“Copycat Attacks Target BNB Chain”


In the last 24 hours, the crypto world has seen some interesting developments. Optty, the world’s first universal payments platform, announced a new partnership with Triple-A, a licensed crypto payment gateway, to add cryptocurrency as a payment option on their platform. Bitcoin rose slightly but remained below the 29,500 mark, Ethereum also recorded gains and held around $1,850, and the global cryptocurrency market cap was up just under 1%, to $1.19 trillion.

In terms of price, Bitcoin moved higher but stayed below 29,500, while Ethereum gained and held the $1,850 level. Dogecoin, however, was down 1.89%, to $0.07864, and Ripple had a 24-hour loss of 0.9%, dropping to below $0.7.

Patrick Hansen, a Circle executive, raised concerns that those involved in Maximal Extractable Value (MEV) activities on Ethereum and other smart contract platforms could be banned from operating in the European Union (E.U.) once the Markets in Cryptoassets (MiCA) regulation comes into effect. The E.U. has proposed the Markets in Crypto-Assets (MiCA) regulations, to provide legal clarity and consumer protection for cryptocurrencies and crypto-assets in the E.U.

The U.S. Securities and Exchange Commission (SEC) asked Coinbase (COIN.O) to stop trading in all cryptocurrencies other than bitcoin before they sued the platform in June. David Duong, the head of institutional research at Coinbase, shared his thoughts on the potential impact of macroeconomic factors on the crypto markets, such as the strengthening U.S. dollar and the relatively aggressive stance of global central banks.

Optty’s partnership with Triple-A allows merchants to switch on crypto payments, with one simplified integration. Meanwhile, the BNB Smart Chain has reportedly experienced copycat attacks due to a vulnerability in the Vyper programming language, with around $73,000 worth of cryptocurrencies stolen. Lastly, Rep. George Santos (R-NY) attempted to broker a cryptocurrency transaction with a political donor while running for Congress in 2020.

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