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Crypto Retro

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Logo of telegram channel crypto_retro — Crypto Retro
Channel address: @crypto_retro
Categories: Cryptocurrencies
Language: English
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⚡️ The price of cryptocurrency depends on the news ⚡️
🌈 Here you can learn how to make money on cryptocurrencies 🌈
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The latest Messages 13

2023-05-19 22:00:37
Texas proof-of-reserve bill passes through the Senate

Legislation that could require exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” has made it one step closer to becoming law in Texas. On May 15, the bill passed a vote in the state Senate and now awaits only the governor’s signature.

Texas House Bill 1666, amending the Texan finance code, passed through the state’s House of Representatives earlier this year. After three readings in the Senate, the text of the bill hasn’t experienced any significant changes from the previous draft.

Under the amendments, digital asset providers serving more than 500 customers in the state, with at least $10 million of customer funds, would be restricted from comingling the customer funds with any other type of operational capital, and using customer funds for any further transactions besides the original transaction demanded by the customer.
91.9K views19:00
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2023-05-16 22:15:00Libra-related Sui blockchain fixes critical bug that put ‘billions’ at risk

The vulnerability was located in a file that translates human-readable code into machine language for storage.

The Sui blockchain network quietly fixed a bug that could have put “billions of dollars” at risk, according to a May 16 announcement from Zellic, the security firm hired to audit the network’s security.

The bug was in a dependency of the bytecode verifier, which ensures that the human-readable Move language used to write smart contracts on Sui is correctly transcribed into machine code during deployment. Had the bug not been fixed, it could have “allowed attackers to bypass multiple security properties, leading to potentially significant financial damages,” the announcement said.

In a statement to Cointelegraph, Mysten Labs confirmed that the the bug has been fixed in the SUI version of MOVE.

Zellic claimed that the bug may have also been present in other Move-based networks, including Aptos and Starcoin. However, they stated that the Aptos version of it was eliminated with a patch on April 10, according to the Zellic team.

In a conversation with Cointelegraph, a representative from the Move-based 0L network stated that the bug does not affect its version of Move. On May 15, 0L added a series of tests to their GitHub, which it says proves the exploit is not possible on the 0L version. The Starcoin team told Cointelegraph that their version was eliminated on April 5.
87.9K views19:15
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2023-05-16 19:00:05
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87.9K views16:00
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2023-05-14 22:31:06
What is AirDrop?

In the crypto market, the term "AirDrop" is used when a blockchain project or platform distributes cryptocurrencies to its potential investors or users. It is believed that in 80% of cases it is nothing more than a marketing ploy of another crypto platform to attract the attention of future customers.

COBRA is a decentralized fundraising platform with other unique features built on BINANCE SMART CHAIN that helps projects to raise start up fund and promise safety with maximum protection to early stage investors.
57.8K views19:31
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2023-05-13 22:30:00Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly

The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available.

The National Bank of Ethiopia (NBE) has issued a mobile money-service license to Safaricom M-Pesa Mobile Financial Service, it announced May 11. Previously, only Telebirr, part of the state-owned Ethio Telecom network, operated in that market.

Kenya-based Safaricom was also the first company to break Ethio Telecom’s monopoly on Ethiopian mobile phone service in October, through its Safaricom Telecommunications Ethiopia subsidiary. The NBE introduced legislation into the Parliamentary Assembly earlier in 2022 to make the private service possible.

Safaricom Ethiopia currently has almost 3 million users, the company said. That compares to Ethio Telecom’s 54 million users, in a country of 118 million. The government is now reportedly looking to sell a 45% share in Ethio Telecom.

Safaricom reportedly paid $150 million for its license and expects to launch M-Pesa service in the second half of the year. M-Pesa is already available in nine African countries and Afghanistan. It offers financial services to people through their mobile phone, regardless of whether or not they have bank accounts.

Although the legal status of crypto assets in Ethiopia is murky, the country is slowly opening up to greater digitalization in finance. The NBE wrote in its announcement:

The NBE will continue to take measures to deepen Ethiopia's digital finance ecosystem. To this end, we will strongly support the spread of digital payment systems as a substitute for cash-based transactions within the economy.”

