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According to a report by the Financial Times, the United States Securities and Exchange Commission (SEC) advised Coinbase, a prominent cryptocurrency exchange, to halt trading in all cryptocurrencies except bitcoin (BTC) before initiating legal action against the company. Coinbase CEO Brian Armstrong revealed that the SEC made this recommendation to the exchange. The legal action was taken against Coinbase for allegedly not registering as a broker with the SEC. On June 6, the SEC took legal action against Coinbase, accusing the exchange of violating federal securities law. The SEC alleged that Coinbase was functioning as a broker, an exchange, and a clearinghouse for unregistered securities, including 13 different cryptocurrencies, excluding bitcoin. In response, Coinbase strongly reacted, asserting that the SEC's action infringed Read more about Should Coinbase Stop Trading All Cryptocurrencies Except Bitcoin? #Coinbase, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulatio

According to recent reports, the BNB Smart Chain (BSC) experienced copycat attacks that exploited a vulnerability in the Vyper programming language, similar to what happened to the decentralized finance (DeFi) protocol Curve Finance. In light of these exploits happening on Ethereum, BlockSec, a Blockchain security firm, revealed through a tweet on July 30 that approximately $73,000 worth of cryptocurrencies were stolen on the BSC due to three separate exploits. These attacks on BSC happened alongside similar incidents that targeted liquidity pools on Curve Finance, resulting in losses estimated to exceed $41 million, as reported by BlockSec. The vulnerability that led to the exploits on the BNB Smart Chain (BSC) was attributed to a malfunctioning reentrancy lock present in Vyper versions 0.2.15, 0.2.16, and 0.3.0. This issue Read more about BNB Smart Chain Targeted by Hackers Due to Programming Language Vulnerability #BNB, #Cryptomarket, #Cryptonewstoday, #Vyper

Based on the latest research conducted by CoinGecko, it has been found that approximately two-thirds of the 30 largest global banks, ranked by assets under management (AUM), have shown support for crypto trading. These banks facilitate crypto trading activities through regulated exchanges, ensuring compliance with relevant regulations. Additionally, the report highlights that around 74% of the top 50 banks worldwide have also embraced crypto trading. These banks have established connections with regulated exchanges to enable their customers to participate in cryptocurrency trading. “However, none support retail crypto trading or on-ramping from respective native platforms.” It's not surprising that the top four banks with a negative stance towards cryptocurrencies are Chinese, given their management of assets worth $19.87 tri Read more about Two Thirds of World’s Largest Banks Are Crypto-Friendly #China, #Crypto, #Cryptonewstoday, #Regulations, #USA

A report jointly released by Ripple and the US Faster Payments Council on July 29 indicates that blockchain technology has the potential to save financial institutions approximately $10 billion in cross-border payment expenses by 2030. The report is based on a survey of 300 finance professionals from 45 countries, spanning fintech, banking, media, consumer technology, and retail industries. According to these professionals, blockchain technology will play a crucial role in accelerating payment systems, reducing cross-border payment costs, and improving transaction speed within the next three years. Furthermore, a recent study conducted by Juniper Research supports the notion that banks adopting blockchain technology within the next six years can achieve significant cost savings. Over half of the survey respondents identified lower Read more about Blockchain Technology to Save Financial Institutions $10 Billion in Cross-Border Payments by 2030 #Altcoin, #Blockchain, #Cryptocurrency, #Cr

Magic Square is an immersive Discovery & Engagement Platform for the Web3 Crypto Ecosystem, empowering users to explore a wide array of community-vetted apps and games. Discover exciting rewards, engaging giveaways, and unlock incredible use-to-earn opportunities. Get rewarded for your activity on the Magic Store with Karma Points. Convert these points into fabulous rewards, unlock access to epic giveaways, airdrops, exclusive bonuses, and more to enhance your Web3 experience. Step-by-Step Guide: Visit the Magic Square Zealy page and connect your Metamask wallet. Create a Magic Store account using your Zealy-connected wallet. Verify your Email, select a username, and upload a profile picture. Once your account is fully verified with a MagicID, you can start Read more about Magic Square Airdrop #Airdrop, #Cryptomarket, #Cryptonewstoday, #Regulations

On July 30, there were exploitations of several stable pools on Curve Finance that used Vyper, resulting in significant losses of approximately $24 million at the time of reporting. The vulnerabilities were identified in Vyper versions 0.2.15, 0.2.16, and 0.3.0, which were found to have malfunctioning reentrancy locks. Vyper, a contract-oriented programming language targeting the Ethereum Virtual Machine (EVM) and known for its Pythonic features, reported that ongoing investigations revealed the issues with the mentioned versions. Projects relying on these versions were urged to contact Vyper immediately. According to security firm Ancilia's analysis of affected contracts, 136 contracts were using Vyper 0.2.15 with reentrant protection, 98 contracts were using Vyper 0.2.16, and 226 contracts were using Vyper 0.3.0. The Read more about Vyper Exploit in Curve Finance's Stable Pools Causes $24 Million Loss #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonew

