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Research has found that Terra Labs had close to $3.6 billion in USDT and UST that may have been used for price manipulation or money laundering in centralized and decentralized finance (DeFi) exchanges, according to a CoinDesk Korea article published on June 28.
More info: https://bit.ly/3ypjANy
Cardano has shown the highest development activity in the industry, leaving behind such projects as Kusama and Polkadot, with over 350 commits made in the last month. Other notable projects at the top are Ethereum and Solana, with more than 270 commits.
More info: https://bit.ly/3I0sSCJ
Morocco is joining the list of countries aiming to formally control the crypto sector by reportedly working on a final regulatory framework to guide the market.
More info: https://bit.ly/3HZeB9B
In June 2022, the total mining revenue dipped below the $20 million range, with Blockchain .com data recording the lowest dip of $14.401 million on June 17.
More info: https://bit.ly/3yrZtyw
Crypto .com has recently announced about integrating Apple Pay into its application and website. Apple does not support the crypto payment directly but users of Crypto .com shall be given an option to make the in-app purchases.
More info: https://bit.ly/3xWGwSZ
Google Trends confirms that more people activity for phrases such as “Bitcoin is dead” has spiked, this noted by social media users as a possible sign that the market is in a “capitulation” phase.
More info: https://bit.ly/3HSjzVF
TIME Magazine has continued its foray into the cryptocurrency and NFT world by partnering with blockchain-based gaming company The Sandbox to build TIME Square in the metaverse.
More info: https://bit.ly/3QN5AV9
The Swiss luxury watchmaker – Hublot – allowed its customers to buy certain limited products in cryptocurrencies by partnering with the bitcoin payment service provider – BitPay.
More info: https://bit.ly/3HQFgFs
The team behind Convex Finance, a protocol built on top of the Curve DEX liquidity pool, said Thursday that its website DNS was hijacked.
The disclosure came hours after warnings first emerged on social media. The intent of the hijacking was to try and lure targets into approving malicious smart contracts. The Convex team said "[f]unds on verified contracts are unaffected."
More info: https://bit.ly/3QPxpfE
Russian authorities are accelerating cryptocurrency regulation with the introduction of a new bill seeking to govern the issuance of cryptocurrencies.
According to the bill by Anatoly Aksakov, if adopted into law, individuals will be fined up to 5,000 Russian rubles ( $90) and 30,000 ($550) for officials. Legal entities will part with a fine of between 700,000 and 1,000,000 rubles.
More info: https://bit.ly/3QHzA4G
Ronin, an Ethereum-linked sidechain that hosts the Axie Infinity play-to-earn game, plans to reopen its bridge next week, three months after it suffered a $600 million exploit.
More info: https://bit.ly/3xRUtBx
The Horizon Bridge to the Harmony layer-1 blockchain has been exploited for $100 million in altcoins which are being swapped for Ether (ETH).
More info: https://bit.ly/3xUtwgq
Football superstar Cristiano Ronaldo has signed an exclusive multi-year nonfungible token (NFT) partnership with crypto exchange Binance. The collaboration aims to introduce soccer fans to the Web3 ecosystem through global NFT campaigns. Binance noted that the agreement involves creating a series of NFT collections with Ronaldo.
More info: https://bit.ly/3QKqPXJ
eBay announced that it had acquired a NFT marketplace called KnownOrigin marking its largest move into the digital collectibles space.
More info: https://bit.ly/3xKGMEE
The Ethereum (ETH) network upgrade will take place at the Ethereum block height of 15,050,000, or approximately at 2022-06-29 10:43 (UTC). Deposits and withdrawals of ETH and ERC-20 tokens will be suspended starting from 2022-06-29 09:43 (UTC).
More info: https://bit.ly/3ya2oeW
For a while, it seemed like a no-brainer that the US Securities and Exchange Commission had the upper hand in the legal battle. But the scenario changed in recent months as Ripple cinched a series of procedural wins. Following the shake-up, legal experts believe the upcoming rulings will clear the uncertainty over the nature of XRP.
More info: https://bit.ly/3QEUgKG
Citi made the announcement that it has chosen METACO as the partner to develop and trial digital asset custody capabilities.
Through this agreement, METACO’s technology and digital solutions will be combined with Citi’s extensive custody network in order to establish a platform that will allow customers to hold and settle digital assets such as Bitcoin (BTC).
More info: https://bit.ly/3NcUvJR
The bill “No. 802”, which was sponsored by Louisiana State Representative Mark Wright and supported by the Pelican Center for Technology and Innovation and its director Eric Peterson who shared the news as well, states that its enactment would:
“Allow financial institutions and trust companies to serve as custodians of digital assets; to provide for parameters and procedures; and to provide for related matters.”
More info: https://bit.ly/3QGzn1N