Day: July 17, 2023

Financial Stability Board Calls for Tougher Global Crypto Norms After FTX, Celsius Scandals

The Financial Stability Board (FSB), which groups regulators from some two dozen jurisdictions, including the U.S., EU, China and the U.K., published recommendations to ensure “consistent and comprehensive” regulation of the sector. The recommendations build on proposals originally floated in October and are focused on preventing the kind of behavior alleged to have been carried out by companies such as FTX and Celsius. Source

How easy is a SIM swap hack and how does one guard against it?

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Despite the rise of cybersecurity infrastructure, the online identity still faces many risks, including those related to the hacks of one’s phone numbers. In early July, LayerZero CEO Bryan Pellegrino became one of the latest victims of a SIM swap attack, which allowed hackers to briefly take over his Twitter. And… we’re back in. This was basically my life for the past 24 hours. Luckily we saw hack immediately and the battle began pic.twitter.com/pjrkMfQ2vT — Bryan Pellegrino (@PrimordialAA) July 5, 2023 “My guess is that somebody grabbed my badge out…

A simple tile game is spiking daily txs on Sui Network: Data platform

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A simple blockchain game has been behind a massive spike in daily transactions on the Sui Network, with one data platform even suggesting it has surpassed Solana in network activity. Similar to the 2014 viral browser-based puzzle game 2048, Sui 8192 is a sliding tile game where the players use their arrow keys to shift and combine tiles until they reach a tile worth 8192. It was first launched in October 2022. Each instance of the game mints a new object, similar to minting an NFT, and each move in…

Metaverse bank robberies, Trump NFT biz prefers crypto over cash, and more

Stick em’ up! Bank robbery drills in the Metaverse The Bank of America is mixing a virtual reality metaverse and artificial intelligence to train new employees on everything from handling angry customers to bank robberies. Bloomberg reported July 13 that the bank’s 2,000 new hires undergo a week-long training regime that includes slipping on a VR headset to practice responding to a variety of simulated situations. The VR modules include mundane situations like helping an upset customer or quizzing one which asks for a large swath of cash, and extreme…

Binance completes integration of Bitcoin Lightning Network

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Cryptocurrency exchange Binance has announced it has successfully integrated Bitcoin (BTC) on the Lightning Network, enabling the use of the layer-2 scaling solution for Bitcoin withdrawals and deposits. Binance confirmed the news in a July 17 blog post, where they explained that Binance users can now access their BTC deposit address on the Lightning Network. #Binance has completed the integration of Bitcoin ( #BTC ) on the Lightning Network and deposits and withdrawals are now open. More details here https://t.co/aIofPdtAGY — Binance (@binance) July 17, 2023 Binance first hinted at…

What is Bitcoin Ordinals? | Blockchain News

Bitcoin Ordinals, also known as digital artifacts, are a way to inscribe digital content on the Bitcoin blockchain. They were introduced in January 2023 by Casey Rodarmor, a programmer and artist, who saw an opportunity to create a unique experience on the Bitcoin blockchain similar to non-fungible tokens (NFTs) on Ethereum and other blockchains. What are Bitcoin Ordinals? Bitcoin Ordinals are a system for numbering and tracking individual satoshis (the smallest unit of Bitcoin), transforming them into non-fungible tokens (NFTs). Ordinals are based on ordinal theory, which gives individual identities…

Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted

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Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the Ethereum mainnet, with $2.19 million worth of GHO minted so far. Aave announced the launch of the new stablecoin in a July 16 blog post, describing the new stablecoin GHO as a “decentralized, over-collateralized” asset. The stablecoin is backed by a “multitude” of digital assets including Ethereum’s native currency Ether (ETH) and Aave’s native token AAVE (AAVE). Let’s GHO! Congrats to the @AaveAave community on the Mainnet Launch. https://t.co/vI7JbMLYb4 — GHO (@GHOAave) July 15,…

SEC appeal unlikely as it gains from ‘current confusion’ — Haun Ventures CEO

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A former federal prosecutor turned chief executive of a crypto-focused venture capital fund says she would be “surprised” if the United States securities regulator lodges an immediate appeal against the Ripple case ruling, as it currently benefits from lack of “legal clarity.” On July 13, Judge Torres granted a partial summary judgment in favor of Ripple Labs regarding XRP’s status as a security. At the time, a few commentators warned that an appeal from the SEC would be a possibility. However, in a July 15 Twitter thread, Haun Ventures CEO…

Bitcoin BTC Price Hovers Over $30.2K After Expected Correction. Retail Investor Enthusiasm ‘Likely to Increase’: Analyst

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“Looking ahead, with no major scheduled events or economic data releases this week, we anticipate that price action in the market will be influenced by open interest levels, reflecting trader sentiment, and trending topics such as memes and artificial intelligence,” Johnny Teng, Senior Researcher at LBank Labs, said in a note. “As retail traders may have missed out on last week’s price movement, their enthusiasm to participate in the market is likely to increase.” Original