Lootex revolutionizes the web3 gaming experience by offering a comprehensive platform for gamers. Discover and trade game asset NFTs, stay up-to-date with the latest news, explore ratings and reviews, and connect with like-minded gamers. Their platform supports multiple blockchain networks including Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and more. Step-by-Step Guide Visit the AirDrop page Connect your Metamask wallet Complete tasks (Reward➜Go to Missions➜Claim) Invite friends Disclaimer:  This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions expressed in this article are not a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), cryptocurrency portfolio, tr Read more about Airdrop from Lootex #Airdrop, #Altcoin, #Blockchain, #Ethereum, #Lootex

In the fiercely competitive cryptocurrency market, Toncoin (TON) has emerged as a formidable contender, outperforming both Binance Coin (BNB) and Ethereum (ETH), attracting substantial attention from investors. Nevertheless, a fresh entrant named InQubeta has recently garnered considerable traction within crypto-focused Telegram channels, sparking discussions and curiosity among investors. This article explores the reasons behind the surging popularity of the InQubeta crypto artificial intelligence (AI) project. InQubeta Takes Center Stage in Crypto Telegram ChannelsIn the realm of cryptocurrencies, InQubeta, a platform that aims to democratize investments in AI startups, has gained significant popularity. Its native token, QUBE, has become dominant in Telegram channels dedicated to cryptocurrencies, and several factors Read more about TON Dominates Crypto Scene, While InQubeta's QUBE Token Gains Momentum #Adoption, #Bitcoin, #Blockchain, #BNB, #Cryptocurrency, #Cryptomarket, #Cryp

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious1:002 pointsANZ Business Confidence (Jul)----------18.01:302 pointsPrivate Sector Credit (MoM) (Jun)---------0.4%1:302 pointsChinese Composite PMI (Jul)---------52.51:303 pointsManufacturing PMI (Jul)49.249.01:302 pointsNon-Manufacturing PMI (Jul)---------53.29:002 pointsCore CPI (YoY)5.4%5.5%9:002 pointsCPI (MoM)  0.3%0.3%9:003 pointsCPI (YoY) (Jul) 5.3%5.5%9:002 pointsGDP (YoY) (Q2)0.5%1.0%9:002 pointsGDP (QoQ) (Q2) 0.0%-0.1%13:452 pointsChicago PMI (Jul)43.041.522:452 pointsBuilding Consents (MoM) (Jun)----------2.2%23:302 pointsJobs/applications ratio (Jun)1.321.31 Read more about Upcoming economic events 31 July 2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

dYdX (DYDX) is a decentralized exchange platform for cryptocurrency margin trading for assets like BTC, ETH, SOL, DOT, and more. The bulk of dYdX crypto margin trading products reside atop the Ethereum blockchain. However, the exchange recently rolled out on Layer 2 for instantly settled, inexpensive trades. Step-by-Step Guide 1.Visit the website 2.Connect your wallet 3.The platform will automatically credit you with additional test tokens and offer to make a deposit , so confirm it 4.Open and Close different Long/Short positions with Market/Limit/Stop 5.Leave feedback in the Form and Discord 6.More details here End Date: TBA Disclaimer:  This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions Read more about dYdX testnet v4 #Blockchain, #Cryptomarket, #DYDX, #Ethereum, #Testnet

List of real, valuable crypto airdrops checked by Coinatory Welcome to the free source that presents the legitimate and most relevant cryptocurrency airdrops in the world. Every day we check and collect airdrops and various rewards to provide you with lucrative and latest earning opportunities in the world of cryptocurrency. Follow the instructions to get free crypto tokens! Cryptocurrency trading is associated with a high level of risk and every user must be aware of the risks and be willing to accept them. Coinatory©, its owners, employees, and partners are not responsible for any losses that may result from using the services offered on this website. Information in the section shows the steps we do after calculating ans accepting the risks. It should not be treated as a substitute for specific advice concerning individual situations Read more about AirDrops

Patrick Hansen, a Circle executive, expresses concern about the potential consequences of the Markets in Cryptoassets (MiCA) regulation on entities involved in Maximal Extractable Value (MEV) activities in the European Union (EU). MiCA is a groundbreaking piece of legislation that governs the issuance and provision of services related to crypto-assets and stablecoins, and it is set to be enforced between mid-2024 and early 2025. One noteworthy aspect of MiCA is Article 92, which aims to prevent and prohibit market abuse involving crypto-assets. This provision has captured the attention of lawyers and industry stakeholders, as it could have significant implications for MEV participants operating within the EU. Title VI of MiCA focuses on the "prevention and prohibition of market abuse involving crypto-assets" and applies to all Read more about MiCA Regulation Poses Potential Ban Threat for MEV Activities in the EU #Adoption, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarke

