ChainCatcher news, according to Decrypt, the cryptocurrency exchange platform BingX has fully restored its operational capabilities following a recent hot wallet incident, with all deposits and withdrawals back to normal. To address this incident, BingX has launched a new "ShieldX" program, a comprehensive initiative aimed at enhancing the platform's security infrastructure."ShieldX" introduces an upgraded wallet firewall designed to provide advanced protection against external threats, further safeguarding user assets. BingX has also partnered with leading third-party security firms to implement additional round-the-clock monitoring and threat detection, ensuring the swift and proactive identification and resolution of any vulnerabilities.

ChainCatcher news, Bitcoin mining company Core Scientific announced an expansion of its hosting contract with artificial intelligence computing company CoreWeave, adding 120 megawatts (MW) of power for high-performance computing (HPC) operations, bringing the total capacity to 500 MW. This collaboration is expected to generate $8.7 billion in revenue for Core Scientific over the next 12 years. All infrastructure upgrades will be funded by CoreWeave, with an investment amounting to $180 million. This expansion will help Core Scientific further diversify its revenue sources and enhance its AI service capabilities following its bankruptcy restructuring.

ChainCatcher news, to better protect cryptocurrency users, Argentina is innovating its cryptocurrency framework. The Argentine securities regulator (CNV) recently announced a public consultation on a draft to regulate the operations of virtual asset service providers (VASP) in the country, imposing new compliance requirements on these entities. If Resolution 1025 is approved, it will force cryptocurrency companies to disclose agreements with third parties and clients. Additionally, it aims to prevent money laundering and terrorist financing by establishing policies and cybersecurity standards. This framework is a follow-up to the VASP registration launched earlier this year. (Bitcoin.com)

ChainCatcher news, according to Xinhua Finance, during the Sibos annual conference organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Standard Chartered Bank and Bank of Communications signed a "Digital Currency Strategic Cooperation Memorandum."The two parties will establish a joint working group to jointly explore the establishment of a cross-border payment settlement infrastructure and mechanism for digital currency, enhance the efficiency and convenience of cross-border payment settlements, co-create richer digital currency application scenarios, and promote the expansion of digital currency applications through the incremental customer value brought by innovative application scenarios.

ChainCatcher news, the fully digital public infrastructure PlatON has reached a strategic cooperation with UXUY, successfully integrating the UXUY Telegram wallet, which will provide comprehensive fiat and digital currency services for the Telegram ecosystem, aiming to bring a seamless payment experience to 900 million users.UXUY, incubated and invested by Binance Labs, is the next-generation decentralized multi-chain infrastructure. Based on the Telegram ecosystem, UXUY offers multi-chain DApp access services and an application center, and provides comprehensive support such as technology and traffic for qualified DApps through the Puzzle Plan. PlatON's Web3.0 payment clearing system TOPOS supports merchants and users in non-custodial holding of Web3 assets. This collaboration aims to provide global merchants and users with secure and efficient payment solutions, accelerating the global adoption and application of stablecoins. Both parties will jointly explore more possibilities for Telegram in the payment field, leveraging the TOPOS payment clearing system to offer better exchange rate support and lower transaction fees for a wide range of merchants and users.UXUY founder Kevin stated, "Telegram users can access the PlatON ecosystem with one click through UXUY, experiencing seamless instant digital currency exchange and fund access. We will actively promote subsequent cooperation to jointly improve the crypto multi-chain landscape of Telegram."

ChainCatcher message, BNB Chain announced that the BNB Beacon Chain hard fork will take effect on November 19, 2024, at 14:00 (block height 384,544,850). Nodes on the BNB Beacon Chain mainnet must be updated to version 0.10.24. At that time, the BNB Beacon Chain will stop operating, and new transactions will no longer be processed.

