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ARC Stake - MultiversX Staking Partner Web: https://arcstake.com Twitter: https://twitter.com/arcstake
👀 We listened with great interest to @beniaminmincu's talk with @oak_fr about decentralization, the @MultiversX concept, the ethos of the community and the wide openness of the ecosystem to emerging technologies such as AI and Metaverse. We highly recommend it!
https://bit.ly/3NfJbyA
❓ 𝐃𝐢𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐡𝐚𝐭... A̲l̲t̲a̲i̲r̲ ̲r̲e̲l̲e̲a̲s̲e̲ ̲f̲e̲a̲t̲u̲r̲e̲s̲ ̲t̲h̲e̲ ̲i̲m̲m̲i̲n̲e̲n̲t̲ ̲M̲u̲l̲t̲i̲v̲e̲r̲s̲X̲ ̲m̲a̲i̲n̲n̲e̲t̲ ̲m̲i̲l̲e̲s̲t̲o̲n̲e̲,̲ ̲t̲a̲r̲g̲e̲t̲i̲n̲g̲ ̲g̲u̲a̲r̲d̲e̲d̲ ̲a̲c̲c̲o̲u̲n̲t̲s̲,̲ ̲o̲n̲-̲c̲h̲a̲i̲n̲ ̲2̲F̲A̲ ̲f̲o̲r̲ ̲e̲n̲h̲a̲n̲c̲e̲d̲ ̲s̲e̲c̲u̲r̲i̲t̲y̲,̲ ̲a̲n̲d̲ ̲s̲e̲v̲e̲r̲a̲l̲ ̲o̲t̲h̲e̲r̲ ̲i̲m̲p̲r̲o̲v̲e̲m̲e̲n̲t̲s̲ ̲a̲n̲d̲ ̲f̲i̲x̲e̲s̲? 💡
The feature will enable the protocol to accept and process transactions that are double signed: a signature generated by the user who enabled the feature and a signature of a third-party entity that was authorized by the user. This third-party entity can be a service that will generate a signature after validating a 2FA code, for example. Single-signed transactions will still work for the accounts that did not opt-in for this feature.
𝐋𝐀💲𝐓 𝐖𝐄𝐄𝐊 𝐈𝐍 𝐂𝐑𝐘𝐏𝐓𝐎
🔐 𝐇𝐨𝐰 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐬𝐞𝐜𝐮𝐫𝐞 𝐩𝐫𝐨𝐨𝐟-𝐨𝐟-𝐬𝐭𝐚𝐤𝐞 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐩𝐫𝐨𝐭𝐨𝐜𝐨𝐥𝐬
The Bitcoin network’s proof-of-work consensus mechanism could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols, thanks to efforts from a Stanford University professor. David Tse outlined how Babylon uses the Bitcoin scripting language to connect a PoS-based slashing mechanism to the Bitcoin network. This allows for the creation of smart contracts that can set specific spending conditions. Tse said that Babylon’s BTC staking protocol enables BTC to secure PoS chains without altering or forking the Bitcoin blockchain. This also allows BTC holders to earn rewards for contributing to the security of PoS networks by staking their BTC.
👎 𝐅𝐞𝐚𝐫 𝐨𝐟 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐰𝐢𝐥𝐥 𝐡𝐚𝐯𝐞 ‘𝐝𝐢𝐬𝐚𝐬𝐭𝐫𝐨𝐮𝐬 𝐜𝐨𝐧𝐬𝐞𝐪𝐮𝐞𝐧𝐜𝐞𝐬’ (𝐀𝐯𝐚 𝐋𝐚𝐛𝐬 𝐂𝐄𝐎 𝐭𝐞𝐬𝐭𝐢𝐦𝐨𝐧𝐲)
Emin Gün Sirer says the United States “won the first wave of the internet revolution” because it enabled responsible innovation. Now, it must do the same with blockchain: “Failure to see the power of blockchain technology — whether due to a lack of understanding or misplaced fears of the technology — will have disastrous consequences.”