Over Protocol is a decentralized layer 1 blockchain providing lightweight full nodes for easy device running. Notably, Superblock, a contributor to Over Protocol, has secured an impressive $8 million in funding from prominent companies and VCs in South Korea. Step-by-Step Guide 1.Go to the Over Protocol Waitlist Page. 2.Give the "Drop Me" Circular Button a few clicks, then hit "Join the waitlist now". 3.Invite friends with your referral link to earn points together End Date: 27 July Disclaimer:  This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions expressed in this article are not a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), cryptocurrency portfolio, Read more about Over Protocol Airdrop #Airdrop, #Cryptomarket, #Cryptonewstoday, #Regulations

This groundbreaking project introduces a framework for creating and trading NFT collections. In essence, it functions as an NFT marketplace that empowers creators to release their own digital collections and make them available for minting. The project has successfully secured a funding of $60M, with contributions from Coinbase Ventures, Haun Ventures, Kindred, and three angel investors. Step-by-Step Guide Visit the ZORA website. Connect your ETH wallet. Now list, sell or buy NFTs. Visit their testnet page, add ZORA testnet to Metamask from the testnet page. Get some Goerli ETH from here. Now bridge the testnet ETH to ZORA testnet from here. Early users who’ve interacted with the platform and done testnet actions may get an airdrop if they launch an own token. Please note that there is no Read more about ZORA AirDrop #Airdrop, #Altcoin, #Bitcoin, #Cryptonewstoday, #ZORA

Plasm AI is an innovative project that aims to transform gaming by integrating advanced AI-powered NPCs into all game genres. With Plasm AI, players can expect immersive and dynamic gaming adventures, taking their gaming experience to a whole new level. Step-by-Step Guide Head over to the Plasm AI Zealy quest board. Follow @Plasm_AI on Twitter. Complete tasks and engage with the community to boost your chances of winning. Reward: They'll randomly select 500 participants for the opportunity to win between $10 to $50 worth of $PLAI. Additionally, there's an exciting referral contest where the participant with the highest number of referrals will be awarded $1,500. The runner-up will receive $750, the third-place holder will get $400, and the other 47 top referrers will each earn $50. End Read more about Plasm AI Airdrop #Airdrop, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum

Without a doubt, the cryptocurrency realm is rapidly progressing, constantly unveiling novel investment prospects. Every year ushers in a surge of inventive initiatives, and 2023 is certainly no different. Whether you're an experienced crypto enthusiast or a newcomer exploring the crypto world, the lingering question remains: which cryptocurrency should one acquire today for long-term potential? Within this manual, we have handpicked the 5 most promising crypto coins for investment in 2023. 1.Bitcoin Bitcoin has established itself as the longest-standing cryptocurrency in existence. Its prominent position is easily understandable given its substantially higher price and market capitalization compared to other available crypto investment options. The widespread acceptance of bitcoin as a form of payment by numerous Read more about Top 5 Cryptocurrencies for Long-Term Investments: A Guide to Secure Your Future #ADA, #Bitcoin, #Cosmos, #Cryptonewstoday, #Ethereum

The Japan Blockchain Association (JBA) has made a request to Prime Minister Fumio Kishida to modify the country's tax system concerning cryptocurrencies. The association has proposed three key changes aimed at fostering the growth of the crypto industry and increasing accessibility to individual investors. Firstly, the JBA suggests eliminating year-end unrealized gains taxation on tokens issued by third parties. Secondly, they recommend introducing separate taxation for individual crypto asset transactions with a consistent tax rate of 20%. Lastly, the JBA proposes doing away with income tax on earnings from crypto asset exchanges. The adoption of these reforms, according to the JBA's assessment, would create a favorable business environment for web3 ventures and make crypto asset ownership and usage simpler for the general Read more about Japan Blockchain Association Proposes Tax Reforms to Boost Crypto Industry and Attract Global Firms #Adoption, #Altcoin, #Bitcoin, #Cryptocu

Derby Stars is a horse racing metaverse game operating on the Polygon blockchain. In this game, players can breed, train, and trade NFT horses. Created by a team of experienced game developers, Derby Stars aims to offer a unique play-to-earn experience within the NFT gaming sector. Step-by-Step Guide 1.Register on Bybit 2.KYC 3.Subscribe to website 4.More details here Reward: 150 USDT End Date: 31 July Disclaimer:  This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions expressed in this article are not a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), cryptocurrency portfolio, transaction, or investment strategy is appropriate for any particular Read more about IDO $DSRUN on BYBIT #Airdrop, #Bitcoin, #Bybit, #Cryptomarket, #News

EtherMail is the first Web 3.0 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication. They're building the bridge between web 2.0 and web 3.0 email communication, bringing back to users full ownership, control and sovereignty of their inbox. For end users this means fully anonymous P2P communication and being rewarded for reading relevant content in their inbox. Step-by-Step Guide 1.Visit the Ethermail website. 2. Click on “Sign up for free”. 3. Connect your Metamask wallet and sign a transaction. 4. Now enter a secondary email. 5. Now go to the next step by clicking on “Go to inbox” and activate Thor Protocol by clicking “Retrieve Encryption Keys”. 6. You will get 250 EMC. 7. Click on “EMC” from the top right to invite your friends. 8. You will get 250 EMC for each ref Read more about EtherMail AirDrop #Airdrop, #Cryptomarket, #Cryptonewstoday, #Ethereum

