Category Archive: Cryptocurrency, No picture
BNB Beacon Chain Will Undergo Key Security Upgrade and Hard Fork
The BNB Beacon Chain is poised to undergo a scheduled hard fork and security upgrade on July 19th, 2023, as announced by the network’s technical team. This update, expected to occur at block height 328,088,888, will require all full node operators to shift to software version v0.10.16. The upcoming changes include the introduction of BEP-255, […]
Silk Road BTC Valued at $300M Moved by US Government
US government-linked wallets moved Bitcoin worth over $300 million that are connected to the Silk Road, a once-thriving illegal marketplace on the darknet. The transactions were carried out the transfer in three distinct transactions, as evidenced by on-chain data from Blockchain.com. The collective transaction totaled 9,825 Bitcoin, equating to roughly $301 million. This hefty operation […]
Crypto Crime Takes Back Seat in 2023 But Ransomware Prevails: Chainalysis
Cryptocurrency crime is noticeably less lucrative this year, based on the mid-year report by Chainalysis, a company known for its illicit wallet address tracking. The report indicates a sharp drop of 65% in losses to nefarious activities by the end of June, marking an unusual shift in the otherwise volatile crypto industry. Chainalysis 2023 Report.Interestingly, […]
EU’s Financial Watchdog Publishes Proactive Stablecoin Standards
Staying one step ahead of regulatory mandates, the European Banking Authority (EBA), the financial regulator of the European Union, has requested that stablecoin issuers adopt proposed guiding principles concerning risk management and consumer protection: #EBA encourages institutions involved in asset-referenced token (ART) or electronic money token (EMT) activities to take timely preparatory steps towards the […]
Celsius Sues StakeHound Over Alleged $150M Token Misplacement
Bankrupt crypto lender, Celsius, has taken legal action against StakeHound, the liquid staking platform. The lawsuit centers around StakeHound’s alleged failure to return $150 million worth of ETH, MATIC, DOT and other tokens: “StakeHound continues to wrongfully withhold or otherwise deprive Celsius of possession of all of these valuable Native [ETH] Tokens.” In the legal […]
Digital Ruble Bill Passes in Russian Parliament
The Russian State Duma, the lower chamber of the Federal Assembly, approved the digital ruble bill on July 11. This advancement marks another milestone in the development of Russia’s CBDC. Next stop for the bill is the president’s desk. Amended most recently in June, the bill delineates legal terminology surrounding the proposed CBDC, such as […]
Possible Ripple Effect? Crypto as Securities in LBRY Case Still Undecided
U.S. District Court Judge, Paul Barbadoro, who declined to establish a precedent on the nature of secondary market sales of cryptocurrencies in regard to the decentralized content platform LBRY. The case in question, brought forward by the United States Securities and Exchange Commission (SEC), centered on LBRY’s offering of its own cryptocurrency, LBRY Credits (LBC): I […]
FTX Former Executive Salame Caught in Federal Campaign Finance Probe: WSJ
Federal prosecutors are delving into the financials of Ryan Salame, a former executive of FTX, and Michelle Bond, a previous congressional candidate. Their inquiry focuses on a potential infringement of federal campaign-finance laws during Bond’s 2022 campaign for the GOP primary in New York’s 1st congressional district, The Wall Street Journal reported on July 11. […]
How to Stitch Together +300k Followers on Threads: Have Binance-Level Marketing
Threads, the newly minted social media app integrated with Instagram, has caught the attention of numerous brands competing for a fast-growing user base. Among these brands, Binance, the industry’s top cryptocurrency exchange, has quickly risen to popularity, marking a milestone of rapid follower growth of 327,000, at the time of writing, and high engagement within […]
DeFi Protocol Rodeo Finance Hacked; $1.53M of ETH Stolen
Rodeo Finance, a DeFi protocol residing on the Arbitrum blockchain, suffered its second significant exploit on July 11, resulting in a loss of 472 ETH, equating to approximately $888,000 million. The exploit was orchestrated through a code vulnerability within Rodeo’s Oracle. The exploiter transferred the stolen funds from Arbitrum to Ethereum and then swapped 285 […]