🚨 𝐍𝐨𝐫𝐭𝐡 𝐊𝐨𝐫𝐞𝐚𝐧 𝐡𝐚𝐜𝐤𝐞𝐫𝐬 𝐬𝐰𝐢𝐩𝐞 𝐨𝐯𝐞𝐫 $𝟏𝟎𝟎𝐌 𝐟𝐫𝐨𝐦 𝐀𝐭𝐨𝐦𝐢𝐜 𝐖𝐚𝐥𝐥𝐞𝐭 𝐮𝐬𝐞𝐫𝐬
According to Elliptic, a blockchain analysis company, an estimated 5,500 crypto wallets have been affected by the attack. The losses from the Atomic Wallet heist have now skyrocketed to over $100 million. Despite the magnitude of the incident, Atomic Wallet has yet to provide any explanation regarding the root cause of these substantial losses. ⚖ 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐚𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐟𝐢𝐫𝐦 𝐂𝐡𝐚𝐢𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐮𝐫𝐠𝐞𝐬 𝐜𝐫𝐲𝐩𝐭𝐨 𝐟𝐢𝐫𝐦𝐬 𝐭𝐨 𝐬𝐭𝐚𝐫𝐭 𝐌𝐢𝐂𝐀 𝐩𝐫𝐞𝐩𝐚𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐧𝐨𝐰
The past weeks saw the forthcoming Markets in Crypto Assets (MiCA) regulation formally published in the EU's official journal, marking a significant milestone for regulation in the crypto space. Consequently, Chainanalysis’ head of policy for Europe has urged cryptocurrency companies to start preparing for it as soon as possible. Crypto companies might have to introduce significant changes to their business models to be fully compliant, which will take time and planning. The regulation is about to become law in only a few weeks — specifically on June 29th. The first rules will only come into effect on the same date next year, in 2024.
💣 𝐁𝐢𝐥𝐥𝐢𝐨𝐧𝐚𝐢𝐫𝐞 𝐌𝐚𝐫𝐤 𝐂𝐮𝐛𝐚𝐧 𝐜𝐫𝐢𝐭𝐢𝐜𝐢𝐳𝐞𝐬 𝐒𝐄𝐂 𝐟𝐨𝐫 𝐭𝐡𝐫𝐨𝐰𝐢𝐧𝐠 𝐜𝐫𝐲𝐩𝐭𝐨 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬 '𝐮𝐧𝐝𝐞𝐫 𝐭𝐡𝐞 𝐛𝐮𝐬'
Billionaire tech investor and Shark Tank star Mark Cuban called out the U.S. Securities and Exchange Commission (SEC) earlier this week for throwing crypto startups “under the bus” with its approach to regulating the blockchain industry.
🤝 𝐒𝐄𝐂 𝐚𝐧𝐝 𝐁𝐢𝐧𝐚𝐧𝐜𝐞.𝐔𝐒 𝐬𝐭𝐫𝐢𝐤𝐞 𝐚 𝐭𝐞𝐦𝐩𝐨𝐫𝐚𝐫𝐲 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐨𝐧 𝐚𝐬𝐬𝐞𝐭 𝐚𝐜𝐜𝐞𝐬𝐬
Proposed measures include restricting Binance officials’ access to private keys and disclosing business expenses. The agreement has emerged as a direct response to a motion filed by the SEC seeking to freeze the entirety of Binance US’s assets during ongoing legal proceedings. The regulatory body expressed apprehension that without a granted temporary restraining order, there might be a risk of funds being transferred offshore or crucial records being deliberately destroyed.
The next EGLD Launchpad is here.
Hatom is ready to meet the most vibrant and engaged community, and scale the MultiversX DeFi ecosystem.
An enhanced xLaunchpad interface, with an updated participation process.
• Research phase: June 21 - 26
• KYC phase & EGLD/XMEX snapshot(s): June 26 - July 12
• Public sale: July 18 - 19
• Lottery results, HTM claim & EGLD reclaim: July 19
https://xlaunchpad.com/
RT: https://twitter.com/MultiversX/status/1669699544886435840
"From high-performance architecture to unprecedented UX, at MultiversX we actually have the entire underlying technology and the app suite to radically change the Web3 game."
Beniamin on the Proof of Talk stage on building a trust infrastructure.