During a recent community call, Basic Attention Token (BAT) founder Brendan Eich announced that the platform is planning to implement on-chain BAT payouts without the need for Know-Your-Customer (KYC) verification. This step is part of BAT's ongoing roadmap, aimed at simplifying rewards for Brave browser users while safeguarding their privacy. The introduction of on-chain payouts marks a significant milestone for BAT as it enables users to receive BAT rewards without revealing their identities, thus enhancing their overall experience. However, the ideal platform for these on-chain payouts is still being debated. Brendan mentioned that they are currently evaluating two options: Solana, known for its scalability and low transaction costs, and Ethereum layer-2 solutions like Arbitrum and Optimism, which promise reduced transaction Read more about BAT Founder Announces On-Chain Payouts Without KYC #Adoption, #Altcoin, #BAT, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday

Representatives Gus Bilirakis, a member of the Republican Party from Florida, and Jan Schakowsky, affiliated with the Democratic Party and representing Illinois, came together in the United States Congress to address their concerns directly to Apple CEO Tim Cook regarding the company's App Store guidelines and their impact on groundbreaking technologies such as blockchain and nonfungible tokens (NFTs). Related:Simplifying NFT Minting with AI: The Easiest Method for 2023 On July 28, they collaborated to compose a formal letter inquiring about how Apple's App Store guidelines could potentially affect the advancement of emerging technologies like distributed ledger technology and NFTs. Their main objective with this letter was to investigate whether these guidelines might unintentionally impede the progress and growth of Read more about Will Apple Face Consequences for its Stance on Blockchain and NFTs? #Apple, #Blockchain, #NFT, #Regulations, #USA

As per reports from a local media outlet, President Japarov has given the green light for the establishment of a crypto mining farm at the Kambar-Ata-2 Hydro Power Plant. This venture is expected to require an investment of around $20 million and serves as a potential solution to tackle energy losses experienced by the power plant during certain periods. Specifically, there are times when the station generates more electricity than it actually needs. The Kambar-Ata-2 Hydro Power Plant, which commenced operations in 2010, has the capacity to produce 120 MW of energy annually. However, it is currently only utilizing 90 MW of this capacity, resulting in the remaining 30 MW going to waste, dissipating into the environment. This inefficiency has led to a considerable financial loss of over $37 million for the plant. By utilizing the Read more about Kyrgyzstan to Spend $20 Million to Build a Hydropowered Crypto Mine #CryptoMine, #Cryptomarket, #Cryptonewstoday, #Kyrgyzstan, #Regulations

Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), expressed his deep concern about the prevalence of fraudulent activities within the crypto market. In a recent interview with Bloomberg on Thursday, Gensler pointed out that the crypto market is filled with fraud and deceitful individuals looking to take advantage of unsuspecting investors. While he acknowledged the presence of reputable participants, he emphasized that the number of bad actors is alarmingly high. Gensler highlighted that the challenges faced by investors in the crypto industry go beyond its speculative nature. He warned that despite certain cryptocurrencies being subject to securities laws, investors should not assume that they are automatically protected by these regulations. This cautionary statement underscores the need for greater Read more about Gary Gensler Believes Crypto Investors Are at Risk #Cryptomarket, #Gensler, #Scam, #SEC, #USA

Immutable X (IMX), a layer-2 scaling solution built on the Ethereum blockchain, has seen a significant price surge of over 15% following its listing on Upbit, a prominent South Korean crypto exchange. The token's price skyrocketed to $0.83, the highest level since May 6, despite the broader market being in a consolidation phase. The listing on Upbit, which started trading at 4:00 UTC on July 28, exclusively accepting IMX deposits from the Ethereum (ETH) network, played a crucial role in driving the token's value upwards. This development solidified IMX's position as a prominent player in the crypto industry. Furthermore, IMX's value received an additional boost from its strategic partnership with Helika Analytics. This alliance brought exciting possibilities to the Immutable X ecosystem, allowing users to perform in-depth Read more about Immutable X (IMX) Surges Over 15% Following Upbit Listing #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

Immutable X (IMX), a layer-2 scaling solution built on the Ethereum blockchain, has seen a significant price surge of over 15% following its listing on Upbit, a prominent South Korean crypto exchange. The token's price skyrocketed to $0.83, the highest level since May 6, despite the broader market being in a consolidation phase. The listing on Upbit, which started trading at 4:00 UTC on July 28, exclusively accepting IMX deposits from the Ethereum (ETH) network, played a crucial role in driving the token's value upwards. This development solidified IMX's position as a prominent player in the crypto industry. Furthermore, IMX's value received an additional boost from its strategic partnership with Helika Analytics. This alliance brought exciting possibilities to the Immutable X ecosystem, allowing users to perform in-depth Read more about Immutable X (IMX) Surges Over 15% Following Upbit Listing #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

