Month: June 2023

Will Fed Stick to Its Aggressive Approach?

On Tuesday, June 13, the markets reacted positively to the publication of inflation data. The inflation rate in the United States increased by 0.1% in May. This inflation figure represents a 4% increase over the past 12 months, which meets the economic expectations of the Fed. But will it be enough for the Federal Reserve to slow down its aggressive monetary policy? According to the Consumer Price Index Summary report for May, published by the US Bureau of Labor Statistics, inflation in the US reached its lowest annual level in…

Police in Estonia and Kazakhstan Investigate Atomic Wallet Hack

Atomic Wallet users lost over $100 million worth of crypto in bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), BNB and polygon (MATIC) in the first weekend of June, blockchain intelligence firm Elliptic said in a blog post with updated estimate on Tuesday. According to the firm, over 5,500 wallets had been compromised in the hack. Elliptic earlier said that North Korean hacker group Lazarus might have been responsible for the theft. Source

Binance Announces Maverick Protocol as 34th Project on Binance Launchpool

The Maverick Protocol will be available on the Binance Launchpool as the newest project launched after the Sui blockchain in April. Binance has introduced the newest project on the Binance Launchpool, Maverick Protocol (MAV). The Maverick Protocol, the 34th project on Binance Launchpool, is a decentralized exchange (DEX) that helps liquidity producers hit their capital efficiency targets regardless of their liquidity providing (LP) strategy. According to the official Binance announcement, interested users can farm Maverick Protocol (MAV) tokens by staking TUSD and BNB in different pools. Binance says following the farming period,…

U.S. Treasury Examining How Using CBDC Could Be Kept Private

However, Steele also noted the possible risks of a retail CBDC, especially the danger of runs. He said the recent U.S. banking turmoil showed “the technology enabling the movement of deposits only getting faster,” which increases the hazard of high-speed, panic-driven movements of funds. A Treasury-led group examining the possibilities of a U.S. CBDC “is evaluating policy objectives related to global financial leadership, national security, and privacy, illicit finance and financial inclusion,” Steele said. Source

Damus App must drop bitcoin tipping or face Apple app store removal

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent development, Apple has issued a warning to the Damus app, which operates on the Nostr platform, urging it to align with Apple’s guidelines or risk being removed from the app store within a 14-day timeframe. According to Jack Dorsey, the app store might not understand what this feature is. Maintaining its presence in the app store According to Damus’ Twitter post, Apple sent a warning email stating that the app’s version 1.4.3 is…

Politicized Crypto Regulatory Crackdown Could Deter Blockchain Decentralization in Future, Bernstein Analysts Says

The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week. The cryptocurrency market is in a crucial growth phase that could significantly determine the winners of blockchain mainstream adoption. The fact that different countries are coming up with respective crypto policies is a true testament that there is a need for an update on the decades-old financial systems. Notably, Europe, Hong Kong, Middle East countries, El Salvador, and the Central African Republic have all adopted different friendly crypto policies. However, the…

Bitstamp now included on FCA’s list of registered crypto firms

boss

The United Kingdom arm of cryptocurrency exchange Bitstamp has joined the list of registered firms under the country’s Financial Conduct Authority. According to the FCA list of registered cryptoasset firms as of June 13, Bitstamp U.K. Limited and Interactive Brokers Limited became the first companies to join other registered entities in the U.K. after roughly 6 months — the FCA added Hidden Road Partners and MoonPay in December 2022. The FCA listed 42 registered crypto firms in compliance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) requirements,…

Orbs Debuts Permissionless Beta Launch of DAO Solution

As the permissionless beta launch of TON.Vote. goes live, Orbs’ L3 Guardians technology will be required to boost security.  Layer-3 infrastructure network for Decentralized Applications (DApps) Orbs has announced the permissionless beta launch of TON.Vote. According to the Press Release shared with Coinspeaker, TON.Vote is the new Decentralized Autonomous Organization (DAO)-based governance solution for The Open Network (TON).  According to Orbs, any TON-based project focused on infusing DAO-based governance can leverage the TON.Vote as it is now available for use.  Already, the likes of STON.fi, EvAA, TON Punks and Fanzee…