📺 https://youtu.be/ktCJGSKFlQY
RT: https://twitter.com/MultiversX/status/1669292477319114755
Bitcoin and Ethereum, now tradeable on xExchange!
The MultiversX Bridge just enabled them to circulate at internet scale & cost, and amplify DeFi on MultiversX.
Liquidity deposits & Swaps are live. Both tokens added to the fees collector mechanism.
xexchange.com/liquidity
RT: https://twitter.com/xExchangeApp/status/1668615473917988864
𝐋𝐀💲𝐓 𝐖𝐄𝐄𝐊 𝐈𝐍 𝐂𝐑𝐘𝐏𝐓𝐎 ⚖ 𝐓𝐡𝐞 𝐔𝐒 𝐒𝐄𝐂 𝐬𝐮𝐞𝐝 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐂𝐙 𝐥𝐚𝐬𝐭 𝐌𝐨𝐧𝐝𝐚𝐲
The SEC sued Binance and Changpeng Zhao, also known as CZ, last Monday for their “blatant disregard of the federal securities laws,” along with 13 charges, including operating an unregistered exchange. The SEC said Zhao and Binance knew that they were operating the Binance.com platform in violation of various US laws. The SEC said Solana, Cardano, Polygon among others were labeled as securities in the complaint.
🌳 𝐓𝐞𝐭𝐡𝐞𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐬 𝐢𝐧 𝐄𝐥 𝐒𝐚𝐥𝐯𝐚𝐝𝐨𝐫’𝐬 $𝟏𝐁 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐩𝐫𝐨𝐣𝐞𝐜𝐭
Stablecoin issuer Tether has announced that it will be partnering with Bitcoin-friendly nation El Salvador to invest in a planned $1 billion dollar renewable energy initiative. The energy produced will power Bitcoin mining farms in El Salvador, with Tether estimating the park’s computation power surpassing 1.3 exahashes per second. This output would put the cumulative Bitcoin mining hash rate from Volcano Energy in the top 20 pools operating globally.
🏦 𝐉𝐏𝐌𝐨𝐫𝐠𝐚𝐧 𝐮𝐬𝐞𝐬 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐟𝐨𝐫 𝟐𝟒/𝟕 𝐝𝐨𝐥𝐥𝐚𝐫 𝐭𝐫𝐚𝐧𝐬𝐟𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐢𝐚𝐧 𝐛𝐚𝐧𝐤𝐬
The banking giant has partnered with six major Indian banks to introduce a blockchain-based platform enabling interbank settlement of U.S. dollar transactions.
💣 𝐒𝐄𝐂 𝐢𝐬 𝐤𝐢𝐥𝐥𝐢𝐧𝐠 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬
U.S.-based Web3 companies and cryptocurrency exchanges could be pushed offshore following enforcement actions against Coinbase and Binance.US. “I would say the same as Brian Armstrong. It’s killing innovation in the United States. All the companies there are thinking of moving to another country.” (Sergej Kunz, 1inch Network)
🙈 𝐒𝐄𝐂 𝐜𝐡𝐚𝐢𝐫 𝐆𝐚𝐫𝐲 𝐆𝐞𝐧𝐬𝐥𝐞𝐫 𝐭𝐫𝐢𝐞𝐝 𝐭𝐨 𝐥𝐚𝐧𝐝 𝐚 𝐣𝐨𝐛 𝐚𝐭 𝐁𝐢𝐧𝐚𝐧𝐜𝐞, 𝐭𝐡𝐞 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞’𝐬 𝐥𝐚𝐰𝐲𝐞𝐫𝐬 𝐚𝐥𝐥𝐞𝐠𝐞
Before becoming head of the US Securities and Exchange Commission, Gary Gensler offered to serve as an adviser for Binance, according to the crypto exchange, which is now facing heat from the regulator. Gensler had many conversations with Zhao and other Binance staff and talked about the regulatory uncertainty around crypto while offering to serve as an advisor to Binance, their lawyers said. “In March 2019, he also met Mr. Zhao for an in-person lunch meeting in Japan, during which they discussed the BNB token, the prospect of BHL establishing a U.S.-based exchange, and other topics,” the lawyers said.
