Daily Quotes (22:00, December 31, 2023)
ChainDD's market data on December 31 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $42,457.19, up about 1.00% in 24 hours;
ETH was at $2,302.69, up about 0.40% in 24 hours;
BNB was at $316.59, down about 0.30% in 24 hours;
DOGE was at $0.09021, up about 0.16% in 24 hours;
DOT was trading at $8.53, up about 3.77% in 24 hours.
Chain Circle Dynamics
Ancilia: An old Compound v2 protocol was hacked, losing about $320,000
Web3 security platform Ancilia posted on social media that an old Compound v2 protocol was hacked and lost about $320,000. The losses included: about 46 WBNB, 30,000 BUSD, 178,000 BUSDT, 4,000 USDC, 3,000 DAI, 14.6 ETH, and 1.32 BTC. Ancilia said the root cause was exchange rate manipulation. Once the exchange rate was controlled, the hacker could borrow more money than the collateral. The contract uses the old Compound V2 protocol, which has known vulnerabilities.
Pakistan launches blockchain-based KYC platform
Pakistan has adopted a blockchain-based Know Your Customer (KYC) platform for its financial institutions. The move aims to improve the security and efficiency of financial services while reducing the risk of fraud. Through this technology, Pakistan hopes to strengthen compliance and transparency in the financial sector, thereby promoting the healthy development of the country's financial sector.
Revoke.cash: Beware of scam advertisements of phishing websites posted on X platform
Revoke.cash posted on social media that recently many fraudulent advertisements on the X platform claimed that Uniswap or OpenSea had been hacked. In fact, these platforms were not hacked. However, these advertisements tried to guide users to visit a fake Revoke website, which was designed to steal users' funds.
Waves founder: Units.network will be launched in Q1 next year, and Waves L1 scalability upgrade will be carried out in Q3-Q4
Waves founder Sasha Ivanov announced Waves' New Year's plan on the X platform: Units.network is expected to be launched in Q1, Power DAO will be publicly admitted in Q1-Q2, and Waves Layer1 scalability will be upgraded in Q3-Q4. Earlier on December 1, Sasha Ivanov said that Waves 2.0 and the Units ecosystem will be launched in early 2024.
Cryptocurrency News
Bithumb announces it will conduct an inspection of its Korean Won deposit and withdrawal services tonight
Bithumb announced that it plans to inspect Korean won deposit and withdrawal services. During this period, we will not be able to provide services related to Korean won deposits and withdrawals. The maintenance time is: 23:30 on December 31st - 03:30 on January 1st, 2024 (4 hours in total).
Analyst Rume Ophi: Nigerian SEC's requirement for crypto company licenses will significantly reduce the number of crypto exchanges operating in the country
Nigerian cryptocurrency analyst Rume Ophi said in an interview that despite the Central Bank of Nigeria (CBN) lifting restrictions on Nigerian banks facilitating cryptocurrency trading, the Nigerian Securities and Exchange Commission (SEC) cryptocurrency license requirement will significantly reduce the number of local cryptocurrency exchanges operating in the country. Rume explained that many local exchanges cannot afford the operating costs due to the minimum paid-in capital requirement of $556,620 (500 million naira). This requirement will result in mainly foreign exchanges operating in Nigeria, rather than a healthy balance.
OKX CEO: Cryptocurrency is a technology-driven industry, optimistic about 2024
OKX CEO Star said on social media, "I always believe that cryptocurrency is a basic industry driven by technology. Although there will be some black swan events, the cryptocurrency industry will always survive and achieve greater success. There are two important directions that will be the main driving force in 2024. First, the compliance gap between cryptocurrency and the banking industry will continue to narrow. We can foresee that in the near future, the cryptocurrency industry will do better in compliance than traditional financial institutions because of on-chain ledgers. Secondly, technologies such as Layer2, zero-knowledge proof, and self-custody will push the industry to unprecedented heights. I am optimistic about 2024."
Grayscale is hiring an ETF product specialist
According to Bitcoin Magazine, digital currency asset management company Grayscale is recruiting an ETF product expert whose responsibilities include leveraging and maintaining relationships with institutional investors.
