Several cryptocurrency and digital asset regulators around the world are taking action, while Bitcoin, the leading cryptocurrency in the market, continues its upward trend. These news and more in this practical summary so that you are always informed with the most recent events that occur within the crypto world.
📍 In Germany, the Federal Financial Supervisory Authority (BaFin) closed the operations of KKT UG, one of the leading ATM providers for Bitcoin y cryptocurrencies, in the country. The decision taken by BaFin is due to the fact that KKT UG was operating without a license within German territory, and the provider had already received a advertisements by the regulator to close its operations in the month of March. During this same month, the regulator also announced that cryptocurrencies will enjoy a new classification, which allows these digital assets to be used as financial instruments for investment.
📍 In Japan, regulators are also focused on the development of digital assets, but this time referring to the creation of a currency CBDC controlled by the country's Central Bank. Ryozo Himino, chairman of the FSA, Japan's top financial regulator, said Cryptocurrency trading does not necessarily promote technical innovation, so caution and foresight are needed in its development. Himino also said that Japan should focus its efforts on developing a strong CBDC to address issues such as a cashless society due to the COVID-19 pandemic. Himino's statements confirm that the nation is not considering taking special measures to promote cryptocurrencies.
📍 On the other hand, in China they are already being carried out pruebas to wallets or Wallets that will operate with the digital yuan (DCEP)). The tests are being carried out by commercial banks in the Asian country, which is getting closer to the official launch of its new digital currency. The nation has strict regulations around cryptocurrencies, but is leading the way in developing a digital currency issued by its central bank, a race that has been joined by several central banks around the world, including Spain, France, Jamaica, South Korea, Japan and Lithuania.
📍 Bitcoin's value continues to enjoy an upward trend. As of this writing, the price of the leading cryptocurrency remains close to $12.000 USD, with a range between $11,560 USD and $11.898 USD, according to data from Investing. The portal also reflects a 6,20% growth in the value of the cryptocurrency, which last week was between the $10.500 USD.
📍 The DEX, decentralized exchanges for cryptocurrencies, also continue to experience incredible traffic. Uniswap, Balancer y CurveFinance, the main Ethereum DEXs, are the ones that handle the majority of the transactions that occur within these stores. The exchanges reflect a growth of 19%, as shown Dune Analytics.
📍 2Gether faces new problems. Users and investors affected by the hacking of the platform claimed that they would not accept token 2GT as payment for the losses suffered. The rejection of the new token is due to the fact that there is no set date for the launch of 2GT and the value of the asset is still uncertain due to the fact that the company's shares may plummet due to the hack.
📍 In safety, Canon, the famous camera brand, was the victim of a hack where around 10 TB of information were leaked by hackers. Those responsible for the attack were the group Maze, who are asking for a ransom to return the stolen data, which includes information about several internal applications and even the company's official email.
📍 In other security news, Intel and 50 other companies have suffered a leak of confidential data due to a security and configuration failure in a Git repository that has allowed public access to said information. The data has been collected and made public by the security consultant Tillie Kottman on their Twitter account, where more than 20 GB of information has been made public in a first leak. Among the data made public are driver source code, debugging programs, schematic designs of Intel chips and processors, product analysis, technical and engineering data. In addition, other affected companies include Lenovo, Microsoft, Nintendo and more.
Continue reading: Researcher discovers security vulnerability in ledger that allows spending Bitcoin with fully valid signatures