Immutable X (IMX), a layer-2 scaling solution built on the Ethereum blockchain, has seen a significant price surge of over 15% following its listing on Upbit, a prominent South Korean crypto exchange. The token's price skyrocketed to $0.83, the highest level since May 6, despite the broader market being in a consolidation phase. The listing on Upbit, which started trading at 4:00 UTC on July 28, exclusively accepting IMX deposits from the Ethereum (ETH) network, played a crucial role in driving the token's value upwards. This development solidified IMX's position as a prominent player in the crypto industry. Furthermore, IMX's value received an additional boost from its strategic partnership with Helika Analytics. This alliance brought exciting possibilities to the Immutable X ecosystem, allowing users to perform in-depth Read more about Immutable X (IMX) Surges Over 15% Following Upbit Listing #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

Immutable X (IMX), a layer-2 scaling solution built on the Ethereum blockchain, has seen a significant price surge of over 15% following its listing on Upbit, a prominent South Korean crypto exchange. The token's price skyrocketed to $0.83, the highest level since May 6, despite the broader market being in a consolidation phase. The listing on Upbit, which started trading at 4:00 UTC on July 28, exclusively accepting IMX deposits from the Ethereum (ETH) network, played a crucial role in driving the token's value upwards. This development solidified IMX's position as a prominent player in the crypto industry. Furthermore, IMX's value received an additional boost from its strategic partnership with Helika Analytics. This alliance brought exciting possibilities to the Immutable X ecosystem, allowing users to perform in-depth Read more about Immutable X (IMX) Surges Over 15% Following Upbit Listing #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

On Thursday, the House Financial Services Committee (HFSC) faced challenges in reaching a consensus on stablecoin legislation, primarily due to disagreements among Democrats regarding the current text of the bill. Committee Chair Patrick McHenry (R-NC) attributed the delay in progress to the White House's influence on the bill, suggesting that it was holding up the process. Conversely, Democrats accused Republicans of trying to expedite incomplete legislation without proper deliberation. The Clarity for Payment Stablecoins Act of 2023 aims to grant the Federal Reserve the authority to set guidelines for stablecoin issuers. Simultaneously, it seeks to uphold the power of state-level regulators for payment stablecoins while also establishing additional requirements. After 15 months of negotiations, Committee Chair Patrick Read more about Republicans and Democrats Unable to Reach Consensus on Stablecoin Legislation #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations, #Stabl

On Thursday, the House Financial Services Committee (HFSC) faced challenges in reaching a consensus on stablecoin legislation, primarily due to disagreements among Democrats regarding the current text of the bill. Committee Chair Patrick McHenry (R-NC) attributed the delay in progress to the White House's influence on the bill, suggesting that it was holding up the process. Conversely, Democrats accused Republicans of trying to expedite incomplete legislation without proper deliberation. The Clarity for Payment Stablecoins Act of 2023 aims to grant the Federal Reserve the authority to set guidelines for stablecoin issuers. Simultaneously, it seeks to uphold the power of state-level regulators for payment stablecoins while also establishing additional requirements. After 15 months of negotiations, Committee Chair Patrick Read more about Republicans and Democrats Unable to Reach Consensus on Stablecoin Legislation #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations, #Stabl

On Thursday, the House Financial Services Committee (HFSC) faced challenges in reaching a consensus on stablecoin legislation, primarily due to disagreements among Democrats regarding the current text of the bill. Committee Chair Patrick McHenry (R-NC) attributed the delay in progress to the White House's influence on the bill, suggesting that it was holding up the process. Conversely, Democrats accused Republicans of trying to expedite incomplete legislation without proper deliberation. The Clarity for Payment Stablecoins Act of 2023 aims to grant the Federal Reserve the authority to set guidelines for stablecoin issuers. Simultaneously, it seeks to uphold the power of state-level regulators for payment stablecoins while also establishing additional requirements. After 15 months of negotiations, Committee Chair Patrick Read more about Republicans and Democrats Unable to Reach Consensus on Stablecoin Legislation #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations, #Stabl

On Thursday, the House Financial Services Committee (HFSC) faced challenges in reaching a consensus on stablecoin legislation, primarily due to disagreements among Democrats regarding the current text of the bill. Committee Chair Patrick McHenry (R-NC) attributed the delay in progress to the White House's influence on the bill, suggesting that it was holding up the process. Conversely, Democrats accused Republicans of trying to expedite incomplete legislation without proper deliberation. The Clarity for Payment Stablecoins Act of 2023 aims to grant the Federal Reserve the authority to set guidelines for stablecoin issuers. Simultaneously, it seeks to uphold the power of state-level regulators for payment stablecoins while also establishing additional requirements. After 15 months of negotiations, Committee Chair Patrick Read more about Republicans and Democrats Unable to Reach Consensus on Stablecoin Legislation #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations, #Stabl

