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Binance commented on the bug that caused CRV price to diverge across platforms. The exchange users remain unaffected by the bug. A crypto influencer revealed CRV traded $0.086 on DEXs and $0.6 on CEXs. Changpeng Zhao, the CEO of Binance, recently took to Twitter to comment on a bug that caused the price of CRV, the native token of the Curve protocol, to diverge significantly between decentralized and centralized exchanges (DEXs and CEXs). With a touch of humor, Zhao tweeted, “CEX price feed saves DeFi,” in response to the incident where the price difference of CRV on CEXs and DEXs was nearly 700% apart. CEX price feed saves DeFi. Binance users are not affected. Our team checked on the Vyper Reentrant Vulnerability. We only use version 0.3.7 or above. It's important to stay up-to-date with code libraries, apps and OS. And stay #SAFU https://t.co/0GFv86KP9R — CZ Binance (@cz_binance) July 31, 2023 The CEO assured that Binance users were unaffecte...

Margot Robbie, the lead actress in the movie Barbie, recently made a B itcoin reference in one of her interviews. She said that whenever she overheard her husband, Tom Ackerley, and television producer, David Heyman, discussing B itcoin on set, she was reminded of Ken’s personality. Ken is Barbie’s fictional co-star in the movie, starring Ryan Gosling. She said, “ When David and Tom would start talking about Bitcoin or something, Gretta and I would be like, you’re being such Kens!” She added that is “hard to define” what makes a Ken, but clarified, that having “Big Ken Energy” or “Ken-ergy” is a good thing. Margot Robbie says her husband talks about # bitcoin  and she calls it “Big Ken Energy” pic.twitter.com/WUYPV2St2p — Documenting ₿itcoin 📄 (@DocumentingBTC) July 28, 2023 Also Read: Coinbase’s Base Welcomes Meme Coin Season: Assets Rise Upto 7-Million% Ba...

Macro headlines or market changes do not affect Bitcoin and Ethereum, says QCP Capital. Bitcoin’s correlations with traditional macro drivers have declined to almost zero. Crypto market’s sideways price movement started after the surge around the XRP ruling. Macro headlines or market changes do not affect Bitcoin and Ethereum, says QCP Capital, a full-suite crypto asset trading firm. The firm noted that correlations with traditional macro drivers like the USD and equities have declined to almost zero. Market Update – 30 Jul 23 (Accumulators!) 1/ #BTC and #ETH continue their nonchalance to any macro headlines or market moves. Correlations with traditional macro drivers like the #USD and #equities have declined to almost zero (charts below ) pic.twitter.com/Nb5XaHjwMx — QCP Capital (@QCPCapital) July 30, 2023 QCP Capital shared a couple of screenshots showing the XBTUSD correlation against the DXY index, SPX index, and NDX index are all tending...

Crypto conspiracy theorists on Twitter are speculating about the information Sam Bankman-Fried might divulge to authorities in an attempt to make a sweetheart deal clearing him of charges. Apart from misunderstanding procedure, speculators forget that since the FTX founder has repeatedly broken the rules of his parole, he’s likely to spend time in jail even before trial. Yesterday, Ian Miles Cheong tweeted “Sam Bankman-Fried is getting away with it. The Department of Justice will not pursue campaign finance charges against [him].” However, these charges had to be dropped due to extradition treaty rules with the Bahamas, and lawyers are still pursuing the charges. Bankman-Fried will still face seven charges in the upcoming trial, but a second trial with five additional charges is set to commence in the future, probably in 2024. The campaign finance charges may be added to this second trial. There’s no two ways about it — Bankman-Fried faces up to a lifetime behind bars. Any deal he ...

