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Daily News Summary 26/9

September 26, 2024 Tóth Balázs
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Truflation Attacked

The cryptoproject Truflation, backed by Coinbase Ventures, has been hit by a hacking attack. Hackers managed to steal approximately $5 million from treasury multisig and personal wallets. The company has confirmed the exploit and is cooperating with law enforcement agencies. Currently, many services on the platform are unavailable, and those that are functioning have limited liquidity.

PayPal Expands its Crypto Services

The Silicon Valley-based payment company PayPal has announced that it will soon allow its U.S. business clients to buy, sell, hold, and transact with crypto assets. The company has already launched several initiatives aimed at gaining market share among businesses and customers operating in the digital assets industry.

Kamala Harris and Blockchain

In a speech, Vice President Kamala Harris stated that under her leadership, the United States would recommit to global leadership in sectors defining the next century, remaining dominant in areas like artificial intelligence, quantum computing, blockchain, and other emerging technologies. However, her campaign tours have not touched on the crypto sector.

Ethena Plans to Launch a New Stablecoin

The Ethena DeFi platform and Securitize have announced a partnership to launch a new stablecoin. The token, which will be introduced under the name UStb, is expected to function like traditional stablecoins and will likely be backed by BlackRock’s USD institutional digital liquidity fund.

Taurus Expands with a New Partner

Swiss digital asset infrastructure provider Taurus has partnered with Aktionariat AG, a company specializing in tokenization. Under this agreement, Taurus will provide the necessary infrastructure for Ethereum-based tokenized shares issued by Aktionariat, and in return, these tokenized securities will be available on the Taurus Digital eXchange platform. The partnership will commence in November.

Avalanche Launches a $40 Million Grant Program

The Avalanche blockchain network foundation has announced a $40 million grant program to support developers. The Retro9000 program is a retroactive grant initiative linked to the recent Avalanche9000 update, which provides developers with a simpler and more cost-effective way to create L1 blockchains. The program’s goal is to build a strong developer team that sees potential in new technical solutions to bring their products or businesses to the masses.

South Korea Fines Worldcoin

South Korea’s regulatory authority has imposed a fine of 1.1 billion Korean won ($829,000) on the Worldcoin Foundation and its subsidiary, Tools For Humanity (TFH), for violating the country’s personal data protection laws. In addition, the supervisory committee has issued corrective orders and required improvements for the Worldcoin Foundation.
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