CypherPunkCoin(CYP)

Known for popularizing the term “singularity,” the cypherpunk writer, who died this week, was prophetic about the age of artificial intelligence and cryptocurrency.

[PRESS RELEASE – Limassol, Cyprus, January 16th, 2024] The latest 1xBit tournament offers a grand prize pool of 600 mBTC and 300 Free Spins to 20 winners. 1xBit, a leader in online crypto-based gambling, has launched the “DRAGON’S TREASURE” tournament to celebrate the new year. Participants are invited to play their favorite slots from top […]

Ethereum co-founder Vitalik Buterin has posted his end-of-year thoughts regarding the network and returning it to its cypherpunk roots.

[PRESS RELEASE – Dubai, United Arab Emirates, November 8th, 2023] Day 2 of the 26th global World Blockchain Summit in Dubai witnessed a game-changing announcement as Cypher Capital and Master Ventures revealed their strategic investments in Common Wealth. In a major development on the 2nd day of the 26th global edition of the World Blockchain […]

The Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law.

According to eToro deputy CEO Hedva Ber, Europe is “hugely important” for the firm as the majority of eToro users are based in the region.

eToro has secured the nod from the Cyprus Securities and Exchange Commission (CySEC) for its Crypto Asset Service Provider (CASP) registration.

The Riga cypherpunk reunion convened around the Lightning Network, privacy and a strong anti-CBDC sentiment.

Couched in a sea of pop culture references and feel-good jargon lays Cypher Protocols' decision to “socialize” its losses.

Cypher announced that losses from the exploit will be distributed among users in an initial stage, then compensated through protocol revenue when the platform relaunches.

Cypher's IDO will test whether it can recapture momentum.

Solana-based Cypher Protocol has managed to stop around $600,000 of stolen funds from exiting various centralized exchanges.

