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Two years ago, AnubisDAO was rug-pulled for about $60 million worth of Ethereum (ETH) and funds were never recovered. However, the blockchain never forgets and block analysts have been keeping an eye on Anubis exploiter wallets. New on-chain Analysis by ZachXBT may have revealed who the scammers are. Deeper analysis reveals possible identity of exploiters An Analysis done by ZachXBT, an on-chain analyst, shows that the funds ended up in two exchange deposit addresses. These addresses are 0x51da686c7a2f973ad11fafed6ce9a3ffc020349f, herein marked as (1) and 0x253d7ba533b7d13720fb5ec5a7d1e64d4ff3f58b, herein labeled as (2). 1/ Here is my Analysis of the $60M Anubis DAO rug pull. I noticed a clear trend in 2023 of funds being withdrawn from Tornado Cash and bridged to Polygon before consolidating to two exchange accounts. pic.twitter.com/UX0uHSG9TN — ZachXBT (@zachxbt) July 20, 2023 ZachXBT was able to trace a transaction of 95 ETH sent to (1) from bsl.eth, an address own...

The expansion will encompass all blockchains and applications running on the Polygon network, democratizing the upgrade process and fostering community participation. Polygon Labs has begun work on an expansion intended to include all blockchains and applications running on the Polygon network, and seeks to democratize the upgrade process and encourage community participation. On July 19, the company’s developers presented a proposal to revamp the governance mechanism for the forthcoming Polygon 2.0 roadmap, with the aim of establishing several layer 2s on the network.  In line with the proposal, the developers introduced a comprehensive and innovative governance structure underpinned by “three main pillars,” each tailored to serve specific functions within the Polygon ecosystem. The first pillar revolves around expanding the existing Polygon Improvement Proposal (PIP) framework, which currently enables users to propose and conduct research on upgrades for Polygon protocols. This ex...

Ubisoft, a video game creator and publisher, is growing its footprint in the non-fungible token (NFT) gaming industry after partnering with Cronos, a blockchain network, per an update on July 18. Ubisoft to run a Cronos validator node Ubisoft, famous for franchises such as Just Dance and Assassin’s Creed, will manage a node on the Cronos network, an open-source platform compatible with Ethereum and Cosmos blockchains. Ubisoft, a leading creator and video games publisher, joins the Cronos ecosystem as network validator. Cronos will greatly benefit from the expertise of Ubisoft’s Strategic Innovation Lab, and its feedback on tech upgrades to support gaming use cases.https://t.co/LRrnPeWQdQ — Cronos (@cronos_chain) July 18, 2023 As a validator , Ubisoft will be responsible for producing and verifying new blocks on the Cronos network, joining forces with 27 other blockchain validator s, including Crypto.com and Blockdaemon.  This move is expected to enhance the net...

Valkyrie’s Bitcoin exchange-traded fund proposal has been accepted by the SEC for official review. The proposal entered the official docket on July 17, as per data from the SEC’s Nasdaq rulemaking list. Last in the batch Following the recent publication of BlackRock’s spot Bitcoin exchange-traded fund (ETF) proposal on July 13, Valkyrie’s listing on the docket marks the last in the batch under consideration by the U.S Securities Exchange Commission (SEC). The proposed fund, symbolized as “BRRR,” takes inspiration from a widely recognized meme within the Bitcoin community. If approved, the fund would be traded under this distinctive ticker, adding a touch of humor and familiarity for Bitcoin enthusiasts. What’s in the meme? For those new to the crypto game, the Brrr meme emerged in early 2020 under “Haha Money Printer Go Brrr.” The meme quickly gained traction, depicting a younger individual expressing outrage towards an ol...

The UK’s financial regulator has unveiled new proposed guidelines requiring crypto firms and influencers to add disclaimers to crypto-related memes. In its recently released guidance on social media financial promotions, the Financial Conduct Authority (FCA) specifically targets promotional memes and financial influencers , commonly called “f influencers .” Too many people across the UK are being shown financial promotions from unsuitable sources. We’ll be ramping up our work to stamp out illegal financial promotions, particularly those found on social media. #financialpromotions #financialservices https://t.co/sK8r5ExxVm — Financial Conduct Authority (@TheFCA) July 17, 2023 The financial regulator expressed concern over the proliferation of memes from crypto firms that circulate online without adhering to its promotional rules. You might also like: UK’s FCA is looking to collaborate with crypto entities Promotional memes have become increasing...

An analyst from Crypto Banter named several cryptos that may present trading opportunities this week. Trade entries for BTC, STX, 1INCH, ARB, UNI, SUI and OCEAN were shared in the analysis. The analyst also predicted that OP, ATOM, JOE, SOL, TRIAS and PERP will see their price rise in the short-term. An analyst from Crypto Banter predicted in a video this morning that several cryptocurrencies may present long opportunities in the coming few days. In the Analysis , he mentioned that trade opportunities for Bitcoin (BTC), Stacks (STX), 1inch (1INCH), Arbitrum (ARB), Uniswap (UNI) and several other altcoins may pop up in the upcoming few days. The Analysis indicated that BTC’s price was facing a critical resistance level. The weekly chart showed that the 9 and 18 EMA lines were acting as support, along with the top side of the Gaussian channel at around $28,400, noted the analyst. Weekly chart for BTC/USDT (Source: TradingView) The market leader ne...

