XRP Ledger Foundation Urges Update Due to Potential Vulnerability
According to Odaily, the XRP Ledger Foundation has identified a potential vulnerability in the latest version of the XRPL JavaScript library used for building applications. The foundation is urging affected projects to update to the patched version of the code. This issue was discovered by Charlie Eriksen, a malware researcher at Aikido Security, who warned that the 'backdoor' could lead to a 'potentially catastrophic' supply chain attack.
Ripple's Legal Battle with SEC Concludes, Marking a Milestone for Crypto
According to Cointelegraph, the United States Securities and Exchange Commission's (SEC) prolonged enforcement action against Ripple has reached its conclusion, as confirmed by Ripple's CEO, Brad Garlinghouse. In a statement shared on X on March 19, Garlinghouse expressed triumph, noting that the SEC's decision to withdraw its appeal signifies a significant victory not only for Ripple but for the broader cryptocurrency sector.
The legal dispute, which has persisted for four years, originated in December 2020 when the SEC filed a lawsuit against Ripple, accusing the company of conducting an unregistered securities offering valued at $1.3 billion. Garlinghouse, in a video accompanying his announcement, emphasized the importance of this resolution, stating, "I'm finally able to announce that the case has ended; it's over." He further remarked on the historical significance of this moment for the crypto industry, suggesting that it paves the way for the United States to become a global leader in cryptocurrency.
The conclusion of this legal battle has had immediate effects on the crypto market. Data from Cointelegraph Markets Pro and TradingView indicate a positive response, with XRP's price surging by 10% following the news of the SEC's withdrawal. This development is seen as a pivotal moment in the crypto sector, potentially influencing regulatory approaches and market dynamics in the future.
As this story continues to unfold, additional details are expected to emerge, providing further insights into the implications of this legal resolution for Ripple and the cryptocurrency industry at large.
The $2 billion investment is: The single largest investment into a crypto companyThe largest investment paid in crypto (stablecoin)And, the first institutional investment in Binance New York - Abu Dhabi, 12 March 2025 – Binance, the world’s largest cryptocurrency exchange, and MGX, the Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2 billion investment. This transaction, the first institutional investment in Binance to date, marks a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance. It is also the single largest investment into a crypto company and the largest investment ever paid in crypto (stablecoin). This investment represents MGX’s first entry into the cryptocurrency and blockchain sectors, securing a minority stake in Binance as part of a broader strategy to support blockchain’s transformative impact on society. By partnering with the leading industry player, MGX aims to enable innovation at the intersection of AI, blockchain technology and finance. Binance has a substantial footprint in the UAE, a nation known for its innovation, progressive cryptocurrency regulation, and clarity in digital asset frameworks. Today, Binance employs approximately ~1,000 of its ~5,000 global workforce in the UAE. As the world's most secure, licensed, and trusted cryptocurrency exchange, Binance leads the industry by a significant margin. It is larger than the next several cryptocurrency exchanges combined by trading volume, boasting over 260 million registered users and surpassing $100 trillion in cumulative trading volume. This investment solidifies Binance’s position at the forefront of the crypto revolution while underscoring MGX’s commitment to enabling AI-powered blockchain solutions, decentralized finance (DeFi), and the tokenized digital economy. Ahmed Yahia, Managing Director & CEO, MGX, said: “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance. As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater. Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments. Together, we are committed to building a more inclusive and robust digital finance ecosystem.” Binance CEO, Richard Teng, added, “This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem.” Richard Teng, who previously served as CEO of the globally recognized Abu Dhabi Financial Services Authority, played a key role in initiating one of the world’s first crypto regulatory frameworks, making his leadership instrumental in Binance’s regulatory strategy. - ENDS - About MGX MGX is a technology investment company focused on accelerating the development and adoption of AI and advanced technologies through world-leading partnerships in the United Arab Emirates and globally. MGX invests in sectors where AI can deliver value and economic impact at scale, including semiconductors, infrastructure, software, tech-enabled services, life sciences, and physical AI. About Binance Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 260 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.%domain%. MGX [email protected] Binance [email protected]
🚨Have you ever heard about "replay attack"? I've been one's victim. 🚨
After 10 years, I finally remembered the password to my Bitcoin wallet. 🎉 Since I held Bitcoin for so long, I also owned its various forks like Bitcoin Cash ($BCH ) and eCash ($XEC ). Naturally, I wanted to consolidate everything into a multi-platform wallet.
As part of this process, I sent my XEC from Electrum ABC to Binance. Everything seemed fine... until 10 minutes later, when I discovered something shocking in my Electron Cash wallet: my BCH balance was gone! 😱💸
This was a classic replay attack. Let me explain: 1. When a blockchain undergoes a hard fork (like Bitcoin splitting into Bitcoin Cash), both chains share the same transaction history up to the split. 📜 2. Transactions valid on one chain can sometimes be replayed on the other chain if proper replay protection isn’t implemented. 🔁 3. In my case, when I sent XEC (eCash) from one wallet, the exact same transaction—same amount, same fee, same hash—was broadcasted on the BCH network. This caused my BCH to be sent to an unintended address. 😓 Perhaps. it should be binded to the same privatekey as XEC address.
Unfortunately, #binancesupport couldn’t help recover my BCH because the recipient address wasn’t under their control. Thankfully, it was only one buck, but it could’ve been much worse! 💔
#CryptoSecurity #BitcoinFork #Write2Earn
If you are more advanced in crypto you can tell me if there is some way to reverse it. I don't suppose so. Anyway, I had emotional bond to my first crypto ever.
