Crypto News Summary: FTX V2 Announced, Transit Finance Hacker Returning Funds, Dapper Labs Restricts Russian Accounts

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Source: AdobeStock / Rafael Henrique

Exchange news

  • A new version of the crypto exchange will go live on November 21, the CEO announced, with an improved matching engine. “We’ll be rolling out a whole new order matcher, lower latency API pathways, a whole slew of other features," CEO Sam Bankman-Fried tweeted today.

Security news

  • A hacker who attacked cross-bridge decentralized finance () platform Transit Finance has transferred BNB 2,500 ($688,000) to sanctioned privacy protocol Tornado Cash, on-chain data . They said they would return BNB 10,000 ($2.75 million) to victims, according to a blog post by Transit Finance.

Regulation news

  • Dapper Labs, the company behind the super-popular CryptoKittiesNBA Top Shot, is restricting Russian accounts from using its payment services, following sanctions imposed by the European Union on Thursday, the announcement. “It is now prohibited to provide crypto-asset wallet, account, or custody services of any value to accounts with connections to Russia, irrespective of the amount of the wallet,” it added. Dapper has not closed the accounts though.

Investment news

  • South Korean investment firm Blockwater failed to repay its $3.4 million loan taken from uncollateralized lending provider according to a blog post by TrueFi.  The latter said it has collected $645,405, while the remaining debt is estimated to be nearly $2.97 million at the time of the default.
  • Justin Sun, the founder of the blockchain, was reported to be the "real buyer" of the recent stake , per WuBlockchain, citing multiple sources. However, Sun The Block that the claim is "wrong" and that he is “only an advisor to Huobi.”

Legal news

  • US Department of Justiceannounced charges against a man who allegedly distributed fake prescription drugs and other substances on dark web markets, receiving payment mostly in . The man exchanged the crypto for dollars in hundreds of transactions, laundering more than $5.35 million, they said.

Web3 news

  • Web3 ecosystem Crypto Oasis it had identified more than 1,450 active organizations in the UAE at the end Q3 2022. The research also identified more than 7,000 individuals working in the crypto, blockchain, metaverse, and Web3 industry.

CBDC news

  • The province of Fujian in China has executed its first digital yuan land transfer, according to local reports. The Fuzhou University of International Studies and Trade paid ?51 million ($7.14 million) for a plot of land through the Agricultural Bank of China

Metaverse news

  • has announced a partnership with the technology and investment company to develop its metaverse solutions. e& universe’s debut at GITEX 2022 will have two demonstrations, said an announcement, adding that e& universe will allow users to explore the exhibition virtually, and at the same time log in from a wide range of devices including VR, PCs, and smartphones via a browser.
  • , the decentralized infrastructure for an open, Augmented Reality (AR)-enabled metaverse, launched its new desktop application, OVER GATE Console. Per an announcement, it enables users to organize, manage, and customize their live AR events across the metaverse. Once the OVER application is downloaded, the console allows users to choose from the OVRLands they own or an available location and host live events of any kind, inviting an unlimited number of guests who will be able to play an active role in the events.

Regulation and Society adoption

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