I Am Hip Hop TV Recognizes Top Web3 Marketing Agency as Unrivaled Media Distribution Expert

PRESS RELEASE. February 16, 2024 – I Am Hip Hop TV, a pioneering startup dedicated to revolutionizing digital media distribution, announces its strategic approach to enhancing brand visibility and driving engagement across major social media platforms. With a focus aon inciting meaningful user interaction that translates into increased awareness and sales conversions, the company has […] Source CryptoX Portal

USDT Ranked 4 out of 5 in New Stablecoin Stability Assessment From Ratings Agency S&P Global

“As we look to the future, we see stablecoins becoming further embedded into the fabric of financial markets, acting as an important bridge between digital and real-world assets,” Lapo Guadagnuolo, a senior analyst at S&P Global Ratings said in a statement. “Nonetheless, it’s important to acknowledge that stablecoins are not immune to factors such as asset quality, governance, and liquidity.” Source

U.S. agency identified Bitcoin inscriptions as cybersecurity risk

The U.S. National Vulnerability Database (NVD) has recognized that BRC-20 standard tokens exploit a vulnerability in the Bitcoin code. According to the official notice, in some versions of the backbone of the network builders, Bitcoin Core and Bitcoin Knots, BRC-20 tokens bypass the established restrictions on the size of additional information contained in the “inscriptions.” The Ordinals protocol allows them to obfuscate data by disguising it as code, as one code developer has already discussed. PSA: “Inscriptions” are exploiting a vulnerability in #Bitcoin Core to spam the blockchain. Bitcoin Core…

United Nations agency to upskill thousands of staff in blockchain tech

A United Nations agency tasked with helping countries eliminate poverty is set to upskill its 22,000 staff in blockchain technology, with the ultimate goal of helping countries achieve “sustainable development” growth.  According to a Nov. 30 statement, the United Nations Development Programme (UNDP) has partnered with the Algorand Foundation to launch a blockchain academy in 2024. The academy will serve the UNDP’s 22,000 staff members across 170 countries, educating them about distributed ledger technology and blockchain, including how it could be used for financial inclusion, supply chain transparency, real-world asset…

KyberSwap attacker used ‘infinite money glitch,’ Australia’s tax agency won’t clarify DeFi rules: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The attacker who stole $46 million from the KyberSwap protocol has used a complex strategy described by a DeFi expert as an “infinite money glitch.” With the exploit, the attackers tricked the platform’s smart contract into believing it had more liquidity available than it did. Australia’s tax regulator has failed to clarify its rules on DeFi despite Cointelegraph reaching out for answers.…

Australia’s tax agency won’t clarify its confusing, ‘aggressive’ crypto rules

Australia’s tax regulator has been unable to clarify confusing aspects of its new guidance that suggests capital gains tax (CGT) is payable on a slate of everyday decentralized finance transactions. The ATO failed to answer direct questions from Cointelegraph on whether staking Ether on Lido or transferring funds via bridges to layer 2 networks are CGT events, leaving DeFi users in the dark about how to comply. The Nov. 9 guidance from the Australian Taxation Office (ATO) says CGT is payable when transferring tokens to another address or smart contract…

SEC Inspector General says prohibition on crypto ownership hinders agency hiring

The Office of the Inspector General (OIG) of the United States Securities and Exchange Commission has released its annual examination of the most serious management and performance challenges facing the agency. Crypto was on its list, as no surprise to anyone in the crypto community. The OIG’s “Statement on the SEC’s Management and Performance Challenges” noted the agency’s previous statements about the lack of disclosure and “widespread noncompliance with existing securities laws by crypto asset market participants.” The existing law leaves gaps in oversight related to crypto assets that are…