Top crypto tweets of the day – August 7th

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  TL;DR Breakdown Federal Judge Amy Berman Jackson rejects Binance’s request to limit SEC’s press releases. Binance’s complaint against the SEC’s alleged misleading statements is dismissed. The lawsuit between Binance and the SEC continues, with Binance given until September 21 to respond to the allegations.   Description U.S. District Court Judge Amy Berman Jackson dismissed a motion from Binance.US, Binance Holdings Limited, and CEO Changpeng “CZ” Zhao, seeking to curtail the Securities and Exchange Commission’s (SEC) language use in its press releases about the ongoing case against the crypto exchange giant​. Binance’s legal team argued that the SEC’s public pronouncements about the … Read more U.S. District Court Judge Amy Berman Jackson dismissed a motion from Binance.US, Binance Holdings Limited, and CEO Changpeng “CZ” Zhao, seeking to curtail the Securities and Exchange Commission’s (SEC) language use in its press releases about the ongoing case against the crypto exchange giant​. Binance’s legal team argued that the SEC’s public pronouncements about the company’s handling of customer assets were not only misleading but could also prejudice the jury pool and cause undue market confusion​….

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• UK’s National Crime Agency expands crypto investigation team amid rising crypto crime

  TL;DR Breakdown The UK’s National Crime Agency (NCA) is hiring senior investigators to combat crypto-related crimes, in response to significant losses to crypto fraud in 2022. The NCA has opened multiple positions to strengthen its crypto investigation team and will collaborate with London police and other agencies. The UK is moving towards stricter crypto regulations, aligning with EU rules and public demands for greater oversight in the crypto industry. Description The United Kingdom’s National Crime Agency (NCA) is taking significant steps to combat the rise in crypto-related crimes by expanding its digital assets investigation team. The NCA is hiring four senior investigators for its Complex Financial Crime Team (CFCT) to focus on high-end crypto fraud, money laundering, and other blockchain-enabled crimes carried out by organized … Read more The United Kingdom’s National Crime Agency (NCA) is taking significant steps to combat the rise in crypto-related crimes by expanding its digital assets investigation team. The NCA is hiring four senior investigators for its Complex Financial Crime Team (CFCT) to focus on high-end crypto fraud, money laundering, and other blockchain-enabled crimes carried…

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• Critical Vulnerability in Vyper Exposes DeFi Ecosystem to Stress Tests

  TL;DR Breakdown A critical vulnerability in the Vyper programming language allowed malicious actors to exploit a malfunctioning reentrancy lock, leading to the theft of millions of dollars from several DeFi liquidity pools, including those on Curve Finance. The incident emphasizes the importance of regular security audits, code reviews, and stress testing to protect the funds and users of DeFi protocols and ensure the long-term sustainability of the ecosystem. Description The decentralized finance (DeFi) ecosystem is facing a major stress test following the discovery of a critical vulnerability in versions 0.2.15, 0.2.16, and 0.3.0 of the Vyper programming language. The vulnerability allowed malicious actors to exploit a malfunctioning reentrancy lock, resulting in the theft of millions of dollars worth of cryptocurrencies on July 30. The … Read more The decentralized finance (DeFi) ecosystem is facing a major stress test following the discovery of a critical vulnerability in versions 0.2.15, 0.2.16, and 0.3.0 of the Vyper programming language. The vulnerability allowed malicious actors to exploit a malfunctioning reentrancy lock, resulting in the theft of millions of dollars worth of cryptocurrencies on July…

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• Voyager App to Resume Customer Withdrawals, Initiating Recovery Process

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• US halts WorldCoin operations; Key officials taken into custody, CS confirms

  TL;DR Breakdown US authorities have suspended all operations of the cryptocurrency giant, WorldCoin, and several top officials have been arrested. The Chief Secretary addresses the public, emphasizing the need for regulatory balance in the evolving digital currency landscape.    Description In a surprising turn of events, the cryptocurrency titan, WorldCoin, has come under direct scrutiny by the US government. As operations are halted and key officials are taken into custody, the cryptocurrency market faces yet another turbulence. The unfolding scenario sheds light on the delicate balance between innovation in the digital currency world and regulatory … Read more In a surprising turn of events, the cryptocurrency titan, WorldCoin, has come under direct scrutiny by the US government. As operations are halted and key officials are taken into custody, the cryptocurrency market faces yet another turbulence. The unfolding scenario sheds light on the delicate balance between innovation in the digital currency world and regulatory vigilance. Contents hide 1 US authorities suspend WorldCoin activities 2 Key executives under arrest 3 CS offers insights and assurances 4 Conclusion US authorities suspend WorldCoin activities…

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