Month: July 2023

Crypto Traders Prepare for Bitcoin Volatility as Focus Shifts to U.S. CPI

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Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities

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Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security. On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities and Exchange Commission (SEC) brought against the decentralized content platform LBRY. The ruling may have offered legal precedent to fellow District Court Judge Analisa Torres, who is set to make a decision on the SEC’s case against Ripple in the…

BlackRock ETF filing a ‘moment of validation’ for Bitcoin

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The recent tsunami of spot Bitcoin (BTC) exchange-traded fund (ETF) filings should be seen as a “moment of validation” for Bitcoin, says Grayscale Investments CEO Michael Sonnenshein. During a July 12 interview on CNBC’s Last Call, Sonnenshein rejected the notion that BlackRock’s entrance to the Bitcoin ETF race made it “uncool.” “To see, literally, the largest asset manager in the world publicly commit to advancing their crypto efforts only lends to the validity of the asset class and the staying power it has.” In just the last four weeks, at…

What Is Web 4.0? | Blockchain News

Web 4.0 (or Web4) is an innovative concept outlined by the European Commission, designed to compete with the rapidly emerging trend of Web 3.0, which is gaining significant momentum in countries or regions such as the USA, Mainland China, Hong Kong, and Singapore. The Commission’s vision for Web 4.0 aims to position the European Union at the forefront of the next technological transition, surpassing the decentralization of Web 3.0. Characteristics Web 4.0 is anticipated to provide truly intuitive, immersive experiences by seamlessly integrating digital and real objects and environments, enhancing interactions between humans and machines. This…

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

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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

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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…