“The central bank is a scam, a mechanism by which politicians cheat the good people with inflationary tax,” Milei has previously argued. Regarding Bitcoin, he said that it “represents the return of money to its original creator, the private sector.” Source
The issue, dubbed “Milk Sad,” was discovered in late July by information security firm Distrust. Source
The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark. In an Aug. 13 tweet, the former SEC Office of Internet Enforcement chief predicted that a Republican President could drastically shift the crypto-regulatory tide, including the potential resignation of SEC chief Gary Gensler. There are currently a number of Republican candidates in the running. Former-President Donald Trump remains the most popular candidate among Republican voters, followed in a…
Decentralized finance protocol Zunami Protocol has confirmed it has encountered an attack on its “zStables” stablecoin pools. Blockchain security firm PeckShield estimates over $2.1 million was stolen from Zumani’s Curve Pool on Aug. 13, pegging the exploit to a price manipulation issue. Fellow blockchain security firm Ironblocks arrived at a similar figure. Hi @ZunamiProtocol Today’s hack leads to >$2.1m loss and there are two hack txs involved: – tx1: https://t.co/jsOmPT62mk– tx2: https://t.co/u7YOvoS0R9 It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown…
But not everyone’s on board with the crypto ETF train. Critics argue that Bitcoin-linked ETFs could be even worse than centralized exchanges for the crypto market. Their main beef? There’s zero possibility of withdrawing the underlying instrument. This means the holders are never able to take advantage of the single most important feature of Bitcoin: the ability to control their funds without a need to trust anyone. And it’s not just talk. The potential of these investment vehicles is already being realized in markets like Canada. The Purpose Bitcoin ETF,…
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable. Original
Digital asset expert and Vertalo CEO Dave Hendricks discusses a variety of trending topics, including PayPal, Bitcoin ETFs, the U.S. Securities and Exchange Commission (SEC) and the tokenization of art. What was your reaction to PayPal’s recent announcement regarding the launch of a new stablecoin built on the Ethereum blockchain? Hendricks: Truly algorithmic stablecoins capable of real-time valuation and presentation are an existing innovation in capital formation, preservation, and settlement of transactions. Obviously, all stablecoins require substantial computing power and for them to be trusted they should be issued and…
Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that the bulls have not lost their grip. Popular trader TechDev used the three-week timeframe to show that Bitcoin’s compression above the 20-period moving average was approaching values seen only four times since Bitcoin’s creation. Interestingly, on all three previous occasions, the expansions happened to the upside, suggesting that history favors the bulls. Crypto market…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied John Reed Stark, founder and chief of the Office of Internet Enforcement at the U.S. Securities and Exchange Commission (SEC), claims the agency will only approve Bitcoin spot ETF after 2024. Stark weighed in on the current regulatory environment in a lengthy post on X, formerly known as Twitter: Will the SEC Approve Any Of The Recent Bitcoin Spot ETF Applications? People often ask for my opinion on whether the SEC will approve any of the…
The decentralized finance (defi) sector has seen rapid growth, innovation, and occasional debates. For instance, the U.S. Securities and Exchange Commission (SEC) recently sued HEX, a move that saw the token’s price plunge. Amid this, defi investors and analysts are examining InQubeta and its ongoing presale. InQubeta plans for defi InQubeta taps into the capabilities of blockchain and artificial intelligence (AI). The project’s presale has generated significant interest due to the project’s staking model and non-fungible token (NFT) marketplace. Subsequently, the demand for QUBE has been rising in recent weeks. In the ongoing…