The dismembered remains of Fernando Pérez Algaba, a missing millionaire crypto influencer, were found inside a suitcase by children in a stream in Argentina. Fernando Perez Algaba, known affectionately as Lechuga, made his fortune doing luxury vehicle rental and crypto currency trading. With a notable presence on Instagram, Algaba gained 900,000 followers, actively using the platform to promote his business ventures. Fernando Perez Algaba | Source: Instagram He had settled in Barcelona, Spain. However, reports indicate he was in Argentina for about a week before an alleged murder. According to the Daily Mail, Algaba’s mutilated body was located shortly after he had shared cryptic messages about encountering ‘evil people’ who responded to kindness with hate. You might also like: ONFO coin CEO found dead in United States Two children playing football found the millionaire ’s body. After the children’s parents informed the Buenos Aires police, an inv...

The US House Financial Services Committee passed two crypto regulatory bills , clarifying jurisdiction for crypto firms under SEC and CFTC. On July 26, the House Financial Services Committee voted in favor of two bills – the Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Certainty Act.  The former bill, approved with a 35-15 majority, aims to establish clear rules for crypto firms regarding registration with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC). #PASSED: In a historic first, the House Financial Services Committee just advanced the BIPARTISAN FIT for the 21st Century Act to protect consumers and provide clear rules of the road for the digital asset ecosystem. Up next: @HouseAgGOP considers the legislation tomorrow. pic.twitter.com/kOyLmolPuz — Financial Services GOP (@FinancialCmte) July 26, 2023 The Republican bill also outlines a process for firms to...

Two crypto regulatory bills have been passed by the United States House Financial Services Committee United States in one day. A key United States House panel has approved a pair of bills that will be key to developing a regulatory framework for crypto currencies, reducing regulatory red tape for crypto , and setting clearer rules for the industry. On July 26, the majority of U.S. lawmakers voted in favor of the Financial Innovation and Technology for the 21st Century Act as well as the Blockchain Regulatory Certainty Act. The House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act in a 35-15 vote which would establish rules for crypto firms on when to register with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC). #PASSED: In a historic first, the House Financial Services Committee just advanced the BIPARTISAN FIT for the 21st Century Act to protect consumers and provide clear...

The decision was driven by the country's concern over illicit activities in the crypto market and the desire to safeguard investors. South Korea has established an interagency investigation unit to combat cryptocurrency crimes, aiming to address the rise in illicit activities in the market and the need for investor protection, according to a July 26 report. Concurrently, the Korea Securities Depository announced a business agreement with Code, a company specializing in travel rules, in Seoul to encourage the issuance and usage of LEI (Legal Entity Identifier) in the virtual asset market. According to an earlier report by local news media, Yonhap News, The Seoul Southern District Prosecutors Office will establish a joint virtual asset crime investigation unit called the Joint Investigation Centre for Crypto Crimes. The unit comprises 30 investigators from seven government agencies and bodies. These include the prosecution, Financial Supervisory Service, National Tax Service and K...

Per the release, the couple was accused of orchestrating a deceptive scheme that defrauded more than 100 individuals throughout the United States. According to the complaint, the fraudulent activities conducted by the couple took place in six months, from July 2022 through January 2023.  advertisement Commodity Pool Scheme Targeted over 100 Individuals During this period, the couple allegedly ran a multi-million dollar commodity pool scheme dubbed “Blessings of God Thru Crypto”, which offered tempting investment opportunities to unsuspecting individuals seeking financial growth. Meanwhile, the modus operandi of the scheme was centered on enticing promises of high returns and minimized risks. Prospective investors were lured by the prospect of significant profits in the commodities market. With these seemingly attractive prospects, the couple managed to convince victims to participate in their venture. Eventually, they were able to raise over $6 m...

Worldcoin Faces Examination by UK Data Regulator The UK Information Commissioner’s Office on July 25 revealed that it will examine the Worldcoin project, which aims to provide users with digital identification and free WLD tokens in exchange for their iris scans. A spokesperson for the Information Commissioner’s Office told Reuters: advertisement “We note the launch of WorldCoin in the UK and will be making further enquiries. Organizations also need to have a clear lawful basis to process personal data. Where they are relying on consent, this needs to be freely given and capable of being withdrawn without detriment.” Worldcoin project also includes the World ID system, iris-scanner Orb, and the World App wallet. Two million users have already signed up for the project, and it is expanding its eyeball-scanning operations in 20 countries. While several experts have raised privacy and safety concerns with the project, Worldcoin co-founder ...

