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Today in Crypto: Trezor and The Sandbox Issue Security Warnings, Cronos Launches New DEX, Three Japanese Banks Ready to Test Stablecoins on Japan Open Chain


Today in Crypto: Trezor and The Sandbox Issue Security Warnings, Cronos Launches New DEX, Three Japanese Banks Ready to Test Stablecoins on Japan Open Chain

Source: Adobe Stock / Mucahiddin

Get your daily digest of crypto-asset and blockchain-related news – by investigating stories that fly under the radar in today’s crypto news.

Security news

  • Hardware crypto wallet provider Trezor warned its users of a new phishing attack targeting their private keys and crypto investments. “Attackers contact victims via phone, text, and/or email to say there has been a security breach or suspicious activity on their Trezor account. Please disregard these messages as they are not from Trezor,” the company said. said on Twitter.
  • Blockchain based metaverse company The sandbox issued a warning to users about a security breach, stating that an unauthorized third party had accessed an employee’s computer and sent a fraudulent email to platform users. “This email, titled “Access to Sandbox Game (PURELAND)” included hyperlinks to malware that could remotely install malware on a user’s computer, allowing the user to control the machine and access the user’s personal information,” he said.

DeFi News

  • Chronos announced the launch of Fulcrom, a decentralized perpetual exchange for professional traders. “Users can trade leveraged positions up to 25x with minimal fees and low price impact,” a press release read. Initially incubated by Cronos Laboratories, Fulcrom is built on the Cronos EVM chain-compatible layer-1 blockchain network built on the Cosmos SDK. It is powered by two utility tokens: its native governance token FUL, which can be staked for rewards and revenue, and its native liquidity token FLP, an index token comprised of blue chip assets such as BTC, ETH and stablecoins, he said.
  • Web3 Services Platform Chain link announced the launch of Chain link functions, a new Web3 serverless development platform. It allows developers to connect their decentralized applications (dapps) or smart contracts to any Web2 API and run custom calculations on it in minutes using Chainlink’s network. “It can be done with just a few lines of code and without the need to maintain additional infrastructure,” he said, noting integrations for Amazon Web Services (AWS), Meta, PAand more.

Stablecoin News

  • Three Japanese banks – the Tokyo Kiraboshi Financial Group, Minna no bankAnd The Shikoku Bank – will test stablecoins on an Ethereum compatible blockchain, the Japan Open Channel. Banks will issue their own coins, compatible with major wallets like Metamask, initially focusing on issuing and transferring e-money, according to a report. Future tests could involve local governments and private companies to develop a stablecoin system that meets legal requirements using a new proof of concept.

Portfolio News

  • American e-commerce platform Robin Hood announced that its self-custodial crypto wallet app “officially rolled out to all iOS users on the 1M+ waitlist,” and is now available globally through the Apple app store, said the announcement. While the app first launched with Polygon, the company has now added support for Ethereum with over 50 ERC tokens. It also added support for NFTs on Ethereum and Polygon.

Exchange news

  • bitget announced direct integration with charting and trading platform TradingView, which “will extend the usability of Bitget’s service, providing users with the ability to trade crypto without leaving the TradingView interface and make more informed and professional decisions,” the press release reads. Users can access advanced analytical instruments, learn new strategies, and trade perpetual futures right from the TradingView interface.
  • Bitpanda announced the launch of Spotlight on Bitpanda, a platform feature designed to give customers access to early-stage crypto projects. The feature will give clients the ability to explore and subscribe to coin listings before trading is enabled. They can subscribe to a specific project and will become eligible to earn free tokens as well as receive a notification when the coin goes live, the announcement said. All offered cryptocurrencies and tokens must go through the same verification process as any other asset listed on the Bitpanda brokerage platform, he added.

Regulatory News

  • sumsub, a global technology company that provides customizable KYC, KYB, AML and transaction monitoring solutions, has launched a Travel Rule solution for the crypto industry, offering a comprehensive compliance toolkit throughout the lifecycle of the client, says a press release. “This includes secure transfers of travel rules information between Virtual Asset Service Providers (VASPs), all necessary KYC verifications, AML screening and verification orchestration based on regulatory specifics and business needs,” he explained.

Metaverse News

  • Deloittea provider of audit, advisory, tax and advisory services, and a technology provider vatom said they would give “in-person and virtual attendees the opportunity to learn more about how to expand their business in the metaverse” by announcing the launch of an immersive experience platform that allows companies to create virtual spaces for customers, partners and employees. The platform combines Deloitte’s unlimited reality services and Vatom’s virtual spaces capability and includes an integrated digital wallet to offer loyalty points, POS redemption, etc., they said.

Mining News

  • Bitcoin (BTC) miner TeraWulf said it has completed its previously announced subscribed public offering of 40,764,706 common shares, including 4 million shares sold following the partial exercise of the underwriter’s option to purchase additional shares. According to the press release, the shares were issued at a public offering price of $0.68 per share for aggregate gross proceeds of $27,720,000, before expenses. TeraWulf intends to use the net proceeds of the offering for “general corporate purposes, which may include working capital and/or capital expenditures,” he said.

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.