The Australian crypto exchange had $23.4 million of digital assets locked on FTX when it collapsed and FTX’s Australian subsidiary went into administration.

Australian cryptocurrency exchange Digital Surge appears to have narrowly avoided collapse, despite having millions of dollars in digital assets tied up in the now-bankrupt FTX crypto exchange.

On Jan. 24 local time, Digital Surge creditors approved a five-year bailout plan, which aims to eventually refund its 22,545 customers who had their digital assets frozen on the platform since Nov. 16, while allowing the exchange to continue operating.

The rescue plan was first floated to customers by the exchanges’ directors via email on Dec. 8, the same day the company fell into administration.

As per the “Deed of Company Arrangement,” the Australian crypto exchange will receive an $884,543 (1.25 million Australian dollars) loan from an associated business, Digico — allowing the exchange to continue trading and operating.

In a statement, administrators at KordaMentha stated that creditors would be paid over the next five years out of the exchange’s quarterly net profits.

“Customers will be repaid in cryptocurrency and fiat currency, depending on the asset composition of their individual claims,” KordaMentha said, according to a Jan. 24 report from Business News Australia.

Cointelegraph reached out to Digital Surge, which confirmed that at the second meeting of creditors on Jan. 24, a resolution was voted in favor of the rescue plan.

“We expect further communication will be provided to all customers as the administration process with KordaMentha progresses,” it added.

The Brisbane-based crypto exchange had been in operation since 2017 but became one of the casualties of FTX’s collapse in November, freezing withdrawals and deposits only days after FTX filed for bankruptcy and FTX Australia was placed into administration.

At the time, Digital Surge explained they had “some limited exposure to FTX” and would update customers in two weeks’ time — though this was later revealed to be to the tune of around $23.4 million, according to Digital Surge administrator KordaMentha.

The exchange has been one of the few crypto firms to form a solid plan to restart operations and avoid liquidation despite sizeable exposure to FTX.

Since November, several crypto firms, including crypto lending firms BlockFi and Genesis, have filed for Chapter 11 bankruptcy protection as a result of exposure to the fallout of FTX and market turmoil.

