Author: Lora

Resonance Security, a blockchain security firm, is introducing a new tool aimed at assisting web3 protocols in combating DNS and CDN manipulations. The tool is designed to continuously capture snapshots of the web state, including DNS records and scripts of cryptocurrency websites, to swiftly detect any unauthorized modifications in real-time. According to a press release shared with crypto.news, the newly launched tool named “Harmony” aims to empower crypto investors in identifying early CDN hijackings and DNS manipulations. These tactics are increasingly utilized by malicious actors to create fraudulent websites and steal personal information. Resonance Security CEO Charles Dray emphasized that…

Ripple donated $1 million to the Commonwealth Unity Fund PAC to bolster John Deaton’s campaign in the Massachusetts Republican senatorial primary against crypto critic Elizabeth Warren. Deaton, known for his advocacy for Ripple Labs and specializing in mesothelioma law, also runs the CryptoLaw website. Ripple supports its own Deaton led the group known as the XRP Army, comprising tokenholders who volunteered as third-party defendants in the Securities and Exchange Commission’s (SEC) lawsuit against Ripple. Additionally, he has submitted multiple amicus curiae letters in prominent SEC cases involving cryptocurrency firms. Lawyer James Murphy established the Commonwealth Unity Fund to assist Deaton,…

Coinbase initially sought access to both current and past private communications of SEC Chair Gary Gensler. However, following reluctance from Judge Katherine Polk Failla, a recent filing on July 15 indicates that Coinbase will now only request records from Gensler’s tenure starting in April 2021. Coinbase’s legal team argued that access to Gensler’s private chats dating back to 2017 would provide crucial insights into their defense strategy, showing the evolution of his views on crypto regulations. Before his SEC appointment, Gensler taught a “Blockchain and Money” course at the Massachusetts Institute of Technology in 2018. Judge Failla expressed concerns about…

BlackRock CEO Larry Fink has become a prominent supporter of Bitcoin, emphasizing its importance in investment portfolios during an appearance on CNBC’s “Squawk on the Street.” His endorsement carries weight due to BlackRock’s management of over $10 trillion in assets. Larry Fink supports Bitcoin, citing its potential. During his CNBC appearance, Fink emphasized Bitcoin’s unique attributes, noting its role in providing financial autonomy, especially in volatile economies. “I strongly believe there’s a place for Bitcoin in portfolios. It’s emerging as an asset class we all consider. I see it as digital gold, as I’ve mentioned before,” he stated. Initially skeptical,…

Sources indicate that BlackRock, Franklin Templeton, and VanEck have received preliminary approval from the US Securities and Exchange Commission (SEC) for their spot Ether exchange-traded funds (ETFs). Trading of these ETFs may commence as early as next Tuesday, fueling market speculation. According to a Reuters report on July 15, SEC approval for launching spot Ether ETFs now hinges on applicants submitting final offering documents by the week’s end. Applicants including BlackRock, Franklin Templeton, and VanEck are among those in contention. Additionally, Fidelity, ARK 21Shares, Grayscale, Bitwise, and Invesco Galaxy are also preparing to launch their Ether products simultaneously next week,…

Bitcoin has surged back above the $62,000 mark, with analysts suggesting that the worst of the selling pressure may have passed following the conclusion of German BTC sales and the near completion of Mt. Gox payments. The cryptocurrency has rallied 5.2% in the past 24 hours, rebounding from its recent low of $53,500 on July 4, and is currently trading at around $62,550 according to TradingView data. Ben Simpson, founder of the crypto education platform Collective Shift, expressed to Cointelegraph his belief that Bitcoin has established a “local bottom” and is poised for an uptrend. Simpson attributed Bitcoin’s recent price…

Binance, a prominent cryptocurrency exchange, is in advanced discussions to sell its controlling stake in Gopax, a South Korean crypto exchange, to Megazone, a leading provider of cloud infrastructure solutions in South Korea. According to local news reports citing sources familiar with the situation, Binance, which acquired a 72.26% stake in Gopax last February, aims to reduce its ownership in Streami, Gopax’s operator, from 72.6% to around 10%. This move is reportedly part of Binance’s effort to enhance its corporate governance structure as mandated by financial regulators. The reports suggest that Binance and Megazone are nearing the finalization of the…

Bank of Italy Governor Fabio Panetta announced on Tuesday, July 9, that Italy’s central bank will soon release guidelines for implementing the European Union’s incoming crypto rules. The guidelines aim to ensure the effective application of the Markets in Crypto-Assets Regulation (MiCA) and safeguard cryptocurrency holders, as outlined in Panetta’s speech to the Italian Banking Association. Panetta explained that MiCA categorizes tokens into two main types suitable for payments: asset-reference tokens (ARTs) and electronic money tokens (EMTs). However, he highlighted that the Bank of Italy has determined only EMTs can effectively serve as means of payment while maintaining public trust.…

German lawmaker and Bitcoin advocate Joana Cotar has called on the government to halt its “hasty” selling of Bitcoin and instead consider adopting it as a “strategic reserve currency” to mitigate risks within the traditional financial system. In a letter to members of Germany’s government on July 4, the Bitcoin-friendly politician emphasized, “[I] urge you to refrain from swiftly disposing of state-owned Bitcoin.” Cotar highlighted that Bitcoin could assist Germany in diversifying its treasury assets, protecting against inflation and currency devaluation, and fostering innovation within the country. She cautioned that further selling of Bitcoin would be “imprudent” and counterproductive for…

A Kamala Harris-themed memecoin surged nearly 250% on Thursday amid increasing pressure for U.S. President Joe Biden to withdraw from the presidential race following a lackluster debate against Donald Trump. Kamala Horris (KAMA), a Solana token intentionally misspelled and featuring a crudely drawn cartoon of the U.S. vice president, saw its market cap rise from $3.5 million to nearly $11.9 million since the June 27 debate, according to Dex Screener. However, it has since declined from its peak market cap of $22.2 million on July 3. Reuters reported on July 3 that Harris is the leading contender to replace Biden…