WuBlockchain Weekly:BlockFi goes bankrupt、European FTX hearing、Ankr attacked and Top10 News
Top10 News 1. Crypto lender BlockFi files for Chapter 11 bankruptcy link BlockFi filed for Chapter 11 bankruptcy protection and has laid off a large portion of its staff, given its hefty exposure to FTX. According to BlockFi’s bankruptcy filing, it has over 100,000 creditors with assets and liabilities ranging from $1 billion to $10 billion. Its largest creditor is trust company Ankura, which owes it $729 million and is the trustee of BlockFi’s interest accounts; its second largest creditor is FTX US, which owes it $275 million. 2. European Parliament to hold an FTX hearing link According to Circle’s Senior Director for EU Government Affairs, this week the European Parliament will hold a hearing on FTX, which may include questions about the causes of the collapse of FTX, fraud and misappropriation in FTX, and more. However, European users have not been affected much by the FTX crash. The MiCA, which will impose comprehensive regulation on crypto markets, will be in place by mid-2023 and will likely guide the direction of global crypto regulation. 3. Ankr attacked, hackers make 15.5 million BUSD profit link The Ankr aBNBc contract was attacked and an additional 10 trillion aBNBc was issued. Address (0x8d11f5b4d351396ce41813dce5a32962aa48e217) used the Ankr vulnerability to exchange 10 BNB for 183,384.92 aBNBc, then converted the aBNBc to hBNB to pledge into Helio Protocol to lend over 16 million stablecoins HAY, then converted the HAY to 15.5 million BUSD for profit. Stablecoin HAY fell to $0.2 at one point. 4. Bahamas Attorney General conducts criminal and civil investigation of FTX link The Bahamas attorney-general on Sunday hit out at FTX chief executive John Ray III, accusing him of misrepresenting the actions of the country’s regulators in the case of Sam Bankman-Fried’s collapsed $32bn crypto exchange. Mr. Pinder reiterated that local regulators and authorities are investigating FTX. Pinder also defended the Bahamas as a jurisdiction for digital assets. He responded to recent comments by Prime Minister Philip Davis that the company’s implosion was caused by the bad behavior of more than 100 related entities around the world, not by lax regulation by the local regulators where FTX is located. 5. Binance acquires JFSA registered Sakura exchange BitCoin, committed to enter Japan under regulatory compliance link Binance announced it has acquired 100% of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider. Through this acquisition, Binance enters the Japanese market, as a Japan Financial Services Agency (JFSA) regulated entity. SEBC is a JFSA-registered crypto exchange that offers its customers consultation services in addition to its brokerage service. Meanwhile, Binance announced that new users in Japan will not be able to register with Binance. com as of November 30; existing users will not be affected by the changes. 6. NFTs are officially live on Uniswap link NFTs are officially live on Uniswap, and the purchase screen shows that UniSwap may integrate with 7 NFT trading markets such as X2Y2, OpenSea, LooKsRare, etc. In addition, Uniswap Labs has announced that it will airdrop approximately $5M USDC to historical Genie users and offer gas rebates to the first 22,000 buyers. 7. BNB Chain is officially live on OpenSea link OpenSea announced that BNB Chain is officially live on OpenSea. Every NFT collection on BNB Chain with a transaction that took place after Jan 1, 2022 will be available on OpenSea. Also, OpenSea will continue to backfill historic data. Previously, OpenSea has supported Ether, Polygon, Solana, Klaytn, Arbitrum, and Optimism. 8. Ideal situation is to start ETH withdrawals next March link The developers revealed that Shanghai currently is guaranteed to include the following EIPs: EIP-3651(Warm COINBASE), EIP-3855(PUSH0 instruction), EIP-3860(Limit and meter initcode), EIP-4895(Beacon chain push withdrawals as operations). The broadest commitment across teams is that withdrawals happening quickly, ideally around March, should be the priority. The list of those considered for inclusion includes: EIP-1153 (transient storage) EIP-2537 (BLS precompile) EIP-4844 (protodanksharding). 9. Fed Chair Powell says smaller interest rate hikes could start in December link Federal Reserve Chairman Jerome Powell said he sees the central bank in position to reduce the size of rate hikes as soon as next month. But he cautioned that monetary policy is likely to stay restrictive for some time until real signs of progress emerge on inflation. “It is likely that restoring price stability will require holding policy at a restrictive level for some time. History cautions strongly against prematurely loosening policy,” he added. “We will stay the course until the job is done.” 10. Telegram to build decentralized exchanges and non-custodial wallets link Telegram CEO Durov said Fragment has been an amazing success, with 50 million USD worth of usernames sold there in less than a month. Therefore, Telegram’s next step is to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges for millions of people to securely trade and store cryptocurrencies. Fundraising
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