On Thursday, the House Financial Services Committee (HFSC) faced challenges in reaching a consensus on stablecoin legislation, primarily due to disagreements among Democrats regarding the current text of the bill. Committee Chair Patrick McHenry (R-NC) attributed the delay in progress to the White House's influence on the bill, suggesting that it was holding up the process. Conversely, Democrats accused Republicans of trying to expedite incomplete legislation without proper deliberation. The Clarity for Payment Stablecoins Act of 2023 aims to grant the Federal Reserve the authority to set guidelines for stablecoin issuers. Simultaneously, it seeks to uphold the power of state-level regulators for payment stablecoins while also establishing additional requirements. After 15 months of negotiations, Committee Chair Patrick Read more about Republicans and Democrats Unable to Reach Consensus on Stablecoin Legislation #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations, #Stabl

The Supreme Court of India has instructed the Union government to disclose its strategy for dealing with crypto-related crimes in the country. Local reports indicate that the court expressed disappointment over the absence of a federal agency or law dedicated to investigating cryptocurrency cases. Industry experts believe that it may take a few months for India to create a specialized framework to address the issues concerning the cryptocurrency sector. During the proceedings, the judges expressed doubts about the government's capability to handle intricate cryptocurrency cases effectively using its existing law enforcement setup. They highlighted the absence of specific laws and a dedicated national agency to handle such cases, which raised concerns about the lack of proper understanding and investigation. The judges stressed Read more about Is the Indian Government Unprepared to Tackle Complex Cryptocurrency Issues? #Cryptomarket, #Cryptonewstoday, #India, #Regulations, #Scam

The Supreme Court of India has instructed the Union government to disclose its strategy for dealing with crypto-related crimes in the country. Local reports indicate that the court expressed disappointment over the absence of a federal agency or law dedicated to investigating cryptocurrency cases. Industry experts believe that it may take a few months for India to create a specialized framework to address the issues concerning the cryptocurrency sector. During the proceedings, the judges expressed doubts about the government's capability to handle intricate cryptocurrency cases effectively using its existing law enforcement setup. They highlighted the absence of specific laws and a dedicated national agency to handle such cases, which raised concerns about the lack of proper understanding and investigation. The judges stressed Read more about Is the Indian Government Unprepared to Tackle Complex Cryptocurrency Issues? #Cryptomarket, #Cryptonewstoday, #India, #Regulations, #Scam

The Supreme Court of India has instructed the Union government to disclose its strategy for dealing with crypto-related crimes in the country. Local reports indicate that the court expressed disappointment over the absence of a federal agency or law dedicated to investigating cryptocurrency cases. Industry experts believe that it may take a few months for India to create a specialized framework to address the issues concerning the cryptocurrency sector. During the proceedings, the judges expressed doubts about the government's capability to handle intricate cryptocurrency cases effectively using its existing law enforcement setup. They highlighted the absence of specific laws and a dedicated national agency to handle such cases, which raised concerns about the lack of proper understanding and investigation. The judges stressed Read more about Is the Indian Government Unprepared to Tackle Complex Cryptocurrency Issues? #Cryptomarket, #Cryptonewstoday, #India, #Regulations, #Scam

The Supreme Court of India has instructed the Union government to disclose its strategy for dealing with crypto-related crimes in the country. Local reports indicate that the court expressed disappointment over the absence of a federal agency or law dedicated to investigating cryptocurrency cases. Industry experts believe that it may take a few months for India to create a specialized framework to address the issues concerning the cryptocurrency sector. During the proceedings, the judges expressed doubts about the government's capability to handle intricate cryptocurrency cases effectively using its existing law enforcement setup. They highlighted the absence of specific laws and a dedicated national agency to handle such cases, which raised concerns about the lack of proper understanding and investigation. The judges stressed Read more about Is the Indian Government Unprepared to Tackle Complex Cryptocurrency Issues? #Cryptomarket, #Cryptonewstoday, #India, #Regulations, #Scam

The Supreme Court of India has instructed the Union government to disclose its strategy for dealing with crypto-related crimes in the country. Local reports indicate that the court expressed disappointment over the absence of a federal agency or law dedicated to investigating cryptocurrency cases. Industry experts believe that it may take a few months for India to create a specialized framework to address the issues concerning the cryptocurrency sector. During the proceedings, the judges expressed doubts about the government's capability to handle intricate cryptocurrency cases effectively using its existing law enforcement setup. They highlighted the absence of specific laws and a dedicated national agency to handle such cases, which raised concerns about the lack of proper understanding and investigation. The judges stressed Read more about Is the Indian Government Unprepared to Tackle Complex Cryptocurrency Issues? #Cryptomarket, #Cryptonewstoday, #India, #Regulations, #Scam

The Supreme Court of India has instructed the Union government to disclose its strategy for dealing with crypto-related crimes in the country. Local reports indicate that the court expressed disappointment over the absence of a federal agency or law dedicated to investigating cryptocurrency cases. Industry experts believe that it may take a few months for India to create a specialized framework to address the issues concerning the cryptocurrency sector. During the proceedings, the judges expressed doubts about the government's capability to handle intricate cryptocurrency cases effectively using its existing law enforcement setup. They highlighted the absence of specific laws and a dedicated national agency to handle such cases, which raised concerns about the lack of proper understanding and investigation. The judges stressed Read more about Is the Indian Government Unprepared to Tackle Complex Cryptocurrency Issues? #Cryptomarket, #Cryptonewstoday, #India, #Regulations, #Scam

