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Israeli regulator changes legal framework for cryptocurrencies The Israel Securities Authority (ISA) has proposed a new structure to regulate cryptocurrencies as digital assets become more popular and more than 150 crypto companies operate in the country. The ISA promises to eliminate the risks associated with the new asset class and provide authorities with the means to regulate the industry. The regulator intends to receive powers to oversee the digital asset industry as a whole in order to set requirements for cryptocurrency issuers and intermediaries, impose sanctions and fines. The proposal will be discussed until February 12. According to the document, management officials intend to require intermediaries to comply with the rules that already apply to intermediaries in the traditional securities industry - the presence of a license, compliance with capital adequacy standards.

Hackers who attacked BTC.com transferred bitcoins to Tornado Cash and Binance The hackers who attacked the BTC.com pool of the mining company BIT Mining Limited obtained 32.5 BTC and 1964 ETH. X-explore on-chain analysts came to this conclusion. The attackers transferred most of the coins to Tornado Cash, but some funds went to the centralized exchanges Binance and Kucoin. “Bitcoin wallet 3FxUA8godrRmxgUaPv71b3XCUxcoCLtUx2 transferred the stolen 32.5 BTC (~$0.55 million). Attackers are suspected of using the mixing service for money laundering,” the researchers noted.

Arcane Research: Binance crushed almost the entire global cryptocurrency market Arcane Research has published a report showing that in 2022, the dominance of the world's largest cryptocurrency exchange Binance in the market has grown significantly. In many ways, this was facilitated by the collapse of platforms such as FTX and Celsius. As of December 28, Binance holds 92% of the Bitcoin spot market and 61% of the BTC derivatives market. Spot trading volume indicator shows the total amount of bitcoin transactions on spot exchanges per day. Arcane says there is no one that compares to the Binance crypto exchange in terms of performance. In fact, analysts say, Binance is the digital currency market itself. At the beginning of 2022, the crypto exchange occupied 45% of the spot market, that is, there was an increase of almost two times in a year. Plus an increase of a third of the share of the derivatives market.

Sam Bankman-Fried refused to plead guilty. Court scheduled for October The founder of the collapsed cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), pleaded not guilty to eight counts. It is reported by Bloomberg. U.S. District Judge Lewis Kaplan, appointed at the end of December, set the date for the trial to be October 2, 2023. Bloomberg noted that the withdrawal of the guilty plea will allow Bankman-Fried to get more information about the evidence against him and plan the next step.

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Circle executive: “Last year was not like a crypto winter, but like an ice age” In a post on the World Economic Forum (WEF) website, Dante Disparte noted the growing use of cryptocurrencies in the financial services sector. According to the specialist, the ongoing bearish trend in the cryptocurrency market, the bankruptcy of several crypto lenders and the collapse of the FTX exchange could subsequently be a boon for the industry, as these negative events will lay the foundation for more responsible and affordable investments. “Remember how the dot-com bubble burst in the early 2000s, after which the future of the Internet was in the hands of companies with more sustainable business models. The past year has been very challenging, with one of the worst bear markets in the history of cryptocurrencies. Perhaps 2022 also marks the transfer of blockchain infrastructure and cryptocurrencies into safer hands,” wrote Dispart.

Jim Cramer Predicts Another Weak Year for Crypto According to CNBC columnist and Mad Money host Jim Cramer, the community should not expect major crypto booms in 2023 as the industry will be dominated by depressive sentiment. “I am predicting another depressing year for crypto and wondering how many millions of people are still involved,” Kramer tweeted. Earlier, the PricePrediction cryptoasset monitoring service, using artificial intelligence, predicted the bitcoin rate at the beginning of 2023. According to the algorithms, in a month Bitcoin will be trading at $15,532. This is about 7% lower than the current value of BTC. In general, it is expected that during January the rate of the first cryptocurrency will decrease. Recall that BTC ended 2022 on a minor note - the coin lost more than 70% of the 2021 high.

Bitcoin's genesis block was mined 14 years ago On January 3, 2009, a person or group of people under the pseudonym Satoshi Nakamoto launched/-and the main Bitcoin network by mining a genesis block with 50 BTC. Its hash contains the title of the article "Chancellor on brink of second bailout for banks" by the British edition of The Times. The first transaction took place on January 12, 2009 - Satoshi Nakamoto sent 10 BTC to Hal Finney. Three days before, Bitcoin software version 0.1 was published.

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Unidentified people stole over 200 BTC from a Bitcoin Core developer Bitcoin Core developer Luke Dash Jr. reported that his PGP key was compromised and a large amount of the first cryptocurrency was lost. Dash Jr. did not specify the amount of damage. In the thread, he shared a wallet address allegedly linked to the hack — at the time of writing, it contains 216.9 BTC (more than $3.6 million at the current exchange rate). Four transactions completed on December 31, 2022. The head of Binance, Changpeng Zhao, reacted to the incident. He stated that he informed the security service of the exchange about the need for monitoring.

Bahamas regulator: We hold $3.5 billion of FTX client funds The regulator said in a statement that the funds were transferred to SCB wallets on November 12. At the same time, the freezing of funds from the FTX exchange was reported the day before, on November 11. Also at this time, assets worth over $300 million were withdrawn by the liquidation commission of FTX. About the same amount, unknown hackers (or insiders) managed to withdraw to their wallets. In this connection, US regulators launched their own investigation. The Bahamas regulator emphasizes that the founders of the FTX exchange, Sam Bankman-Fried and Gary Wang, do not have access to these funds. The assets will be transferred to the liquidation commission of the exchange for distribution to affected users. SCB has confirmed that it will not require priority payments for residents of the Bahamas.

Fortune: Investments in the crypto industry fell by $5 billion over the year According to the results of the study, as the crisis in the market drags on, investors are less likely to invest in the cryptocurrency industry. Global funding for the crypto industry decreased from $8.8 billion in the first quarter of 2022 to $6.2 billion in the second quarter, after which it fell to $3.4 billion in the third. The top 3 companies/projects that received the most investments in the past year were: - Blockchain platform Polygon - in February, the company raised $450 million through a private sale of its own MATIC token. - YugaLabs, the company behind the collection of non-fungible Bored Ape tokens, also received $450 million - investors were a16z, Animoca Brands, The Sandbox and the collapsed FTX crypto exchange. ConsenSys, which developed the MetaMask crypto wallet, received $450 million in March at a market value of its entire business of $7 billion.