Mossab Hussein, co-founder of cybersecurity firm Spidersilk, said the surprising emails can be attributed to one of two options: “It’s either FTX itself sending those emails [to notify them of the claims portal] and giving people a scare. Or, someone has “a list” of emails and is bruteforce resetting their credentials via the portal.” Source
Month: July 2023
Federal Reserve Opens FedNow Service That Dramatically Speeds Up U.S. Payments
The Fed says its new service will operate for 24 hours every single day. While continuing to use commercial banks as intermediaries, central bank officials have previously said it will allow payments to be processed in a matter of seconds, something that’s already the norm in many other jurisdictions across the world. That compares to a same-day service from the existing U.S. automated clearinghouse system, or delays of days or weeks for cashing a check. Source
Ahead of Bitcoin halving, experts bullish on BTC, ROE, and ADA
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied There is growing attention on crypto due to the Bitcoin halving in 2024 and BlackRock’s Bitcoin ETF application. Analysts are monitoring BTC, ADA, and ROE from Borroe Finance. This article discusses Bitcoin halving, the potential market expansion facilitated by BlackRock’s exchange-traded fund (ETF) application, and the outlook for BTC, ADA, and ROE. Buy Borroe Finance presale Understanding Bitcoin halving Bitcoin is deflationary because its supply is limited to 21 million BTC. This sets it apart from fiat…
US law protects institutions and exposes retail investors — Rep. Torres
On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling makes it clear that the U.S. Securities and Exchange Commission’s (SEC) theory that a token can be an investment contract and, therefore, a security, no longer has support in the law. He said of the ruling: “That is not only a huge win for Ripple, but it’s…
Liquid staking claims top spot in DeFi: Binance report
Liquid staking is a decentralized finance (DeFi) subsector that lets users earn yield by staking their tokens without losing their liquidity. It has become the biggest DeFi sector in terms of total value locked (TVL), according to crypto exchange Binance’s Half-Year Report 2023. Within the report, the crypto exchange highlighted that liquid staking had dethroned decentralized exchanges (DEXs) as the top-ranking DeFi category by TVL as of April 2023. The staking mechanism was a crucial part of staking Ether (ETH) before the Ethereum Shanghai upgrade when users were unable to…
Zero Barriers ahead! Zero knowledge and AI combine to redefine the future
From the international stage at Davos to the soccer fields of Bedford, the Decentralize with Cointelegraph podcast dives into the nuances of crypto and blockchain, and how they intersect with everyday life. One promising technology that has emerged in the blockchain space is zero-knowledge proofs (ZK-proofs), which many claim can be a game-changer for blockchain tech and how smart contracts are implemented. Zero Barriers is a special six-part series launched in the first week of July on the Decentralize with Cointelegraph podcast to explore this innovative technology. In the fourth episode,…
Bitcoin options tantalizing bears to push BTC price below $30K before Friday’s expiry
This week’s Bitcoin (BTC) options expiry on Friday, July 21, could solidify the $30,000 resistance level and give the bears the upper hand for the first time since the 21% rally between June 14 and June 21. Bitcoin options expiries coincide with volatility A review of Bitcoin’s recent price action shows that three out of the last four BTC options expiries triggered significant price movements, making it crucial for traders to pay close attention to these events. Bitcoin/USD price index, 4-hour. Source: TradingView Notably, Bitcoin’s price has consistently shown strong reactions…
Bitcoin options tantalizing bears to push price below $30K before Friday’s expiry
This week’s Bitcoin (BTC) options’ expiry on Friday, July 21 could solidify the $30,000 resistance level and give the bears the upper hand for the first time since the 21% rally between June 14 and June 21. Bitcoin options expiries coincide with volatility A review of Bitcoin’s recent price action shows that three out of the last four BTC options’ expiries triggered significant price movements, making it crucial for traders to pay close attention to this event. Bitcoin/USD price index, 4-hour. Source: TradingView Notably, Bitcoin’s price has consistently shown strong reactions…
RDNT Token Jumps Over 10% After Binance Labs Invests $10M in DeFi Lender Radiant Capital
Traders, known as Dynamic Liquidity Providers, can lock in the native RDNT token to profit from interest and flash loan fees and have governance authority within the Radiant DAO. The protocol’s platform fees are paid out in bitcoin (BTC), ether (ETH), BNB Coin (BNB) and stablecoins. Source
DeFi liquidity protocol adds ConsenSys-developed zkEVM rollup Linea
Amid the growing popularity of layer-2 scaling solutions based on zero-knowledge (ZK) proofs, decentralized finance liquidity protocol Symbiosis has added support for Linea, a zkEVM-based scaling solution for cross-chain swaps developed by ConsenSys. Symbiosis said in a statement that Linea is a developer-ready zkEVM rollup, which means it is Ethereum-compatible and thus lets developers reuse a lot of existing infrastructure for creating multi-asset solutions. Linea comprises 100+ protocols, developer tools and decentralized applications, making it a potentially helpful scaling tool for developers in the Ethereum ecosystem. Symbiosis broke into the…