BNB Surpasses 700 USDT with a 9.68% Increase in 24 Hours
On Dec 03, 2024, 20:50 PM(UTC). According to Binance Market Data, BNB has crossed the 700 USDT benchmark and is now trading at 701.72998 USDT, with a narrowed 9.68% increase in 24 hours.
Large XRP Transfer Sparks Speculation Amid Market Fluctuations
According to U.Today, a significant XRP transaction was recently detected, involving the transfer of 35 million XRP, valued at approximately $58.29 million, between two unidentified wallets. This movement was reported by Whale Alert, a service that tracks large cryptocurrency transactions. Such transfers often attract attention from market participants, particularly when the addresses involved are unknown, as they can be perceived as potential indicators of price manipulation. Given the current performance of XRP, these transactions could significantly influence investor sentiment.
The transaction was conducted between the addresses "rBEc94" and "rsX8cp," both of which remain unidentified according to the tracking service. However, data from XRPL explorers like Bithomb suggest that these addresses are linked to the large brokerage platform Uphold. Uphold is notable for its continued support of XRP during the regulatory challenges posed by the SEC v. Ripple court case. The platform reportedly holds nearly $3.85 billion in XRP user funds, with a coverage ratio of 100%. XRP trades constitute 26.23% of Uphold's total trading volume, with the number of transactions reaching 22.3 million.
This substantial transfer, amounting to nearly $60 million, appears to be an internal operation of the Uphold platform. Interestingly, the timing of the transfer coincided with a brief fluctuation in XRP's price, which dropped by over 1.5% within six minutes of the transaction but subsequently rose by 1.87%. Such price movements following large transactions can lead to speculation about market manipulation, although in this case, it seems to be a routine internal transfer by a major token platform.
‼️ This will save you from P2P scam ! A must read content ! 🚨 to anyone can happen - 🚨 Scammers are evolving their tricks, and P2P transactions are their latest target. Here’s how this dangerous scam works:
How the Scam Unfolds
1️⃣ You complete a P2P trade: Everything appears normal—payment arrives in your bank account, and you release the crypto. All seems fine. But that’s just the beginning.
2️⃣ The scammer exploits your bank: After the trade, they file a fraudulent dispute with your bank, claiming the payment was unauthorized. Banks, often without consulting you, block your account.
3️⃣ The scammer manipulates you: They contact you, pretending to help resolve the issue. They demand you return the funds they “paid” for your crypto, claiming it’s the only way to unblock your account.
At this stage, you may feel pressured to comply, especially if your account holds more money than the disputed transaction.
⚠️ Real Impact This scam isn’t theoretical—it’s happened to 15 people I personally know, and similar stories are circulating in the Binance community. That’s why I’m sharing this to keep you and others safe.
How to Stay Safe:
Before selling crypto on P2P, follow these 3 golden rules: 1️⃣ Choose reputable buyers: Always trade with users who have 1,000+ completed orders and a 95%+ completion rate.
2️⃣ Read reviews carefully: Look for any negative feedback mentioning scams or suspicious behavior. If you see red flags, avoid that buyer.
3️⃣ Review terms & conditions: Carefully read the buyer’s terms before proceeding. Be cautious of vague or suspicious clauses.
Share Your Story
If you or someone you know has been scammed, please share your experience in the comments. Your story could be the warning someone needs to stay safe.
Protect yourself and others—stay alert and trade smart!
A leading cryptocurrency exchange recently paused XRP withdrawals, sparking concerns among traders regarding the safety of their assets. While withdrawals have since resumed, the incident highlighted ongoing challenges and underscored the importance of asset security during volatile market conditions.
The suspension was first noticed by Edo Farina, a notable figure in the XRP community, who shared his concerns about the sudden halt. Although Binance later clarified that the pause was due to routine wallet maintenance, the lack of immediate communication led to speculation about potential technical or liquidity issues.
During the suspension, many traders found themselves unable to access their XRP holdings amid significant price movements. This inability to capitalize on a dramatic 93% weekly price surge—bringing XRP to $1.14—frustrated investors eager to sell.
Binance eventually reassured users, stating, “The temporary pause in XRP withdrawals was due to routine maintenance of crypto wallets. Such updates are normal and necessary for ensuring smooth operations, similar to updating your phone software.”
This incident serves as a reminder to cryptocurrency investors: during times of extreme price volatility, centralized exchanges may face technical challenges. To minimize risks, experts advise storing assets in cold wallets, emphasizing the principle, “Not your keys, not your crypto.”
As XRP continues to rank as the sixth-largest cryptocurrency by market capitalization, this event highlights the ongoing need for transparency and preparedness in the ever-evolving crypto space.
Bitcoin(BTC) Surpasses 92,000 USDT with a 1.99% Increase in 24 Hours
On Nov 18, 2024, 15:43 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 92,000 USDT benchmark and is now trading at 92,243.992188 USDT, with a narrowed 1.99% increase in 24 hours.
According to PANews, BlackRock, a multinational investment firm and issuer of spot Bitcoin ETFs, has obtained a business license to operate in Abu Dhabi, the capital of the United Arab Emirates. The UAE is known as a popular hub for cryptocurrency activities, although the report did not specifically mention digital assets. Bloomberg noted that this license reflects BlackRock's interest in expanding within regions that are favorable to cryptocurrency.
Charles Hatami, BlackRock's head for the Middle East, stated that the company will focus on private markets and artificial intelligence infrastructure. Additionally, BlackRock is seeking to obtain an operational license in the Abu Dhabi Global Market (ADGM). This move aligns with the firm's strategy to enhance its presence in regions that support the growth and development of digital and financial technologies.