CryptoSlate Wrapped Daily: Binance auditor confirms reserves, 3AC founders subpoenaed, and Crypto Twitter drama

The biggest news in the cryptoverse for Dec. 6 includes Polygon co-founder hitting back against ‘jealous’ competition, Crypto.com CEO addressing ‘FUD,’ Binance auditors confirming Bitcoin reserves, and more. CryptoSlate Top Stories Polygon co-founder addresses criticisms the project is just as bad as Solana Polygon co-founder Sandeep Nailwal went on the defense against “ecosystems who are…

Canada’s Biggest Pension fund CPPI dropped crypto investment plan amid unstable markets

Canadian pension fund CPP Investments which manages $388 billion for roughly 20 million Canadians, has given up its crypto investment plan after a year-long study of crypto investment opportunities, according to Reuters sources. Early in 2021, CPPI’s Alpha Generation Lab, which studies emerging investment trends, formed a three-member team to research cryptocurrencies and blockchain businesses….

US DOJ charges former CTO of blockchain company for fraud scheme

The US Department of Justice said it has arrested Rikesh Thapa, the former chief technology officer of a blockchain company, for allegedly defrauding his company of over $1 million. The DOJ did not name the company in its Dec. 7 news release. Thapa’s LinkedIn reveals that he co-founded the blockchain company Blockparty in 2017 and…

ECB’s Fabio Panetta says crypto needs regulation to maintain stability

European Central Bank official Fabio Panetta has argued that the crypto market cannot be trustless and stable without adequate transparency and regulatory safeguards. Panetta while speaking at the London School of Economics on Dec. 7, said that the FTX implosion showed that crypto was a bubble waiting for the right time to burst. It exposed…

Research: Bitcoin held by miners sinks to 1 year lows; Poolin culpable

Bitcoin miners are facing a challenging time due to ongoing price uncertainty and global energy shortages. In addition, macro factors have conspired to raise the cost of borrowing, while access to capital is also drying up as risk appetite dwindles in the face of recessionary pressures. This situation is particularly bad for publically traded miners,…

The Majilis approve new crypto regulation bill in Kazakhstan

The Majilis have approved the new bill “On Digital Assets of the Republic of Kazakhstan” governing the regulation of crypto assets alongside four other crypto mining regulation bills in Kazakhstan. 1/9New crypto regulations in Kazakhstan. Again. The Majilis approved the bill “On Digital Assets of the Republic of Kazakhstan”, as well as four related bills…

Polygon co-founder addresses criticisms the project is just as bad as Solana

Polygon co-founder Sandeep Nailwal went on the defense against “ecosystems who are feeling defeated & jealous.” The comment was motivated by a tweet from Mert Mumtaz, the co-founder, and CEO of Helius Labs, who pointed out Polygon had received more VC money than Solana and had used the funding to “pay people to use the…

Attackers use name of lead exchanges to target crypto startups

Tech giant Microsoft uncovered an attack targeting crypto startups using a pdf file that uses the names OKX, Binance, and Huobi. The pdf file is titled “OKX, Binance & Huobi VIP fee comparison.xls.” and includes a malicious code that allows the attackers to access the victim’s software remotely, and run an excel macro in invisible…

OneCoin crisis manager Frank Schneider to face trial in the US

The U.S. Department of Justice (DOJ) has revisited its case against Frank Schneider who served as the Crisis Manager for OneCoin — a $4 billion scam project. OneCoin was a crypto-based Ponzi scheme led by Bulgarian national Ruja Ignatova in 2014. The scam project collapsed in 2017 after raising about $4 billion from investors across…

Winamp desktop player to support NFT audios

Windows media player Winamp latest desktop version would allow support of non-fungible tokens, allowing users to play audio files in NFT. We are proud to announce a new version (5.9.1) for our Desktop player. This new version reduces Winamp’s memory footprint and upgrades security among many other improvements, it also allows you to play your…