🚫 𝐂𝐫𝐲𝐩𝐭𝐨.𝐜𝐨𝐦 𝐬𝐮𝐬𝐩𝐞𝐧𝐝𝐬 𝐔𝐒 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐬𝐞𝐫𝐯𝐢𝐜𝐞
Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service starting June 21. The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for the move, which has been exacerbated by testing prevailing market conditions.
👎 𝐑𝐨𝐛𝐢𝐧𝐡𝐨𝐨𝐝 𝐝𝐞𝐥𝐢𝐬𝐭𝐬 𝐂𝐚𝐫𝐝𝐚𝐧𝐨, 𝐏𝐨𝐥𝐲𝐠𝐨𝐧 𝐚𝐧𝐝 𝐒𝐨𝐥𝐚𝐧𝐚 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐒𝐄𝐂 𝐥𝐚𝐛𝐞𝐥𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐚𝐬 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬
Robinhood said it would end support for the three on June 27, and said that investors could still buy, sell, and hold ADA, MATIC and SOL until the deadline. Robinhood said investors don’t have to sell ADA, MATIC and SOL and can send them to another wallet or crypto firm, however any leftover will be automatically sold and credited.
🇨🇳 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠 𝐥𝐞𝐠𝐢𝐬𝐥𝐚𝐭𝐨𝐫 𝐢𝐧𝐯𝐢𝐭𝐞𝐬 𝐂𝐨𝐢𝐧𝐛𝐚𝐬𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐫𝐞𝐠𝐢𝐨𝐧 𝐝𝐞𝐬𝐩𝐢𝐭𝐞 𝐒𝐄𝐂 𝐬𝐜𝐫𝐮𝐭𝐢𝐧𝐲
Touting its progressive stance on cryptocurrencies, a Hong Kong legislator has invited Coinbase and other crypto exchanges to establish operations in the region. Contrary to the cautious stance of several Western countries toward cryptocurrencies, Hong Kong has embraced a proactive approach.
🛠 ⚙️ The weekly @MultiversX tech review has arrived! 🔥
Guardians feature and xLaunchpad are coming soon.
https://vxtwitter.com/SasuRobert/status/1667885362834817026
❓ 𝐃𝐢𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐡𝐚𝐭... t̲h̲r̲o̲u̲g̲h̲ ̲i̲t̲s̲ ̲u̲n̲i̲q̲u̲e̲ ̲p̲r̲o̲p̲e̲r̲t̲i̲e̲s̲,̲ ̲M̲u̲l̲t̲i̲v̲e̲r̲s̲X̲ ̲c̲a̲n̲ ̲s̲e̲r̲v̲e̲ ̲a̲s̲ ̲a̲ ̲t̲r̲u̲t̲h̲ ̲m̲a̲c̲h̲i̲n̲e̲ ̲f̲o̲r̲ ̲t̲h̲e̲ ̲w̲o̲r̲l̲d̲? 💡
It can provide a set of defensive and offensive applications to enable creative and provably secure interactions with strong AI agents, grounded in clear, transparent, and immutable rules. Some of the important use cases enabled through MultiversX technology and products are private digital identity, unforgeable digital property, digital money, autonomous finance, decentralized autonomous organizations, metaverse worlds, and network states. They are not only compatible with strong AI tools enabling automatic and deterministic interactions, but they are also transparent and immutable, hence cryptographically secured, and unforgeable by AI tools.
🔥🔥🔥 @pulsarmoney - experience a novel layer of sophistication in payments!
#MultiversX #coolpayments
https://vxtwitter.com/pulsarmoney/status/1664995414758633472
⚛️ 𝐀𝐭𝐨𝐦𝐢𝐜 𝐖𝐚𝐥𝐥𝐞𝐭 𝐡𝐚𝐜𝐤𝐞𝐝
The non-custodial decentralized crypto wallet Atomic Wallet with a reported user base of over five million customers said some of its users complained about having their digital assets drained. Later reports suggested that numerous users had six figures worth of crypto wiped out, while the largest victim lost nearly $3 million worth of Tether (USDT). Wu Blockchain tweeted that it was possibly a supply chain attack, in which hackers tamper with the software source code on the server, which ordinary users then download.
