Taiwan bans foreign crypto 🇹🇼, Bitcoin used in Shanghai 🇹🇼, NASA uses blockchain 🛰️
Daily Crypto, Blockchain & Web3 Update 2023-09-26
CRYPTOCURRENCY
Taiwan bans unregistered foreign crypto exchanges from operating (2 min read)
Taiwan’s Financial Supervisory Commission (FSC) is moving to improve protections for cryptocurrency investors by introducing new rules.
Besides local exchanges like Maicoin, major global crypto trading firms like Binance, Bybit and Kraken have also been serving customers in Taiwan.
Bitcoin gains legal recognition as digital currency in Shanghai, China (2 min read)
The Shanghai No.2 Intermediate People's Court in China has recognized Bitcoin as a unique and non-replicable digital asset, acknowledging its scarcity and value.
A similar report from another Chinese court in September recognized cryptocurrencies as virtual properties protected by law.
Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’ (4 min read)
The inventor of Bitcoin Ordinals is proposing a new Bitcoin-based fungible token protocol as a potential alternative to the BRC-20 token standard.
Casey Rodarmor, the creator of Bitcoin Ordinals, believes that a fungible token protocol like Runes would not clutter the Bitcoin network as much as BRC-20 tokens.
NASA plans to prove its next Moon landing is real using blockchain (2 min read)
NASA, along with its partners Lonestar and the Isle of Man, will send data cubes to the Moon in February 2024. The data secured in these cubes will be verified back on Earth using blockchain technology.
QUICK LINKS
$200M Mixin Network hack draws controversy (2 min read)
Mixin Network, a Hong Kong-based decentralized cross-chain transfer protocol, is drawing controversy over the disclosure of a $200 million hack. Xiaodong Feng, Mixin’s founder, immediately outlined a compensation plan but would only reimburse up to 50% of users’ assets for now.
MetaMask ‘glitch’ caused opBNB recommended fees to be too high: Report (2 min read)
A “glitch” in MetaMask that caused it to overestimate opBNB gas fees has now been fixed, according to a social media post from BNB Smart Chain. Many users pay the default recommended fee displayed in their wallets, so a mistrial can cause users to overpay.
MoneyGram to launch noncustodial crypto wallets by Q1 2024 (2 min read)
MoneyGram CEO, Alex Holmes, announced at the annual Meridian conference of the Stellar Development Foundation that the company will be launching its own crypto wallet, which will be noncustodial.
JPMorgan’s subsidiary Chase UK to restrict crypto transactions (2 min read)
Chase Bank, a digital bank owned by the investment bank JPMorgan, will restrict all cryptocurrency-related transactions for its customers in the United Kingdom.
Starting on Oct. 16, Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions.
Immunefi launches on-chain bug bounties through ‘Vaults’ system (2 min read)
Blockchain security platform Immunefi has launched an on-chain system for bug bounty, according to a Sept. 26 announcement. The "Vaults" system lets Web3 developers hold funds in an on-chain address and use them to reward white-hat hackers for finding bugs.
French telecom group invests millions in local AI industry (2 min read)
The French telecommunications group Iliad announced on Sept. 26 that it has plans to invest millions to build up the local French artificial intelligence (AI) industry. French telecom group Iliad has acquired a powerful supercomputer in Europe and intends to establish an AI research lab in Paris, among other projects.
Ben ‘BitBoy’ Armstrong arrested on livestream over Lambo dispute (2 min read)
Crypto influencer Ben Armstrong, also known as "BitBoy," was reportedly arrested while livestreaming outside the home of a former business associate whom he claims has his Lamborghini.
Crypto exchange Binance among firms eyeing new stablecoins in Japan (3 min read)
Binance and Japan's largest bank, Mitsubishi UFJ Trust and Banking Corporation (MUTB), are partnering to investigate the creation of stablecoins in Japan.
Crypto exchange Binance reopens exchange services in Belgium (2 min read)
Crypto exchange Binance has reopened registrations and access to its products and services for its Belgian crypto users again, three months after the exchange was ordered by Belgium’s finance regulator to cease cryptocurrency-related services.
Venezuela extends reorganization shutdown of crypto agency to March 2024 (2 min read)
Venezuela was one of the first Latin American countries to establish its own crypto oversight body, launching the Superintendencia Nacional de Criptoactivos (Sunacrip) in 2018. However, the government now says it will take six extra months to “reorganize” the entity, which closed in March 2023.