1. Flare has announced an official partnership with blockchain security specialist FYEO.
2. FYEO will be responsible for performing ongoing security audits of Flare’s codebases.
3. These audits will help to minimize risk for all users of the network.

Flare, the leading smart contracts platform, is proud to announce their official partnership with blockchain security specialist FYEO. This partnership will see FYEO take responsibility for performing ongoing security audits of Flare’s codebases. This is an important step in Flare’s blockchain security strategy, and will help to provide a level of security assurance to application developers and users on the network.

Flare Co-Founder & CEO Hugo Philion commented on the partnership, saying: “We are building our protocols with auditor review in mind from the ground up and are committed to working with the best partners to ensure our code is secure. We are excited to be working with FYEO who have a strong track record of providing high-quality security audits for public blockchains.”

FYEO has worked with some of the world’s leading blockchain projects, and is the only security firm endorsed by the Web3 Foundation. Their experience in the industry will be invaluable to Flare, as they bring their security expertise to the table. FYEO’s team of experienced engineers and researchers will be undertaking ongoing audits of Flare’s codebases, providing actionable feedback to help ensure the safety of smart contracts developed and deployed on the network.

Flare’s commitment to security doesn’t end with this partnership however. They are also taking stringent internal testing measures to further boost their network’s security. This includes the use of automated testing tools, manual code reviews and penetration testing. All of these measures are designed to ensure that Flare is one of the most secure smart contracts platforms in the world.

Flare’s partnership with FYEO is an important step in the company’s journey towards becoming the premier smart contracts platform, and is evidence of their commitment to providing secure, reliable and robust blockchain technology. The audits performed by FYEO will help to minimize risk for all users of the network, showcasing Flare’s commitment to security and reliability.

• Nexo has agreed to pay $45 million in fines to U.S. authorities.
• The fines were due to their offering of Earn Interest Products (EIP) to U.S. investors.
• The SEC and NASAA opted to give a lower penalty due to Nexo’s cooperation.

Nexo, the crypto-based lending services provider, has reached an agreement with the U.S. Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) to pay $45 million in fines. This comes after the Californian Department of Financial Protection and Innovation (DFPI) and other U.S. regulators ordered the company to desist from offering Earn Interest Products (EIP) to U.S. investors in September.

The EIPs, in Nexo’s case, took the form of crypto asset lending accounts which were offered to U.S. investors. However, despite the order to desist from offering the accounts, U.S. investors could still use the feature by opting for automatic renewal on already existing accounts. This prompted the legal actions from the SEC and NASAA.

In December, the SEC and NASAA announced that their legal actions had concluded and that Nexo had agreed to pay the $45 million fine. The regulators also opted for a lower penalty due to Nexo’s cooperation in the investigation.

In addition to paying the fine, the company has also agreed to further strengthen its compliance programs and procedures. This includes further training of personnel, compliance reviews, and updates to its policies and procedures.

The events of the past few months have been a major learning experience for Nexo. The company has since taken steps to ensure that it is fully compliant with U.S. regulations and that it is taking all necessary measures to protect its customers.

Nexo is now looking to the future and is focused on creating products and services that will help customers maximize the value of their crypto assets. With the fine paid and its compliance programs updated, Nexo is hoping to move forward and continue to offer the best possible experience to its customers.

• Samsung Asset Management Hong Kong is launching a Bitcoin Futures Active ETF on the Hong Kong stock market on January 13th.
• The ETF seeks to provide exposure to Bitcoin’s value by investing in Bitcoin futures products listed on the Chicago Mercantile Exchange.
• Both retail and institutional investors will be able to gain access to the ETF.

Samsung Asset Management Hong Kong (SAMHK) has announced that it will be launching a Bitcoin Futures Active ETF on the Hong Kong stock market on January 13th. The ETF will be a sub-fund of the Samsung ETFs Trust III, an umbrella unit trust established under Hong Kong law.

The ETF will aim to provide economic exposure to Bitcoin’s value by investing in Bitcoin futures products listed on the Chicago Mercantile Exchange (CME). By investing in these CME-listed futures products, the ETF will provide investors with access to the value of Bitcoin without the need to purchase and store actual Bitcoin.

The ETF will be open to both retail and institutional investors, making it accessible to a wide range of investors. This will provide retail investors with the opportunity to gain exposure to Bitcoin without the need to purchase and store actual Bitcoin, while also providing institutional investors with access to an ETF-based product that provides exposure to Bitcoin.

The launch of the ETF is expected to provide a boost to the Bitcoin market in Hong Kong, as well as provide more options for investors looking to gain exposure to Bitcoin. The ETF will also allow investors to gain exposure to the value of Bitcoin without the need to purchase and store actual Bitcoin, providing a more cost-effective way for investors to gain exposure to the digital currency.

Overall, the launch of the Samsung Bitcoin Futures Active ETF is expected to provide more options for investors looking to gain exposure to Bitcoin, as well as provide a boost to the Bitcoin market in Hong Kong. The ETF will also provide retail and institutional investors with the opportunity to gain exposure to the value of Bitcoin without the need to purchase and store actual Bitcoin, making it a more cost-effective option for investors.

• El Salvador recently passed the Digital Asset Issuance law which is expected to set the stage for the issuing of President Nayib Bukele’s bitcoin bonds, aka, the Volcano Bonds.
• The new law will focus on setting up a legal framework around the issuance of digital assets and the wider crypto classification, which includes every other type of digital asset in the market besides Bitcoin.
• The passing of this historic legislation is expected to bring a much-anticipated regulatory framework for tokenized securities, altcoins, and businesses in El Salvador.

El Salvador recently made waves in the crypto world when it passed the historic Digital Asset Issuance legislation. This new law is expected to set the stage for the issuing of President Nayib Bukele’s bitcoin bonds, commonly referred to as the Volcano Bonds.

The passing of this law marks a crucial milestone for the crypto industry in El Salvador, as it brings a much-anticipated regulatory framework for tokenized securities, altcoins, and businesses. This law focuses on setting up a legal framework around the issuance of digital assets and the wider crypto classification, which includes every other type of digital asset in the market besides Bitcoin.

The Volcano Bonds are the first of their kind in the world and are expected to be issued in the near future. President Bukele has publicly stated that the bonds will be backed by Bitcoin. He also noted that the bonds will be used to finance development projects in the country, such as the construction of infrastructure, housing, and renewable energy projects.

The Digital Asset Issuance law is also expected to have a positive effect on the crypto industry in El Salvador. It will create a more welcoming environment for blockchain companies, allowing them to operate with more regulatory certainty and clarity. Additionally, the law will provide more legal protection for investors, ensuring that their investments are safe and secure.

The passing of the Digital Asset Issuance law is a major step forward for El Salvador and the crypto industry as a whole. It will open up new opportunities for businesses and investors, while providing the necessary regulatory framework to ensure the safety and security of digital assets. It is a sign that El Salvador is serious about embracing blockchain technology and the crypto industry, and is committed to becoming a leader in the space.