⏳ ⚡️ Last week in $EGLD the new Hypergrowth strategy was revealed, @JungleDEX integrated into @xExchangeApp and The Great Heist completed with 0 successful attacks. The Global Outreach Tour saga continues with @thecryptovalley Switzerland, #MetaForumMilano Italy and @proofoftalk France.
https://twitter.com/MultiversX/status/1665619484470566912
We’ve come a long way.
Built a strong foundation, and now a focused battle plan.
Ready for the next chapter of EGLD & MultiversX.
Hypergrowth begins.
https://hypergrowth.multiversx.com
RT: https://twitter.com/beniaminmincu/status/1664677654656610305
An update for MultiversX
Friday, 13:30 UTC.
MultiversXOfficial" rel="nofollow">https://youtube.com/@MultiversXOfficial
RT: https://twitter.com/MultiversX/status/1664305842982666241
An official Metaforum Milano side event, organized alongside Bitget & The Nemesis
The MultiversX Global Outreach Tour is about to reach Italy 🇮🇹
T - 7 days⏳
Save your seat today: https://multiversx-metaforum.eventbrite.com
RT: https://twitter.com/MultiversX/status/1663847752013422593
@HatomProtocol is the project powered by @MultiversX, that will bring major contributions in lending, liquid staking, algo-stablecoins, and more. 🚀
Eligibility tiers, KYC guide & launchpad timeline are now available.
https://xlaunchpad.com/hatom
⏳ ⚡ Last week in $EGLD, support was added on @MultiversX Bridge for BTC & ETH, the launchpad schedule for @HatomProtocol was displayed and future crypto events were announced: the @sense4fit Summit, the @SagaFestivalNFT & @thedreamywhales by Neversea. 🐳
https://vxtwitter.com/MultiversX/status/1670694380422701056
🛠 ⚙️ The weekly @MultiversX tech review has arrived! 🔥
DeFi is a decentralized, open-source, and user-owned financial umbrella, an ecosystem of composable applications, free of traditional financial intermediaries, for money markets, loans, asset management, digital liquidity channels, and digital ownership.
DeFi is the future of finance, and it is here to stay.
@HatomProtocol
https://vxtwitter.com/lucianmincu/status/1670427733174673408
New @xExchangeApp APR calculator available!
Check your current level of benefits, but also the maximum potential you can reach.
#XMEX #Energy
https://vxtwitter.com/xExchangeApp/status/1669692998693650432
❓ 𝐃𝐢𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐡𝐚𝐭… x̲M̲o̲n̲e̲y̲ ̲w̲i̲l̲l̲ ̲e̲n̲a̲b̲l̲e̲ ̲a̲ ̲s̲e̲a̲m̲l̲e̲s̲s̲ ̲b̲r̲i̲d̲g̲e̲ ̲b̲e̲t̲w̲e̲e̲n̲ ̲f̲i̲a̲t̲ ̲a̲n̲d̲ ̲c̲r̲y̲p̲t̲o̲,̲ ̲t̲h̲e̲ ̲p̲h̲y̲s̲i̲c̲a̲l̲ ̲w̲o̲r̲l̲d̲ ̲a̲n̲d̲ ̲t̲h̲e̲ ̲v̲i̲r̲t̲u̲a̲l̲ ̲w̲o̲r̲l̲d̲,̲ ̲w̲i̲t̲h̲ ̲a̲ ̲f̲a̲s̲t̲,̲ ̲s̲e̲c̲u̲r̲e̲,̲ ̲a̲n̲d̲ ̲e̲f̲f̲i̲c̲i̲e̲n̲t̲ ̲f̲l̲o̲w̲ ̲o̲f̲ ̲m̲o̲n̲e̲y̲ ̲b̲e̲t̲w̲e̲e̲n̲ ̲i̲n̲d̲i̲v̲i̲d̲u̲a̲l̲s̲,̲ ̲b̲u̲s̲i̲n̲e̲s̲s̲e̲s̲,̲ ̲a̲n̲d̲ ̲m̲a̲r̲c̲h̲a̲n̲t̲s̲,̲ ̲o̲n̲ ̲a̲ ̲g̲l̲o̲b̲a̲l̲ ̲s̲c̲a̲l̲e̲? 💡
Upgrades and releases planned next are: unveiling the product vision, modules, roadmap, and important next steps to making this vision a reality (Q2 2023), xMoney Crypto pay (Q2 2023), xMoney Crypto invoices (Q2 2023), xMoney KYC (Q3 2023), xMoney Onramp (Q3 2023), xMoney Fiat pay (Q3 2023), xMoney Offramp (~ Q4 2023), xMoney Fiat invoices (~ Q4 2023), and xMoney IBANs (~ Q4 2023).
