Major crypto/blockchain news of the day summarized in a way that you don’t miss a single news without having to spend a lot of time.
1. Crypto Exchange Upbit Confirms Theft of $49M in Ether
South Korean crypto exchange Upbit has lost cryptocurrency worth $49 million, the exchange has confirmed. Upbit’s CEO said in a blog post at 9:00 UTC on Wednesday that an abnormal transaction from its wallets had resulted in the outflow of 342,000 ether (ETH) earlier today. Read More
2. Former UBS Banker Launches Digital Securities Platform Tokenyz
A new startup launched by a veteran of global bank UBS is entering the increasingly crowded field of platforms for issuing digital securities on a blockchain. Claude Waelchli left the Swiss bank, where he was head of portfolio advisory for global ultra-high net worth and institutional clients in July. During his 12 years at the bank, Waelchli explored the blockchain space and learned about digital assets in the process. Read More
3. Simon Malls Has 5 New Bitcoin ATMs With Bitstop Partnership
Crypto ATM provider Bitstop is rolling out new machines in partnership with the U.S.’s largest retail shopping mall operator. Bitstop installed five bitcoin ATMs in Simon Property Group locations over the past month – in Carlsbad Premium Outlets in Carlsbad, California, Mall of Georgia in Buford, Georgia, Miami International Mall in Miami, Sawgrass Mills in Sunrise, and The Avenues in Jacksonville, Florida – expanding the company’s exposure to first-time bitcoiners as it eyes a booming crypto ATM market. Read More
4. Swiss Executive Branch Calls for Improved Regulations for Blockchain
The Federal Council of Switzerland — the country’s executive governing body — has called for a better regulatory framework for blockchain and distributed ledger technology (DLT) in the country. According to an official announcement released on Nov. 27, the Federal Council adopted a dispatch explaining its priorities for improving blockchain and DLT legislation. The proposal targets legal certainty in the sector, as well as eliminating barriers for blockchain-based applications and reducing the risk of abuse. Read More
5. Stablecoins Can Temper US Dollar Hegemony Risks, Says Non-Profit Exec
Stablecoins have the potential to temper the systemic threats posed by the United States dollar’s domination of global foreign currency reserves, according to an opinion piece published by the World Economic Forum (WEF). The argument was made by the Fusion Foundation’s John Liu and Lapa Capital’s Peter Lyons in an article published on the WEF’s Agenda on Nov. 26 Read More
6. New Crypto-Stealing Malware Infected 80,000 Computers, Microsoft Says
The Microsoft Defender ATP research team shares insights on a new cryptocurrency-stealing malware variant that has infected close to 80,000 computers. On Nov. 26, Microsoft security analysts revealed that the malware, called Dexphot, had already infected close to 80,000 devices since October 2018, reaching its peak in the month of June of this year. Read More
