Cryptocurrency

The “Web3 Security Alerts” channel on Telegram notified followers that Adams’ Twitter account had been compromised on July 20. The account from the Uniswap founder and CEO released a tweet to its more than 254,000 followers falsely claiming that the platform’s Permit2 contract had been “affected by an unknown exploit” and users’ tokens were at risk, encouraging them to click on a malicious link.Continue Reading on Coin Telegraph More

In July 2022, El Salvador had to handle tensions with Washington and the decreasing possibility of getting financing from the International Monetary Fund (IMF). In addition, there was uncertainty surrounding the decision to accept Bitcoin as legal tender. As a result, the value of El Salvador’s bonds declined significantly, dropping to just 25% of their original worth.However, the situation improved in H1 2023. El Salvador initiated two unexpected debt buybacks, alleviating the country’s payment obligations until 2027. This move, coupled with appointing a former IMF official as an advisor to the finance ministry, has been perceived favorably by investors.The enlistment of ex-IMF official Alejandro Werner rekindled hopes for a prospective IMF deal. His involvement could also lead to more structured policy-making.As a result, the value of bonds due in 2025 has surged from around $0.27 a year ago to its current trading price of $0.89.Recent data also shows Salvadoran bond prices are increasing, with the 2041 bond rising to $0.60. These bonds currently yield between 14% and 18%, marking them as the best-performing sovereign bonds in the first half of the year, with total returns nearing 60%.According to Aaron Stern from Converium Capital in Montreal, the bond prices in El Salvador did not reflect the actual situation last summer. Market concerns were focused on whether the government could fulfill its responsibilities.Stern explains that El Salvador’s bonds offer a competitive value compared to several high-priced bonds in emerging markets.According to Shamaila Khan from UBS Asset Management, President Nayib Bukele’s administration has prioritized continued access to the market, a crucial point considering El Salvador operates on a dollarized economy.By December 2022, El Salvador’s debt-to-output ratio dropped to 77%, the lowest since 2019. Projections suggest a further decrease this year, followed by an uptick to 78% in 2024. The total public debt decreased from $25.4 billion at the end of 2022 to $19.7 billion in May.This article was originally published on Crypto.news More

According to a company blog post, the feature works across prompts and sessions and includes support for plugins. As is typically the case, OpenAI’s launching the new feature in beta, citing the increased potential for unexpected outputs:Continue Reading on Coin Telegraph More

The defendants in the suit are six life sciences companies, the FTX Foundation philanthropical organization, the Latona Biosciences Group “sham” nonprofit, former FTX CEO Sam Bankman-Fried, FTX Foundation head Nicholas Beckstead and Latona head Ross Rheingans-Yoo.Continue Reading on Coin Telegraph More

In a July 20 announcement, Hashdex said Brooks had become the fifth member of its board and will serve as a strategic adviser to the firm. Brooks was the chief legal officer of Coinbase (NASDAQ:COIN) from 2018 to 2020, served as acting comptroller of the currency from 2020 to 2021, worked as the CEO of Binance.US for roughly four months and was the CEO of Bitfury from October 2021 to December 2022. Continue Reading on Coin Telegraph More

In a search for evidence that could back its defense from fraud charges, Terraform’s lawyers filed a motion on July 19 in FTX’s bankruptcy case to access the company’s information about digital wallets used by short sellers between March 2022 and May 2022. Terraform claims its stablecoin failure was a result of a coordinated attack from short sellers, possibly involving Alameda Research, FTX’s sister company.Continue Reading on Coin Telegraph More

This follows the euphoria surrounding Ripple’s partial win versus the U.S. Securities and Exchange Commission, resulting in bullish calls for as high as $15 in the coming months. Continue Reading on Coin Telegraph More

In a July 20 announcement, the FCA said the Digital Sandbox will become available on a permanent basis starting on Aug. 1. The financial watchdog conducted two pilot programs of the initiative, which will be open to businesses, startups and data providers — including those involved in banking, investment, lending and payments.Continue Reading on Coin Telegraph More