🌉 The @MultiversX Bridge added support for Bitcoin and Ethereum, allowing them as ESDTs to benefit from high-speed transactions, increased scalability, very low fees, and the ability to integrate into new DeFi protocols.
#wBTC #wETH
https://vxtwitter.com/beniaminmincu/status/1668265832713973765
⏳ ⚡ Last week in $EGLD, @MultiversX stood out at @thecryptovalley and #MetaforumMilano conferences & the #HypergrowthX campaign was launched, with prizes worth $40,000. @pulsarmoney and @EntityFinance were in the spotlight.
https://vxtwitter.com/MultiversX/status/1668153679235411970
🔥 Let's commit together to the @Vampiresio project!
By purchasing a Vampire or a Villager, you contribute to the creation of a Web3 blood donation platform: https://mint.vampires.io. 🩸
https://vxtwitter.com/Vampiresio/status/1667160742389334023
Explore MultiversX and get new insights on blockchain, AI, and the Metaverse.
Join Beniamin and Danilo Carlucci for a Fireside Chat at MetaforumMilano 🇮🇹
Happening today, 12:00 UTC.
RT: https://twitter.com/MultiversX/status/1666359464272748544
🏆 The @MultiversX Hypergrowth Awareness Campaign has started, with prizes worth 40,000$!
Ignite a ✨ spark, share your thoughts with the world, let them know about @MultiversX, and capture exceptional rewards.
https://multiversx.com/blog/hypergrowthx-awareness-campaign
𝐋𝐀💲𝐓 𝐖𝐄𝐄𝐊 𝐈𝐍 𝐂𝐑𝐘𝐏𝐓𝐎
🌏 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠 𝐚𝐧𝐝 𝐔𝐀𝐄 𝐜𝐞𝐧𝐭𝐫𝐚𝐥 𝐛𝐚𝐧𝐤𝐬 𝐣𝐨𝐢𝐧 𝐟𝐨𝐫𝐜𝐞𝐬 𝐨𝐧 𝐜𝐫𝐲𝐩𝐭𝐨 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬
Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation last week. Besides discussing capital market opportunities and financial market infrastructure, the seminar addressed “arrangements to facilitate better cross-border trade settlement.” Central banks have frequently credited cryptocurrencies for providing a faster and more cost-effective means of global money transfer.
⚖️ 𝐂𝐨𝐢𝐧𝐛𝐚𝐬𝐞 𝐂𝐄𝐎 𝐜𝐫𝐢𝐭𝐢𝐜𝐢𝐳𝐞𝐬 𝐔𝐒 𝐥𝐚𝐰𝐦𝐚𝐤𝐞𝐫𝐬 𝐚𝐧𝐝 𝐰𝐚𝐫𝐧𝐬 𝐨𝐟 𝐮𝐩𝐜𝐨𝐦𝐢𝐧𝐠 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚
Coinbase CEO Brian Armstrong criticized US lawmakers and regulators over their approach to bringing “regulatory clarity” to cryptocurrency and warned that innovation is moving offshore. Countries like China will benefit from “restrictive U.S. crypto policies,” Armstrong said: “By enforcing restrictive policies, the U.S. is inadvertently driving crypto innovation offshore,” Armstrong said. “That shift will compromise America’s legacy of pioneering technological advancements and weaken our national security posture.”