Blockchain-based payments platform Fuse has announced plans to bring ChromePay’s decentralized identity service to the country. The local Project Mano organization lobbies for Bitcoin adoption, and the Cardano blockchain has invested heavily in infrastructure for use by government services in the country.
79.9K views19:30
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2023-05-12 22:45:12
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10.2K views19:45
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2023-05-10 23:30:00US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

With the European Union coming closer to passing the Markets in Crypto Assets framework and Kraken in the process of investing in the United Kingdom, lawmakers are taking notice.

Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home.

In a May 10 joint hearing on the future of digital asset regulation, some lawmakers pointed to the European Union’s Markets in Crypto Assets framework and digital asset regulation in the United Kingdom in contrast with the patchwork of requirements in the United States. Responding to questions raised by Oklahoma Representative Frank Lucas, Kraken chief legal officer Marco Santori said the U.S.-based crypto exchange had made plans to invest in the EU and was in the process of investing in the U.K., finding the U.S. regulatory environment difficult to assess.

Other jurisdictions are indeed pushing ahead — they have been pushing ahead,” said Santori. “These are G20 jurisdictions with sophisticated financial services markets, sophisticated technology industries. The U.S. is significantly behind in that respect.

House Financial Services Committee ranking member Maxine Waters said there had been some efforts to establish an “entirely new market structure” for crypto in the United States amid the lack of clarity among regulators including the Commodity Futures Trading Commission and the Securities and Exchange Commission. Wisconsin Representative Bryan Steil added the U.S. Congress was ready to provide crypto regulation, but suggested there was “a much more forward thinking approach” in Switzerland and Europe.

Switzerland provided very early on for a very clear regulatory framework,” said Web3 Foundation chief legal officer Daniel Schoenberger in response to questioning from Steil. “This framework that they provided certainly provided the legal certainty to be headquartered there and to have legal clarity around the classification instantly.”
90.1K views20:30
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2023-05-10 18:00:06AirDAO launches its AirBond Marketplace

AirDAO has launched the AirBond Marketplace after recently holding an airdrop to celebrate the anniversary of its blockchain. The airdrop rewarded the AirDAO community for supporting AirDAO’s blockchain since launching on April 16th, 2019.

Active users who contributed to the AirDAO ecosystem were eligible to receive airdrop rewards. There were five eligibility criteria for the airdrop, with AirDAO rewarding AMB stakers, Node Operators, and users of its blockchain, bridge, and DEX. Eligible participants received BOND tokens — the native token of the AirBond Marketplace. BOND tokens are AMB that is vested and tradable for AMB on the beta of the marketplace.

AirDAO is a community-governed layer one blockchain and ecosystem of web3 dApps, powered by the native token, AMB. AirDAO brings the benefits of Web3 to a global audience with a suite of powerful products in an intuitive, all-in-one interface that makes DeFi more accessible to the average user.

The AirBond Marketplace is now live, and airdrop winners can trade their BOND tokens for AMB.

DYOR: Telegram | Twitter
92.0K views15:00
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2023-05-07 22:00:41
Google engineer concerned about open-source AI gaining edge

According to a critique written by a senior software engineer at Google, the company’s artificial intelligence (AI) development is threatened by the open-source community. The engineer contends that independent researchers in open-source technology are making swift and unforeseen strides in AI technology.

In early April, software engineer Luke Sernau published a document on an internal system. The document was subsequently shared extensively among Google employees over the next few weeks. A source, who requested anonymity as they were not permitted to discuss internal company affairs, claimed that the document had been circulated thousands of times. On Thursday, the document was published by consulting firm SemiAnalysis and began to circulate in Silicon Valley.
102.9K views19:00
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2023-05-06 16:00:05
Revolutionary 'Dunkirk Test' Takes DeFi Security to the Next Level - Find Out How ZkLink is Pioneering the Game-Changing Solution!

https://theblockopedia.com/zklink-pioneers-the-dunkirk-test-to-strengthen-defi-security/?utm_source=telegram&utm_medium=Crypto+Retro&utm_campaign=traffic
110.3K views13:00
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