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LBank Weekly Listing Report, 11TH July 2022

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Lbank Weekly Listing Report, 11Th July 2022
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As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities.

New Listings on LBank Exchange

Scheduled this week starting on11thJuly.

For a more complete list please follow our twitter@LBank_Exchange

  • Project:CART
  • Listing date:13thJuly
  • Key words:Others, Initial listing,BSC
  • Official Website: https://carypto.io/

About:

Carypto project is divided into two ways: D2E (Driver to Earn) App and Big data related to Drive.This chapter is about the content related to the Carypto App, which is the basis of D2E.MultiBUS application is for all drivers all around the world.Carypto aims to be a multiverse blockchain project that connects the metaverse and the real world.

About:

DST token is a governance token of DoubleSwapDex.It is used as a key token for staking and pair pool formation.

  • Project:BHCT
  • Listing date:14th July
  • Key words:Others,Initial listing, Mainnet
  • Official Website:https://bhct.co.kr/

About:

BHCT is a coin project under BH Global that was developed to establish a payment system used by BH Global and its partners, including medical payment services, mining theme park payment services, and complex shopping mall payment.

  • Project:WEI
  • Listing date:14th July
  • Key words:DeFi, Metaverse, Initial listing,BSC
  • Official Website:https://weicrypto.com/

About:

WEI coin is the central asset of WEIcrypro ecosystem, buliton the basis of two-level blockchain technology.  WEI transaction takes no more than a few seconds, while PoSe mining algorithm allows to reduce negative stress on the environment. To stimulate circulation of WEI as a means of payment, WEIcrypto has developed a WEIback mining algorithm that allows you to mine WEI by making purchases and sales.

About:

FOF Coin by Ngel Partners Pte. Ltd., will be one of the most versatile cryptocurrency tokens. It will play a key role in multiple projects, including the financial business, Defi, eCommerce, and metaverse projects. Backed by an experienced team with a finance, blockchain, and marketing background, FOF Coin will be one of the most ambitious projects in the cryptocurrency space.OVERVIEW: Major Uses for FOF Coin FOF Coin will be used in the four foundation projects. It will give the FOF coin immense value as it is involved in many fast-growing industries, including finance, eCommerce, and the Metaverse:TheNgel Foundation will create and operate various financial operations, including asset management,FX& CFD arbitrage, cryptocurrency trading, copy trading, futures trading, options trading, and derivatives education. The foundation received its license from the Malaysia Labuan Financial Agency for Cryptocurrency and Financial Businesses.

  • Project:MTH
  • Listing date:15th July
  • Key words:Others, Listed on Mercatox,ERC20
  • Official Website:https://monetha.io

About:

Monetha is a platform that lets users get rewards for their data. It enables users to earn rewards for sharing their profiles with merchants they shop at. The rewards can be used as discounts for future purchases across the Monetha marketplace or redeemed for other benefits (gift cards, vouchers, or crypto).

When a user chooses to apply their data, our platform will facilitate peer-to-peer data exchange with businesses, which will personalize the user experience and optimize the marketing efforts of the businesses.

Summary of Last Week’s Listings –July4th to July10th, 2022

About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 7 million users from more than 210 regions around the world.

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Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

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CertiK Uncovers Suspicious $2.4M Payments Into Tornado Cash

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Certik Uncovers Suspicious $2.4M Payments Into Tornado Cash
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  • The money movement is linked to the October 2021 BXH Exchange breach.
  • GitHub reinstated the Tornado Cash code in “read-only” mode.

On Saturday, crypto security company CertiK said that it had uncovered a suspicious $2.4 million payment into the cryptocurrency mixer Tornado Cash. Information suggests the money movement is connected to the October 2021 BXH Exchange breach. It resulted in a loss of $139 million. Although the U.S. Treasury’s Office of Foreign Asset Control (OFAC) has placed sanctions on the crypto mixer. However, the exchange is still being used to move money.

The theft of over 4,000 ETH worth $139 million from the BXH Exchange at the end of October is likely connected to the transfer of funds.

Hackers Defying Sanctions

The address 0x158F5 is held by a third party and used the Binance Smart Chain and Avalanche staking contract’s privileged method to retrieve staked tokens and withdraw cash. The tokens were then transferred to Ethereum using the address.

CertiK reports that the staking contract holding the funds and locations was previously released by a Telegram group formed by persons affected by the BXH Exchange. Tokens with a bridging ERC-20 standard were converted to ETH at the address in question. To date, almost $2.4 million in value has been transferred into Tornado Cash, represented by 1865 ETH tokens.

Even after the Office of Foreign Asset Control at the U.S. Treasury banned suspicious transactions on Tornado Cash in August, the service is still accepting them. The crypto mixer platform has just received a transfer of 500 thousand DAI from EOA 0x0B789. The money transfer was associated with an exploit in DAO Maker.

After receiving confirmation from the Office of Foreign Asset Control of the United States Treasury, GitHub reinstated the Tornado Cash code in “read-only” mode.

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Whale Alert: 270 Million XRP ($130M) Bought by Whales

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Ripple (Xrp) Price Jumps To New Four-Month High
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  • The largest ever buy was on the Bitso crypto market for 54.1 million XRP.
  • XRP prices have increased by around 50% during the last week.

The native XRP token of Ripple has seen the most growth over the previous seven days. While Bitcoin and Ethereum have both had big price declines recently, XRP has seen a sharp increase. The current price increase of XRP may be attributed to a number of factors. Whales hoarding Ripple tokens is one instance.

Tokens worth around $130.2 million in XRP, almost 270M XRP have been transmitted from several cryptocurrency exchanges to many unknown addresses in the past 24 hours, according to data from Whale Alert. The largest ever buy was on the Bitso crypto market for 54.1 million XRP. Approximately $27.5 million worth of XRP coins were purchased by Whale all at once.

High Volatility Expected After Judgement

However, whales have been buying up XRP on the Bitstamp platform to the tune of nearly $84.1 million. To their XRP holdings, whales have just added more than $41.4 million over many trades. Meanwhile, a massive transaction involving 132 million XRP (about $62.1 million) was also spotted by the whale tracker.

Since the SEC and Ripple submitted their summary judgement papers, there has been a dramatic increase in the whale stockpiling of XRP tokens. The current increase was caused by new court documents. It also noted a surge in the number of active addresses holding between 1 and 10 million XRP tokens in late 2022.

On the other hand, XRP prices have increased by around 50% during the last week. Since word of the case’s resolution circulated favorably across the market, this is the result. At this moment, the price of XRP is $0.5015 as per CMC.

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XRP Investors Optimistic Following Summary Judgement Filing

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California Governor Vetoes Crypto Regulation Bill

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Following Aftermath Of Recent Slump Bitpanda Announces Workforce Layoff
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