Month: August 2023

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…

Bittrex, SEC Reach Settlement In Securities Violation Case

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Another crypto firm, Bittrex, bites the dust in the SEC’s continued clampdown on major players in the crypto industry amidst regulatory uncertainty. The regulator has been known to come hard at these crypto firms because it believes they aren’t toeing an almost non-existent regulatory framework.  Bittrex Succumbs To SEC In a press release dated August 10, the United States Securities and Exchange Commission (SEC) announced that crypto exchange Bittrex and its former CEO William Shihara have agreed to a $24 million monetary settlement with the regulator. According to the statement,…

Canadians barely interested in CBDC with 98% of citizens banked

The Bank of Canada conducted research to understand how citizens would behave in a hypothetical cashless environment toward CBDC. The research paper analyzes the role of CBDC in the potential cashless scenario. The report showed that most Canadian citizens might have weak incentives to use CBDCs, as they don’t have barriers to accessing financial services. In other words, Canadian society has high levels of financial inclusion. According to the research, 98% of the population has a bank account, 87% holds a credit card, and 90% of rural and urban citizens…

‘XRP is not a security. Period’ — Crypto lawyers on Ripple’s case amid SEC appeal

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As the United States Securities and Exchange Commission (SEC) seeks an interlocutory appeal in its case against Ripple Labs, lawyers working in the crypto space expressed confidence in Ripple’s case, with some underscoring that the XRP (XRP) token is not a security.  On Aug. 9, the SEC sent a letter to Judge Analisa Torres stating that it was moving to appeal the court decision, which it says warrants a fresh look by an appellate court. The SEC asked the judge to put the case on hold while the appeal is in…