Day: August 4, 2023

US lawmakers urge White House to address North Korea’s use of digital assets: Report

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Three members of the United States Senate have reportedly sent a letter to the White House and Treasury Department in an effort to crack down on North Korea using cryptocurrency to fund its nuclear program and evade sanctions. According to an Aug. 4 report in The Wall Street Journal, Sens. Elizabeth Warren, Tim Kaine and Chris Van Hollen requested the Biden administration provide information on how the U.S. government was working to address the illicit use of digital assets by the Democratic People’s Republic of Korea. The letter cited reports…

Pepe coin, Floki Inu, and Pomerdoge may rally in next bull run

In Q1 2023, the crypto market recovered, with many digital assets gaining at least 50%.  Some coins, like Pepe coin (PEPE) and Floki Inu (FLOKI), performed well before the market downturn. However, analysts remain bullish. Meanwhile, investors have taken notice of Pomerdoge (POMD) and predict gains in future sessions. Holding PEPE can yield returns. Pepe coin is up 1% in the past hour.  According to data from CoinMarketCap, PEPE is trading at $0.00000123, down 71% from its all-time high of $0.00000425. Despite the dip in price, more investors maintain a…

How Might Its Price Respond to Current Realities?

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XRP experienced a surge after Ripple Labs’ recent legal win against the US Securities and Exchange Commission, marking a partial victory. Nonetheless, the pace of this upswing has moderated in recent weeks, encountering notable resistance and initiating a downward trajectory. With the latest data from CoinGecko, the XRP value registers at $0.658512. This shows a 1.1% contraction over the preceding 24 hours and a notable seven-day decline of 7.4%. During the height of its price surge after Ripple Labs’ legal breakthrough, its coin encountered a rejection near the $0.95 threshold. This…

Worldcoin’s Orb had serious security vulnerability in operator onboarding: CertiK

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The controversial Worldcoin project had a serious security vulnerability, CertiK has disclosed on X (formerly known as Twitter). Worldcoin pays people to become part of its World ID ecosystem by submitting scans of their irises through a device Worldcoin calls an Orb.  According to security platform CertiK, the vulnerability in the vetting process for operators could have allowed an attacker to bypass the verification process and operate an Orb without being interviewed or having a proper ID. “It would not need to be a company,” according to the post. 1/…

Korean superconductor LK99 joins memecoin craze

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Last month, a team of South Korean scientists claimed they engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman’s terms, the team allegedly created a material allowing electrical currents to flow without resistance or energy loss. Previously, such types of materials were only thought to have functioned at absolute zero temperatures. First claimed successful replication of LK-99 Accomplished by a team at the Huazhong University of Science and Technology and posted 30 minutes ago. Why this is evidence:The LK-99 flake slightly levitates for both…

Crypto Trading Volumes Fall To Lowest Level In 2023 Amid Bear Market Woes

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According to a report by CCData, a digital assets data provider, crypto trading volumes on centralized exchanges in July fell to their lowest this year as the bear market lingers. Spot trading volumes dipped by 10.5% to $515 billion, while derivatives volume dipped by 12.7% to $1.85 trillion.  This slump has been attributed to the low volatility in the price action of the two leading crypto tokens – bitcoin and ether. Both tokens have continued to experience sideways price movement since the beginning of July, thus keeping the market players…

Germany is dragging Europe’s economy down — and that’s great for crypto

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In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the recession in Germany, Europe’s largest economy. According to a recent headline in The Wall Street Journal, “Germany is dragging down Europe’s economy.“ The article explains how the country heavily depends on manufacturing, which has been hurt as foreign governments rush to protect domestic industries. According to Pechman, Germany’s gross domestic product (GDP) ranks fourth globally, 42% bigger than France’s GDP. Moreover, manufacturing is responsible for nearly 20% of its economy. To make things worse, the manufacturing industry…

Crypto Investor HashKey Aims to Raise $100M for New Digital Assets Fund

HaskKey Capital, a digital asset financial services firm, announced plans to launch a liquid digital assets fund regulated by the Hong Kong Securities and Futures Commission (HK SFC) on September 1. HashKey is aiming to raise at least $100 million for the open-ended fund, which will focus entirely on virtual assets, a HashKey representative told CoinDesk. Original Source 100MAimsAssetsCryptoDigitalFundHashkeyInvestorRaise CryptoX Portal