Bitcoin looks more stable than long-term U.S. Treasuries, which means it’s a boring time for crypto but an exciting time in the bond market. Source
A Wild Month for Treasuries Is Slow Going for Crypto: Crypto Long & Short
Day: August 9, 2023
Coca-Cola and Friends with Benefits to Celebrate Base Network’s ‘Onchain Summer’
Onchain Summer’s first week will feature daily mints, starting with Friends With Benefits, who will issue an NFT on Thursday designed by artist Deekay Kwon alongside pseudonymous NFT collector Cozomo de Medici. On Saturday, Coca-Cola will open a mint of digital artworks from the Masterpiece collection, with works from artists Aket, Fatma Ramadan and Vikram Kushwah, as well as famed painters Edvard Munch, Johannes Vermeer and Vincent van Gogh. Source
Coinbase Launches ‘Base’ Blockchain, in Milestone for Public Company
“Historically the aperture of what people can do with crypto has been relatively limited, mostly speculation,” Pollak said. “In order for Coinbase and crypto and this work that we’re doing to have the impact that we all want, we need to move from the place where this is speculation to a place where this is integrated into every part of someone’s day-to-day existence.” Source link
Aave’s Earning Farm protocol targeted by reentrancy attack — PeckShield
Blockchain security firm PeckShield revealed fresh vulnerabilities targeting decentralized finance (DeFi) projects on Aug. 9. According to the firm, Aave protocol’s Earning Farm has been compromised by a reentrancy attack, resulting in the theft of at least $287,000 worth of Ether (ETH). #PeckShieldAlert ~$287K #Ethereum pic.twitter.com/TOQ9oSzcGN — PeckShield Inc. (@peckshield) August 9, 2023 A reentrancy attack is like tricking an ATM into giving you money multiple times before it realizes you have none left. This happens by sneaking in and out of a money request, fooling the system into granting…
Russia to Start Digital Ruble Tests on Aug. 15 With Banks, Clients
“The launch of pilot operations with real digital rubles is the most important stage of the project,” the Bank of Russia said in Wednesday’s announcement. “This will allow us to test the operation of the digital ruble platform already in an industrial environment, work out all the necessary procedures with the involvement of clients, adjust processes, if necessary, and make sure that the client path is convenient and understandable for users.” Source AugBanksClientsDigitalRubleRussiaStartTests CryptoX Portal
CoinsPaid Says Systems Were Under Attack For Six Months
In a new report, Estonia’s preeminent crypto payment and personal wallet provider, CoinsPaid, has revealed the intricate workings of a hacking incident that led to a colossal loss of $37 million. This audacious breach was reportedly the culmination of a six-month saga marked by calculated maneuvers and sophisticated tactics, orchestrated by none other than the notorious Lazarus Group. Collaborating with Match Systems, CoinsPaid embarked on a comprehensive inquiry, unearthing the modus operandi of the hacking group and exposing the subsequent laundering of pilfered assets in a post. Elaborate 6-Month Operation…
Grimes Made More On NFT Sales Than She Has Across Her Music Career: Wired
“I’m sad about what happened to NFTs and crypto, because it got polluted fast with people trying to make as much money as possible,” Grimes told Wired. “But I do want to think about compensating artists, especially digital artists. And I hope when the aggro niche dies down, we can come back.” Source
What will Bitcoin do if the Justice Department takes aim at Binance?
In early August, sources leaked word that officials with the United State Department of Justice were considering fraud charges aimed at Binance, the world’s largest cryptocurrency exchange. However, they indicated, officials are worried that it could cause a run on the market akin to the November 2022 collapse of FTX. Those concerns have not deterred the Securities and Exchange Commission or the Commodity Futures Trading Commission from levying their own charges against Binance, which in part accused the exchange and its founder, Changpeng “CZ” Zhao, of allowing Americans to use…
BlackRock Insiders Give A Timeline For When The First Spot Bitcoin ETF Will Be Approved
BlackRock and multiple other fund managers filed for Spot Bitcoin ETFs back in June. Since then, speculations have abounded regarding if the United States Securities and Exchange Commission (SEC) will approve the first Spot Bitcoin ETF given its track record. But according to insiders, the first approval may not be far off. Approval Coming Soon For First Spot Bitcoin ETF Citing his sources at BlackRock and Invesco, Galaxy Digital CEO Mike Novogratz stated that the SEC will likely give the green light for these Bitcoin ETFs within the next four…
Russia to begin CBDC trials with 13 banks
The Bank of Russia (BoR) has revealed that it will begin testing operations for Russia’s central bank digital currency (CBDC) project with digital rubles. The test will begin on Aug. 15. A statement released by the Bank of Russia indicates that the pilot tests will involve the participation of 13 banks and a restricted group of their clients. According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project. This step facilitates the examination of…