ChainCatcher news, former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, stated on social media: "One day, people will realize that the biggest users of Bitcoin ETFs and most of the trading volume come from hedge funds, which are arbitraging between spot and futures, perpetual contracts. The inflow of funds is mainly not directional, only marginally impactful."Raoul Pal believes that most of the funds flowing into Bitcoin ETFs are not based on investors betting on the long-term rise and fall of Bitcoin (i.e., directional investment). Instead, this capital primarily comes from hedge funds using ETFs for short-term arbitrage, aiming to profit from price differences rather than relying on the price movement of Bitcoin itself, and most of the activity does not reflect the broader market sentiment towards Bitcoin's price trends.

ChainCatcher news, the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitoring) emphasized that even if the Financial Action Task Force (FATF) decides to blacklist Russia, its anti-money laundering system will continue to operate effectively. Previous assessments mentioned issues related to virtual currency regulation, but Rosfinmonitoring insists that these issues have been resolved.According to TASS, the regulatory agency stated: "The Russian Federation has improved its ratings on three FATF recommendations, with only one being downgraded to 'partially compliant' due to insufficient legislative regulation in the field of virtual currency circulation."However, Rosfinmonitoring pointed out that since these assessments, Russia has passed two federal laws to strengthen its digital currency regulatory framework. The agency added: "Since then, the Russian Federation has passed two federal laws regulating the circulation of digital currencies."It is reported that the FATF is an intergovernmental organization that sets global standards for anti-money laundering and combating the financing of terrorism. Whether Russia will be blacklisted will be discussed at the FATF plenary meeting from October 21 to 25.

ChainCatcher news, according to Cryptonews, the short video application TikTok is under scrutiny for allegedly operating in the UK in a manner similar to cryptocurrency exchanges. It is reported that a compliance expert has warned the UK's Financial Conduct Authority (FCA), suggesting that TikTok undergo checks for money laundering and terrorist financing. The expert emphasized that the virtual tokens on TikTok could potentially be indirectly exchanged for real currency through its creator program, which is concerning.This scrutiny stems from TikTok's virtual currency system—TikTok tokens. Users can purchase tokens with real money and gift them on the platform or during live streams. They may also have the option to exchange these tokens back for cash. This process is similar to cryptocurrency trading. Given the strict regulations surrounding cryptocurrency businesses, this system has raised regulatory concerns. Critics argue that TikTok's handling of virtual currency may face the same scrutiny as cryptocurrency platforms. Additionally, such cryptocurrency-like transactions have raised concerns about the security of users' financial data, especially considering the geopolitical sensitivities.It is reported that the letter stated: "TikTok provides funding transfer services for money service businesses through its rewards program and facilitates the exchange of crypto assets for currency or currency for crypto assets, or makes arrangements for such exchanges." As of the time of publication, neither TikTok nor the FCA has responded to Cryptonews' request for comment.

ChainCatcher news, Vitalik released a new article on the future development of the Ethereum protocol (Part 2: The Surge): "Possible futures for the Ethereum protocol, part 2: The Surge," with the following key objectives:Achieve 100,000+ TPS on L1 + L2;Maintain the decentralization and robustness of L1;Ensure that at least some L2s fully inherit Ethereum's core properties (trustlessness, openness, censorship resistance);Maximize interoperability between L2s. Ethereum should function as an ecosystem, not 34 different blockchains.The article states that the current task is to complete the rollup-centric roadmap and address related issues while maintaining the robustness and decentralization of Ethereum L1.

ChainCatcher news, according to The Block, the TON Foundation has chosen Axelar's Mobius development stack as its preferred interoperability solution, aimed at enhancing the connectivity of the TON blockchain with other chains, enabling asset transfers between TON and other blockchains, and supporting the development of cross-chain decentralized applications.This integration will also prevent liquidity fragmentation, ensuring that assets do not become isolated on different chains, and will reduce user operation costs by providing a unified cross-chain experience.

