WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Table of Contents
News
Global
Crypto Aid Israel Initiates Fundraising Drive in Response to Hamas Attacks
- Israeli Crypto and Web3 Communities Launch ‘Crypto Aid Israel’ for War-Affected Citizens
- The Crypto Aid Israel can collect donations in 12 cryptocurrencies from across the world.
Hong Kong Police Issue Warning as Binance Users Lose $450K to Text Message Scam
- The authorities in Hong Kong have issued a warning after 11 Binance users in Hong Kong were the target of a spate of text message phishing schemes.
- In the past two weeks, 11 Binance clients from Hong Kong have reported losses totaling more than $446,000.
FCA Calls for Limitations on Binance UK Advertising Approvals
- FCA Places Restrictions on Rebuilding Society’s Crypto Promotion Approvals in Partnership with Binance
- Rebuilding Society must withdraw prior approvals for financial promotions to unauthorized entities by Wednesday.
Israel Takes Action Against Binance Crypto Accounts Linked to Hamas
- Israeli authorities freeze cryptocurrency accounts tied to Hamas.
- Binance aids Israeli police in closing down Hamas-linked accounts.
G20 Embraces IMF-FSB Synthesis Paper for Comprehensive Crypto Regulation
- The G20, European, and African Union unanimously accepted the G20 Finance Ministers and Central Bank Governors Communique.
- One of its top recommendations is for regulators to collaborate across borders and share information.
Platform and Tokens
Upbit: Battling 159K Hacking Attempts in H1 2023
- According to Upbit’s running company, hackers have targeted the South Korean cryptocurrency exchange more than 159,000 times in the first half of 2023.
- There has been a staggering 1,800% increase since the first half of 2020 and a growth of 117% since the first half of 2022.
Prosecutors Downplay SBF’s $500M Anthropic Stake in Legal Case
- SBF should not be allowed to mention the recent fundraising efforts of the AI startup Anthropic in his defense.
- The legal team representing SBF intends to offer proof of the market worth of the $500 million SBF invested in Anthropic.
UK Financial Watchdog Puts KuCoin, Huobi in Warning List of Unauthorized Firms
- Bybit and PayPal have recently withdrawn certain services from the U.K
- The FCA has added 143 new entities to its warning list of non-authorised firms
3Commas Increases Security Measures Following Multiple User Account Breaches
- 3Commas is on “heightened alert” following the hacking of some of its users’ accounts and the subsequent use of those accounts to execute trades.
- According to 3Commas, most accounts with unauthorized trades had no two-factor authentication (2FA) setup.
Court authorizes Genesis debtors to pay $175 million to FTX
- Judge has also expunged multiple claims by the FTX debtors against Genesis
- Genesis debtors are officially authorized to now pay $175 million to FTX.
Platypus drained for $2M in 3rd Flash Loan Attack
- Platypus Finance, a DeFi protocol on the Avalanche network, has experienced another security breach.
- PeckShield has verified the breach, which has led to over $2 million in losses for the platform.
Former Voyager Digital CEO Faces CFTC and FTC Lawsuits for Fraud
- Stephen Ehrlich is the target of concurrent lawsuits brought by the FTC and the United States CFTC.
- The commission intended to pursue permanent trading and registration prohibitions, disgorgement, restitution, and civil monetary penalties.
Project Updates
Blur Will Announce Season 2’s Conclusion on November 20
Blur hinted on October 10th that Season 2 will conclude on November 20th through a tweet. This is the first message from the official account that it has sent since July 27th. Founder Pacman stated in September that they were staying quiet on social media in order to concentrate on growth.
The Uniswap Foundation is requesting a $46.2 million DAO allocation.
The Uniswap Foundation announced on October 11th that they would want to request the remaining $46.2 million from their original fundraising effort from last year to be disbursed over the following two years to support their activities. Additionally, they have suggested raising the buffer by 10% in order to lessen price swings.
Validator Problems Cause 20 Slashing Incidents for Lido Finance
Lido Finance tweeted on October 12th that a number of infrastructure and signing setup problems with validators run by Launchnodes were the cause of 20 cutting occurrences on their protocol.
Podcasts and Interviews
- Interview with Ruud Feltkamp, founder of Cryptohopper
- “When the Next Crypto Bull Market Starts” podcast by Thinking Crypto
- “Ethereum ETFs: Everything You Need To Know” podcast by BankLess
Job Listings
- Lead Solidity Engineer | Ebay
- UX Engineer and Staff Rust Engineer | Aave
- Product Manager | L2 Blockchain
- Senior Operations Security Expert | Ethereum Foundation
- Distributed Systems Applied Researcher | Logos Nomos
Looking for an internship? Don’t worry; we’ve got you covered this week.
- Nethermind Internship Program
2k23 Events
- Ethereum México on October 21
- ETH Hong Kong from October 22 to October 24
- ETHLondon Hackathon from October 27 to October 29
- ETH Miami festival & hackathon from October 27 to October 29
- Paradigm CTF from October 28 to October 30
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!
