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A combination of human expertise, NFTs and blockchain technology could help humanity protect its priceless artifacts from theft and looting. Computer scientist Adel Khelifi, of the University of Abu Dhabi, and archaeologist Mark Altaweel, from University College London, recently announced the development of a Web3-based verification-as-a-service model for determining and recording the authenticity and provenance of cultural artifacts.  Called Salsal, the big idea behind the service is to bridge the world of historical artifacts with an on-chain validation system that can’t be fudged or cloned. In an email interview with Cointelegraph, Altaweel said Salsal would be offered specifically to “ cultural heritage organisations.” Related: TemDAO world heritage project helps cultural sector through democracy-fueled donations There currently exists no official globally recognized registry for items of historical significance. Despite this, most territories have laws governing the procurement...

Crypto lawyer s John Deaton and Mike Selig took to Twitter to debunk misconceptions about the judge Torres’ decision regarding XRP’s security status . The legal experts sought to clarify the ruling amid what they deemed to be widespread inaccuracies perpetuated by financial commentators and even some politicians. John Deaton, the founder of CryptolawUS, expressed his concern about the misinterpretation of the US judge Torres decision, questioning whether it was a result of genuine confusion or intentional misinformation to push false narratives. He called out politicians like Brad Sherman, accusing them of disregarding the law to gain more control over financial markets. It’s amazing how many people including financial commentators continue to misstate the Torres Decision. Mike explains it well below. The question I have is whether this is genuine confusion or are people intentionally misstating what she said to promote a false narrative.… https://t.co/1xXqiNEi4F ...

The Securities and Exchange Commission (SEC) has warned about a worrying trend in which accounting firms are collaborating with cryptocurrency trading platforms with a track record of scandals and financial collapses within the cryptocurrency sector. Notably, the commission notes that certain players in the blockchain industry are promoting fake “audits” to attract investors. The SEC has warned against such non-audit agreements as they do not provide the same level of assurance as a proper audit of financial statements to investors. The report underscores the risks associated with these misrepresented “assurance” services, which the commission’s staff, PCAOB, and other experts in the field have already highlighted.  The research focuses on accountants contemplating offering non-audit services to clients dealing with crypto assets. #SEC Chief Accountant Paul Munter warns of crypto "assurance" risks. Non-audit arrangements are not as rigorous ...

Also Read: UK and Singapore Unite for Crypto Standards: The Next Big Leap for Digital Asset Regulation? advertisement Meanwhile, the official Twitter handle of one of the top United States based crypto exchange asked the big question in the Crypto Market , about the option to receive payments in Bitcoin . Now imagine the option to receive payouts in Bitcoin . Wen crypto integration? 😉 💜 — Kraken Exchange (@krakenfx) July 28, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] ...

Several collapses in the past year have highlighted centralization problems, while fragmentation remains another hurdle in this nascent sector. True decentralization is something that many crypto projects strive for, but the result is often too complicated for everyday users to rely on. So, what’s the solution? The high-profile failures of big industry players — namely the cryptocurrency exchange FTX — exposed just how centralized the crypto space has become. Former FTX CEO Sam Bankman-Fried now faces a flurry of criminal charges amid allegations that his decision-making directly affected the exchange’s collapse. Challenges of true decentralization While true decentralization has been touted as crucial for unlocking this nascent market’s potential, some protocols that meet this requirement are simply too complicated to use. Poor interfaces and convoluted mechanisms mean customers are at a higher risk of making costly mistakes or even losing their funds altogether. It’s little wonder t...

A wave of fresh DeFi PR ojects has launched in crypto, and this new generation looks brilliantly positioned to outgrow the old generation from the last cycle. Built on better tech stacks and with smaller, more agile market caps these PR ojects also have the added advantage of having no bag holders meaning they can enjoy uninterrupted rallies devoid of sell PR essure. One exciting example, Pomerdoge (POMD), looks to become a top 100 crypto while Tron (TRX) and Polygon (MATIC) see heavy drops. Click Here To Find Out More About The Pomerdoge (POMD) Presale Pomerdoge (POMD) The Future of Play-to-Earn Pomderdoge is a brand new play-to-earn game connecting players from around the world. This protocol leverages memecoin marketing giving it all the explosive upside. But, it adds excellent utility for users through its NFT marketplace and the Pomergame, which will enable users to network and compete from a single application. Pomerdoge has its sights set on becoming a top 100 cryp...

