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Table of Contents
News
Global
Standard Chartered Takes Part in China’s e-CNY Pilot Testing
- One of the first international banks to test China’s digital yuan CBDC, the e-CNY, is the multinational British bank Standard Chartered.
- The bank will participate in China’s e-CNY CBDC pilot program, which is being carried out in 26 provinces and cities at the moment.
SEC Intensifies Efforts, Seeks Further Evidence of Fraud at Binance US
- The US SEC is still searching for proof that Binance US had a backdoor via which it could have been able to control customer funds similarly to FTX.
- The exchange was accused of transferring client funds at will, including to Zhao’s controlled Sigma Chain in Switzerland.
Financial Stability Board Warns of Crypto Firm Risks
- The Financial Stability Board reveals there is a need for increased regulation in the crypto industry.
- FSB emphasizes the necessity for global protective measures, using examples from cryptocurrency companies like FTX.
Binance Faces Regulatory Heat: Philippines Regulator Alleges Operation Without License
- The local securities authority claims that Binance has been conducting business in the Philippines without the required authorization or license.
- The issuance price, the kind of securities, and other details are included in this kind of comprehensive information.
Platform and Tokens
Indexed Finance Battles Hackers, Plans Compensation for Hack Victims
- Indexed DAO, hacked for $16 million in 2021, thwarted two recent attempts to hijack its remaining treasury.
- Indexed Finance transitions from defense to restitution.
Inferno Drainer Shuts Down After Engaging in $70 Mln Crypto Theft
- Since February, Inferno Drainer has drained over $70 million in crypto from over 100,000 victims.
- The files and infrastructure needed to run the wallet drainer won’t be destroyed.
Binance CZ Faces Travel Restriction as Judge Reviews Pending Court Decision
- As part of a deal with the US Department of Justice involving the cryptocurrency exchange Binance, Changpeng “CZ” Zhao entered a guilty plea to one felony charge.
- The judge stated that CZ would not be allowed to leave the country until a court decision was made regarding a motion for review by the US authorities.
CZ Steps Down: Former Binance CEO Resigns as Chair of Binance US
- The former chief executive officer of Binance, CZ, has also announced his resignation as head of the board of directors of Binance US.
- After stepping down as CEO of Binance, CZ claimed to have “a lot more free time” in his most recent response on X.
Confidential Filings by Jump Crypto in SEC v. Terraform Labs case
- Materials from Jump Crypto Holdings have been admitted into discovery in a federal court as part of the US SEC’s lawsuit against Terraform Labs.
- The Court is free to disclose sensitive information about a potential motion practice or trial.
Celsius Unlocks Withdrawals: Eligible Crypto Holders Gain Access to Funds
- In the face of unstable finances and legal troubles, the bankrupt cryptocurrency lending platform Celsius has begun to withdraw funds for a limited number of customers.
- Participants who meet the requirements can withdraw 72.5% of their cryptocurrency holdings after deducting transaction costs.
Kyber Exploiter Demands Full Control of Assets Following Nearly $50 Million Security Breach
- Kyber network’s hacker is pushing for absolute control over the Network’s executive functions.
- The demand extends to the surrender of all documents and information related to KyberSwap.
Sam Bankman-Fried Forgoes Post-Trial Motions, Lawyers Confirmed
- Sam Bankman-Fried was found guilty on November 2 of federal fraud charges. He will not be pursuing any post-trial arguments.
- In light of SBF’s conviction on November 2 and his impending sentencing on March 28, this filing is the most recent.
NFT Marketplace Aqua Shuts Down Amid Funding Issues
- The NFT marketplace cites the inability to raise funds as one of the reasons for closure.
- Increased competition in the NFT gaming marketplace sector is also cited as one among the reasons.
Project Updates
AntPool’s Refunding Users for 83-BTC Transaction Fee Error
The cryptocurrency mining network AntPool said that it would reimburse the 83 Bitcoin transaction cost. The impacted user has until 0:00 (UTC+8) on December 10 to provide AntPool with their information.
$50 million will be donated to the education ecosystem by Hooked Protocol.
Hooked Protocol began collaborating with educational institutions on November 30th, announcing the opening of a $50 million education ecosystem fund. The new education fund will investigate learning breakthroughs and the underlying uses of the HOOK token by utilizing the HOOKED 2.0 ecosystem.
The creators of DeGods and y00ts announce that the Points Parlour Rewards Programme is closing.
Frank, the creator of the DeGods and y00ts series NFTs, declared on Twitter on November 28 that the Points Parlour rewards program would be closed and that points would no longer be awarded to DeGods and y00ts NFT holders.
Podcasts and Interviews
- Interview with Kartin Wong, founder of Hyper Oracle
- “RFK Jr on Media, US Debt & Bitcoin” podcast by What Bitcoin Did
- “The Debt Disaster & Bitcoin’s Future” podcast by Mark Moss
Job Listings
- Senior Operations Security Expert | Ethereum Foundation
- Lead Security Engineer | Enya Labs
- Smart Contract Auditor | Netherminds
- Lead Solidity Engineer | Ebay
- UX Engineer and Staff Rust Engineer | Aave
2k23 Events
- ETHVenice on December 4
- Columbia CryptoEconomics workshop from December 6 to December 7
- ETHIndia (Banglore) from December 7 to December 10
- ETHGlobal Pragma from December 7 to December 10
- EF’s Next Billion fellowship cohort 4 deadline is January 15, 2024
As we wrap up another week of insights and discoveries, remember that staying informed and motivated is an ongoing journey. WeekInFocus by CoinCodeCap is here to accompany you on this path, bringing you a fresh perspective on the news, a doorway to exciting job possibilities, and a collection of thought-provoking podcasts. Let’s embrace the coming week with curiosity and determination. Until next time, keep focused and keep thriving!
