Weekly Update #33
Mark Collins & Demetrius TSEAS
regulation:
France’s Société Générale issues the first digital green bond on Ethereum. December 4th Society Normally(Singapore) presentation first published Digital Green Bond, a security token registered directly by SG-FORGE, a regulated subsidiary of SG Group providing structuring, issuance, exchange and custody of digital assets. serviceGeneral services including non-profits, forums, news sheets…See more It is licensed as an investment company and authorized to provide MiFID 2 investment services under the supervision of the ACPR and is registered with the AMF as a Digital Asset Service Provider (DASP). This first offering consists of €10 million senior unsecured notes with a maturity of three years. The net proceeds from these bonds will be used exclusively to finance or refinance eligible green activities as defined in SG’s Sustainable and Positive Impact Bond Framework.
Binance Withdraws Abu Dhabi License Application: December 8, Binance According to reports Withdrew its application for an investment management license in Abu Dhabi, deeming it unnecessary for the company’s global needs. The exchange still has applications that offer digital asset custody to professional clients. According to the website. The decision to cancel the license application was “unrelated” to the U.S. agreement, a Binance spokesperson said. A day earlier, on December 7, a U.S. federal judge According to reports Former Binance CEO Changpeng Zhao was ordered to remain in the United States while awaiting sentencing, deciding he was too high a flight risk.
Add ordinal number to national vulnerability database: The National Vulnerability Database (NVD) identified Bitcoin’s inscription as a cybersecurity risk, revealing a “flaw” exploited by Ordinals Protocol in 2022. This vulnerability allows data masking in code under certain circumstances. bitcoinThe term “Bitcoin” refers to the Bitcoin network,…See more The version is being analyzed and you may encounter the following issues: blockchainBlockchain is a shared digital ledger or… Read more Spam, affects network size and performance. The popularity of the Ordinals protocol has led to network congestion due to the inclusion of data in Bitcoin transactions. NIST
CZ was ordered to remain in the United States prior to sentencing. Binance founder CZ has been ordered to remain in the United States until sentencing in February after a federal judge determined he had no ties to Zhao, who had pleaded guilty to money laundering charges, and was a flight risk due to his considerable wealth and overseas assets. , he could face up to 18 months in prison and has agreed not to appeal his sentence up to that period. The judge accepted the government’s motion, saying Zhao had not presented clear evidence that he was unlikely to flee to the United Arab Emirates, where he resides. CoinDesk
Taiwan releases CBDC study: Taiwan’s central bank has completed a feasibility study on a wholesale central bank digital currency (CBDC) and is actively considering implementation, seeking feedback from businesses and academia. Deputy Governor Mei-lie Chu highlighted the advantages of CBDC and tokenization of real assets, particularly through integrated ledger technology, as part of the country’s broader Banking 4.0 initiative to integrate AI and advanced digital technologies into banking.
The United States, Japan, and South Korea are holding a security summit on North Korea. National security officials from the United States, South Korea and Japan met in Seoul to discuss North Korea’s cryptocurrency theft and nuclear and ballistic missile programs. The meeting focused on trilateral initiatives, including efforts to counter North Korea’s use of nuclear weapons. cryptocurrencyCryptocurrency (or cryptocurrency) is a digital asset. To fund illegal weapons of mass destruction programs and to resolve relations with Russia. White House
Cryptocurrency News:
Despite Bitcoin being created as fiat currency, adoption has been delayed in El Salvador. Although the Salvadoran government is encouraging widespread cryptocurrency adoption, a recent CoinGecko report highlights that the number of cryptocurrency owners in El Salvador is limited, with approximately 1.72% of the population owning Bitcoin. El Salvador ranks 55th in the Global Crypto Adoption Index, lagging behind countries with higher growth rates in cryptocurrency ownership. CoinGecko
block itA block holds a batch of hashed and valid transactions. New Bitcoin Hardware Released walletA wallet is a device (a hardware device, program, or service).: Financial payment processing company Block has introduced a self-storage type ‘Bitkey’. bitcoin walletA Bitcoin wallet is a physical device or software program for trading Bitcoin. It is available as a mobile app or hardware store in over 95 countries. Priced at $150 and featuring a multi-signature setup of two out of three, Bitkey requires a mobile key, a hardware key, and a server key with both the user’s fingerprint and phone authorization for transactions. bit key
IBM launches new cold storage solution. IBM has launched IBM Hyper Protect Offline Signing Orchestrator (OSO), a new technology designed to deploy cold storage solutions for digital assets. OSO automates transactions and uses time-release mechanisms and policy engines to address the limitations of traditional cold storage and reduce the risk of insider attacks and human errors associated with manual procedures, creating an efficient and secure solution for digital asset trading. IBM
Bitzlato founders agree to disband exchange. Anatoly Legkodymov, co-founder of Hong Kong-based cryptocurrency exchange Bitzlato, has pleaded guilty to operating an unlicensed money transfer service that processed funds. ransomwareIt is a type of malware designed to encrypt your system. Assaults, illegal drug dealing and other crimes. Legkodymov, the exchange’s majority shareholder, agreed to dissolve Bitzlato and released a claim worth about $23 million in seized assets. Bitzlato was sanctioned by the U.S. government in January for allegedly laundering about $700 million worth of funds, with the Treasury Department designating it a “major money laundering concern.” DOJ