Day: July 12, 2023

New York prosecutor charges hacker over $9M exploit of Solana-based exchange

boss

A former security engineer for an international technology firm has been arrested and charged for allegedly using a smart contract bug to steal $9 million in cryptocurrency from a Solana-based decentralized crypto exchange. On June 11, the United States Attorney for the Southern District of New York Damian Williams announced the “first-ever criminal case” involving an attack on a smart contract operated by a decentralized exchange (DEX). In a statement, Williams claims the accused — Shakeeb Ahmed — “used his expertise to defraud the exchange and its users and steal…

Dubai withdraws crypto exchange’s license for non-compliance

Dubai’s digital asset regulator, the Virtual Asset Regulatory Authority (VARA), has suspended crypto exchange BitOasis from operating in the region. The regulatory body accused BitOasis of failing to meet the necessary regulatory requirements, prompting the suspension that took effect on July 10. You can continue using BitOasis, knowing your assets are safe and secure, held 1-to-1, and our team will continue working closely with VARA and remediate all outstanding post-licensing conditions of our operational MVP license, and work towards a full market product (FMP) license — BitOasis (@bitoasis) July 11,…

Arkham CEO rebuts claims of ‘snitch-to-earn’ program, says it’s to find bad actors

boss

The chief of the startup blockchain intelligence platform Arkham has refuted claims by the crypto community that its new “Intel Exchange” is a “snitch-to-earn” or “dox-to-earn” system. On a July 11 Twitter Space, Arkham CEO Miguel Morel discussed the public relations debacle that has unfolded this week over its marketplace. Arkham’s Intel Exchange aimed to “deanonymize the blockchain” by rewarding users with a new token, ARKM, for revealing the identities behind otherwise anonymous blockchain addresses. It was launched on Binance Launchpad as a token sale this week. The platform rapidly…

Tradecurve likely to pump in July, may dethrone Aave in DeFi

Investors are constantly seeking opportunities to gain profit in the cryptocurrency market, which has a reputation for delivering returns in some instances. Presently, the focus is on Tradecurve, and analysts predict that its native token, TCRV, will surge in July. It is speculated that Tradecurve might overtake Aave and emerge as a leading player in the decentralized finance sector. This article provides an in-depth analysis of both projects. Aave is losing bullish momentum Aave, one of the leading decentralized finance (DeFi) protocols, has dominated lending and borrowing. AAVE, its native…

‘Extended reality’ to create 860K jobs by 2025: EU Commission

boss

The European Commission has tipped “extended reality” — technology that enables people to interact with virtual worlds — will create as many as 860,000 jobs in Europe by 2025.  Extended reality or XR is an umbrella term for immersive technologies including virtual reality, augmented reality and mixed reality, and is a “major technology enabler” for virtual worlds, said the Commission on July 11. Europe throws its hat in the ring to become a world leader in Web 4.0 and virtual worlds. The new internet will impact the way people live…

Northern Trust Partners with NUS to Advance Blockchain for Institutional Investors

Nasdaq listed company Northern Trust (NTRS), the National University of Singapore’s School of Computing (NUS Computing), and the Asian Institute of Digital Finance (NUS AIDF) have announced a series of initiatives aimed at shaping the future of blockchain for institutional investors. Northern Trust, a leading provider of wealth management, asset servicing, asset management, and banking services, has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East, and the Asia-Pacific region. On 23 June 2022, Northern Trust established…

LUNC token burn nears historical high of 70 billion

Approximately 68.3 billion LUNC tokens have been burned so far, accounting for approximately 0.99% of the total token supply. Of this burned amount, 44.8 billion LUNC tokens have recently been sent to the burning address. Restore the digital currency’s reputation Luna Classic HQ has announced that 68,303,850,914 tokens were burnt, representing 0.99% of the total supply, and of this amount, 44,789,088,501 has been sent to the burning address. The update comes as part of the decision to burn all Terra Classic tokens from the community pool and the tokens that…

Coinbase stock closes over 9% up following Cboe’s spot bitcoin ETFs partnership

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase’s shares experienced a significant uptick of 16% on Tuesday before closing 9.87% higher, following the announcement of a key surveillance-sharing agreement with Cboe’s BZX Exchange, marking a pivotal development in the management of its spot bitcoin ETF applications. On Tuesday, July 11, a notable surge was recorded in Coinbase‘s shares (COIN), which rocketed as much as 16% to reach a peak of $92.15. This surge in the company’s stock price is primarily attributed to a…

Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements

boss

Exchange operator Cboe Global Markets has amended five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications to include a surveillance-sharing agreement (SSA) with Coinbase. On July 11, Cboe amended filings with the United States Securities and Exchange Commission (SEC) for the ETFs from Invesco, VanEck, WisdomTree, Fidelity and the joint fund by ARK Invest and 21Shares. Cboe said it had “reached an agreement on terms with Coinbase” to enter into the SSA’s which were settled on June 21. The initial filings for the ETFs stated the parties were “expecting to enter”…