Blockchain DXB: Crypto & Coffee at 8 ☕ 02nd Sep 🚀 Spot Bitcoin ETF outflows Crypto.com + PayPal Bridge Raises $40 Million for stablecoin North Korean Hacker Targeting Crypto Users Quidax license

02nd September: Crypto & Coffee at 8
Spot Bitcoin ETF outflows Crypto.com + PayPal Bridge Raises $40 Million for stablecoin North Korean Hacker Targeting Crypto Users Quidax license
Bitcoin ETF Overview by Coin glass here https://lnkd.in/dWNCZzn5 shows BlackRock's spot Bitcoin exchange-traded fund (ETF) recently experienced net outflows exceeding $13 million, marking the first time since May that the fund has lost more capital than it gained. Similarly, other spot Bitcoin ETFs, such as those from Grayscale Investments, Fidelity Investments, and Bitwise, have also seen significant withdrawals. Despite this trend, analysts consider the amounts withdrawn to be minor and not a cause for concern.
Crypto.com has introduced PayPal as a payment method for U.S. users to fund cryptocurrency purchases on the platform. This integration allows seamless transfers between PayPal and Crypto.com wallets, with plans to expand to other markets soon. The move is part of a broader collaboration to bridge traditional and digital payments, building on previous initiatives like using PayPal to top up the Crypto.com Visa Card and supporting PayPal USD (PYUSD) on Crypto.com. Official info here https://shorturl.at/sbjNv
Coinbase and Square vets aim to level up stablecoins with Bridge and $58 million in funding led by Sequoia and Ribbit. The company aims to build a global stablecoin payments network that allows businesses to use stablecoin rails effortlessly. Bridge, which counts SpaceX and Coinbase among its customers, aspires to be a Web3 equivalent of payments processor Stripe. info via Fortune https://shorturl.at/exC4D
Microsoft has identified a North Korean threat actor, Citrine Sleet, exploiting a zero-day vulnerability (CVE-2024-7971) in Chromium's V8 engine to execute remote code, targeting the cryptocurrency sector. The flaw, linked to the FudModule rootkit, was patched by Google on August 21, 2024. Citrine Sleet uses social engineering and fake crypto platforms to deploy malware like AppleJeus. Microsoft advises updating systems and browsers to prevent such attacks and offers detailed detection and mitigation strategies.via blog https://shorturl.at/XkBS3
Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange. The license enables Quidax to work with banks and financial institutions, fostering trust and security in the Nigerian crypto space. CEO, Buchi Okoro, praised the SEC for its role in enhancing the industry and expressed excitement about the future of crypto in Nigeria. Info via Bitcoin.com https://shorturl.at/umw6S
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