Tradecurve (TCRV) is a trending crypto PR oject whose PR esale has grabbed massive attention. Notably, this new crypto exchange will soon surpass the market standings of Binance (BNB) and Huobi Token (HT), which are caught in hot waters. Since experts have PR edicted that it is set to give a 100x PR ofit this year, investors have joined it in large numbers. Register For The Tradecurve Presale Binance (BNB) Faces Survival Crisis As Its Executives Leave Binance (BNB) has been facing challenges from all fronts, and its market position has tanked severely. Binance is faced with a survival crisis as regulators around the world have leapt into action against the world’s largest crypto exchange. Moreover, Binance’s top executives have also started leaving the company as its market size is shrinking drastically. Recently, Binance’s Chief Strategy Officer, Patrick Hillmann, quit the company. His decision came after the Australian authorities searched the office of Binance as part ...

US congressman Warren Davidson has voiced his concerns on central bank digital currencies (CBDCs), claiming they should be banned and criminalized. In a tweet on July 23, the congressman described the Federal Reserve’s efforts as “building the financial equivalent of the death star.” This implies his significant concerns regarding the possible authority and control that a CBDC could give the central bank. The Federal Reserve is building the financial equivalent of the Death Star. Central Bank Digital Currency (CBDC) corrupts money into a tool for coercion & control. Congress must swiftly ban then criminalize any effort to design, build, develop, test or establish a #CBDC. pic.twitter.com/9JWiyj5H2f — Warren Davidson (@WarrenDavidson) July 23, 2023 In addition, Davidson stated his worry that a CBDC might breed corruption, turning money into a weapon of coercion and power.  He urged prompt congressional action to outright outlaw CBDCs to counter this pe...

Join Our Telegram channel to stay up to date on breaking news coverage Switzerland’s Crypto valley appears to be in dire financial strains, as the government recently rejected a six-figure bailout proposal for the region. Tages-Anzeiger, a local news source, confirmed on Monday that the government had denied a bailout proposal from the Canton of Zug. The bailout, which worked to the tune of 100 million Swiss francs (about $103 million), would have helped to keep blockchain firms in Zug afloat during the pandemic. A COVID-19-Inspired Market Downturn The reports of the bailout proposal first broke out late last month. At the time, Bloomberg reported that Cantonal Finance Director Heinz Taennler called for contributions from local governments, private institutions, and the Swiss federal government in the endeavor. Taennler said to the news medium, “Of the biggest 50 companies operating in the region, only half said in a survey that they would make it through the next 12 months u...

Join Our Telegram channel to stay up to date on breaking news coverage Despite the controversy surrounding Facebook’s Libra project, the team is still hiring vigorously to ensure the cryptocurrency can continue development. According to The Irish Times, the group plans to hire 50 some odd employees by the end of this month for its Calibra subsidiary. Of course, Calibra is the wallet behind the Libra cryptocurrency. This is especially interesting considering the pandemic, where millions of jobs are being cut. It is assumed these employees would work remotely during the pandemic. Speaking on the matter is Laura Morgan Walsh, the head of operations at Calibra: “During this time of global uncertainty, we’re continuing to invest in our team located in Dublin. We’re actively hiring experts in fraud, compliance, workforce management and customer care to expand our operations team supporting the Calibra wallet.” Of course, Libra was just recently updated to try and appeal to re...

