Euro-backed stablecoin trials begin in Spain
Each Euronet model (a Euro digital token) is supported 1:1 with the Euro and is stored in Spanish banks.Each Euronet model (a Euro digital token) is backed 1:1 with the Euro and is stored in Spanish banks such as Banco Bilbao and Cashabank.

The Spanish fintech company Muni has started testing a stablecoin Euront model (a Euro digital token) backed by the Euro under the supervision of the Bank of Spain.A Jan. 29 announcement on Muni's website states that testing on the regulatory safety box began in January. It has a group of individual users that are limited to minimize the margin of error.

The test will examine the transaction functionality of the Euronet model (a digital euro token). Each user verifies their identity, uploads the wallet, deposits 10 euros into their account and exchanges it for 10 model euros (a digital euro token). Each Euronet model (a Euro digital token) is backed 1:1 by the Euro currency and is stored in Spanish banks such as Banco Bilbao and Cashabank.Alex Saiz-Verdagger, CEO of Money, called the test "another step in our journey towards the full digitization of payments." He believes that the new stablecoin offers an opportunity to send money in a way that is "more secure, programmable, economical, democratic and free" than ever before
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Binance claims that the code leak on GitHub is old
Binance has denied a report that a sensitive cache of passwords on GitHub was exposed.
Binance claimed that the information posted on GitHub posed a "minor risk" to users, but a previous takedown request on GitHub indicated that the information posed a "significant risk" to the exchange.

Crypto exchange Binance has denied a report that a "highly sensitive" cache of passwords and internal code has been exposed on GitHub for months - arguing that the code is outdated and poses "minimal risk".

According to a Jan. 31 404 Media report, there was a cache of "code, infrastructure diagrams, internal passwords, and other technical information," including information about how the exchange handles passwords and multi-factor authentication.
The report notes that Binance successfully asked GitHub to remove the files via a copyright takedown request on January 24, where the exchange said the information "poses significant risk" and was posted "without permission."

However, a Binance spokesperson told Cointelegraph that the person "shared very old information on GitHub" and that their security team confirmed that the cache "doesn't look like anything we're currently producing." .

Binance added that the information "poses an insignificant risk to the security of our users, their assets, or our platform." The organization claimed that the information was too old "to be used by any third party or malicious actor."
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Binance blocked 4. million dollars worth of Ripple tokens
The hacker behind this exploit did not use cryptomixer services or decentralized exchanges to hide her identity.
Hacking the wallet of one of the founders of Ripple The hacker behind this exploit did not use any mixer service or decentralized exchange. Cryptocurrency exchange Binance blocked 4.2 million dollars of Ripple from the 112 million dollar hack of the personal wallet of Chris Larsen, one of the founders of Ripple on January 31 and made it the biggest hack of 2024.

In a post on social media platform X, Binance CEO Richard Teng revealed that the exchange has blocked the exploiter's address and thanked Zack XBD's chain detective and the Ripple team for their coordination and assistance.Thomas, head of analytics and compliance at the Ledger Ripple Foundation, responded to Teng's post, claiming that the foundation was the first to look into the issue.

There was initial speculation that Ripple had been hacked, with some reports claiming that the Ripple token itself had been hacked. However, Larsen later revealed that it was his personal accounts that were compromised, not Ripple itself.

The hacker behind this exploit did not use cryptomixer services or decentralized exchanges to hide his identity. Recently, most exploiters have stopped using centralized exchanges to avoid the possibility of frozen funds.Zack XBT later revealed that the Ripple attribution for the affected account was labeled as Ripple itself in Ripplescan and Bitump block probes, leading to confusion about the hack.

Ripple co-founder Larsen revealed that some of his personal Ripple accounts were compromised and 213 million Ripples were stolen. Larsen also said that Ripple is negotiating with crypto exchanges to block the user's address and has notified law enforcement agencies.
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#sanor016CommUNITY #TrendingTopic #News #sanor016CommUNITY The $400 million FTX hack is related to the SIM card swapping attackThe Ministry of Justice accused 3 people in the SIM card replacement scheme, which is probably related to the theft of 400 million dollars of FTX digital currency.The cryptocurrency exchange was hacked for more than $400 million just hours after it filed for bankruptcy in 2022. Many initially believed it was an inside job. Three people accused by US prosecutors of orchestrating a series of SIM-swapping attacks are linked to the $400 million hack of FTX in 2022, which occurred just hours after it filed for bankruptcy.US federal prosecutors have charged Robert Powell, Carter Rahn and Emily Hernandez with carrying out SIM-swapping attacks by stealing the identities of 50 victims and persuading telecom providers to port the victims' numbers to the trio's phones.Part of the filing details an attack on "Victim Company-1" — where on November 11 and 12, 2022, Hernandez allegedly impersonated a company employee and Powell then accessed their AT&T account.

A Feb. 1 Bloomberg report cited two people familiar with the matter who confirmed that the company named in the indictment is FTX.

