Crypto Daily Roundup: BNB Chain Suffered Copycat Attacks

In this article, let's discuss some developments in the crypto world over the past 24 hours

Optty, the world's first universal payments platform, today announced a new partnership with Triple-A, a licensed crypto payment gateway, to add cryptocurrency as a payment option on the platform. Bitcoin moved higher slightly but remained below the 29,500 mark, while Ethereum also posted gains on similar lines and managed to hold $ 1,850 levels. The global cryptocurrency market cap was trading slightly higher, rising up to the $1.19 trillion mark as it gained less than a percent in the last 24 hours. With this crypto daily roundup, you can jumpstart your day with the latest updates on cryptocurrencies like Bitcoin, Ethereum, and more.

Crypto Price Movement

Bitcoin moved higher slightly but remained below the 29,500 mark, while Ethereum also posted gains on similar lines and managed to hold $ 1,850 levels. Dogecoin has recorded a 1.89 percent decline in the last 24 hours, reaching the mark of $0.07864. Ripple also recorded a 24-hour loss of 0.9 percent but quickly recovered after falling below the mark of $0.7. The global cryptocurrency market cap was trading slightly higher, rising to the $1.19 trillion mark as it gained less than a percent in the last 24 hours.

Ethereum's MEV Activities Could Face Prohibition

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

SEC Asked Coinbase to Stop Trading in Cryptocurrencies

The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN.O) to stop trading in all cryptocurrencies other than bitcoin prior to suing the cryptocurrency platform in June, the Financial Times reported on Monday, citing Chief Executive Brian Armstrong. 

Recently, David Duong, the head of institutional research at Coinbase, one of the leading U.S. crypto exchanges, shared his concerns about the potential impact of macroeconomic factors on the crypto markets.

In a conversation with crypto analyst Scott Melker, Duong highlighted the strengthening U.S. dollar and the relatively aggressive stance of global central banks as potential short-term challenges for the crypto markets.

Optty partners with Triple-A: Partnership adds cryptocurrency as a payment option

Optty, the world's first universal payments platform, today announced a new partnership with Triple-A, a licensed crypto payment gateway, to add cryptocurrency as a payment option on the platform. As the central hub connecting and streamlining a robust global network of Buy Now Pay Later (BNPL) providers, this milestone marks the launch of Optty's sixth payment architecture, further expanding viable payment options for merchants and convenience for their end customers.   

"As the world's first true universal payments platform, Optty is agnostic and supportive of payments inclusion, a unique position that is designed to help retailers offer more choice than ever at checkout," said Natasha Zurnamer, CEO and founder of Optty. "With one simplified integration, not only can retailers access over 90 BNPLs and local payment methods in over 120 countries — they can now switch on crypto payments, a natural progression in our aim to simplify payments for retailers all over the world."   

The BNB Smart Chain has reportedly suffered copycat attacks

The BNB Smart Chain (BSC) has reportedly suffered copycat attacks due to a vulnerability in the Vyper programming language, following a similar vein to the exploit on the decentralized finance (DeFi) protocol Curve Finance.

Amid the exploits carried out on Ethereum, Blockchain security firm BlockSec tweeted on July 30 that around $73,000 worth of cryptocurrencies on BSC across three exploits had also been stolen.

Rep. George Santos tried to broker a cryptocurrency transaction

Rep. George Santos (R-NY) tried to broker a cryptocurrency transaction with a political donor while running for Congress in 2020, according to a New York Times report. In the previously unreported incident, Santos teamed up with Republican supporters to pitch a complex cryptocurrency investment scheme to a loyal donor during his first unsuccessful House bid.

Santos and three associates claimed a wealthy Polish citizen wanted to buy crypto, according to the Times, but his funds were mysteriously frozen in a bank account. They asked the donor, a wealthy investor himself, to create a limited liability company that could supposedly gain access to the frozen money.