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Join Our Telegram channel to stay up to date on breaking news coverage Curve stablecoin exchange suffered a cyber attack leading to losses of $50 million due to vulnerabilities in some version of Vyper programming language. Vyper tweeted that its 0.2.15, 0.2.16 and 0.3.0 versions are vulnerable to malfunctioning of so-called reentrancy locks. Curve Finance Suffers an Exploit Unlike other exchanges which use middlemen, Curve Finance uses smart contracts to provide users with services such as stablecoin borrowing, lending, and trading. These smart contracts can be written in a variety of languages including Solidity, Yul, and Vyper. According to Vyper, any projects using the 0.2.15, 0.2.16, and 0.3.0 versions of the languages are vulnerable to malfunctioning reentrancy locks. Reentrancy is a common flaw that lets attackers fool a smart contract by repeatedly calling a protocol in order to take money. PSA: Vyper versions 0.2.15, 0.2.16 and 0.3.0 are vulnerable to malfunctioni...

Coinbase CEO said that SEC believed that every cryptocurrency apart from Bitcoin qualifies as a ‘security’. It was clear that the federal securities regulator was trying to assert authority over the broader section of the market. advertisement In its lawsuit, the US SEC identified 13 most lightly traded digital assets on Coinbase , as securities. The regulator further asserted that offering them further to customers would put the exchange under the purview of the SEC. Armstrong said: “They came back to us, and they said… we believe every asset other than Bitcoin is a security. And, we said, well how are you coming to the conclusion, because that’s not our interpretation of the law. And they said, we are not going to explain it to you, you need to delist every other asset other than Bitcoin”. Armstrong added that had Coinbase succumbed to the SEC’s demands, it could have set a wrong precedent leaving a large ma...

Fubon Bank has partnered with Ripple, a blockchain company, to investigate real estate tokenization solutions as part of the Hong Kong Monetary Authority’s (HKMA) eHKD pilot program .  Tokenizing property liens Fubon Bank Hong Kong’s Executive vice president and chief strategy officer, Xu Luosheng, said the bank would conduct an initial trial focused on customers seeking refunds.  The trial will involve tokenizing property liens and providing digital Hong Kong dollar (HKD) loans using Ripple’s customized technology. Customers who secure these loans will be able to use the digital HKD for various payment scenarios, thereby increasing the practicality and usage of the digital currency. Xu Luosheng revealed in an interview that individuals looking for mortgages would be the main focus of this trial. The bank will use Ripple’s Central Bank Digital Currency (CBDC) platform to digitize legitimate Hong Kong dollars for testing at a fixed 1-to-1 ratio.  ...

Attorney Lisa Zornberg files motion to withdraw from Ripple Labs vs. SEC case. The withdrawal comes amid the recent victory for Ripple. Ripple Labs remains confident, ensuring adequate representation by other attorneys. In a surprising twist to the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC), another prominent attorney for Ripple, Lisa Zornberg, has filed a motion to withdraw her appearance from the case. The court document, filed in the United States District Court for the Southern District of New York, reveals that Zornberg seeks permission to step down as the attorney of record for Ripple Labs. According to the motion, Defendant Ripple Labs has respectfully requested the court to grant Zornberg’s withdrawal from the case. The withdrawal is set to take effect from July 31, 2023, as the Ripple lawyer will no longer be associated with the renowned law firm of Debevoise & Plimpton LLP. Interestingl...

In a rather surprising development, Shiba Inu (SHIB) has seen its whale transactions jump a remarkable 197% in just 24 hours. Indeed, these large-scale transactions have shown a massive increase over the last day according to data reported by IntoTheBlock. A large transaction is technically one that exceeds the $100,000 threshold, according to the on-chain data platform. Moreover, those transactions are most often executed by Whales, or traders with massive holdings in a particular asset. In this case, that would be Shiba Inu. Source: Freepik.com Also Read: Could Shiba Inu Become a Top 5 Crypto During the Next Bull Run?   Shiba Inu Large Transactions Jump Almost 200% Within the digital asset industry, the prevalence of meme coins has been an undeniable facet of the market. Growing vastly over the years, one of the most popular remains Shiba Inu. Subsequently, it has also coordinated a growth strategy that embraces utility. Something that meme coins have long been critic...

The competition between nation-states to attract crypto talent and capital has been one of the most surprising emergent trends throughout the bear market.  The UAE has rapidly drawn investors and startups, Hong Kong is not far behind, and even the United States pivoted away from its aggressive approach, primarily orchestrated by the Chair of the Securities and Exchange Commission (SEC), Gary Gensler.  Europe passed Markets in Crypto Assets (MiCA), and a US judge’s recent seminal ruling turned sentiment on altcoins bullish practically overnight.  These crypto regulation breakthroughs have supported altcoins, and Polkadot (DOT), Filecoin (FIL), and  DigiToads ( TOADS )  are firm. DigiToads  meme utility hybrid  DigiToads benefits from the increasingly lucid crypto regulation and enjoys a privileged status along with other ERC-20 tokens.  New decentralized finance (defi) and old projects have always existed outside of the regulator...

