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Happy Friday! Is Binance coin (BNB) now DeFi? No? Founder CZ wants you to think again. If there is one word to decribe DeFi, it's "wild". So much so that "Degens" will - and they did, frontrunned the official company itself in yield-farming a new DeFi governance Token. Another fact to blow your mind? There is now such as thing as "Ransomware-As-A-Service" (RaaS). A new ransomware- Avaddon, offers revenue-sharing for anyone who successfully deploy the software on unsuspecting victims. "RaaS allows hackers to focus their efforts on malware development, rather than finding new places to deploy their attacks" according to cyber intelligence firm, DomainTools. Another interesting point to note also is that these cryptohackers are favoring Monero (XMR) more and more, as Bitcoin (BTC) offers less privacy features. Have a great weekend ahead!

24h Hot searches worldwide 👀 Curve DAO Token  (-8,7%) 2key.network         (+17.4%) Trustswap                 (+5.1%) Ethverse                (+78.1%) DIA                          (-18.1%) Chainlink             (-0.5%) Liquidity Dividend Protocol   (-17.8%) Sponsored Bitcoin and other cryptocurrencies are in high demand, now more than ever. AAX is the world's first crypto exchange to be powered by LSEG Technology, and enables you to invest, trade and manage wealth in a new way. With support for 20+ fiat currencies, 20+ spot trading pairs, derivatives products, lucrative savings products, and more opportunities to generate a passive income. AAX invites you to join the future of finance. Sign up today!

MyEtherWallet Announces Integration With Ren And Aave MyEtherWallet (MEW) announced that it has integrated with Ren (REN) and Aave (LEND). Tthe two protocols will be available on MEW connect, which will allow mobile users to interact with the protocols. MEW currently already support MakerDAO (MKR).  (Editor: Will you be using MEW to access Ren and Aave from your phone now?) Decrypt BitMEX to Implement Mandatory KYC checks Identity verification will be made mandatory for all accounts on BitMEX starting Augest 28th. Users will have to submit roofs of location, trading experience, funds, and more, according to According to Ben Radclyffe, of 100x, the parent company of BitMEX. There will be a six-month grace period to accommodate unverified traders, ending in February 2021. Radclyffe also mentioned that a "good number" of users have already verified their identities voluntarily. CoinDesk MyCrypto will implement checks to stop transactions to scams MyCrypto has released a new feature designed to prevent anyone sending money to scam Ethereum (ETH) addresses - dubbed Protected Transactions.  "Protected Transactions provides a layer of validation for everyone and is way to remove that fear [of sending to scammers] from the equation." - Founder and CEO Taylor Monahan said. The feature announcement also comes with MyCrypto's new paid membership which promises unlimited protected transactions, as well as ad removal and MyCrypto merch. Decrypt

Fiat-Pegged Cryptocurrency Certain cryptocurrencies are pegged to an underlying asset, such as the USD Coin (USDC), which is a stablecoin by Coinbase. A USDC token is issued for every $1 kept in Coinbases' reserve. A pegged cryptocurrency can be pegged to any asset and then issued on a blockchain. As long as the cryptocurrency can be redeemed for the underlying asset, it can be considered as a pegged cryptocurrency. Learn about other Crypto terms here Read more on CoinGecko

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