4 February

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5:58 AM UTC
4 February

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5:58 AM

Crypto News – December 29

Binance warns about 3Commas API leak and says users should disable keys

Changpeng Zhao, CEO of Binance,  said that there were “wide spread API key leaks” from trading-bot platform 3Commas after a new speculation emerged on social media on Wednesday.

The 3Commas team was alerted to the incident on October 10, when FTX API keys connected to the platform used to perform unauthorized trades.

Manchester United accused of copying work of NFT artist DesLucrece

An official NFT collection from the Manchester United Football Club has been accused of looking a little too much like “The Devils, the work of a popular NFT artist known for his colorful animated monsters that currently has a floor price of 17.5 ETH, or $20,825 on OpenSea.

Japan to lift ban on foreign-issued stablecoins

Japan’s Financial Services Agency (FSA) plans to allow the circulation of foreign-issued stablecoins in the local market next year. The regulation may come into effect in 2023 alongside the “Revised Payment Services Act”. The FSA reportedly said greenlighting overseas stablecoins will require stricter anti-money laundering measures.

Russia’s largest bank issued gold-backed digital financial assets

On December 26, Sber, Russia’s largest bank, formerly known as Sberbank, reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization.

Alexander Vedyakhin, the first deputy chairman of the Executive Board at Sber stated that these types of DFAs are an alternative to traditional investments amid the dedollarization, caused by the international financial sanctions imposed on Russia in the aftermath of its invasion to Ukraine.

According to juridical documentation of the issuance, the bank will provide up to 150,000 DFAs for potential investors to buy.The DFAs will be available to acquire until July 30, 2023.

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Mark Cuban Doubles Down on Bitcoin While Dissing Gold Billionaire tech entrepreneur Mark Cuban is still bullish on Bitcoin, saying that he wants the price

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