The $5 million investment from Binance Labs in the CRV token is part of a strategic deal under which Curve will explore deployment to the BNB Chain. Let’s find out more. Ethereum Less than a day after PayPal’s huge announcement, Ethereum became flooded by imposter tokens trying to ride the hype. DeFi The Curve protocol is trying to track down the lost funds and the hacker by offering a $1.85 million reward to anyone identifying the exploiter. Binance Labs, the venture capital and incubation division of Binance, has plunged $5 million into the Curve DAO Token (CRV), cementing its stance in the DeFi realm. The MakerDAO founder, Rune Christensen, announced an airdrop for the Spark Protocol’s native SPK token. The Aave community has started voting on three crucial proposals that could help significantly reduce the protocol’s exposure to Curve Finance’s CRV token. Cardano-based DEX, MuesliSwap, has taken the decision to refund users who faced unintended losses due to slippage mechanics on the platform. Solana-based DEX, Cypher Protocol, disclosed on August 7th that a significant security breach occurred on their platform. Altcoins Yield Guild Games surged nearly 600% in less than a week, smashing through the top gainers' charts before abruptly crashing. Business Asian crypto exchange, Huobi, is doing its best to dispel the arrest and financial stability rumors that have led to a flight of funds. As Bitcoin breaks higher, rating agency Moody’s downgraded 10 US banks on Monday, with negative rating actions on many more. In a groundbreaking move, video game commerce giant Xsolla has teamed up with cryptocurrency platform, Crypto.com. OPNX, the newly launched crypto exchange by founders of the now-defunct Three Arrows Capital (3AC), has reportedly launched a bid to take over struggling crypto lender Hodlnaut. Binance has published its August 2023 reserve report, showcasing a reserve ratio well over 100% for all of its major cryptocurrency holdings. Regulation South Korean authorities have arrested the CEO of the Bitsonic crypto exchange, Jinwook Shin, for allegedly stealing $7.5 million dollars of user funds. The Federal Reserve has issued a new announcement obliging banks to jump through extremely exacting requirements in order to do business with crypto entities. Crypto exchange Bittrex has agreed to a $24 million settlement with the SEC, bringing to close allegations of offering unregistered securities to American investors. The French financial regulator announced amendments to its registration requirements for digital asset service providers as it prepares for MiCA’s implementation. Hong Kong’s Securities and Futures Commission (SFC) issued a warning addressing investors against crypto platforms “engaging in improper practices.” Bitstamp announced that it would suspend trading for several cryptocurrencies identified as securities by the SEC in cases against Binance and Coinbase. Binance announced that it had become the first fully licensed cryptocurrency trading platform in the country of El Salvador. Stakeholders of blockchain-based trading protocol Mango Markets are grappling with financial challenges as the platform faces mounting legal expenses in the aftermath of its exploit. Blockchain.com has secured a payments license from Singapore's regulatory body, the Monetary Authority of Singapore (MAS). Prominent crypto analyst and investor Adam Cochran has called into question the solvency of Huobi, the 12th largest cryptocurrency exchange globally by spot trading volume. Web3 India has challenged its residents to develop an indigenous web browser with the feature of signing documents digitally through crypto tokens. The waitlist for the integration of a self-custody wallet, TON Space, within Telegram Messenger, is now available for developers. The new collaboration between Microsoft and Aptos Labs will use the best of AI and blockchain technologies to drive Web3 to the masses. Prominent stablecoin issuer Circle announces the launch of its Web3 Programmable Wallets public beta version for developers on three blockchains. Security Venture capital firm Blockchain Capital fell victim to a sophisticated phishing scam after its social media account on X, previously known as Twitter, was hijacked. DeFi stalwart, MakerDAO, is facing heightened scrutiny after the introduction of its new platform, Spark Protocol. Steadefi has become the latest DeFi entity to be hit with an exploit, with the company stating in a tweet on X that all the funds it currently holds are at risk of becoming irrecoverable. Alchemix, a lending platform, has reported that all the funds stolen by the Curve Finance hacker from Alchemix’s alETH-ETH pool have been returned. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The $5 million investment from Binance Labs in the CRV token is part of a strategic deal under which Curve will explore deployment to the BNB Chain. Let’s find out more. Ethereum Less than a day after PayPal’s huge announcement, Ethereum became flooded by imposter tokens trying to ride the hype. DeFi The Curve protocol is trying to track down the lost funds and the hacker by offering a $1.85 million reward to anyone identifying the exploiter. Binance Labs, the venture capital and incubation division of Binance, has plunged $5 million into the Curve DAO Token (CRV), cementing its stance in the DeFi realm. The MakerDAO founder, Rune Christensen, announced an airdrop for the Spark Protocol’s native SPK token. The Aave community has started voting on three crucial proposals that could help significantly reduce the protocol’s exposure to Curve Finance’s CRV token. Cardano-based DEX, MuesliSwap, has taken the decision to refund users who faced unintended losses due to slippage mechanics on the platform. Solana-based DEX, Cypher Protocol, disclosed on August 7th that a significant security breach occurred on their platform. Altcoins Yield Guild Games surged nearly 600% in less than a week, smashing through the top gainers' charts before abruptly crashing. Business Asian crypto exchange, Huobi, is doing its best to dispel the arrest and financial stability rumors that have led to a flight of funds. As Bitcoin breaks higher, rating agency Moody’s downgraded 10 US banks on Monday, with negative rating actions on many more. In a groundbreaking move, video game commerce giant Xsolla has teamed up with cryptocurrency platform, Crypto.com. OPNX, the newly launched crypto exchange by founders of the now-defunct Three Arrows Capital (3AC), has reportedly launched a bid to take over struggling crypto lender Hodlnaut. Binance has published its August 2023 reserve report, showcasing a reserve ratio well over 100% for all of its major cryptocurrency holdings. Regulation South Korean authorities have arrested the CEO of the Bitsonic crypto exchange, Jinwook Shin, for allegedly stealing $7.5 million dollars of user funds. The Federal Reserve has issued a new announcement obliging banks to jump through extremely exacting requirements in order to do business with crypto entities. Crypto exchange Bittrex has agreed to a $24 million settlement with the SEC, bringing to close allegations of offering unregistered securities to American investors. The French financial regulator announced amendments to its registration requirements for digital asset service providers as it prepares for MiCA’s implementation. Hong Kong’s Securities and Futures Commission (SFC) issued a warning addressing investors against crypto platforms “engaging in improper practices.” Bitstamp announced that it would suspend trading for several cryptocurrencies identified as securities by the SEC in cases against Binance and Coinbase. Binance announced that it had become the first fully licensed cryptocurrency trading platform in the country of El Salvador. Stakeholders of blockchain-based trading protocol Mango Markets are grappling with financial challenges as the platform faces mounting legal expenses in the aftermath of its exploit. Blockchain.com has secured a payments license from Singapore's regulatory body, the Monetary Authority of Singapore (MAS). Prominent crypto analyst and investor Adam Cochran has called into question the solvency of Huobi, the 12th largest cryptocurrency exchange globally by spot trading volume. Web3 India has challenged its residents to develop an indigenous web browser with the feature of signing documents digitally through crypto tokens. The waitlist for the integration of a self-custody wallet, TON Space, within Telegram Messenger, is now available for developers. The new collaboration between Microsoft and Aptos Labs will use the best of AI and blockchain technologies to drive Web3 to the masses. Prominent stablecoin issuer Circle announces the launch of its Web3 Programmable Wallets public beta version for developers on three blockchains. Security Venture capital firm Blockchain Capital fell victim to a sophisticated phishing scam after its social media account on X, previously known as Twitter, was hijacked. DeFi stalwart, MakerDAO, is facing heightened scrutiny after the introduction of its new platform, Spark Protocol. Steadefi has become the latest DeFi entity to be hit with an exploit, with the company stating in a tweet on X that all the funds it currently holds are at risk of becoming irrecoverable. Alchemix, a lending platform, has reported that all the funds stolen by the Curve Finance hacker from Alchemix’s alETH-ETH pool have been returned. