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South Africa’s Foreign Minister Naledi Pandor hints at BRICS expansion in August. The BRICS summit will be held in Johannesburg and the bloc of five nations will jointly decide on the expansion. A total of 44 countries have expressed interest to join the BRICS bloc a month ahead of the summit. While 22 countries have formally sent their applications, the other 22 nations have expressed interest verbally. Also Read: 74 Countries Ready To Attend BRICS Summit In August Out of the 44 countries, only three nations might be inducted into the BRICS alliance, according to Pandor. The announcement regarding the induction could be made during the next summit in August. BRICS is an acronym for Brazil, Russia, India, China, and South Africa. Russia’s Vladimir Putin will attend the summit virtually in fear of being arrested for war crimes against Ukraine. 3 New Countries Ready To Join BRICS Alliance In August Summit Source: newsus.cgtn.com Pandor indicated that three new countr...

A vulnerability in the Vyper programming language widely used by DeFi protocols like Curve Finance led to exploit of multiple Curve liquidity pools on Sunday. Several Curve Finance liquidity pools were attacked on July 30 due to a vulnerability found in the programming language Vyper. Vyper is a contract programming language created for the Ethereum Virtual Machine (EVM).   Curve Finance is one of the key decentralized finance (DeFi) protocol due to the key liquidity services it offers, thus the code vulnerability has put nearly $100 million worth of digital assets at risk. The vulnerability was found in the version 0.2.15, 0.2.16 and 0.3.0 leading to a malfunctioning reentrancy lock. As a result, millions were drained from four Curve pools namely aETH/ETH, msETH/ETH, pETH/ETH and CRV/ETH. The flaw in three of its variants may have an effect on a number of other protocols. Please note that this reentrancy issue is associated with the use of 'use_eth', which could potentiall...

Jul 30, 2023 at 09:00 // Price Author Coin Idol Cryptocurrencies are falling now that they have reached the superior resistance levels. Cryptocurrencies have broken below the moving average lines, which means cryptocurrencies will continue to fall.  Injective Since April 16, the price of Injective (INJ) has been moving sideways. The crypto asset was on the rise in March and April. The altcoin rose to a high of $9.69 before plummeting. The positive momentum could not be sustained as the altcoin approached the overbought zone. The bulls retested the $...

Investors reported they lost up to $2.2 million when the developer of Pond0x allegedly mishandled the token’s launch. The launch of memecoin Pond0x (PNDX) has led to millions of dollars in losses for investors, according to multiple reports on social media on July 28. Data from the Maestrobots trading app shows that the token reached a price of $0.36 before collapsing to near zero in a span of five minutes. Maestrobots chart of PNDX/USD during its launch. Source: Maestrobots. The launch of Pond0x was announced on July 28 by pseudonymous Not Larva Labs founder “Pauly,” who is known only by his X username. Not Larva Labs is the developer of an NFT trading app for CryptoPunks and for a separate parody collection called “CryptoPhunks.” It is not associated with Larva Labs, the creators of CryptoPunks. In the announcement, Pauly listed the contract address for PNDX and the URL for its official web app. Welcome To Pond0x https://t.co/iSiwpRDrix • $PNDX Contract: 0x1d4214081985ad20aa3ca93a...

Crypto fund manager Grayscale urges SEC to approve all proposed spot Bitcoin ETFs simultaneously , emphasizing fairness and impartiality in the regulation process. Chief Legal Officer at Grayscale, Craig Salm, shared a blog post on July 27. He emphasized that the SEC, a disclosure-based regulator, should refrain from picking winners and losers among ETF applicants. The Grayscale Bitcoin Trust (GBTC), which manages assets worth over $18 billion, offers investors exposure to the pioneer cryptocurrency. The firm has been contesting the SEC’s repeated denials to convert its flagship Bitcoin (BTC) fund into an ETF. A spot Bitcoin ETF would enable institutional investors to gain exposure to Bitcoin without the need to hold the digital asset directly. Such approval is considered pivotal within the cryptocurrency community, potentially leading to broader Bitcoin adoption and legitimizing crypto as a recognized asset class. You might also like: Grayscale launches Funds Trust, ...

Also Read: XRP Perpetual Futures Volume Data Signal Massive Price Rally Above $1: Kaiko advertisement On Thursday, Re public an leader McHenry announced a no deal on stablecoins , saying he was disappointed with the Democrats’ resistance to negotiations. Patrick McHenry Blames Democrats’ For Halt In Stablecoin Bill According to Brendan Pedersen on Twitter, ruckus prevailed in the House Financial Services Committee over the lack of enough votes. In her initial remarks, Waters pressed for a question of consideration and a recorded vote on the subject. McHenry blamed the lack of consensus over important provisions for the no deal. “We were closer than we have ever been. A few small but nonetheless important provisions stood between us and a deal, and it was a White House’s unwillingness to compromise that has once again brought that negotiation to a halt.” Recommended Articles ...

The United States Congress is set to vote on five bills related to the regulation of the crypto industry. The bills cover various aspects including stablecoins, blockchain regulation, self-custody, and privacy. If approved, the crypto bills will move on to the House floor for members to cast their votes. The United States Congress is set to vote on five bills this week that will dictate the regulation of the country’s crypto industry. Crypto experts have underscored the importance of the bills, which cover various elements of the crypto industry including blockchain regulation, self-custody, privacy, and stablecoins. 1) This week in Congress and crypto: This is the week. Nearly 5 years after a various group of bipartisan lawmakers got together to work on a regulatory framework for crypto, we are now at the cusp of Congress moving various crypto regulatory bills. Here's what's on deck: — Ron Hammond (@RonwHammond) July 25, 2023 Ron Hammond, ...

