Day: August 11, 2023

Bittrex Settles with SEC for $24 Million After Unregistered Exchange Charges

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Bankrupt cryptocurrency exchange Bittrex, along with its CEO, has reached a settlement with the Securities and Exchange Commission (SEC) for a sum of $24 million. This resolution comes after the SEC charged the exchange in April for its operation as an unregistered exchange, media reports said. Bittrex, its foreign affiliate, and former CEO William Shihara neither admitted nor denied the allegations. Bittrex’s foreign affiliate, known as Bittrex Global GmbH, has agreed to settle charges regarding its failure to register as a national securities exchange, according to an official statement by…

Solana Cuts Saga Price By 40%, Case For SOL YTD High Rises

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Solana Mobile, a subsidiary of Solana Labs, announced a significant 40% price reduction for its Saga smartphone, slashing the price from its initial $1,000 to a more affordable $599. This move comes just four months after the phone’s launch, sparking a flurry of reactions from the crypto community. The official statement from the company suggests that the price cut is a strategic move to foster wider adoption of mobile web3 and to enhance the user experience for the Solana mobile community. However, on-chain data paints a slightly different picture. According…

Worldcoin opens up WLD reservations for unverified users

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The iris scanning crypto project Worldcoin has now made it possible for even unverified customers to reserve their Worldcoin tokens (WLD). In an announcement on Aug. 11, the Worldcoi n project noted that the World app now offers a reservations feature to make it easier for everyone to reserve their WLD tokens before verifying their World ID. The reservation will be valid for 12 months and users can redeem their reserved world tokens by visiting the iris scanning device called Orb. World App with reservation feature. Source: Worldcoin The Worldcoin…

Libbitcoin vulnerability leads to $900k theft from Bitcoin wallets

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A vulnerability in the Libbitcoin Explorer 3.x library has led to the theft of over $900,000 from Bitcoin users. Blockchain security firm SlowMist reported the issue. 🚨SlowMist Security Alert🚨 Recently, #Distrust discovered a severe vulnerability affecting cryptocurrency wallets using the #Libbitcoin Explorer 3.x versions. This vulnerability allows attackers to access wallet private keys by exploiting the Mersenne Twister pseudo-random… — SlowMist (@SlowMist_Team) August 10, 2023 It could also affect users of other digital currencies like Ethereum…

Cardano Tests Psychological Support – What’s The Next Move?

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Cardano (ADA) recently made waves as it brushed against the critical $0.30 resistance level. The significance of such resistance levels in the world of cryptocurrencies cannot be underestimated, as they often mark crucial junctures in the price trajectory of digital assets. Resistance levels serve as key markers on the price charts, indicating levels at which an asset faces heightened selling pressure. These levels are points where a substantial number of traders historically have chosen to sell their holdings, causing the price to temporarily stall or reverse its upward trajectory. Such…

Bitcoin trader reveals ‘important’ BTC price zone as bulls hold $29.3K

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Bitcoin (BTC) faces a new battleground as bulls and bears fight for control of a sideways market, one popular trader says. In part of his latest analysis on X (formerly Twitter) on Aug. 11, Daan Crypto Trades flagged a key level to reclaim as BTC price support. “Strongly contested” BTC price zone set for a grilling With BTC price breakouts continually failing, both Bitcoin bulls and bears are caught in a “strongly contested” range, Daan Crypto Trades summarized. This is the culmination of various trips above and below current spot price, making…

Bitcoin trader reveals ‘important’ BTC price zone as bulls hold $29.3K

Bitcoin (BTC) faces a new battleground as bulls and bears fight for control of a sideways market, one popular trader says. In part of his latest X analysis on Aug. 11, Daan Crypto Trades flagged a key level to reclaim as BTC price support. “Strongly contested” BTC price zone set for a grilling With BTC price breakouts continually failing, both Bitcoin bulls and bears are caught in a “strongly contested” range, Daan Crypto Trades summarized. This is the culmination of various trips above and below current spot price, making the…

Visa explores crypto gas fees payments through cards

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In a potential transformative move for users, Visa, the payment solution provider, is testing an innovative solution enabling on-chain gas fees to be paid using a Visa card. Mustafa Bedawala, a VISA product manager, presented the report, highlighting an observed challenge with cryptocurrency wallets; the ongoing requirement to oversee Ethereum (ETH) balances for covering gas fees. The standard Ethereum procedure involves users acquiring ETH from an exchange or on-ramp service and then transferring it to their wallets to cater to variable gas fees. This continuous adjustment of gas prices frequently…