Day: July 11, 2023

Brazil’s CBDC pilot contains code that can freeze or reduce funds, dev claims

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A blockchain developer who claims to have reverse-engineered the source code of Brazilโ€™s pilot central bank digital currency has discovered functions in the code that would allow a central authority to freeze funds or reduce balances.ย  He has since argued, however, that there could be situations that such functions could be beneficial. The source code of the Real Digital pilot project was posted on GitHub portal on July 6 by Brazilโ€™s top bank. It wasย explained at the time that the Real Digital pilot project is intended for use only in…

Dubai crypto regulator suspends BitOasis crypto exchange license

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Dubaiโ€™s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority. On July 10, the Virtual Assets Regulatory Authority (VARA) issued two alerts saying its undertaken enforcement action against BitOasis and is reviewing the Dubai-based firm. VARA said BitOasisโ€™ conditional license, granted April 12, permitted it to operate provided the firm met โ€œkey conditions over 30-60 day timeframesโ€ which the regulator said hadnโ€™t been met. VARA did not detail what conditions BitOasis failed to meet, but until…

June CPI, PPI Readings Hold the Spotlight for BTC Investors

On Wednesday, observers of U.S. monetary policy will eye the Labor Departmentโ€™s release of the June CPI. The CPI has edged steadily downward since last yearโ€™s high. Economistsโ€™ consensus see Juneโ€™s index dipping in the mid 3% range, although Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Monday note that it could tumble to 2.8%. Yet Moya also noted that core inflation, which excludes more volatile food and energy costs, could remain hot, a result of an expensive housing market. โ€œPricing pressures might remain…

Bitcoin halving bullish for Saylorโ€™s MicroStrategy: Berenberg Capital

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The upcoming Bitcoin (BTC) halving is set to blow fresh wind in the sails of Bitcoin-focused stocks such as Michael Saylor founded tech firm MicroStrategy. In a research note shared with Cointelegraph, New York-based investment firm Berenberg Capital Markets explained its reasons for a bullish outlook on MicroStrategy (MSTR), which Berenberg has given a $430 price target. According to the analysts, MicroStrategy derives the bulk of its value from the 152,333 Bitcoin it held on its books as of June 28, adding that a Bitcoin halving rally could see its…

PancakeSwap aims to enhance platform availability with Google Cloud integration

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied PancakeSwap (CAKE) partners with Google Cloud to achieve high availability and faster operations. Since then, CAKE has hit the fourth spot on top gainers today with a 3.8% price increase in the last 24 hours. Prioritizing continuous availability PancakeSwap, a defi trading platform, announced the start of the use of Google Kubernetes Engine to scale its nodes. The announcement was met with a seemingly positive response from the crypto community. ๐Ÿค PancakeSwap is revolutionizing trading with…

Arkham launches on-chain crypto data and blockchain intelligence marketplace, receives mixed reaction

Dubbed the Arkham Intel Exchange, the platform will enable the monetization of blockchain data and intelligence through a bounty mechanism that connects buyers and sellers. Arkhamโ€™s intel-to-earn economy goes live.ย  Arkham Intelligence, a blockchain analytics company headquartered in New York, has announced the launch of the Intel Exchange, an intel-to-earn platform the team claims will enable web3 sleuths and researchers to monetize their skills. The new Arkham Intel Exchange plans to bring buyers and sellers of valuable blockchain data related to any crypto wallet together via a bounty mechanism. โ€œAnyone…

Pink, Pussy, Venom, Inferno โ€” Drainers coming for a crypto wallet near you

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Four major crypto drainers have emerged to fill the vacuum left by the notorious wallet sweeper Monkey Drainer, with thousands of victims targeted and millions in crypto stolen already this year. The crypto drainers โ€” called Pink Drainer, Inferno Drainer, Pussy Drainer, and Venom Drainer โ€” have together stolen $66.4 million in total since around the start of 2023 according to Dune dashboards complied by Web3 anti-scam platform Scam Sniffer. Venom Drainer has stolen nearly $27.5 million since February, the most out of the group. Inferno Drainer is second with…