Month: August 2023

MKR Holders See Wealth Grow by Over 100% Amidst Price Boom

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MakerDAO (MKR) has navigated a tumultuous path in the Decentralized Finance (DeFi) market since June, marked by regulatory pressures and various challenges numerous projects face. Nonetheless, a shift in focus has occurred as altcoins, spearheaded by MKR, appear to overshadow this turbulence. Presently, the value of MKR on CoinGecko stands at $1,346, showing a noteworthy 9.1% surge within the past 24 hours, accompanied by an impressive week-long ascent of 18.0%. From mid-June, MKR has achieved an increase exceeding 115%. This growth has effectively diminished the proportion of investors encountering losses by…

ICO warns of email data breach risk as it issues two reprimands

The Information Commissioner’s Office (ICO) has reprimanded two Northern Irish organisations for disclosing people’s information inappropriately via email. Both the Patient and Client Council (PCC) and the Executive Office disclosed recipient details by using inappropriate group email options. They should have found an appropriate alternative such as mail merge. The PCC had sent an email to 15 people across Northern Ireland, each of whom had lived experience of gender dysphoria, using the carbon copy (cc) option. Although the body of the email did not contain personal information, the people who…

LTC Price Is Unlikely to Rally After Litecoin Halving, Past Performance Shows

LTC’s indifferent attitude toward the pivotal event could be explained by the fact that on both occasions, bitcoin, the leading cryptocurrency by market value and industry anchor, was nursing the after-effects of a brutal bear market. More importantly, crypto bull markets typically begin months after bitcoin’s reward halvings, which occur 8-9 months after Litecoin’s halvings. Bitcoin’s fourth halving is due in March/April 2024. Source

Binance’s Zhao Pushed to Shutter US Exchange Ahead of Lawsuits

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Binance’s founder and CEO, Changpeng Zhao, has considered shuttering the US affiliate of the crypto exchange earlier this year to protect the broader global operations, according to a report by The Information. However, Zhao’s decision was blocked by Brian Shroder, CEO of Binance.US. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! Though officially not confirmed, the board of directors of the US unit of Binance voted on the proposal to close the company. Though…

India makes suggestions for G20 crypto roadmap

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India, which currently holds the Group of Twenty (G20) presidency, has supported the Financial Stability Board’s (FSB) recommendations for a global crypto framework published in July. The country also emphasized the necessity of dealing with the risks of digital assets for developing economies. On Aug. 1, India released its presidency note for input in a roadmap on a global framework for crypto. The document concurs with the guidelines written by the FSB, the Financial Action Task Force (FATF) and the International Monetary Fund (IMF). However, the note suggests some additions,…

Worldcoin cryptocurrency project suspended in Kenya

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The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it. Kenya’s minister of internal security took to Facebook on Aug. 2 to announce that the country has suspended the activities of Worldcoin until relevant public agencies had certified the absence of risks to Kenyans. “Relevant security, financial services and data protection agencies have commenced inquiries and investigations to establish the authenticity and legality of the aforesaid activities,” Minister Kithure Kindiki said in a statement. The…

Bitcoin Lightning on Coinbase agenda, Brian Armstrong tells Jack Dorsey

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Brian Armstrong, the CEO of Coinbase, confirmed that the crypto exchange is “looking into” adding the Bitcoin (BTC) Lighting network in its quest to spread crypto payments adoption across the globe. On July 28, Armstrong addressed the crypto community on Twitter (rebranded to X), highlighting the potential of cryptocurrencies to improve global payments infrastructure. He further suggested: “This will take lots of work from all of us, Coinbase included, getting layer 2’s integrated, better on-ramps, simpler UX/onboarding, etc.” Armstrong’s vision for global crypto payments was questioned by long-standing Bitcoin supports…

Kenyan Government Suspends Worldcoin (WLD) Activity

“The Government is concerned by the ongoing activities of an organization calling itself ‘WORLD COIN’ which is involved in the registration of citizens through the collection of eyeball/iris data,” said the statement signed by Minister Kithure Kindiki. Relevant financial, security and data protection services have started investigations to establish the legitimacy and data protection of the project. Source ActivityGovernmentKenyanSuspendsWLDWorldcoin CryptoX Portal