ChainCatcher news, according to FinanceFeeds, Horizon announced a partnership with China Merchants Securities (Hong Kong) to provide market-making solutions for virtual asset ETFs.It is reported that the virtual asset spot ETF will be listed on the Hong Kong Stock Exchange for the first time in April 2024, offering investment opportunities in Bitcoin and Ethereum under the supervision of the Securities and Futures Commission (SFC) of Hong Kong.

ChainCatcher news, the market maker Gotbit officially posted on X: "Our CEO Alex Andryunin has been arrested in Portugal. We currently have no further details, but rest assured that your account at Gotbit is safe. Our goal is to prove the innocence of the company and CEO Alex Andryunin. We are fully prepared to cooperate with the authorities, providing all necessary documents to support the investigation and quickly resolve this misunderstanding. We will update you promptly as more information becomes available."

ChainCatcher news, the Hong Kong police have launched an operation called "Code Words" to make arrests, assisted by personnel from the Cyber Security and Technology Crime Bureau in gathering evidence related to online and cryptocurrency transactions. They have dismantled a local scam group involved in cryptocurrency, arresting 27 individuals and defrauding a total of up to 360 million Hong Kong dollars. Superintendent Yiu Wing-kin from the New Territories South Criminal Headquarters stated that the scam group primarily used online romantic relationships to lure victims into investing in cryptocurrency. To facilitate their fraudulent activities, the group employed technology specialists, including graduates from local universities majoring in digital media, for technical support, and collaborated with overseas scammers to set up a fake cryptocurrency platform.

ChainCatcher news, according to Protos, Bitcoin developers recently disclosed details of a high-risk software vulnerability named CVE-2024-35202. According to senior core developers, over 13% of home and commercial computers executing Bitcoin rules globally are affected by a remote shutdown vulnerability.The vulnerability affects nodes running versions of Bitcoin Core prior to 25.0, allowing attackers to crash nodes by manipulating block transaction messages. The vulnerability originates from Core's compact block protocol, which uses shortened transaction identifiers to reduce internet bandwidth usage. Attackers can trigger conflicts in these identifiers, causing nodes to request complete blocks. While requesting complete, untruncated blocks is a security precaution, versions of the software prior to 25.0 have flaws in the logic for handling subsequent blocktxn messages.In short, nodes can be forced into an invalid state by manipulating logic gates, leading to a complete crash. Although there is no economic incentive for ordinary attackers, developers strongly recommend that node operators update to the latest version. The credit for discovering and disclosing this vulnerability goes to Niklas Gögge, and Bitcoin Core 25.0 has resolved this issue.

ChainCatcher news, a survey conducted by the fintech company Neo on 100 European Payment Service Providers (PSPs) shows that banks perform poorly in collaborations. Due to restrictions from banking partners, 29% of PSPs are unwilling to cooperate with cryptocurrency exchanges.The survey also found that 95% of PSPs have experienced bank accounts being closed or restricted, with 71% of these cases occurring without a clear reason provided by the banks. To address this issue, most PSPs maintain partnerships with multiple banks, but the process of finding new banking partners is lengthy, averaging 11.5 months.

ChainCatcher news, Habibur Rahman, a resident of East Ham in London, denied the charges of operating an unlicensed cryptocurrency ATM business and laundering money through cryptocurrency transactions. Rahman appeared at Medway Magistrates' Court and pleaded not guilty to the charges of running illegal machines without authorization from the Financial Conduct Authority (FCA).Rahman is accused of exchanging £300,000 of illegal cash into cryptocurrency between April 1 and June 16, 2022. This was discovered after Kent Police searched a shop in Chatham on April 28, 2023, and seized several cryptocurrency ATM machines during the raid.The case has now been transferred to Maidstone Crown Court, with the next hearing scheduled for November 7. Police stated that Rahman's involvement in cryptocurrency trading not only violated financial regulations but also involved money laundering. He was granted bail after appearing in court and will await further developments in the coming weeks.