🚫 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐭𝐚𝐫𝐠𝐞𝐭𝐬 𝐩𝐫𝐢𝐯𝐚𝐜𝐲 𝐜𝐨𝐢𝐧𝐬 𝐟𝐨𝐫 𝐝𝐞𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐟𝐨𝐮𝐫 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬
Binance, the world’s largest crypto exchange by trading volume, is planning to delist starting June 26 several privacy coins for users in Spain, France, Italy, and Poland. The coins that will be delisted are all privacy-focused coins that are designed to make it difficult for third parties to trace transactions and get information about wallet balances. The coins that will be delisted include Zcash (ZEC), Monero (XMR), Decred (DCR), Horizen (ZEN), Verge (XVG), Dash (DASH), Secret (SCRT), Firo (FRO), Navcoin (NAV), PIVX (PIVX), Mobilecoin (MOB) and BEAM (BEAM).
⚡️ 𝐒𝐜𝐢𝐞𝐧𝐭𝐢𝐬𝐭𝐬 𝐩𝐫𝐨𝐩𝐨𝐬𝐞 𝐪𝐮𝐚𝐧𝐭𝐮𝐦 𝐩𝐫𝐨𝐨𝐟-𝐨𝐟-𝐰𝐨𝐫𝐤 𝐜𝐨𝐧𝐬𝐞𝐧𝐬𝐮𝐬 𝐟𝐨𝐫 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧
A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain consensus that relies on quantum computing techniques to validate consensus. The preprint research paper details a system that the authors claim “provides dramatic speedup and energy savings relative to computation by classical hardware." According to the paper, the quantum advantage provided by this scheme would also increase the difficulty of mining, thus making it possible to “maintain consistent block mining time” as the number of miners increases, further incentivizing continuing participation of “quantum miners.”
🇨🇳 𝐂𝐡𝐢𝐧𝐚 𝐦𝐢𝐠𝐡𝐭 𝐚𝐩𝐩𝐫𝐨𝐯𝐞 𝐩𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐚𝐛𝐥𝐞 𝐂𝐁𝐃𝐂𝐬, 𝐩𝐫𝐢𝐯𝐚𝐜𝐲 𝐚𝐜𝐭𝐢𝐯𝐢𝐬𝐭𝐬 𝐰𝐨𝐧’𝐭
A recent whitepaper by two financial behemoths has approved using programmable CBDCs in one of the world’s largest economic zones. The report makes observations and recommendations that worry most privacy and freedom activists. Programmable CBDCs are digital currencies incorporating embedded programmable features, enabling potential control over spending conditions. The increased surveillance and control they introduce raise concerns about privacy and financial freedom. Authorities can track and monitor transactions, impose restrictions, and potentially curtail individual financial autonomy. This prompts questions about privacy rights, personal liberties, and the potential for abuse of power.
🇯🇵 𝐉𝐚𝐩𝐚𝐧’𝐬 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐛𝐚𝐧𝐤 𝐭𝐨 𝐢𝐬𝐬𝐮𝐞 𝐬𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧𝐬 𝐨𝐧 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧𝐬
Premier Japanese bank MUFG will launch bank-backed stablecoins on several blockchains. Preferred networks are Ethereum, Avalanche, Cosmos, and Polygon. As MUFG pioneers the issuance of bank-backed stablecoins through Progmat Coin, the development signifies a significant step towards the integration of traditional banking and blockchain technology, with potential implications for global financial systems.
🛠 ⚙️ The weekly @MultiversX tech review has arrived! 🔥
The Great Heist competition was a success, @JungleDEX has been merged into @xExchangeApp and the infrastructure for Launchpad is being prepared.
https://vxtwitter.com/ccorcov/status/1665311493229772800
🍿 Sit down comfortably and get ready to explore an important @MultiversX update.
Today at 16:00 UTC / 19:00 🇷🇴
📺 https://bit.ly/45K2wjZ
https://twitter.com/MultiversX/status/1664624210621222917
🌐 @xExchangeApp and 🦜 @JungleDEX are merging.
https://vxtwitter.com/xExchangeApp/status/1663943778711764993
🔐 It will launch all the products on IPFS, which protects protocols from exploits, and ensures the integrity of the data, making it harder for attackers to tamper with or manipulate the information stored on the network.
🔐 Its code will be open source.
🔐 It will also run Guardian Bots to protect each product in the worst of times from potential price manipulation, flash liquidation, and market failure.
🔐 Will have a Bug Bounty Program with Immunefi to offer high rewards if anyone spots as little as a minor issue.