Cryptocurrency Analysis and News Portal
The key to gaining financial security and independence is to invest in passive income. Passive income is generated through investments that offer a consistent source of income with little continuing involvement, in contrast to active income, which necessitates constant effort and time. Passive income is especially valuable because it enables
Read More
“Despite market volatility, a fall in digital asset prices and the collapse of a number of crypto businesses, investment in crypto-assets is expected to remain strong in 2023," Jon Garvey, PwC United States' global financial services leader, said. "Traditional hedge funds, committed to the market in the longer term, are
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Blockchain developer Pedro Magalhães claims that he has successfully reverse-engineered the source code of Brazil’s pilot central bank digital currency (CBDC). He revealed the existence of functions that empower a central authority to freeze funds or
Read More
A blockchain developer who claims to have reverse-engineered the source code of Brazil’s pilot central bank digital currency has discovered functions in the code that would allow a central authority to freeze funds or reduce balances. He has since argued, however, that there could be situations that such functions could be
Read More
The Arcadia Finance attacker used a reentrancy exploit to drain $455,000 from the decentralized finance (DeFi) protocol, according to a July 10 post-mortem report issued by the app’s development team. A “reentrancy exploit” is a bug that allows an attacker to “re-enter” a contract or interrupt it during a multi-step
Read More
The Canadian Securities Administrators (CSA) — Canada’s chief financial authority — has confirmed its trust in the regulated futures market for crypto, which “promotes greater price discovery.” Apart from the United States, the Canadian market hosts several crypto exchange-traded funds (ETFs). On July 6, the CSA issued guidance to help fund
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Singaporean authorities have drafted plans to make it mandatory for crypto exchanges to store their customers’ funds in a trust. The legislation will take effect before the end of the year. MAS ups its investor protection push As
Read More
Dollar-pegged stablecoin TrueUSD (TUSD) is trading at a discount relative to peer tether (USDT) on Binance.US, the U.S. subsidiary of Binance. At press time, the TUSD/USDT pair traded at 89 cents on Binance.US, having hit a low of 80 cents on Wednesday, data from charting platform TradingView show. On Binance,
Read More
However, TUSD issuer previously said that it had “no exposure” to the imploded crypto custodian Prime Trust, which acted as the stablecoin’s banking partner in the U.S. The issuer tweeted it paused minting tokens via Prime Trust on June 10, adding that “minting and redemptions services remain unaffected” through other
Read More
The latest price moves in bitcoin (BTC) and crypto markets in context for June 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
Read More