The report also enlightens the readers with the ongoing market trends and their analysis. It also contains descriptive profiles of some of the most famous companies, which include TTM Technologies, Samsung Electro-Mechanics, Nok Corp., Meiko Electronics Co. Ltd., CMK Corp., and Advanced Circuits.
Douglas – Isle of Man, Jan. 23, 2023 (GLOBE NEWSWIRE) — Printed circuit boards, also called PCBs, are insulating sheets that serve as the building block for modern electrical devices. You can find PCB in all kinds of electronic products and devices, which includes satellite, airplane, military weapons, mouse, keyboard, laptop, computer, TV, tablet, and mobile phones.
There are multiple printed circuit boards, including rigid-flex PCB, flex PCB, rigid PCB, multi-layer PCB, double-sided PCB, and single-sided PCB, manufactured by several companies worldwide. However, most of these companies are located in China and the United States of America since they are the most advanced.
Printed circuit boards can vary in layering as they can be made with a single layer and fifty or more. They are used in a variety of products for the advantages that it offers. They are light in weight and very small in size, which is the most appropriate option for various modern devices since the technology is going towards a minimal approach these days.
They are easy to maintain in complex systems while giving manufacturers a low production cost across industries. These factors make printed circuit boards a highly cost-effective option for companies.
You cannot manufacture printed circuit boards in bulk with the same design. They are customized according to the needs of different devices and technologies.
Some main elements should be considered while designing a printed circuit board, including its installation and assembly, flexibility, configuration, and space. All of these factors are required for the environment where a printed circuit board will operate and the application for which a printed board circuit will be used.
Printed board circuits are made with the properties of poor electrical conducting and the use of a dielectric core material which will ensure the circuit transmission.
Printed circuit boards consist of Class 1, Class 2, and Class 3, categorized based on design and reliable quality. Class 1 board serves the purpose of designating a consumer electronic. Class 2 boards are used in devices requiring the high-reliability feature as a plus point, but it is unnecessary. This class of devices tries to minimize failure. The last one, the Class 3 board, is used in the most sensitive places as it represents the manufacturing standards of printed circuit boards. These are typically used in airplanes as they have a meager chance of failure.
The printed board circuit is designed using CAD tools. The manufacturers first draw a diagram to capture connectivity in one place. After that, they design a layout that depicts the actual physical representation of a circuit board. This method reduces the chances of error in printed circuit boards which is very important because they are placed in the most expensive and advanced technologies and can mess them up if manufactured incorrectly.
Browse to access an In-depth research report on Global Printed Circuit Boards Market with detailed charts and figures: https://douglasinsights.com/printed-circuit-board-market       
Douglas Insights provides an in-depth report on printed circuit boards, which includes the technologies used in assembling the entire board, the regions in which they are used, its end-user applications, the materials used in designing the board, and its multiple types.
The report includes through-hole and surface-mount technologies used in the assembly of printed circuit boards. The detailed overview of the report includes information on the layering used for interconnectivity
The report also gives an overview of the materials used in manufacturing printed circuit boards: Polytetrafluoroethylene (PTFE), polyamide, CEM-3, FR-4, and others.
The report also mentions where printed circuit boards are used: retail, automotive, transportation, industrial, storage, computing, consumer electronics, energy, aviation, surveillance, defense, healthcare, and others. It also mentions the average price for printed circuit boards per the end-user application.
It offers categorical analysis according to the regions, Asia-Pacific, Europe, North America, and the rest of the world. The global market of printed circuit boards had a massive impact on the world because of the COVID-19 pandemic, which is also covered in this report.
The report also enlightens the readers with the ongoing market trends and their analysis. It also contains descriptive profiles of some of the most famous companies, which include TTM Technologies, Samsung Electro-Mechanics, Nok Corp., Meiko Electronics Co. Ltd., CMK Corp., and Advanced Circuits.
The report details contain a market assessment of the impacts COVID-19 had on the industry, along with the changes in demand and supply, government strategic decisions, and price impact.
The report identifies some of the best companies in demand because of their strategic alliance, proprietary technology, and other advantages. It also provides the readers with the latest information on opportunities in industry shift and other regional and demographic factors that will influence the market in the upcoming years from 2022 to 2027.
It estimates printed circuit boards’ current and actual market size are corresponding to region, end-user application, material, assembly technology, and types.
The report also includes a detailed assessment of political, legal, regulatory, environmental, and technological trends that influence the nature and size of the market.
It analyzes the current market trends by keeping 2021 as the base year and then estimates the revenues till 2027 through Compound Annual Growth Rates (CAGRs). The report contains around 41 data tables for an extensive and detailed overview and 37 additional tables for an in-depth analysis.
Browse to access an In-depth research report on Global Printed Circuit Boards Market with detailed charts and figures:      https://douglasinsights.com/printed-circuit-board-market    
The report offers opportunities, restraints, and drivers for the market, which the author gathered through primary and secondary research.
Douglas Insight offers an extensive report in the form of three licenses available. The first one is a Single User License which can be accessed by a single individual only, available for $5500.
The second license is Multi User License, which can be accessed and used by up to 15 users working in the same company, and is available for $6600. The third and most significant license is the Global User License, which can be used by all the employees working in the same company, and is available for $9504.
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Countries Covered in the report are as below:
North America – United States, Canada, and Mexico
Europe – United Kingdom, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific – China, India, Japan, South Korea, Australia & Rest of APAC
Latin America – Brazil, Argentina, Peru, Chile & Rest of Latin America
Middle East and Africa – Saudi Arabia, UAE, Israel, South Africa
Segmentation Covered into Global Printed Circuit Boards Market-
By Product
Single-Sided
Double-Sided
Multi-Layer
By Substrate
Rigid 1-2 Sided
Standard Multilayer
High Density Interconnect
IC Substrate
Others
By Component
Diodes
Capacitors
Resistors
Other
By PCB Laminate
Paper
FR-4
Composite Epoxy Material
Other
By Laminate Material
Glass Fabric
Epoxy Resin
Other
By Application
Consumer Electronic
IT & Telecom
Communication
Others
Key questions answered in this report
COVID 19 impact analysis on global Printed Circuit Boards industry.
What are the current market trends and dynamics in the Printed Circuit Boards market and valuable opportunities for emerging players?
What is driving Printed Circuit Boards market?
What are the key challenges to market growth?
Which segment accounts for the fastest CAGR during the forecast period?
Which product type segment holds a larger market share and why?
Are low and middle-income economies investing in the Printed Circuit Boards market?
Key growth pockets on the basis of regions, types, applications, and end-users
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Unique data points of this report
Statistics on Printed Circuit Boards and spending worldwide
Recent trends across different regions in terms of adoption of Printed Circuit Boards across industries
Notable developments going on in the industry
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)
Access complete report-      https://douglasinsights.com/printed-circuit-board-market     
Inquire (for customization, for specific regions, etc.): https://douglasinsights.com/static/contact-us
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Douglas Insights UK limited is the first company to provide comparison of market research reports by Table of content, price, ratings and number of pages. We understand the value of time. Productivity and efficiency are possible when you take prompt and assured decisions. With our advanced algorithm, filters, and comparison engine, you can compare your preferred reports simultaneously, based on publisher rating, published date, price, and list of tables. Our data portal enables you to find and review the reports from several publishers. You can evaluate numerous reports on the same screen and select the sample for your best match.

