Issue #75

Regulation

1. SBF's trial is approaching an end

-- SBF testified: denied knowledge of fraud at FTX, suggested CTO was partly responsible, criticized Caroline Ellison's experience/skills, said he knew "basically nothing" about crypto when launching Alameda

2. Singapore High Court allows iSanctuary to tokenize a court-issued worldwide freeze order

-- iSanctuary will send the tokens to wallets associated with hackers

3. Blockchain forensics firm CipherBlade suing new leadership for allegedly executing a hostile takeover

-- Suit alleges misappropriation of trade secrets, unfair competition, and racketeering

4. Solana's largest DeFi protocol Marinade Finance withdraws from UK market due to compliance concerns over FCA regulations

5. SEC scores win against Thor Technologies for conducting an unregistered securities offering

-- Resulting in a disgorgement of $745k with prejudgment interest of $159k

Infrastructure

1. LayerZero faces criticism over its wstETH token

-- Released a bridge token of Lido's wrapped staked ether token but didn’t wait for Lido DAO’s permission before deployment

2. Security researcher Antoine Riard is stepping away from Lightning Network after exposing security vulnerability

-- The network is vulnerable to replacement cycling attacks, which can jeopardize the security of funds

3. Base launches 8-week training course for blockchain developers

-- Program will provide mentors, office hours, and assignments

-- A deposit of 1 ETH is required to ensure completion of the program

4. Bitmain releases new air-cooled Bitcoin miner, the Antminer T21

5. dYdX launches its Cosmos-based L1 blockchain

-- Transitioned from a L2 network on Ethereum

6. POL contracts go live on Ethereum as part of Polygon 2.0

-- POL is replacing MATIC

-- Upgrade to POL requires users to send MATIC to the upgrade smart contract, which will automatically return an equivalent amount of POL

7. Solana Labs is launching an incubator program

Finance

1. JP Morgan's JPM Coin handles over $1B in daily transactions, according to Head of Payments at JP Morgan

-- JPM Coin is currently only available to the bank's wholesale clients but the plan is to expand it to retail consumers

2. Fred Ehrsam, Co-Founder of Paradigm, steps down as Managing Partner

-- Will transition to General Partner and focus less on the day-to-day management of the fund

-- Wants to explore science in spare time

3. MoonPay partners with Mastercard

-- MoonPay will integrate Mastercard’s tools like Send, Crypto Credentials, and Click-to-Pay into its services

4. Euroclear unveils RWA tokenization service with World Bank's 100M Euros digital bond issuance

-- Euroclear is a major clearinghouse that settles and clears securities trades executed on European exchanges

5. Deutsche Bank and Standard Chartered complete first stablecoin swaps on the Universal Digital Payments Network (UDPN)

-- UDPN is a permissioned blockchain network composed of validator nodes run by an alliance of banks, financial institutions, and consultancies

6. Nym Technologies secures $300M for an Innovation Fund

-- Focused on investing in privacy and open-source projects

7. Binance Head of UK Ops departs from the company

8. Zodia Markets, a crypto exchange backed by Standard Chartered, granted registration as a VASP in Ireland

9. BlockFi has officially emerged from bankruptcy, allowing it to begin repaying creditors

Consumer

1. Circle launches "points-to-crypto" program with Taiwanese convenience store chain

-- Allows customers to exchange loyalty points for USDC

2. Mobile game NFL Rivals is closing in on 3M sign-ups

Security

1. Ledger rolls out new "Recover" service

-- Provides a backup for users' recovery seed phrase

Research

1. Application of redactable and sanitizable signature schemes in decentralized identity systems (source)

-- Alternative to MPC and zero-knowledge proofs for privacy-preserving identity verification

2. Towards practical privacy-preserving convolutional neural networks (CNN) exploiting fully homomorphic encryption (source)

-- Reducing the latency of encrypted CNN to 1.4 seconds on an NVIDIA A100 GPU and to a mere 0.03 seconds with a custom hardware design

3. Exploring the risks and challenges of national electronic identity systems (source)

4. Low latency DAG consensus with fast commit path (source)

-- 1st Byzantine protocol to achieve WAN latency of 0.5s for consensus commit at a throughput of over 50k TPS

5. Quantum key leasing (source)

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