Recently, representatives from Saudi Arabia's Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) held a meeting with the aim of enhancing cooperation and integration in financial services. The meeting, which took place on July 27, sought to strengthen the existing partnership between the two regions and improve their respective financial systems. During the meeting, the focus was placed on reaching agreements related to tokenization and payment infrastructure. SAMA and HKMA discussed four key areas of interest, namely financial infrastructure development, open market operations, market connectivity, and sustainable development. Additionally, they explored the use of supervisory technologies like artificial intelligence, machine learning, tokenization, and payment infrastructure. To solidify their commitment to Read more about Financial Authorities of Saudi Arabia and Hong Kong Forge Partnership to Explore Fintech and Tokenization #Adoption, #Blockchain, #Cryptocurrency

Recently, representatives from Saudi Arabia's Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) held a meeting with the aim of enhancing cooperation and integration in financial services. The meeting, which took place on July 27, sought to strengthen the existing partnership between the two regions and improve their respective financial systems. During the meeting, the focus was placed on reaching agreements related to tokenization and payment infrastructure. SAMA and HKMA discussed four key areas of interest, namely financial infrastructure development, open market operations, market connectivity, and sustainable development. Additionally, they explored the use of supervisory technologies like artificial intelligence, machine learning, tokenization, and payment infrastructure. To solidify their commitment to Read more about Financial Authorities of Saudi Arabia and Hong Kong Forge Partnership to Explore Fintech and Tokenization #Adoption, #Blockchain, #Cryptocurrency

Recently, representatives from Saudi Arabia's Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) held a meeting with the aim of enhancing cooperation and integration in financial services. The meeting, which took place on July 27, sought to strengthen the existing partnership between the two regions and improve their respective financial systems. During the meeting, the focus was placed on reaching agreements related to tokenization and payment infrastructure. SAMA and HKMA discussed four key areas of interest, namely financial infrastructure development, open market operations, market connectivity, and sustainable development. Additionally, they explored the use of supervisory technologies like artificial intelligence, machine learning, tokenization, and payment infrastructure. To solidify their commitment to Read more about Financial Authorities of Saudi Arabia and Hong Kong Forge Partnership to Explore Fintech and Tokenization #Adoption, #Blockchain, #Cryptocurrency

Recently, representatives from Saudi Arabia's Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) held a meeting with the aim of enhancing cooperation and integration in financial services. The meeting, which took place on July 27, sought to strengthen the existing partnership between the two regions and improve their respective financial systems. During the meeting, the focus was placed on reaching agreements related to tokenization and payment infrastructure. SAMA and HKMA discussed four key areas of interest, namely financial infrastructure development, open market operations, market connectivity, and sustainable development. Additionally, they explored the use of supervisory technologies like artificial intelligence, machine learning, tokenization, and payment infrastructure. To solidify their commitment to Read more about Financial Authorities of Saudi Arabia and Hong Kong Forge Partnership to Explore Fintech and Tokenization #Adoption, #Blockchain, #Cryptocurrency

Recently, representatives from Saudi Arabia's Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) held a meeting with the aim of enhancing cooperation and integration in financial services. The meeting, which took place on July 27, sought to strengthen the existing partnership between the two regions and improve their respective financial systems. During the meeting, the focus was placed on reaching agreements related to tokenization and payment infrastructure. SAMA and HKMA discussed four key areas of interest, namely financial infrastructure development, open market operations, market connectivity, and sustainable development. Additionally, they explored the use of supervisory technologies like artificial intelligence, machine learning, tokenization, and payment infrastructure. To solidify their commitment to Read more about Financial Authorities of Saudi Arabia and Hong Kong Forge Partnership to Explore Fintech and Tokenization #Adoption, #Blockchain, #Cryptocurrency

United States prosecutors have indicated their intention to dismiss a charge against Sam Bankman-Fried, co-founder of FTX. The charge alleged that he was involved in a conspiracy to make illegal campaign contributions. U.S. Attorney Damian Williams conveyed in a letter to District Court Judge Lewis Kaplan on July 26 that The Bahamas, where Bankman-Fried is located, declined to extradite him on this particular charge. As a result, the prosecutors have decided not to proceed with the charge. "The Bahamas did not intend to extradite the defendant on the campaign contributions count," Williams wrote in the letter. "In keeping with its treaty obligations to The Bahamas, the Government does not intend to proceed to trial on the campaign contributions count." The government has separated the charge, along with other charges, into a Read more about Sam Bankman-Fried to have campaign donation charge dropped #Cryptomarket, #Cryptonewstoday, #Ethereum, #Regulations, #SamBankma

