Prices of the Dogecoin-inspired fell some 99.7% in the past 24 hours. Source
Memecoin Teddy Doge 'Soft' Rug Pulls $4.5M Worth of Tokens, PeckShield Says
Month: July 2022
TRON Bulls Are Back To Pump Some Energy Into TRX Coin
TRON trading volume has shed a trickle at around 3%. There has been an uptrend movement seen before it recently declined. While the TRON bulls are desperately trying to hold on and support the price, the bears have been doing the heavy lifting so TRX needs to work double and get more buyers to boost the price. The bulls did an excellent job pushing the price of the TRX/BTC pair from a lower low that registered at $0.06613 to $0.06715 but investors still need to time the market before they…
Introducing Crypto Commerce – How Blockchain Is Changing Commerce
E-commerce has become an essential part of our daily lives, redefining commercial activities worldwide. Internet penetration has done wonders for the industry and contributed to its growth significantly. The global e-commerce industry was valued at $13 trillion in 2021 and is expected to reach $55.6 trillion by 2027. The Asia-Pacific nations account for more than 70% of all e-commerce activities. For example, China alone contributes $740 billion in e-commerce sales, while the United States accounts for more than $560 billion. This multi-trillion-dollar sector is now evolving to its next level,…
Moscow Exchange to Suspend JPY Trading Due to Settlement Risks
Russia’s Moscow Exchange (MOEX) announced on Monday that it will suspend trading in Japanese yen on the currency markets, effective from August 8, 2022. It cited potential risks and difficulties in the Japanese yen settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process…
How Attackers Stole Around $1.1M Worth of Tokens From Decentralized Music Project Audius
After Proposal #85 was put up, a transaction was executed that delegated some 10 trillion AUDIO towards the votes, thus skewing the proposal in favor of the attacker. Circulating supply was unaffected, but the proposal passed as the erroneous votes were able to trick Audius’ smart contacts. This allowed the attackers to maliciously transfer 18 million AUDIO tokens held by the Audius governance contract, referred to as the “community treasury, to a wallet of their control.” Source
US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn – Regulation Bitcoin News
The financial regulator of the U.S. state of Arizona has warned investors about crypto interest-bearing accounts. “Some companies may materially overstate the degree to which their collateral practices protect their ability to pay investors the stated return,” the regulator said. State Regulator Warns About Crypto Interest-Bearing Accounts The Arizona Corporation Commission issued an investor alert this week, warning about “digital asset financial services companies that offer interest-bearing crypto-asset accounts.” The regulator explained: “With crypto-interest accounts, customers lend crypto assets to the company and, in exchange, receive interest paid in crypto…
Bitcoin Drops Even as Wall Street's 'Fear Gauge' Indicates Calm Ahead of Fed Decision
The absence of typical pre-Fed anxiety indicates investors are anticipating slower rate increases in the coming months. However, some observers say the Fed may not be ready to cave in just yet. Source
XIDEN Blockchain Developer CryptoDATA Tech Announced as Official Title Sponsor of the MotoGP™ Austrian GP – Press release Bitcoin News
press release PRESS RELEASE. CryptoDATA Tech was announced as the title sponsor of the Austrian Grand Prix in 2022, 2023, and 2024. CryptoDATA Tech will take top billing at the Red Bull Ring – Spielberg, which will be officially named the CryptoDATA Motorrad Grand Prix von Österreich, and will sponsor one of the most talented MotoGP™ riders, Jorge Martin. CryptoDATA, is a Romanian company that develops high-performance products and services with unique cybersecurity attributes applicable in various domains due to their integrated features based on blockchain technology and encryption with…
Barclays Expected to Invest 'Millions of Dollars' in Crypto Custody Firm Copper: Report
CryptoX – Cryptocurrency Analysis and News Portal U.K. bank Barclays is among the investors in cryptocurrency custody firm Copper’s $2 billion funding round, according to a report by Sky News. Source The post Barclays Expected to Invest 'Millions of Dollars' in Crypto Custody Firm Copper: Report appeared first on CryptoX. CryptoX Portal
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