Token2049 delay, the authority of the Ethereum Foundation

In this week’s edition of the weekly recap, the organizers of Token2049 postponed the Dubai program until 2027 citing security concerns in the escalation of the Iran-Israel-US conflict, Robinhood reported that in February crypto notional volumes increased by 9% to $25 billion and the Ethereum Foundation published a formal mandate to establish its role as a privacy manager.

Token2049 Dubai has been delayed amid regional disputes

• Organizers of the event postponed the Dubai program until 2027 after citing security concerns related to the escalation of tensions in the country from the Iran-Israel-US military conflict.
• This decision follows the cancellation of another major industry gathering, the TON Gateway event, which was also scheduled to take place in Dubai.

Robinhood shows dominance in crypto trading

• February data revealed crypto notional volumes increased by 9% to $25 billion while equity, options, and event contracts experienced a reduction.

The Ethereum Foundation establishes a written doctrine

• The organization has published an “EF Mandate” that formalizes its role as the steward of a censorship-resistant, privacy-first, open-source platform.
• This document shows that there is no motivation to influence the chain of custody as the protocol measures to meet the wider adoption.

Buterin explains the 2021 donation conditions

• Ethereum founder Vitalik Buterin has detailed Shiba Inu’s largest 2021 donation to the Future of Life Institute while distancing himself from the group’s latest artificial intelligence policy.
• Buterin described the tokens that will increase in value during the 2021 meme coin boom with a high “book value” exceeding 1 billion dollars, prompting him to access cold storage funds, sell Ether shares, and donate to various causes.

Hong Kong prepares banking stablecoin licenses

• Banking giants HSBC and Standard Chartered are expected to be among the first institutions to receive stablecoin issuance licenses in Hong Kong.
• The licensing approach positions Hong Kong to compete with other jurisdictions for regulated stablecoin issuance and operations.

DeFi user loses millions due to slippage error

• A user trying to exchange 50 million USDT for AAVE through the protocol interface only received 324 AAVE after accepting an overpriced quote.
• The transaction prompted Aave to review safeguards and recoup part of the cost of the project following the disastrous fallout.

Prosecutors oppose Bankman-Fried’s request for a new trial

• US prosecutors have asked a federal judge to deny a new trial for the disgraced crypto entrepreneur, saying he has not shown a legal basis to overturn his FTX-related conviction.
• According to the report, prosecutors told the court that Bankman-Fried’s appeal fails to show that her trial was unfair or that new evidence would clearly change the verdict.

Bonk.fun warns users about the dangers of the site

• The team at Solana-based meme coin launch platform has informed users to avoid their website after hackers were reported to be compromising the site and releasing a malicious wallet drainer.
• At least one trader claimed a loss of $273,000 after connecting his wallet to a compromised interface.

Indian authorities arrested GainBitcoin fraud suspect

• The Central Bureau of Investigation has arrested Ayush Varshney, founder and chief technology officer of Darwin Labs Private Limited, in connection with the alleged GainBitcoin cryptocurrency scam.
• Investigators say Darwin Labs helped build the technical infrastructure for the scheme, including the MCAP token and the GBMiners platform.
• Varshney was caught at the Mumbai airport when he was allegedly trying to leave India after the Look Out Circular was issued.

Ripple acquires Australian payments company

• The company announced plans to acquire an Australian financial services license by acquiring BC Payments Australia Pty Ltd, a payments company linked to the European Banking Circle Group.
• The deal is ongoing and is expected to close on April 1 following the completion of customary closing procedures.

Anthropic sues government over AI blacklist

• An artificial intelligence developer has filed a lawsuit against several US government agencies, accusing federal authorities of illegally listing its technology.
• The lawsuit says the block came after Anthropic refused to allow certain military uses of its AI systems.