Month: July 2023

NAB Tags Crypto Exchanges Risky, Halts $270m Transfers

boss

National Australia Bank (NAB) has actively taken measures to safeguard its customers from financial scams, recently intervening in transactions worth over $270 million. This move comes as a response to the rising scam concerns between March and July. Additionally, NAB is introducing restrictions on payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern…

Cryptocurrency BNB Is Being Heavily Shorted

boss

Traders in the perpetual futures market tied to the BNB token are leaning bearish as the embattled cryptocurrency faces a challenging environment on multiple fronts. Data tracked by Coinglass show open interest and volume-weighted funding rates in perpetual futures have slipped to -0.18%, the lowest since late April. Those numbers mean shorts, or positions that profit from a price drop, are dominant, and are willing to pay longs to keep their bearish bets open. Funding rates are charged every eight hours. “BNB is being heavily shorted,” Huff Haus, co-founder of…

Is Proof Of Funds The New Standard For Centralized Exchanges?

boss

In the wake of the FTX crash, the cryptocurrency landscape has been forever altered, revealing the vulnerabilities inherent in centralized exchanges. While these exchanges continue to hold significant value in the digital asset ecosystem, they face the challenge of addressing the concerns of their users, who fear the potential loss of funds due to mismanagement. One solution gaining traction in the industry is the implementation of Proof of Funds, a mechanism that ensures transparency and security in the exchange of digital assets. Proof of Funds Send a Powerful Signal As…

Ripple预期美国银行将采用其XRP加密货币 | Blockchain News

在法院裁决XRP代币不一定是证券后，总部位于旧金山的区块链初创公司Ripple对美国银行和金融机构采用其XRP加密货币进行跨境支付持乐观态度。 Ripple的总法律顾问Stu Alderoty告诉CNBC，该公司预计将在2023年第三季度开始与美国金融公司讨论使用其On-Demand Liquidity (ODL)产品。ODL产品使用XRP进行资金转账，为跨境交易提供了更快、更具成本效益的解决方案。 美国证券交易委员会（SEC）对Ripple的指控在最近的一项决定中被纽约法院驳回，法院裁定XRP “并不一定是证券”。 自SEC对Ripple及其两位高管非法提供13亿美元XRP的指控后，法律官司已经打了三年。Ripple否认了这些指控，声称XRP更像是商品而不是证券。 尽管这项裁决并未代表Ripple的全面胜利，因为一些代币的销售确实符合证券交易的条件，但Alderoty表示乐观。他表示，这个决定可能会给潜在客户带来安慰，并激发关于解决跨境价值转移和相关费用的实际问题的讨论。 目前，Ripple的大部分业务来自美国以外。 2023年6月22日，Ripple的新加坡子公司Ripple Markets APAC Pte Ltd获得了新加坡金融管理局（MAS）对主要支付机构许可申请的原则性批准。 这个批准使Ripple能够在新加坡提供受监管的数字支付代币产品和服务，同时也扩大了其加密启用的On-Demand Liquidity (ODL)服务的采用。 2022年，Ripple的ODL服务在全球范围内实现了显著增长，其中大部分增长由其在新加坡的运营推动。 2023年7月8日，Ripple的CBDC团队揭示了一种开创性的用例 – 房地产代币化。这种方法使用户能够将房地产资产代币化，并将其作为贷款抵押，可能增加更多个人获得房地产融资的机会。这将通过使用安全、私有和获得许可的账本，也就是Ripple CBDC平台，来实现。 Source link

EU’s Data Act Still Contains Controversial Smart Contract Kill Switch, Despite Lobbying by Polygon, NEAR, Stellar, Cardano

CryptoX – Cryptocurrency Analysis and News Portal Negotiators said they had struck a deal on the controversial text on June 28, shortly after organizations linked to numerous blockchains, including Stellar, Polygon, NEAR and Cardano, expressed their concerns in an open letter, but no text has been released until now. Source The post EU’s Data Act Still Contains Controversial Smart Contract Kill Switch, Despite Lobbying by Polygon, NEAR, Stellar, Cardano appeared first on CryptoX. CryptoX Portal

ZkSync launches new STARK-based proof system with a focus on mass usability

boss

Ethereum layer-2 scaling solution zkSync Era has launched a new Scalable Transparent Argument of Knowledge (STARK)-based proof system called Boojum that promises to run on consumer-grade general processing units (GPUs). ZkSync Era is one of a handful of Ethereum scaling protocols using zero-knowledge rollups (ZK-rollups) to increase capacity and speed while reducing fees. ZK-rollups mostly use two prominent proof systems: zk-STARKs and Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs). The new Boojum proof system is based on a Rust-based cryptographic library from zkSync that implements an upgraded version of arithmetic circuits for zkSync Era…

Philippines Blockchain Council exec sees crypto adoption ‘snowballing’

The Philippines has all the recipes for mainstream crypto and blockchain adoption according to Dr. Donald Lim, the founder of the Blockchain Council of the Philippines (BCP). In an interview with Cointelegraph, Lim shared his thoughts on the country’s potential for crypto adoption and explained why he believes blockchain projects can potentially find success within the country. BCP’s Donald Lim with Cointelegraph’s Ezra Reguerra. Source: Cointelegraph Lim told Cointelegraph that as they recognized that the world moved fast toward Web3, they organized an event called the Philippine Blockchain Week and…

SEC Launches Review of Latest Bitcoin ETF Applications

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

1inch Token Surges 58% as Daily Trading Volume Spikes to 20-Month High; Investor Moves $3.7M to Binance

This creates a fragile market dynamic as market depth, a metric used to assess liquidity over a 2% spread, remains relatively low compared to trading volume. Buy-side market depth of 1inch on Binance is currently $226,272, according to CoinMarketCap. Spot sellers can capitalize on the leveraged trading activity to prompt a cascade of long position liquidations. Source