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The world’s largest cryptocurrency exchange, Binance, has announced that it has become the first fully licensed cryptocurrency trading platform in the country of El Salvador. Binance announced the news after the platform received two licenses from the Central American Nation, according to a statement released on the 8th of August. Licensed Bitcoin Services Provider In El Salvador According to a statement released by the exchange, Binance became the first fully licensed crypto exchange to operate in El Salvador after it received the two licenses required. The two licenses in question are the Bitcoin Services Provider License (BSP) given by the Central Reserve Bank (Banco Central de Reserva) and the Digital Assets Services Provider License (DASP) provided by the National Commission of Digital Assets ((Comisión Nacional de Activos Digitales). According to Binance, the approval is another step in the exchange’s growing efforts to get licenses and permissions in key markets around the world. With this latest approval, Binance has approvals and registrations in 18 global markets, including Italy, Spain, France, Sweden, and Dubai. Binance General Manager for Colombia, Central America, and the Caribbean, Daniel Acosta, stated, “These licenses allow Binance to expand the products and services offered, including options tailored to the needs of our customers in El Salvador. It is also a great opportunity to collaborate closely with government authorities to support the adoption of crypto assets in the country, foster financial inclusion, innovation, and ensure customer protection.” Speaking about the developments, the Binance Head of Latin America, Min Lin, stated, “We are honored to be granted this license as Binance continues to work collaboratively with regulatory agencies around the world to support global standards for the crypto and blockchain industry. This announcement comes after many months of dedication from our team to provide all information and proceed with the necessary due diligence required by the agencies, showcasing our commitment to the Salvadoran market and our users.” El Salvador And Crypto El Salvador, under President Nayib Bukele, has maintained an extremely welcoming posture towards crypto, especially Bitcoin. In fact, the country had given Bitcoin the status of legal tender as far back as 2021. The country has also been on a Bitcoin acquisition spree and has so far acquired over 2300 BTC, according to data sourced from Buy Bitcoin Worldwide. According to current prices, the value of El Salvador’s Bitcoin reserves is estimated to be around $70 million. Additionally, the government of El Salvador has also introduced several pro-crypto and pro-Bitcoin measures, such as a bill allowing the country to sell bonds that are backed by Bitcoin. However, despite these measures, reports have suggested that crypto adoption in the country remains low, as citizens question the long-term benefits of crypto adoption. Earlier this year, Bitfinex announced that it had become the first fully regulated digital assets exchange to receive a DASP license in El Salvador. Binance Increases Global Presence Despite the exchange facing numerous regulatory headaches across a number of jurisdictions, Binance has managed to expand its global footprint further. After receiving its operating licenses in El Salvador, Binance has become the most widely licensed crypto platform and now has approvals and registrations in over 18 countries around the world. These include countries such as Japan, Sweden, Dubai, France, Italy, and several others. However, the exchange has also faced several setbacks, having exited several prominent markets such as Cyprus, the Netherlands, and the United Kingdom. The exchange had to exit these markets after it failed to get the required regulatory approval to continue operations. Binance is also facing several regulatory challenges in the US, with the United States Securities and Exchange Commission (SEC) charging the exchange of failing to comply with local laws and regulations. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The world’s largest cryptocurrency exchange, Binance, has announced that it has become the first fully licensed cryptocurrency trading platform in the country of El Salvador. Binance announced the news after the platform received two licenses from the Central American Nation, according to a statement released on the 8th of August. Licensed Bitcoin Services Provider In El Salvador According to a statement released by the exchange, Binance became the first fully licensed crypto exchange to operate in El Salvador after it received the two licenses required. The two licenses in question are the Bitcoin Services Provider License (BSP) given by the Central Reserve Bank (Banco Central de Reserva) and the Digital Assets Services Provider License (DASP) provided by the National Commission of Digital Assets ((Comisión Nacional de Activos Digitales). According to Binance, the approval is another step in the exchange’s growing efforts to get licenses and permissions in key markets around the world. With this latest approval, Binance has approvals and registrations in 18 global markets, including Italy, Spain, France, Sweden, and Dubai. Binance General Manager for Colombia, Central America, and the Caribbean, Daniel Acosta, stated, “These licenses allow Binance to expand the products and services offered, including options tailored to the needs of our customers in El Salvador. It is also a great opportunity to collaborate closely with government authorities to support the adoption of crypto assets in the country, foster financial inclusion, innovation, and ensure customer protection.” Speaking about the developments, the Binance Head of Latin America, Min Lin, stated, “We are honored to be granted this license as Binance continues to work collaboratively with regulatory agencies around the world to support global standards for the crypto and blockchain industry. This announcement comes after many months of dedication from our team to provide all information and proceed with the necessary due diligence required by the agencies, showcasing our commitment to the Salvadoran market and our users.” El Salvador And Crypto El Salvador, under President Nayib Bukele, has maintained an extremely welcoming posture towards crypto, especially Bitcoin. In fact, the country had given Bitcoin the status of legal tender as far back as 2021. The country has also been on a Bitcoin acquisition spree and has so far acquired over 2300 BTC, according to data sourced from Buy Bitcoin Worldwide. According to current prices, the value of El Salvador’s Bitcoin reserves is estimated to be around $70 million. Additionally, the government of El Salvador has also introduced several pro-crypto and pro-Bitcoin measures, such as a bill allowing the country to sell bonds that are backed by Bitcoin. However, despite these measures, reports have suggested that crypto adoption in the country remains low, as citizens question the long-term benefits of crypto adoption. Earlier this year, Bitfinex announced that it had become the first fully regulated digital assets exchange to receive a DASP license in El Salvador. Binance Increases Global Presence Despite the exchange facing numerous regulatory headaches across a number of jurisdictions, Binance has managed to expand its global footprint further. After receiving its operating licenses in El Salvador, Binance has become the most widely licensed crypto platform and now has approvals and registrations in over 18 countries around the world. These include countries such as Japan, Sweden, Dubai, France, Italy, and several others. However, the exchange has also faced several setbacks, having exited several prominent markets such as Cyprus, the Netherlands, and the United Kingdom. The exchange had to exit these markets after it failed to get the required regulatory approval to continue operations. Binance is also facing several regulatory challenges in the US, with the United States Securities and Exchange Commission (SEC) charging the exchange of failing to comply with local laws and regulations. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The team has paused operations until the million-dollar exploit can be patched.

