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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Security news

  • Cryptocurrency fraud in the UK increased by 32% to £226 million ($273 million) in one year, according to data from the UK police unit Action Fraud, as reported by the Financial Times. “Whenever times are tough, fraudsters always seek to prey on less experienced investors by promising huge returns,” Hinesh Shah, a forensic accountant at Pinsent Masons, was quoted as saying.

Exchange news

  • Japanese messaging giant Line will shut down its crypto exchange Bitfront, citing the ongoing bear market and other crypto industry issues, as well as the decision to focus on the Line blockchain ecosystem and Link (LN) token economy. The exchange announced a plan to completely close down by March 2023.
  • Changpeng Zhao, founder and CEO of Binance, claimed that the company’s proof of reserves (PoR) have “absolutely no negative balances involved.” The exchange provided PoR earlier this month in response to the FTX collapse. As part of the PoR, as Zhao claimed, Binance moved BTC 127,351 ($2 billion) to verify to an auditor it has control over the claimed address. He added that the funds were rotated to a new address.
  • Ben Caselin, the vice president for global marketing and communications at AAX, announced that he resigned. “I did fight for the community but none of the initiatives we came up with were accepted. Any role I had left for communication became hollow,” he said in a tweet. This came after the exchange began halting withdrawals.
  • Coinbase is reinforcing its senior positions in Europe with new hires and promotions, Bloomberg reported.’s former general manager is now Coinbase’s country director for Ireland, Bittrex’ former chief compliance and risk officer Michael Schroeder is the new director of controls in Germany, and Elke Karskens is moving from senior director of marketing to regional director in the UK. This follows significant layoffs seen this year.
  • Tiantian Kullander, the co-founder of the Hong Kong digital asset company Amber Group, passed away unexpectedly in his sleep at the age of 30 on November 23, The Daily Mail reported, citing a company spokesman. No further details were provided surrounding the cause of death.

Regulation news

  • Nigeria’s Securities and Exchange Commission does not plan to include cryptocurrencies in a plan to improve trading in digital assets until regulators agree on standards that protect investors, Bloomberg reported. “We are looking at digital assets that really protect investors,” not necessarily crypto, said Director-General Lamido Yuguda. The commission is avoiding digital currency as crypto exchanges don’t have access to the banking platform that is needed to drive their trades in Nigeria yet.

Investment news

  • Staking technology provider Kiln announced the close of a €17 million ($17.8 million) financing round to expand their staking infrastructure product range. Per the press release, it received funding from Illuminate Financial with participation by Consensys, GSR, Kraken Ventures, Leadblock Partners, Sparkle Ventures, XBTO, 3KVC, Blue Yard Capital, SV Angel, and Alven among others.

Blockchain news

  • Router Protocol, an infrastructure layer enabling communication between blockchains, announced that it would test new cross-chain capabilities to spotlight interoperability at an Ethereum (ETH) hackathon, ETHIndia. Router is a sponsor of the event, and it will be hosting a hackathon to “drive technological advancements in cross-chain solutions, specifically ‘true blue’ cross-chain dapps,” it added.
  • Most Valuable Builder (MVB), the accelerator program designed to support builders on BNB Chain, is now accepting applications from projects for its sixth cohort, Fit for Flight, said an announcement. The application window will be open until January 2023, and the top projects building Web3 infrastructure and dapps will be selected to join the official program in February 2023. MVB is co-led by BNB Chain and Binance Labs.


Stellantis & Vulcan look into geothermal energy in Germany

Automotive group Stellantis and lithium producer Vulcan Energy are exploring the use of geothermal energy to decarbonise the Stellantis car plant in Rüsselsheim, Germany, where the DS 4 and Opel Astra are built. Stellantis says geothermal energy could meet a significant portion of the industrial site’s annual energy needs ...

View more: Stellantis & Vulcan look into geothermal energy in Germany

Seres 5 to be available in Europe from March

Seres, a brand belonging to the Chinese group Sokon, has announced the launch of its all-electric SUV model Seres 5 in Europe at the Brussels Motor Show. The Seres 5 will be available from March through the brand’s European distribution network. Offered in China with hybrid powertrains as the ...

View more: Seres 5 to be available in Europe from March

Xpeng moves forward again in Europe

Chinese electric car manufacturer Xpeng has announced plans to open four delivery and service centres in Europe. These are scheduled to open in the first half of 2023 after the company’s European plans were temporarily halted last year. The young company has also issued a hefty price cut in ...

View more: Xpeng moves forward again in Europe

Wattif EV secures financing for €50 million

Norwegian charging station provider Wattif EV has closed a 50-million-euro investment from Marguerite, one of Europe’s largest investment fund managers for sustainable infrastructure projects. Marguerite is including Wattif EV in the portfolio of its latest fund, Marguerite III. Wattif said in a statement that the investment supports its growth ...

View more: Wattif EV secures financing for €50 million

Ford is planning an EV platform for Europe

Ford wants to launch electric cars based on its own platform in Europe from the middle of this decade. This is what Martin Sander, Ford’s electric car development manager in Europe said. However, most of the development work will take place outside Europe. Ford will initially use the MEB ...

View more: Ford is planning an EV platform for Europe

Mazda launches plug-in hybrid variant of the MX-30

Mazda is adding a plug-in hybrid version to its battery-electric MX-30. Now unveiled at the Motor Show in Brussels, the MX-30 e-Skyactiv R-EV is the announced new variant with a Wankel engine as a range extender. While the wheels are driven solely by the electric motor, the newly developed ...

View more: Mazda launches plug-in hybrid variant of the MX-30

Verkor to source manganese in Czech Republic

French battery manufacturer Verkor, which is a partner of Renault, has signed a letter of intent with Canadian battery materials company Euro Manganese to source manganese for the production of vehicle batteries. A binding purchase agreement has yet to be negotiated. The Canadian company says that the agreement concerns ...

View more: Verkor to source manganese in Czech Republic

Tata considers building battery factory in Europe

The Indian Tata Group is considering building two factories for the production of battery cells, one in India and another in Europe. With the latter plant, the group would produce cells for Tata subsidiary Jaguar Land Rover. P.B. Balaji, the chief financial officer of Tata Motors’ auto division, told ...

View more: Tata considers building battery factory in Europe

Tesla lowers Model 3 & Y prices in Europe and the USA

Howard Oakley Determines the Best Disk Image Format

EU project Nextcell to improve battery performance

CharIN gains new members such as Nio

Outlook: These electric cars coming in 2023

Mercedes-Benz Vans is looking at global production for VAN.EA

Malta to procure 250 EVs for government fleets

Afeela plans further models and launch in Europe

Over one million purely electric cars now on German roads

Galaxy Tab A8 gets Android 13 One UI 5.0 update right on time

Mercedes-Benz launches branded HPC network

Japan loosens safety regulations to speed up HPC installation


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