Canadian police issued a public warning on July 19 regarding a concerning trend of high-value crypto investors falling victim to home robberies. The Royal Canadian Mounted Police (RCMP) in Richmond, located south of Vancouver, reported multiple incidents of similar nature over the past year. Staff sergeant Gene Hsieh from the Richmond RCMP major crime unit claimed that the criminals behind these robberies specifically target individuals known to be high-value cryptocurrency investors. Richmond RCMP and Delta Police FOR IMMEDIATE RELEASE Police issue warning to high-value cryptocurrency investors following home-invasion style robberies. Date: 2023-07-19 For the full News Release, see below:https://t.co/27JLFKcV10#DeltaPolice #DeltaBC pic.twitter.com/7CqONzUdUl — Delta Police Department (@deltapolice) July 19, 2023 The modus operandi of the thieves involves impersonating delivery drivers to gain access to the victims’ homes. Once inside, the suspects seize information ...

Shiba Inu has gained prominence as a meme coin with an active and supportive community. The development team has consistently demonstrated commitment to improving the coin through various initiatives, developments, partnerships, and listings. Also read: Dogecoin (DOGE) Surges 4% Following Elon Musk’s Tweet Among the notable SHIB developers is Shytoshi Kusama, who recently issued a warning message to the SHIB community via his official Twitter account. Security Sidenote: IMHO, Don't ever buy a cold wallet from anyone except the certified manufacturer directly. #STAYSAFE — Shytoshi Kusama™ (@ShytoshiKusama) July 19, 2023 Kusama warns Shiba Inu community not to fall for wallet scams In one of his recent tweets, Shiba Inu dev Kusama left the community with a security sidenote. He cautioned the community against buying a cold wallet from anyone except the certified manufacturer directly. The warning comes amid the expected launch of the SHIB cold...

Following an announcement last month that Binance would no longer operate in the Netherlands , the crypto exchange has told its Dutch customers that they have until August 17 to withdraw their holdings. The firm failed to receive a license from De Nederlandsche Bank, the central bank of the Netherlands. As a result, Dutch users are no longer able to trade crypto on the platform as of Monday, and now have a month to offload their bags. Binance has signed an agreement with Dutch crypto platform Coinmerce to make the move easier, through a one-click system via the Binance app. According to the firm’s chief exec, Jaap de Bruijn, over 100,000 customers have already transferred their crypto holdings. The number is set to increase, NL Times reports. In its statement in June announcing the closure, Binance said that its efforts to gain licensure in the Netherlands remain ongoing. The Netherlands now joins the US and Australia in a growing list of jurisdictions that have shunned Bin...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses Ripple’s latest win against the SEC and what it means for the crypto market. In the latest episode of The Market Report , Cointelegraph analyst and writer Marcel Pechman discusses Ripple’s partial victory against the Securities and Exchange Commission and its impact on the crypto market. Although people traded based on emotion after headlines popped out, the next day, as investors could process what happened, the altcoins gave away half of the gains. On July 13, the United States District Court for the Southern District of New York ruled that Ripple’s XRP (XRP) token is not a security — but only for programmatic sales on digital asset exchanges. The question of sales to institutional investors remains an open case. Moreover, according to a former chair of the Commodity Futures Trading Commission, Timothy Massad, the SEC could appeal the judge’s decision. Therefore, this initial win for Ripple could...

Analysts and industry experts are attributing Bitcoin’s failed movement above $30,000 to various factors, including a sudden interest in XRP and tokens the SEC deemed securities in early June, including Cardano (ADA), Solana (SOL), and Polygon (MATIC). advertisement When Is Bitcoin Price Likely To Breakout? The largest cryptocurrency has remained unchanged in 24 hours and trading at $30,102 on Tuesday as investors bid farewell to the Asian session ahead of the European session. Bitcoin has a market cap worth $584 billion, with $14 billion of trading volume coming in. Based on the daily chart, Bitcoin price is not far from a rectangle pattern breakout but Jake Boyle, the CCO at Caleb & Brown, an Australian crypto exchange, the ongoing stagnation may last longer with minor up-downs until the market encounters some key events. The daily chart shows BTC holding the bullish rectangle support, from which a breakout may trigger a...