Cypher Protocol, a decentralized futures exchange operating on the Solana blockchain, disclosed on August 7th that a significant security breach occurred on their platform. The breach led to an estimated unauthorized transfer of assets valued at around $1 million. Swiftly addressing the event, Cypher Protocol informed its community of followers on X (formerly Twitter) and took immediate action by freezing its associated smart contract. A statement from the firm emphasized their responsive action: "Cypher has experienced a security incident. The smart contract has been frozen. Investigations are ongoing. The team is currently working with individuals and investigating. To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps." Data sourced from the Solana blockchain explorer, Solscan, has been invaluable in providing insights into the breach. It appears that the attacker or attackers absconded with a considerable 38,530 Solana (SOL) tokens in addition to $123,184 USD Coin (USDC). In sum, these unauthorized transactions amounted to roughly $1,035,203. What has raised eyebrows in the aftermath of the breach was the movement of the alleged funds. Within a short span following the exploit, a sum of 30,000 USDC from the contentious wallet was rerouted to Binance’s specific Solana USDC address. The rapidity of these fund movements highlights the speed at which digital assets can change hands, emphasizing the need for robust security measures and real-time monitoring. Community Response and Calls for Accountability The aftermath of the exploit was punctuated by unique, digital-era responses. Members from the cryptocurrency community sent a series of NFTs to the suspected wallet. These weren’t typical assets, but they bore messages – some of which appealed to the hacker's conscience to return the stolen funds. Among the various messages, one read: "Seriously though, you used Binance and KuCoin to fund and to try and get 30k out. People will find you. Please do the right thing and give the rest back." The timing of this security breach was rather inopportune, as it coincided with Cypher Protocol’s collaborative mtnDAO hacker house event, which they co-hosted with another Solana protocol, Marginfi. Ensuring clarity and dispelling doubts about their own security, Marginfi swiftly relayed via their Telegram channel that they remained unaffected by the breach and continue to maintain their operational independence from Cypher. As of the time of reporting, no Solana-based funds have been detected as transferred to the Ethereum network, leaving the next steps of the alleged hacker unpredictable. Incidents like these not only impact the entities directly involved but also reverberate throughout the crypto community. They underscore the persistent challenges in the realm of digital security and emphasize the need for continuous improvements in safeguarding digital assets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Cypher Protocol, a decentralized futures exchange operating on the Solana blockchain, disclosed on August 7th that a significant security breach occurred on their platform. The breach led to an estimated unauthorized transfer of assets valued at around $1 million. Swiftly addressing the event, Cypher Protocol informed its community of followers on X (formerly Twitter) and took immediate action by freezing its associated smart contract. A statement from the firm emphasized their responsive action: "Cypher has experienced a security incident. The smart contract has been frozen. Investigations are ongoing. The team is currently working with individuals and investigating. To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps." Data sourced from the Solana blockchain explorer, Solscan, has been invaluable in providing insights into the breach. It appears that the attacker or attackers absconded with a considerable 38,530 Solana (SOL) tokens in addition to $123,184 USD Coin (USDC). In sum, these unauthorized transactions amounted to roughly $1,035,203. What has raised eyebrows in the aftermath of the breach was the movement of the alleged funds. Within a short span following the exploit, a sum of 30,000 USDC from the contentious wallet was rerouted to Binance’s specific Solana USDC address. The rapidity of these fund movements highlights the speed at which digital assets can change hands, emphasizing the need for robust security measures and real-time monitoring. Community Response and Calls for Accountability The aftermath of the exploit was punctuated by unique, digital-era responses. Members from the cryptocurrency community sent a series of NFTs to the suspected wallet. These weren’t typical assets, but they bore messages – some of which appealed to the hacker's conscience to return the stolen funds. Among the various messages, one read: "Seriously though, you used Binance and KuCoin to fund and to try and get 30k out. People will find you. Please do the right thing and give the rest back." The timing of this security breach was rather inopportune, as it coincided with Cypher Protocol’s collaborative mtnDAO hacker house event, which they co-hosted with another Solana protocol, Marginfi. Ensuring clarity and dispelling doubts about their own security, Marginfi swiftly relayed via their Telegram channel that they remained unaffected by the breach and continue to maintain their operational independence from Cypher. As of the time of reporting, no Solana-based funds have been detected as transferred to the Ethereum network, leaving the next steps of the alleged hacker unpredictable. Incidents like these not only impact the entities directly involved but also reverberate throughout the crypto community. They underscore the persistent challenges in the realm of digital security and emphasize the need for continuous improvements in safeguarding digital assets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A crypto wallet suspected to be tied to the exploit shows it gained over $1 million in SOL and UDSC since the attack.