In the wake of the US government being accused of covering up extraterrestrial activity, crypto degens were quick to sprout a shiny batch of memecoins. Crypto degens have been quick to try and capitalize on a widely-watched hearing where former United States government officials have claimed the existence of alien space craft and “biologics." Testifying under oath at the House Oversight Subcommittee on National Security, David Grusch, a former Pentagon task force member on Unidentified Aerial Phenomena (UAP) and whistleblower, accused the U.S. government of covering up alien visitation to Earth. The July 26 hearing has since gone viral, prompting over 50 alien, UFO, or other extra-terrestrial themed-tokens to crop up over the last 24 hours. While Grusch admitted he couldn’t provide answers to specific questions due to much of the information remaining classified, he said that the United States government was in possession of “non-human” spacecraft. Citing Pentagon sources who...

Yearn Finance invited followers to hack them and opened permissioned functions on its vault. After an $11 million exploit in April, yUSDT’s misconfiguration was identified as the attack source. Yearn’s Total Value Locked (TVL) declined 94%, now ranking 24th at $431 million. Earlier today DeFi protocol Yearn Finance turned the tables on its hackers and invited its followers to hack them. “We’ve even opened up almost all permissioned functions on the vault,” announced the platform while adding the link to its vault. We've even opened up almost all permissioned functions on the vault. See, we really do want you to rug us anon. Blz. Vault:https://t.co/EJkJvJcSRA Strategy: https://t.co/z9spgo4lhf pic.twitter.com/sDpHqktXuq — yearn (@yearnfi) July 25, 2023 In April, Yearn Finance lost over $11 million worth of stablecoins to an exploit. Subsequently, blockchain security companies reported that the misconfigured stablecoin yUSDT of Y...

ETH’s technical and on-chain indicators point toward further downside, but there is a silver lining. Ether’s price fell this week, and several data points are beginning to suggest that further downside could be in store.  On July 24, Ether (ETH) experienced a drop close to its monthly low, reaching $1,825 amid Bitcoin’s (BTC) negative price action, as uncertainty loomed over macroeconomic conditions and a potential whale sell-off. Several on-chain and technical indicators point to further downside in ETH prices. However, the extent of this downward movement could be limited, considering the profit levels of existing holders and the decrease in ETH’s liquid supply. ETH on-chain analysis suggests more downside Since the beginning of 2023, Ethereum’s network value-to-transaction value (NVT) metric has indicated that the asset may have been overpriced. Glassnode’s NVT signal gauges the relative value of the Ethereum network by comparing the market price to the volume of on-chain trans...

Some creative Bitcoin ers have introduce d a novel method for customizing multi-signature wallet s that can adapt to a variety of real-world use cases. The newly- introduce d Frostsnap method upgrades the capability of any multisig with a suite of new Features . For context, traditional Bitcoin Script multisig wallets have always been the most secure way to safeguard funds on the Bitcoin network. As the name suggests, rather than a single signer able to transfer funds, a multisig requires multiple signers to authorize any transaction.  Traditional multisigs can’t add signers without creating a new wallet. Changing a 2-of-3 to a 3-of-5 multisig, for example, requires creating a new multisig and transferring funds. Frostsnap , however, introduce s a method to: change hardware wallets (Ledgers, Trezors, ColdCards, etc.) belonging to a multisig without additional on-chain transactions, add new signers to a key after the initial private key generation event, permitting ph...

