EddieJayonCrypto
16 Dec 22
• Mazars Group gets skittish on crypto and stops all services offered to crypto businesses• North Korea is at it again distributing viruses via a Mycelium Wallet clone on Telegram• Gemini had a data leak that affects 5.7M accounts• CryptoCom has been granted a license in Brazil to be a Payment insti...
• Mazars Group gets skittish on crypto and stops all services offered to crypto businesses• North Korea is at it again distributing viruses via a Mycelium Wallet clone on Telegram• Gemini had a data leak that affects 5.7M accounts• CryptoCom has been granted a license in Brazil to be a Payment institution• G20 governments are looking to put a stranglehold on crypto• Crypto bank, Silvergate, hit with class action lawsuit over dealings with FTX and AlamedaWhile everyone is watching the shiny thing story, there is a lot that could have been missed. Here is what is on my mind today.1. Mazars Group gets skittish on crypto and stops all services offered to crypto businesses, including Kucoin, Coinbase and Binance. Given what is going on with FTX and the scrutiny their auditors are under right now I can kind of understand. Still, the dead stop is strange. 2. North Korea is at it again. This time they are using a Mycelium Wallet clone to distribute viruses on Telegram. I have said this before: stay clear of Telegram. I would not touch that platform with a 10 foot pole. 3. Gemini had a data leak that affects 5.7M accounts. Apparently it looks like there was a phishing attack on its users via a third-party vendor. They were able to snag email addresses and phone numbers. 4. CryptoCom has been granted a license in Brazil to be a Payment institution. While people are running around with their heads on fire, moves are being made. I would say getting licensed in one of the hottest crypto markets is kind of a big deal. 5. The G20 countries are now seeking to create a unified regulatory framework for cryptocurrencies. I have been reporting about this for a while now and have yet to hear anything significant coming from this group except for them saying they are going to study the impacts of crypto. Germany is looking for a crackdown while France is thinking about requiring crypto businesses to be licensed as a part of France's alignment with the upcoming EU regulations. Back in the US, Sen. Elizabeth Warren is putting forth a bill that would severely hamper the crypto industry because the industry is used for nefarious reasons. Has she looked at traditional finance lately? I think there needs to be more pragmatic thought instead of knee jerk reactions. 6. It gets worse for Silvergate as they are hit with a class action lawsuit over their dealings with FTX and Alameda. This could end badly for Silvergate. Should any information leak out that shines a bad light on them, I think it would easily be forced into a buyout situation.