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Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” on Ethereum — privacy.

In a blog post on Jan. 20, Buterin acknowledged the need to come up with a privacy solution because by default, all information that goes onto a “public blockchain” is public too.

He then arrived at the concept of “stealth addresses” — which he said can potentially anonymize peer-to-peer transactions, nonfungible token (NFT) transfers, and Ethereum Name Service (ENS) registrations, protecting users. 

An incomplete guide to stealth addresses:https://t.co/21Q18BrD30

— vitalik.eth (@VitalikButerin) January 20, 2023

In the blog post, Buterin explained how on-chain transactions can be carried out between two parties with anonymity. 

Firstly, a user looking to receive assets will generate and keep a “spending key” that is then used to generate a stealth meta-address.

This address — which can be registered on ENS — is then passed onto the sender who can perform a cryptographic computation on the meta-address to generate a stealth address, which belongs to the receiver. 

The sender can then transfer assets to the receiver’s stealth address in addition to publishing a temporary key to confirm that the stealth address belongs to the receiver. 

The effect of this is that a new stealth address is generated for each new transaction.

Buterin noted that a “Diffie-Hellman key exchange” in addition to a “key blinding mechanism” would need to be implemented to ensure that the link between the stealth address and the user’s meta-address can’ be seen publicly.

The Ethereum co-founder added that ZK-SNARKs — a cryptographic-proof technology with built-in privacy features — could transfer funds to pay transaction fees.

However Buterin emphasized that this may lead to problems of its own — at least for the short term — stating “this costs a lot of gas, an extra hundreds of thousands of gas just for a single transfer.”

Related: Crypto privacy is in greater jeopardy than ever before — here’s why

Stealth addresses have long been touted as a solution to address on-chain privacy issues, which have been worked on since as early as 2014. However very few solutions have been brought to market thus far.

It also isn’t the first time Buterin has discussed the concept of stealth addresses in Ethereum.

In August, he dubbed stealth addresses as a “low-tech approach” for anonymously transferring ownership of ERC-721 tokens — otherwise known as NFTs.

The Ethereum co-founder explained that the stealth address concept proposed offers privacy differently to that of the now U.S. Office of Foreign Asset Control (OFAC)-sanctioned Tornado Cash:

”Tornado Cash can hide transfers of mainstream fungible assets such as ETH or major ERC20s […] but it’s very weak at adding privacy to transfers of obscure ERC20s, and it cannot add privacy to NFT transfers at all.”

Buterin offered some advice to Web3 projects that are developing a solution:

“Basic stealth addresses can be implemented fairly quickly today, and could be a significant boost to practical user privacy on Ethereum.”

“They do require some work on the wallet side to support them. That said, it is my view that wallets should start moving toward a more natively multi-address model […] for other privacy-related reasons as well,” he added.

Buterin suggested that stealth addresses may introduce “longer-term usability concerns,” such as social recovery issues. However, he is confident the problems can be properly addressed in time:

“In the longer term, these problems can be solved, but the stealth address ecosystem of the long term is looking like one that would really heavily depend on zero-knowledge proofs,” he explained.

The Supreme Court on Monday denied a petition from NSO Group, the Israeli spyware maker, to dismiss a lawsuit alleging the firm exploited the WhatsApp platform in 2019 to spy on 1,400 users.

