SEC files complaint against HEX founder for allegedly offering unregistered securities

The United States Securities and Exchange (SEC) has filed a lawsuit against Richard Schueler, better known in the crypto space as Richard Heart, for alleged unregistered offerings of three tokens.  In a July 31 filing in U.S. District Court for the Eastern District of New York, the SEC claimed Heart had raised more than $1 […]

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Cryptocurrency Hacks and Exploits Cost Traders $303M in July in Worst Month of 2023

Of the $303 million this month, investors lost about $285 million in exploit attempts and hacks including the Multichain and Curve attacks, per CertiK’s data. Roughly $8.7 million of assets were drained abusing flash loans. This is a sophisticated exploit venue that lets traders borrow unsecured funds using smart contracts instead of third parties. These […]

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Cardano (ADA) boost as Mithril goes live on mainnet

Cardano’s network will benefit from more efficiency and fast bootstrap after Mithril went live on mainnet. ADA price was flat, but could benefit from new bullish momentum across the market. Cardano has achieved another milestone with the mainnet launch of the highly anticipated Mithril upgrade. On July 30, an announcement by Cardano stake pool operator […]

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Binance secures the first operational MVP license in Dubai

Binance announced on Monday it had received the Operational Minimum Viable Product (MVP) license issued by Dubai’s Virtual Assets Regulatory Authority (VARA). The exchange secured the landmark license via its subsidiary Binance FZE. Binance will now offer cryptocurrency exchange services to qualified institutional and retail customers. Binance has become the first cryptocurrency exchange to secure […]

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CEX price feed prevents Curve price from collapsing amid $100M vulnerability

Several Curve Finance liquidity pools were attacked on July 30 due to a vulnerability found in the Vyper programming language. Vyper is a contract programming language created for the Ethereum Virtual Machine (EVM). Curve Finance is one of the key decentralized finance (DeFi) protocols due to its key liquidity services, and the code vulnerability has put […]

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BNB/USD forms a possible bearish flag pattern. The US dollar strength is not responsible for the BNB/USD bearishness.

BNB/USD forms a possible bearish flag pattern The US dollar strength is not responsible for the BNB/USD bearishness $200 provides support for now Bitcoin rallied in 2023 and holds onto its gains. Most other major cryptocurrencies did so too, but some exceptions exist.  One is Binance Coin (BNB).  Sure enough, it rallied at the start […]

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Binance to offer crypto broker-dealer services in Dubai with new license

Major cryptocurrency exchange Binance has reached another milestone in relationships with regulators in the United Arab Emirates by winning a new license in Dubai. Binance’s Dubai-based subsidiary, Binance FZE, has obtained the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), the firm announced on July 31. The new license officially […]

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Coinbase CEO says SEC told it to delist everything but Bitcoin: Report

Crypto exchange Coinbase was once told by the United State securities regulator to delist all cryptocurrencies on its platform except for Bitcoin (BTC), according to CEO Brian Armstrong. In a July 31 interview with the Financial Times, Armstrong revealed that the U.S. Securities and Exchange Commission wanted the exchange to delist the nearly 250 tokens […]

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BNB Smart Chain hit with copycat Vyper attack, $73K exploited

The BNB Smart Chain (BSC) has reportedly suffered copycat attacks due to a vulnerability in the Vyper programming language, following a similar vein to the exploit on the decentralized finance (DeFi) protocol Curve Finance. Amid the exploits carried out on Ethereum, Blockchain security firm BlockSec tweeted on July 30 that around $73,000 worth of cryptocurrencies […]

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