.
CBDC frameworks must guard user privacy, monetary freedom — BIS chief (3 min read)
According to the head of the Bank of International Settlements, having legal guidelines to protect user privacy and allow users to choose between central bank digital currencies (CBDCs) and other forms of money will play a crucial role in increasing CBDC adoption.
Cricket World Cup to feature Web3 fan app as ICC taps into Near blockchain (3 min read)
The ICC has partnered with the Near Foundation to create a blockchain app for the 2023 Cricket World Cup. The app will engage millions of fans during the next six weeks.
Mixin Network offers $20M bug bounty to hackers in $200M hack (2 min read)
Mixin Network, a decentralized cross-chain protocol, has offered a $20 million bug bounty to the hacker responsible for the $200 million exploit on Sept. 23. The bounty is for the return of the remaining funds.
Writer’s Guild strike ends with tentative deal approved, AI key negotiation (2 min read)
The Writer’s Guild of America (WGA) strike is set to officially end as leaders approve a tentative deal with entertainment studios in Hollywood, part of which includes artificial intelligence (AI) usage in the industry.
6th Swiss bank joins SDX crypto exchange (2 min read)
Hypothekarbank Lenzburg, a regional Swiss bank with over $7 billion in assets, has become the sixth Swiss bank to join Six Digital Exchange (SDX).
Hypothekarbank Lenzburg, a regional Swiss bank with over $7 billion in assets, joins SDX’s central securities depository.