Tether Partners with INHOPE to Fight CSAM, Mango Labs Sues Exploiter, “UK Needs to Act Faster” on Crypto Regulation

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Source: Adobe Stock / Photocreo Bednarek

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Security News Tether, the company operating the blockchain-enabled tether.to platform that powers the USDT stablecoin, has announced that it will be collaborating with INHOPE, a global Child Sexual Abuse (CSAM) network in online, to share information, facilitate conversations among stakeholders, and take action to drive bad actors out of the crypto ecosystem. Tether is the first cryptocurrency to take a stand with INHOPE against CSAM, the announcement said. Mango Markets DeFi lending protocol developer Mango Labs is suing Avraham Eisenberg, the exploiter of the Solana-based platform for the $47 million Eisenberg allegedly owns from the exploit plus damages . According to the complaint, the lawsuit seeks to void an agreement between Mango DAO and Eisenberg, made after the exploit, to return $67 million of the total $114 million stolen. Because the DAO’s $10 million insurance fund was insufficient to cover depositors’ losses, it was forced to agree to the deal under duress, he claimed. countries must act faster to establish a more effective regulatory regime for digital assets. “The UK needs to lead in this post-Brexit,” Hammond told the Financial Times. “He let himself slip behind. Switzerland is further ahead. The EU is also moving faster. There must be an appetite to take a measured risk. “The Dutch central bank, or De Nederlandsche Bank (DNB), has fined the European branch of the crypto exchange Coinbase EUR 3.3 million ($3.6 million)” because Coinbase has provided crypto services in the Netherlands. in the past without registration with DNB, which is not in accordance with the law,” according to the press release. The regulator said Coinbase operated without being registered between November 15, 2020 and August 24, 2022, adding that “DNB reduced the fine by 5% because Coinbase had always intended to obtain registration from DNB”. DeFi newsDecentralized Finance (DeFi) Lending platform Aave is set to launch the third version of its protocol on Ethereum after the successful vote of a Decentralized Autonomous Organization (DAO). Aave v3 will launch with support for seven assets: AAVE, LINK, WBTC, WETH, wstETH, USDC, and DAI. Pricing for all assets except WBTC and wstETH will come directly from a Chainlink feed. Web3 identity solution Quadrata announced that it has partnered with nine DeFi protocols: TrueFi, Archblock, BSOS, Frigg.Eco, Cred Protocol, Chelo Finance, CR Square, Chee Finance and SPACE. “Quadrata’s Passport Network will provide identity verification to users of each protocol, providing an imperative measure of safety and security,” the press release said. Exchange news Bitpanda announced the launch of Bitpanda Technology Solutions, an infrastructure investment as a service available in Europe and worldwide. Already serving more than 20 million customers in 25 countries with its initial white-label API, Bitpanda Technologies Solution is now adding features, asset classes and multiple regulatory licenses to its offering, he said. The platform now enables fintechs, traditional banks and online platforms to offer trading, investment and custody services on stocks/ETFs, cryptocurrencies, precious metals and commodities. a range of single-coin, multi-coin and thematic indices, providing institutional investors with access to the growing over-the-counter (OTC) crypto derivatives market and “enhanced ability to conduct safe and regulated transactions”, said a press release. Gaming NewsMana Games, a Multi-Channel Web3 Game Launcher and Social eSports App, Said It Will Introduce a Unique Win-Win P2P Competition Model with Identity Built on the Blockchain Concordium. The new feature, which is expected to launch by the end of January, will allow players to participate in Web2 AAA games and earn Web3 rewards, he added.

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