Day: August 10, 2023

Chainlink Turns Attractive On Dips

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Chainlink’s LINK price is showing positive signs pace above $7.20. The price could rise further if it stays above the $7.30 support zone. Chainlink token price is showing positive signs and rising from $7.00 against the US dollar. The price is trading above the $7.30 level and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could gain bullish momentum above the $7.35 resistance…

SEC use of Terraform ruling hints Coinbase dismissal motion attack plan

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A recent filing from the United States Securities and Exchange Commission (SEC) in its lawsuit against crypto miner Green United could shed light on how it may approach the case against Coinbase. On July 31, the SEC scored a win after District Judge Jed Rakoff denied Terraform Lab’s motion to dismiss the case, rejecting its argument that relied on the “major questions doctrine.” The same argument has been used by purported crypto miner Green United in its own motion to dismiss and has also been a centerpiece for crypto defendants…

FTX founder to face charges over illegal campaign finance scheme

US authorities are preparing to charge FTX founder Sam Bankman-Fried with an illegal campaign finance scheme, per court documents filed on Aug. 8. In a twist to the legal case, the prosecutors plan to file a superseding indictment for the week of Aug. 14 to incorporate Bankman-Fried’s alleged illegal campaign finance scheme into seven other existing charges. Prosecutors allege that Bankman-Fried used stolen customer funds to finance an unlawful “political influence campaign” and attempted to conceal this money through “political straw donations.” In a statement, the prosecutors explained, “The evidence…

Ethereum Price Prints Bullish Technical Pattern, Why Close Above $1,880 Is Critical

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Ethereum price is aiming for a fresh increase above the $1,880 zone against the US Dollar. ETH could rally unless there is a close below the $1,830 support. Ethereum is facing major resistance near $1,875 and $1,880. The price is trading above $1,830 and the 100-hourly Simple Moving Average. There is a bullish flag pattern forming with resistance near $1,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $1,860 and $1,880 resistance levels. Ethereum Price Holds Support Ethereum’s…

‘No fucking way’ — Joe Rogan, Post Malone slam US government CBDC

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Podcaster and commentator Joe Rogan has blasted the idea of a United States central bank digital currency, describing a digital dollar as a “game over” scenario for American citizens.  In an Aug. 8 episode of the widely-watched podcast Joe Rogan Experience, Rogan and rapper Post Malone turned to topics surrounding the U.S. financial system, pausing to focus on the potential abuses of power that could come with CBDCs in the United States. Joe Rogan’s podcast typically amasses more than 11 million listeners per episode. Meanwhile, Post Malone boasts a combined…

SEC Asks Court To File Interlocutory Appeal, XRP Stable

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In a meticulously detailed letter to Judge Analisa Torres of the Southern District of New York, the US Securities and Exchange Commission (SEC) has delineated its grounds for seeking an interlocutory appeal against Ripple Labs Inc. This move, which has sent ripples (pun intended) through the XRP community, focuses on the intricate legalities surrounding Ripple’s sales and distributions of XRP. Ripple Vs. SEC: Interlocutory Appeal Incoming The SEC’s primary contention revolves around Ripple’s “programmatic” sales to XRP buyers over crypto asset trading platforms and Ripple’s “other distributions” in exchange for…

PayPal’s secret strategy to smart contact security revealed

Trust — white hat hacker and head of smart contract auditing firm Trust Security — shed some light on a peculiar feature of the smart contract powering PayPal’s new stablecoin PYUSD. In a recent tweet, Trust pointed out that they have “seen a lot of dunking on PayPal for using an ancient Solidity compiler.” As pointed out in a recent article, an analysis of the smart contract revealed that the company used Solidity compiler version 0.4.24. Considering that version 0.4.24 of Solidity was released on May 16, 2018, shows that…

NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

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Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account on Aug. 9 it will soon be migrating to Ethereum in line with its DeGods NFT collection. 1. y00ts will be migrating to Ethereum. — y00ts (@y00tsNFT) August 9, 2023 The NFT collection had mostly migrated from Solana to Polygon in April. The move was first initially announced in December, with the migration starting officially on March 28. By…