What’s behind Venom’s growth? Venom’s objective to promote widespread usage of blockchain technology while maintaining regulatory compliance is the major factor supporting the company’s rapid expansion. The Venom Foundation offers scalable blockchain solutions that deliver performance and security for use in real-world applications. The company has taken the lead in the sector because of its constant dedication to research and development, transparency, and strategic alliances. advertisement Venom has been advancing since its public testnet launch by bringing dApps to its growing ecosystem. It led the users and developers to test immediately, giving the users the opportunity to experience dApps directly on the Venom blockchain while allowing the developers to test and debug them. The reason behind Venom’s phenomenal growth is not only its innovative technology; the credit also goes to the rigorous regulatory compliance along with the ...

Following its recent launch, Worldcoin (WLD), a crypto project co-founded by OpenAI’s CEO Sam Altman, could be facing inquiries from the UK’s data regulator .  The Information Commissioner’s Office (ICO), a body that focuses on data protection in the United Kingdom, revealed that it is planning to look into the Worldcoin project, according to a Reuters report from July 25.  You might also like: Crypto Twitter marks Worldcoin as ‘evil’ project Worldcoin, which went live on Monday, July 24, has faced criticisms mainly due to its iris-scanning feature. The project offers WLD coins to individuals who scan their irises. As stated on its website, the new orbs will be available in over 35 cities across more than 20 countries, with London among one such city.  “We note the launch of WorldCoin in the UK and will be making further enquiries,” the Information Commissioner’s Office said. Meanwhile, Worldcoin’s native token WLD, whi...

Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations. The previous chairman of the United States Commodity Futures Trading Commission (CFTC), Timothy Massad, highlighted the importance of government attention being paid to the stablecoin ecosystem in an interview with CNBC.  On July 24, Massad told the CNBC interviewer that he sees stablecoins as a bridge between “the crypto world and the real world ” and that governments should not view them as a fad fated to disappear. The ex-chairman said he is “concerned” that the risks of stablecoins are not being properly addressed by regulators, rather they are kept out of the conversation due to the thought that they don’t actually work. “I’m sympathetic to a lot of people in the government saying ... we’re not convinced of the use case here, we don’t really see what the value is in the real world," he said. "But someti...

Join Our Telegram channel to stay up to date on breaking news coverage Will Elon Musk’s plan to transform Twitter into a superapp like China’s WeChat open opportunities for cryptocurrencies to be used as a payment method on his newly branded X platform? That’s the most intriguing question for the crypto industry after Musk rebranded Twitter as X today. Prior to his dramatic takeover of Twitter in October 2022 for $44 billion, Musk had expressed his intention to expedite the realization of his ambitious “everything app” known as “X.” Today he said that if it was done right, the creation of an X app built off Twitter that that includes Features from payments to shopping could potentially become half of the global financial system. Rebranding Twitter to X has reinforced the billionaires’ long-held commitment to an “everything” superapp similar to China’s WeChat, India’s PayTM and Indonesia’s GoJ...

Founders Alex Blania and Sam Altman launched Worldcoin and took to Twitter to reach out to their followers, investors, and communities. advertisement Binance Lists Worldcoin (WLD) According to an official announcement on July 24, Binance revealed Worldcoin (WLD) listing. Users can start trading Worldcoin in spot trading pairs WLD/BTC and WLD/USDT today at 09:00 UTC. Deposits for WLD already opened and users can deposit the token on the crypto exchange. Also, withdrawals for WLD is tentatively set to open on July 25 at 09:00 UTC. Worldcoin listing fee is 0 BNB. In addition, Binance will add WLD token as a new borrowable asset with WLD/USDT margin pair on Isolated Margin. It will open within 48 hours from 09:00 UTC on July 24 : Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Join Our Telegram channel to stay up to date on breaking news coverage In a bid to widen new “prospects for blockchain” TRON has launched a new non-fungible token known as TRC-721. The project was officially announced back on December 24, as the blockchain-based firm stated that the idea is to help implement different distributed ledger technology (DLT) or blockchain-based apps. The announcement stated that each of the NFT has safe links, rich metadata, owner ID, and other identifying information recorded in its smart contract. “It is this information that makes each NFT unique and unexchangeable,” the announcement noted further. An improved version of the TRC-20 token With the standard interface, apps are now capable of tracking and transferring NFTs on TRON. Presently, the TRC-20 token is not tough enough to deal with NFTs because of the uniqueness of each token in TRC-721. But TRON has state that the TRC-721 will play a massive role when representing the TRC-20 token. The...

The U.S. Department of Justice (DOJ) promises to significantly increase the pool of available prosecutors to probe into illicit activities tied to cryptocurrencies. Department of Justice representative Nicole Argentieri announced that the National Cryptocurrency Enforcement Team (NCET) would be integrated as a constant entity within a department division that deals with an array of digital-related inquiries. Leadership within the team is set for a shakeup. Claudia Quiroz steps into the role of interim director following the exit of the current head, Eun Young Choi, as stated by Argentieri. Choi is set to transition into a fresh role within the DOJ, confirmed a representative from the department. In a discussion held in Washington, D.C. by the Center for Strategic and International Studies, Argentieri mentioned that it was time to elevate NCET’s status. Incorporating it within the Computer Crime and Intellectual Property Section (CCIPS) would provide the necessary resources and...