XRP price is down today like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week. XRP (XRP) price is down today , mirroring trends elsewhere in the cryptocurrencymarket as traders await the Federal Reserve rate decision in the week. XRP price drops amid rising dollar strength On July 24, XRP price dropped 8% to $0.68, underperforming the crypto market's 3.5% decline on the same day. The XRP/USD pair declined amid growing expectations that the Fed would raise interest rates by 25 basis points in its July 25-26 meeting. XRP/USD versus the crypto market's daily performance chart. Source: TradingView A higher rate environment is considered bad for cryptocurrencies like XRP. As a result, some traders have rotated out of high-cap cryptos to seek shelter in safer assets like the U.S. dollar, selling at the peak of the Ripple-led market rally on July 13. For instance, XRP's price climbed 75% on July 13 but was unable to extend its gains above $1...

Token Unlocks revealed that tokens worth more than $4M will be unlocked in the coming week. OP is set to face the largest unlocking for the week worth an estimated $39.62 million. Other tokens like AGIX, YGG, EUL, and ACA will also experience token-unlocking events in the next seven days. The tokenomics insights platform, Token Unlocks, shared on Twitter this morning that tokens worth more than $44.95 million will be unlocked in the coming week. The cryptocurrency that will be facing the largest unlocking in the days to come is Optimism (OP). According to the platform, OP worth about $39.62 million will be unlocked. This week's cliff unlocks are over $44.95 m Highlight are $OP $OP 3.56% – $39.62m $AGIX 0.81% – $2.36m$YGG 7.04% – $2.13m$EUL 1.26% – $0.75m$ACA 0.6% – $0.32m ( % Cir. supply ) Link ️ : https://t.co/8XoTR8tBPT pic.twitter.com/X4BaEEGpNR — Token Unlocks (@Token_Unlocks) July 24, 2023 Similarly, Singul...

In the ever-expanding landscape of cryptocurrency exchanges, peer-to-peer (P2P) platforms have gained significant traction in recent years. They facilitate direct trading between users, eliminating the reliance on intermediaries.  As the popularity of P2P exchanges continues to soar, we examine the top 5 platforms preferred by traders. Among industry leaders, these five crypto exchanges offer broad options, enhancing trader experience. Elbaite Elbaite, a self-custodial cryptocurrency exchange, was designed by a team of crypto traders concerned with the insecurity in mainstream centralized exchanges. Elbaite prioritizes product and user experience and is committed to delivering a trading experience designed around the needs of crypto traders. By enabling users to directly buy and sell cryptocurrencies from their personal crypto wallets, Elbaite ensures a seamless and highly secure trading process that saves users both money and mitigates all of the risks associated with traditional...

Also Read: Tesla Retains Dogecoin As Payment Option; Removes Bitcoin advertisement Meanwhile, Ripple is moving ahead with its expansion plans in Europe after the historic win in the SEC case. Earlier on Friday, CoinGape reported that the company applied for a crypto asset firm license with the UK’s Financial Conduct Authority (FCA) as well as a payment institution license with Ireland regulators. Will The US SEC Request For Appeal Against XRP Ruling? According to Bill Hughes, a lawyer with crypto wallet MetaMask’s developer ConsenSys, the federal regulatory agency will have to act quickly if they were to stand a chance to appeal against Judge Torres’ decision. Hughes explained that very soon the SEC would have to inform the district court that it wishes to appeal the summary judgment and seek permission to do so. If permitted, the SEC officials could present an argument as to why they need to appeal. Also Read: Binance’s Half-Yea...

Also Read: Terraform Labs Wants Access to FTX Wallets in Fraud Case Defense advertisement Since the Summary Judgment was delivered, the XRP price grew by as much as 60% and so far maintained the same price range around the $0.80 mark, whereas the XRP holders are speculating on the token touch ing $1 mark soon. The ruling brought about immediate change in the United States crypto ecosystem, with top exchanges like Coinbase reinstating XRP trading on its platform. Attorney Jeremy Hogan Explains XRP’s Untouchable Part Referring to the historic ruling by Judge Torres, the attorney said the SEC may not be able to appeal the XRP ’s status as not being a security in itself. He explained that the underlying meaning in the order shows that part of the order is not appealable, in what could be an irreversible victory not just for XRP holders but also for the Crypto Market . “I don’t think that’s appealable. I don’t think an...