The decision upholds a previous California federal court ruling that rejected NSO Group’s arguments that it qualified for foreign sovereign immunity because it had been acting on behalf of a foreign government to investigate terrorist activity at the time it deployed the software.

NSO Group filed its petition with the Supreme Court in April after a federal judge in California rejected an appeal in the case brought by Meta, WhatsApp’s parent company.

“Meta has repeatedly impeded law enforcement’s ability to lawfully investigate criminals use of WhatsApp to commit serious crimes and acts of terror,” an NSO spokesperson told CyberScoop in an email. “We are confident that the court will determine that the use of Pegasus by its customers was legal.”

The Supreme Court previously called on the Biden administration to weigh in on the case and in November the Justice Department filed an amicus brief asking the court to deny the petition. The administration in 2021 added NSO Group and fellow Israeli spyware company Candiru to its entity list of companies that pose a national security risk.

The high court’s ruling comes amid growing concern from Washington about reining in the spyware industry. President Biden is expected to sign an executive order curtailing the use of spyware by federal agencies sometime this year and members of Congress have also proposed legislative solutions.

“We’re grateful to see the Supreme Court rejected NSO’s baseless petition,” Carl Woog, a spokesperson for WhatsApp, wrote in a statement to CyberScoop. “NSO’s spyware has enabled cyberattacks targeting human rights activists, journalists, and government officials. We firmly believe that their operations violate U.S. law and they must be held to account for their unlawful operations.” 

The court’s decision could help bolster the standing of other lawsuits against the surveillance firm. The Knight Institute filed a lawsuit in U.S. federal court against NSO Group in December on behalf of members of the Salvadoran news outlet El Faro. The lawsuit alleges that the NSO Group violated U.S. hacking laws by deploying spyware against the journalists.

“We’re pleased that the Supreme Court rejected NSO Group’s petition. Today’s decision clears the path for lawsuits brought by the tech companies, as well as for suits brought by journalists and human rights advocates who have been victims of spyware attacks,” Carrie DeCell, senior staff attorney at the Knight First Amendment Institute at Columbia University, wrote in a statement. “The use of spyware to surveil and intimidate journalists poses one of the most urgent threats to press freedom and democracy today.”

Apple is also suing NSO Group in an effort to permanently ban the company from using any of its products, services or software.

• Hong Kong Aims to Become Regional Crypto Hub

Hong Kong has reaffirmed its commitment to become a regional crypto hub in following the collapse of cryptocurrency exchange FTX. “As certain crypto exchanges collapsed one after another, Hong Kong became a quality standing point for digital asset corporates,” said a top government official.

Hong Kong Aims to Become Regional Crypto Hub

Hong Kong Financial Secretary Paul Chan Mo-po reaffirmed the city’s crypto commitment at a web3 summit in Cyberport Monday.

Emphasizing that Hong Kong remains committed to becoming a regional crypto hub, the financial secretary described:

As certain crypto exchanges collapsed one after another, Hong Kong became a quality standing point for digital asset corporates.

He added that Hong Kong has a robust regulatory framework for crypto that “matches international norms and standards.”

Joseph Chan, the undersecretary for financial services and the Treasury for the government of Hong Kong, revealed at the same event that the city is preparing to issue more licenses for digital asset trading firms. Moreover, it is planning a consultation on crypto platforms to explore the potential for retail participation in the industry.

Hong Kong is pushing to become a regional crypto hub despite the collapse of crypto exchange FTX and several other crypto firms filing for bankruptcy. Last month, the city’s Securities and Futures Commission (SFC) issued a statement warning about the risks associated with crypto platforms offering deposits, savings, earnings, and staking services.

After years of strict regulations, Hong Kong is now pushing to make it easier for retail investors to trade crypto assets. Elizabeth Wong, the SFC’s director of licensing and head of the fintech unit, said in October last year: “We’ve had four years of experience in regulating this industry … We think that this may be actually a good time to really think carefully about whether we will continue with this professional investor-only requirement.”

In November last year, Julia Leung, another SFC executive, said the regulator is “actively looking” to set up a regulatory framework that allows retail investors to trade exchange-traded funds (ETFs) with exposure to cryptocurrency futures. In December, the city’s first crypto futures ETFs were launched.