Miami Heat all-star Jimmy Butler has requested to be excluded from a class-action lawsuit against Binance, asserting that his promotional tweets did not endorse the securities in question. His legal team has presented three promotional tweets from February 2 to 13, 2022, arguing that these tweets did not mention the alleged unregistered securities. Butler's legal representatives argue that his tweets were not meant to promote any specific investment; instead, they were intended to be cautionary, encouraging potential Binance customers to conduct thorough research before making any crypto investments. This aspect is crucial to Butler's defense, differentiating his communications from typical celebrity endorsements. His association with Binance started in 2022 when he, as an NBA All-Star player with the Miami Heat, participated in Read more about NBA All-Star Jimmy Butler seeks dismissal from Binance lawsuit #Adoption, #Binance, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #

According to an official update released on July 26, there was a cyber attack on CoinsPaid, a crypto payment provider based in Estonia, resulting in a loss of $37.3 million on July 22. The company has attributed the hack to the Lazarus Group, a notorious hacker organization with a history of targeting prominent companies. This group is believed to have ties to North Korea and has been involved in hacking and stealing from various crypto firms and bridges, including CoinCheck and Ronin. In response to the breach, CoinsPaid acted swiftly to reinforce its security systems to prevent further damage, ensuring that customer funds remain secure. Nonetheless, the incident has affected their financial situation due to the loss of funds. CoinsPaid is currently conducting an investigation into the hack using advanced crypto analytics tools. Read more about CoinsPaid Loses $37.3 Million in Hacking Incident #Adoption, #CoinsPaid, #Cryptocurrency, #Cryptomarket, #News, #Regulations

Addressing the surge in crypto-related crimes, the UK's National Crime Agency (NCA) is actively seeking to hire Digital Assets Cryptocurrency Financial Investigations Managers. These specialized investigators will play a crucial role in combatting crypto crimes and protecting residents from falling victim to various schemes involving cryptocurrencies. The NCA's Investigations Directorate takes an intelligence-led approach, targeting criminal activities that extend beyond the jurisdiction of other law enforcement agencies. Their primary focus is on safeguarding the public and ensuring national security by tackling serious and organized crimes. Working in close collaboration with the broader law enforcement community, the appointed investigators will be responsible for dismantling organized crypto crime groups that exploit Read more about UK National Crime Agency Ramps Up Efforts to Combat Rising Crypto Crimes #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #NCA, #News, #Regula

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious12:153 pointsDeposit Facility Rate (Jul)3.75%3.50%12:152 pointsECB Marginal Lending Facility---------4.25%12:152 pointsECB Monetary Policy Statement------------------12:153 pointsECB Interest Rate Decision (Jul)4.25%4.00%12:303 pointsCore Durable Goods Orders (MoM) (Jun)0.1%0.6%12:302 pointsDurable Goods Orders (MoM) (Jun)0.7%1.7%12:303 pointsGDP (QoQ) (Q2)1.7%2.0%12:302 pointsGDP Price Index (QoQ) (Q2)3.0%4.1%12:302 pointsGoods Trade Balance (Jun)-91.80B-91.13B12:303 pointsInitial Jobless Claims235K228K12:302 pointsRetail Inventories Ex Auto (Jun)----------0.1%12:453 pointsECB Press Conference------------------14:003 pointsPending Home Sales (MoM) (Jun)-0.6%-2.7%14:152 pointsECB President Lagarde Speaks------------------17:002 points7-Year Note Auction---------3.839%20:302 Read more about Upcoming economic events 27 July 2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

According to Timothy Massad, the former Chairman of the Commodity Futures Trading Commission (CFTC), the US government should no longer overlook stablecoins, as they hold the potential to improve the domestic payment system. He suggests that taking steps to regulate these financial products could be beneficial, just as other countries like the United Kingdom have already done by implementing comprehensive regulations. During a recent interview with CNBC, Timothy Massad emphasized that the American authorities are making an error by excluding stablecoins from their regulatory oversight. Instead, he believes they should be closely monitored and brought under the regulatory umbrella. Massad sees stablecoins as potentially valuable in introducing healthy competition, provided that the government takes measures to address the risks Read more about Stablecoins: A Potential Boost for the US and Global Economies #Cryptonewstoday, #India, #Stablecoin, #USA

A Tennessee couple, Michael and Amanda Griffis, have been accused of running a deceptive investment scheme called "Blessings of God Thru Crypto." The alleged scam managed to swindle over $6 million from more than 100 victims in just half a year. According to a complaint filed by the Commodity Futures Trading Commission (CFTC) on July 24, the Griffises utilized their connections from their real estate business to persuade people to invest their savings into a massive investment pool between July 2022 and January 2023. The victims included individuals such as mortgage brokers and former customers of their real estate ventures. “Despite having no trading or other relevant experience, the defendants successfully convinced over 100 people to send them over $6 million to participate in a commodity pool called ‘Blessings of God Thru Cry Read more about New Crypto Scam Unveiled: "Blessings of God Thru Crypto" #Cryptomarket, #Cryptonewstoday, #Regulations, #Scam