Join Our Telegram channel to stay up to date on breaking news coverage Reddit has announced the launch of a new series of collectible avatars which will launch later today, July 26. The platform will launch its Gen 4 collectibles on Polygon’s network, with the drop scheduled to start at 3 pm Eastern Time. The social media platform has shown strong interest in the NFT sector, and it continues to explore the possibilities offered by digital collectibles, seemingly unbothered by the NFT industry’s downturn. The company has published an announcement on r/CollectibleAvatars that shared the date and time of the launch. The new collection is named “Retro Reimagined,” and it represents the fourth generation of collectible avatars. The platform’s first collection launched in July 2022, and in the following twelve months, Reddit continued to launch new generations. Like the new collection, the previous ones have also launched on Polygon’s network. A...

The tech billionaire wants to make X the “most valuable brand on Earth.” Many people were surprised when Twitter suddenly changed its name to X, but it seems that Elon Musk has been planning a big change for the site for a while. Here’s what we know about how he plans to change the old “Twitter” and what that might mean for crypto. Baking In Financial Services In a Tuesday tweet, Musk said that X Corp. bought Twitter to speed up X’s growth and to “ensure freedom of speech,” which was one of the billionaire’s main goals when he bought the platform last year. When it was just 140-character messages going back and forth, like birds tweeting, the name made sense, the investor said. But because the site has a lot of new Features (like long-form video) and more are on the way, he has decided to “say goodbye to the bird.” “In the months to come, we will add comprehensive communications and the ...

122 million people in Latin America were considered unbanked in 2021. Island Pay launched a digital wallet “CiNKO” and USDC is the main currency. CiNKO wallet is part of a plan to roll out stable coins and DeFi in Latin America. Island Pay launched a digital wallet named CiNKO that will use USDC as the main currency across 30 countries in Latin America and the Caribbean. The wallet permits users to transfer money, make peer-to-peer payments, and transact with merchants. In 2021, the percentage of remittances in Latin America and the Caribbean increased to up to 26.5% and 11.3% in 2022 reaching $145 billion.  Manuel Orozco, director of the Migration, Remittances, and Development Program said, “Sending money has a cost like anything else, and the percent cost relative to the amount ‘bought’ is often criticized without proper benchmarking.” In Latin America and the Caribbean, a cash remittance costs up to 6.2% while a digital remittance costs 5.09%. Circ...

Bitcoin Price Reclaims $29k Support – What’s Next? Bitcoin price has reclaimed support at $29,000 but there is no guarantee an uptrend will carry on, especially with the resistance anticipated at the 50-day Exponential Moving Average (EMA) (red) holding at $29,362. advertisement Based on the Moving Average Convergence Divergence (MACD) indicator’s outlook, the path with the least resistance is generally to the upside. Shorts traders look out for bearish crosses, characterized by the MACD line in blue crossing below the signal line in red. BTC/USD daily chart | Tradingview It might be pointless to hope for an immediate recovery from Bitcoin price ranging momentum between the area around $29,000 and $30,000. Adding credence to the bearish outlook is the Relative Strength Index (RSI), which is dropping fast in the neutral region toward the oversold region. If declines are sustained below $29,000 in the coming sessions, traders may want ...

Jul 24, 2023 at 08:55 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the price of Solana (SOL) is in an uptrend, but has slipped below the upper resistance level of $26. Solana (SOL) Long-Term Prediction: Bullish If the cryptocurrency price retraces above the 21-day line SMA, the uptrend could continue. However, if the price falls below the 21-day line SMA, the downward momentum could continue to the low of $19. If the downtrend continues, Solana will be forced to resume its sideways movement. In other words, the altcoin will...

Author：Crescent Editor：Colin Wu 1. Hubei Police Cracks the First National “Virtual Currency Case” in China link On July 18th, according to a publication by Ping An Hubei, the Shaoyang County People’s Court made a ruling on a massive cross-border gambling case involving a transaction volume of 400 billion CNY. In the judgment, a portion of the frozen virtual currency was legally confiscated, amounting to approximately 1 billion CNY. This case became the first in the country to involve the confiscation of “virtual currency.” The article mentioned that the special investigation team communicated with the virtual currency issuer to freeze the relevant accounts, preventing approximately 160 million US dollars (about 1 billion CNY) worth of virtual currency from flowing into the hands of the suspects. Additionally, three key suspects who had been hiding overseas were also apprehended. 2. “Taiwan’s Buffett” Zhou Ruiqing Orchestrates ATC Cryptocurrency Sale During Prison Term link Self-procl...

While Cardano supporters are bullish, recent withdrawals of Bitcoin Cash by whales could slow down their uptrend . Because of these concerns, some investors are exploring Borroe and examining the platform’s scalability and real-world utility. Whales withdraw $27.5 million of Bitcoin Cash In June, Bitcoin Cash rallied after the United States Securities and Exchange Commission (SEC) alleged that several altcoins were unregistered securities. However, over the last seven days, Bitcoin Cash has dropped by 11.19% and is currently trading at $250.87. You might also like: Bitcoin cash (BCH) surges 166.3% over past 2 weeks Analysts attribute the decline to Ripple’s recent victory over the SEC, leading institutional investors to favor proof-of-stake (PoS) protocols over proof-of-work (PoW) protocols like Bitcoin Cash. As a result, Bitcoin Cash bears predict that prices may dip below $240 in the near future.  The situation is worsened by whales who hav...