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  TL;DR Breakdown A Russian diplomat has confirmed that the newly invited members of the BRICS have accepted the invitation. BRICS members to decide on balance at the next summit. Description The BRICS summit, an annual gathering of member countries Brazil, Russia, India, China, and South Africa, recently concluded its 15th edition in South Africa with significant developments. Notably, the existing five member states extended invitations to six nations to join the group, ushering in a new phase of expansion for the influential bloc. The invitations … Read more The BRICS summit, an annual gathering of member countries Brazil, Russia, India, China, and South Africa, recently concluded its 15th edition in South Africa with significant developments. Notably, the existing five member states extended invitations to six nations to join the group, ushering in a new phase of expansion for the influential bloc. The invitations were accepted, affirming the shared desire to enhance collaboration and cooperation within BRICS. Russian diplomat hails the positive start to the expansion Russian Deputy Foreign Minister Sergey Ryabkov, a prominent figure in the summit, revealed that all…

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• Wall Street-backed crypto exchange EDX Markets launches—here’s what you need to know

  TL;DR Breakdown EDX Markets, a new crypto exchange backed by major financial firms, has launched, offering Bitcoin, Ethereum, Litecoin, and Bitcoin Cash trading. EDX is planning to introduce a clearinghouse, EDX Clearing, to enhance trading efficiencies later this year. Despite regulatory challenges, EDX has raised additional funding from strategic investors for further platform development and market expansion. Description EDX Markets, a novel digital asset marketplace, has officially launched, marking a significant milestone in the cryptocurrency exchange landscape​. This launch represents not just the advent of a new player in the crypto space but also signifies a robust shift in how digital assets are traded. EDX Markets, backed by an alliance of heavyweight investors, … Read more EDX Markets, a novel digital asset marketplace, has officially launched, marking a significant milestone in the cryptocurrency exchange landscape​. This launch represents not just the advent of a new player in the crypto space but also signifies a robust shift in how digital assets are traded. EDX Markets, backed by an alliance of heavyweight investors, including Charles Schwab, Citadel Securities, and Fidelity Digital Assets,…

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• BRICS leaders summit to exclude talk about the currrency

  TL;DR Breakdown The BRICS leaders summit scheduled to hold in Johannesburg will not feature talks about the common currency. The countries will find ways to strengthen their currencies against the dollar. Description As the upcoming BRICS leaders’ summit approaches, the topic of a common currency is not on the agenda for discussion, according to South Africa’s diplomat in charge of BRICS relations, Anil Sooklal. South Africa, the current chair of the group, will be hosting the summit in Johannesburg from August 22 to 24. Instead, the nations, … Read more As the upcoming BRICS leaders’ summit approaches, the topic of a common currency is not on the agenda for discussion, according to South Africa’s diplomat in charge of BRICS relations, Anil Sooklal. South Africa, the current chair of the group, will be hosting the summit in Johannesburg from August 22 to 24. Instead, the nations, which include Brazil, Russia, India, China, and South Africa, will explore ways to use their national currencies and reduce reliance on the U.S. dollar. BRICS leaders summit to hold on August Sooklal clarified that there…

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• Binance continues European clampdown: Privacy coins now delisted in Belgium

  TL;DR Breakdown Binance has ceased trading specific privacy coins like Monero (XMR) and MobileCoin (MOB) for its Belgian users in response to local regulations. Earlier in the year, the exchange made similar moves in France, Italy, Poland, and Spain, reflecting the broader European concerns about anonymous crypto transactions. As the European Union intensifies its stance on money laundering linked with anonymous crypto transactions, Binance proactively aligns its operations by delisting privacy coins in several European countries, including Belgium. Description The quest for privacy often clashes with regulatory scrutiny in the rapidly evolving world of cryptocurrency. Binance, the world’s largest cryptocurrency exchange, has again demonstrated its commitment to adhering to regional regulations by delisting certain privacy coins in Belgium. This move closely follows similar actions in other European countries, showcasing the growing tension between enthusiasts … Read more The quest for privacy often clashes with regulatory scrutiny in the rapidly evolving world of cryptocurrency. Binance, the world’s largest cryptocurrency exchange, has again demonstrated its commitment to adhering to regional regulations by delisting certain privacy coins in Belgium. This move closely follows…

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• Lido DAO (LDO) token contract flaw puts millions at risk—crypto security firm issues critical alert

  TL;DR Breakdown Cryptocurrency security firm SlowMist identified a critical security flaw in the LDO token contract, which has been exploited for “fake deposit” attacks on exchanges. The contract deviates from the ERC20 standard, allowing for transfers that exceed the user’s actual holdings. SlowMist recommends several precautionary measures for exchanges, including additional verification of return values from token contracts, comprehensive analysis of token contract codes, and regular code audits and security checks. Description Cryptocurrency security firm SlowMist recently issued an alert about a security flaw in the LDO token contract, which hackers have exploited to conduct fraudulent deposit attacks on exchanges. The flaw lies in the contract’s non-compliance with the ERC20 standard, which typically mandates that a transfer transaction must be reversed if the sender lacks sufficient funds. … Read more Cryptocurrency security firm SlowMist recently issued an alert about a security flaw in the LDO token contract, which hackers have exploited to conduct fraudulent deposit attacks on exchanges. The flaw lies in the contract’s non-compliance with the ERC20 standard, which typically mandates that a transfer transaction must be reversed if…

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