Some of the funds were sent to the Kraken crypto exchange shortly after the hack. Chief security officer Nick Percoco posted to X at the time that he was aware of the user's identity.

For months afterward, exploitative wallets moved funds through various bridges and blockchains in an attempt to launder the stolen cryptocurrency.

British authorities registered 61,000 stolen bitcoins
British authorities have seized £1.4 billion (or $1.78 billion) in an investment scam in China
The suspects' attempt to launder the bitcoins through the assets failed because they could not explain its source. British authorities seized 61,000 bitcoins worth an estimated £1.4 billion (or $1.78 billion) linked to an investment scam in China, the Financial Times reported. The mastermind behind the scam, Ximin Qian, converted part of the profits from a £5bn investment scam carried out in China between 2014 and 2017 into the top cryptocurrency to facilitate the seamless transfer of funds from the Asian country. slow
Kian, now identified as Yadi Zhang on a St Kitts and Nevis passport, moved to the UK in 2017. However, prosecutors said he has since fled the country and remains at large.

When Zhang enlisted Jian Wen's help in laundering money, the authorities discovered these fraudulent activities and eventually came to attention when he tried to buy a £23.5 million mansion in London. This led to a police raid on their £17,000-a-month rental flat, which led to the seizure of multiple digital wallets containing 61,000 bitcoins.

Although Vann was not involved in the original fraud, he is facing trial on three counts of money laundering. Prosecutors alleged that he helped Zhang convert the digital assets into cash, jewelry, and other luxury items as well as property, knowing they were the proceeds of crime.

Notably, their attempt to buy property, including a £12.5 million 8-bedroom house with a cinema and gym, failed with Bitcoin because they couldn't explain its source.Wen pleads not guilty, claiming that he is merely looking out for Zhang.

Meanwhile, the seizure is in line with a broader trend by UK authorities to crack down on illegal cryptocurrency activity. On January 26, the National Crime Agency announced the seizure of $150 million linked to a multi-million dollar drug enterprise.
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#BTCbullish El Salvador will support Bitcoin
On the eve of elections, El Salvador remains steadfast in its support for Bitcoin and declares a strong future for the digital currency.
On the eve of its general election, El Salvador, under the auspices of Vice President Felix Ulloa, remains steadfast in its support for Bitcoin, heralding a strong future for the digital currency if the current leadership is re-elected. Despite reservations and suggestions by the International Monetary Fund to review its stance on Bitcoin, El Salvador is moving forward unimpeded. The country's assertive stance has been further bolstered by global excitement surrounding the recent introduction of exchange-traded funds in US bitcoin exchanges. With Vice President Naib Bokel's popularity skyrocketing, El Salvador's unwavering support for Bitcoin not only strengthens its position on the world stage, but also inspires a future in which digital currency plays a central role in national economies.
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A 19.4% portfolio allocation to Bitcoin is ideal
According to Ark Invest, institutional portfolios with the aim of maximum risk-adjusted returns should allocate 19.4% to Bitcoin.
Over the past seven years, Bitcoin's annual return has averaged 44%, while other major assets have averaged 5.7%, according to ArchInvest.

ArchInvest's annual research report shows that institutional portfolios aiming for maximum risk-adjusted returns should have 19.4% allocated to Bitcoin in 2023.
A 2023 research report from ArchInvest highlights bitcoin's historical outperformance in underlying assets and suggests an institutional portfolio allocation of up to 19.4% to maximize risk-adjusted returns.

The investment management firm released its annual report on January 31, which presents various research findings that focus on the technological convergence of blockchain technology, artificial intelligence, energy storage and robotics.
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German bank launches crypto trading platform

Deutsche Bank, Germany's second largest bank, is preparing to introduce a cryptocurrency trading pilot in late 2024. Deutsche Bank, Germany's second largest bank, is preparing to introduce a cryptocurrency trading pilot later this year, according to a Bloomberg report. Sawad Bankerda, a board member, shared that the bank, which serves as the central institution for approximately 700 cooperative lenders, plans to list various cryptocurrencies. This offer is specifically designed for clients who are able to invest "without advice". According to Bankerda, a study conducted by Genoverband shows that half of the banks are interested in offering cryptocurrency solutions to their customers, although each institution independently decides on its course of action.

Frankfurt-based bank DZ, with $627 billion in assets under management, previously launched a cryptocurrency custody platform in November. This action followed the bank's announcement that it would use Metaco's technology solution to develop crypto-relatedservices. Bank DZ's foray into cryptocurrency trading is in line with a global trend of institutional adoption, as evidenced by recent approvals for exchange-traded funds from industry giants such as BlackRock and Fidelity in the US, which have generated significant trading volume in the cryptocurrency market. Digital facilitates.#sanor016CommUNITY #sanor016CommUNITY sanor016CommUNI@sanor016#German #BankruptcyWatch