CryptoBlog n.2216
South Korea now requires defunct crypto exchanges to obtain insurance to protect users' assets even after closure. Initially, only operational Virtual Asset Service Providers (VASPs) needed insurance under the Virtual Asset User Protection Act, enforced last month.
CryptoBlog n.2215
🚨 Hackers compromise McDonald’s Instagram account to conduct $700k rug pull Fast food chain McDonald’s’ Instagram profile promoted a scam memecoin deployed on Solana (SOL) after being compromised. The token — called GRIMACE — hit a $25 million market capitalization within two hours of its launch before it was rugged and lost more than 95% of its value. The scammers, who identified themselves as “India_X_Kr3w,” claim to have snagged roughly $700,000 from investors who believed the memecoin was an official McDonald’s’ token.
CryptoBlog n.2214
🖼 Rarible NFT Marketplace Adds Support For Aptos NFT Collections Rarible, a multi-chain digital assets market platform that lets users buy, sell, and create non-fungible tokens, announces that it has integrated Aptos-based NFTs into their platform. Rarible has launched a new non-fungible token collection to commemorate the arrival of Aptos NFTs on its NFT market platform.
CryptoBlog n.2213
Coinbase has submitted another set of concerns to the SEC regarding the agency’s proposal to expand the definition of ‘exchange’ under Rule 3b-16 to include Decentralized Exchanges (DEXs). Coinbase argued that the SEC’s proposal lacks critical analysis, rests on irrational assumptions, fails to show that there is any problem in need of regulation, and vastly overstates the proposal’s purported benefits. Coinbase urged for the proposal to be withdrawn and rewritten.