Last week, the United States took a step closer to regulatory clarity for its crypto industry. In a 35–15 vote, the House Financial Services Committee (FSC) approved the Financial Innovation and Technology for the 21st Century Act. The bill is intended to establish rules for crypto firms on when to register with either the Commodity Futures Trading Commission (CFTC) or…
Month: July 2023
BALD Token Deployer Rug Pulls a Day After Launching on Base
Just one day after a flurry of activity on its highly anticipated Ethereum layer-2 network, and it looks like scammers used the freshly minted Bald token to target Coinbase’s latest product. Base, which America’s biggest cryptocurrency exchange hopes will be a new ecosystem for crypto projects, launched earlier this month. Traders yesterday rushed to buy new tokens running on the…
Stocks cool off, miners send BTC to exchanges to prep for halving
In July, Bitcoin mining stocks continued their positive 2023 run, with the top 10 stocks by market cap gaining 23.10% on the month on average, with a year-to-date return of 277.34%. In comparison, the Bitcoin (BTC) price lost 3.59% in July as it failed to build support above $30,000 for the sixth week since June. Despite a difficult July, the BTC price…
Ron DeSantis Promises to End ‘Biden’s War on Bitcoin’, Toss CBDC ‘Into the Trash Can’
Florida governor and presidential hopeful Ron DeSantis says he would call off the Biden administration’s alleged attack against the crypto industry on his first day in office if elected as commander in chief. “Biden’s war on Bitcoin and cryptocurrency will come to an end when I become president,” said DeSantis during a campaign stop in New Hampshire on Monday. The…
German government watchdog launched Worldcoin probe in November 2022: Report
The Bavarian State Office for Data Protection Supervision, or BayLDA, reportedly began an investigation into human identity verification project Worldcoin based on concerns over biometric data. According to a July 31 Reuters report, the German data watchdog launched a probe into Worldcoin’s activities starting in November 2022. Worldcoin, a project started with the intention of distinguishing real people from bots…
Price analysis 7/31: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, LTC
Bitcoin’s record low volatility is also a sign that the next price breakout will be volatile, but everyone is guessing which direction price will take and how it will impact altcoins. Source: https://cointelegraph.com/news/price-analysis-7-31-spx-dxy-btc-eth-xrp-bnb-ada-doge-sol-ltc
What is Worldcoin, and how does it help preserve World ID?
WLD token is listed and available via various avenues allowing people to choose the option of purchasing that best suits their needs. Prices are subject to market trends. WLD is available for purchase on all major centralized exchanges (CEXs), such as Binance, KuCoin, OKX, Bybit and Huobi. CEXs, such as Binance, offer multiple purchase options via credit card or bank…
Solana Is Only Network Ready for Gaming: Solana Foundation’s Johnny Lee
Solana Is Only Network Ready for Gaming: Solana Foundation’s Johnny Lee Solana Foundation General Manager Johnny Lee tells Decrypt’s Jason Nelson about how the Solana network will tackle the scaling problem that blockchain games pose for the industry. Source: https://decrypt.co/videos/interviews/5OvV3ZXn/solana-is-only-network-ready-for-gaming-solana-foundations-johnny-lee
BALD token developer denies rug pull as price falls 85% post-launch
A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled liquidity of 1,034 Ether (ETH), worth approximately $1.9 million, from the market, according to social media reports. The developer for BALD denied making any market sales of the coin, stating that they “only added/removed 2 sided liquidity and bought.” Watching the $BALD chart pic.twitter.com/2lc0HEVlNu — Whale…
DeFi Contagion? Curve Finance Exploit Ripples Across Industry
Various teams that forked Curve Finance code are now reporting exploits after an attacker discovered a vulnerability in an old compiler in the programming language Vyper. Curve Finance is a decentralized exchange for stable swaps between stablecoins and crypto tokens such as Ethereum and Wrapped Ethereum (WETH). The platform was exploited on Sunday for an estimated $52 million. Beyond the…