US economics professor Eswar Prasad has said that governments can program central bank digital currencies (CBDCs) to restrict purchases made by citizens . Speaking at a June World Economic Forum (WEF) event, Cornell University professor Eswar Prasad opined that one of the “dangerous” aspects of CBDCs could be its ability to enable authorities to decide how people spend their money. Governments can program Central Bank Digital Currencies (CBDCs) with expiry dates and to restrict “undesirable” purchases, according to Eswar Prasad, WEF. pic.twitter.com/0NP0YS6gUK — unusual_whales (@unusual_whales) July 16, 2023 Professor Prasad hypothesized that given the programmability of CBDCs, governments could input Features such as expiry dates and the ability to purchase some things, not others.  According to the professor, through these government-sanctioned digital currencies, authorities could stop people from buying harmful or socially undesirable products, including drugs,...

The SEC’s acknowledgment indicates the commencement of the official review process for BlackRock’s ETF proposal. The United States Securities and Exchange Commission (SEC) has accepted BlackRock's application for a Bitcoin Exchange-Traded Fund (ETF), following its acknowledgment of a similar application by Bitwise the day before. The SEC's acknowledgment indicates the commencement of the official review process for BlackRock's ETF proposal. While it is an initial step in a lengthy regulatory journey, it holds great importance for the Bitcoin community. The SEC's readiness to explore the idea of a Bitcoin ETF and assess its potential market effects is evident from this acknowledgment. ETFs are investment funds that typically follow specific indices and are commonly traded on exchanges. In the realm of cryptocurrencies, a fund that mirrors the value of one or multiple digital tokens and comprises a variety of cryptocurrencies is known as a cryptocurrency ETF. On Frid...

A judge in the US District Court for Southern New York, Analisa Torres, has ruled that the defendants in the SEC v. Ripple case committed violations of the Securities Act of 1933. Torres also ruled that Ripple’s co-founders, Brad Garlinghouse and Chris Larsen, should stand trial in front of a jury for their violations. In a move that was interpreted by some as a partial win for Ripple, Judge Torres also partially denied the SEC’s request for summary judgment. The ruling states that Ripple illegally sold $728 million worth of unregistered securities via institutional sales of XRP. However, Torres ruled that Ripple did not illegally offer $757 million worth of unregistered securities via programmatic sales of XRP. Nor, according to Torres, did Ripple illegally offer $609 million worth of other distributions (bonuses, compensation for labor, etc.) of XRP . SEC v. Ripple: A split decision In short, the judge issued a split decision. She granted in part and denied in part both parti...

According to Matba Rofex, the trading platform behind the investment vehicle, the first Bitcoin futures contract in Latin America has begun trading. Argentina welcomed its first Bitcoin  futures contract on July 13, just three months after the country’s securities watchdog approved the underlying index as part of a strategic innovation agenda. According to Matba Rofex, the trading platform behind the investment vehicle, it is the first Bitcoin (BTC) futures contract in Latin America. In a futures contract, buyers bet on the future price of a commodity or other asset, such as Bitcoin. Under the contract, buyers and sellers are obligated to purchase and sell the asset at a predetermined future date. Argentina’s securities regulator, the Comisión Nacional de Valores, approved the Bitcoin futures index in April as part of an innovative agenda to encourage public-private collaboration for new financial products. The Bitcoin futures contract will be based on the price of BTC quoted by sev...

Google Play Store has updated its policy to pave the way for digital collectibles and NFTs on its platform. Crypto Twitter’s reaction is beyond optimistic. Google Play Store has updated its policy to enable blockchain-based app and game developers to integrate non-fungible tokens (NFTs) into their offerings responsibly and transparently. According to the team’s July 12 blog post, the new policy aims to enable developers of blockchain-based apps to develop more immersive and engaging digital experiences with non-fungible tokens (NFTs). It will take effect on Dec. 7. You might also like: Google censorship strikes again as MetaMask Android faces Play Store suspension The Google team has buttressed the need for blockchain-based app and game creators to operate responsibly by ensuring they focus on offering users safe, transparent, and trusted experiences. “As blockchain technology continues to evolve, maintaining user trust is paramount. As part of the policy upda...

advertisement MarketWatch figures show that COIN has increased by more than 70% in the last month, 27% over the last three months, and over 64% over the past year. Investors have witnessed a stunning 151% increase in COIN since January. According to sources, Coinbase stock’s value surged by nearly 50% even after the US SEC sued the company. What’s the Agreement About? According to updates to the initial reports made with the U.S. SEC, the agreement’s consummation was recorded on June 21. Early documents presented by the exchange referred to its desire to formally establish a surveillance-sharing agreement with Coinbase, which would be a big advancement for the digital currency sector. Following the finalized contract from June of this year, Coinbase approved the surveillance-sharing contract, also known as the “Spot BTC SSA.” A term sheet outlining the terms and circumstances of the arrangement was also signed, marking a sign...

The national currencies of Argentina, Turkey, and Egypt have been consistently falling against the U.S. dollar. The Peso has not been able to cap its losses over the past year. In fact, on the chart, the trend is a consistent decline. The Lira , on the other hand, did manage to cap its losses and trade horizontally during the end of 2022, and the initial few months of this year. However, that trend was too good to last. Over the past few weeks, these currencies have registered a streak of long red candles. In fact, people from space have started addressing the Turkish lira as the ‘suppressed’ lira. The Egypt ian Pound ’s state, however, seemed to be better than the other two currencies. After registering a choppy H2 in 2022, and subsequently beginning 2023 on a bearish note, this currency is currently consolidating. The post-Covid implications, spiraling inflation , political woes, and other macroeconomic instability factors have played a role in eroding the value...