The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds.

The exchange recently announced a retreat from the U.K., Netherlands and Cyprus.

Bybit has successfully obtained a licence to operate a cryptocurrency exchange and provide custody services in Cyprus. Endowed with the newly acquired licence from Cyprus' regulatory authorities, Bybit can now offer a comprehensive suite of services tailored to both crypto and fiat currency pairs, including trading and custody solutions. This breakthrough cements Bybit's position in the fast-growing Cyprus cryptocurrency market. Cyprus has emerged as a dynamic hub for cryptocurrency activities, boasting a thriving community of crypto enthusiasts and an environment that fosters innovation through more favourable regulations. Recognising the potential of the Cyprus market, Bybit is looking to introduce its reliability and crypto opportunities to the local digital asset community. Ben Zhou, the co-founder and CEO of Bybit, expressed the company's wholehearted support for the regulatory objective of building a compliant, secure, and transparent cryptocurrency industry that empowers individuals seeking financial freedom. Zhou emphasised, "This groundbreaking milestone is a testament to Bybit's dedication to adhering to robust regulatory frameworks while expanding our global presence. We are excited to embark on our crypto journey in Cyprus and contribute to the flourishing Crypto Ark." Bybit is committed to digital asset security, compliance, and protection. The platform's enhanced Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures have played a role in upholding its robust security measures. In addition, Bybit boasts the ISO 27001:2013 certification for its security management system. Real-time, on-chain proof-of-reserves data, powered by a purpose-built Merkle tree, further enhances transparency and engenders trust among users. Bybit's expansion into Cyprus not only amplifies its international footprint but also catalyses growth and innovation within the local cryptocurrency ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Following Binance's departure from the island, ByBit strengthens Cyprus' crypto ecosystem with license approval for operations