Commodity Futures Trading Commissioner (CFTC) Caroline Pham has made the proposal to create an office of the retail advocate for aiming the expansion of CFTCs consumer protection mandate, as reported by Cointelegraph.

According to Cointelegraph, Pham made the reference to the office in a speech given at an event hosted by blockchain project Corda recently, which made suggestions that recent events around cryptocurrency make retail protection a pressing issue.

The crypto crash, risk management failures, and substantial retail losses, gives urgency to the need to balance innovation with retail protection and appropriate regulation, Pham stated.

On the basis of information by Cointelegraph, Pham has given recommendations for the model around the proposed office on the Security and Exchange Commissions (SEC) Office of the Investor Advocate, making the point of a tried-and-true way to advance customer protection. As mentioned by Pham, the SECs office has four core functions which are policymaking, assist retail investors resolve problems with the SEC or self-regulatory organisations, support advisory committees, along with studying investor behaviour and conducting research and economic analysis.

It might still be early, but there are promising use cases if we can achieve blockchain stability and scalability across layer 1, 2, or whatevers next, Pham emphasised.

Moreover, Cointelegraph noted that these fundamentals help with initial determination whether something is a security, diminishing systemic risks such as the liquidations around the collapse of Terra, protection of customers and the retail public, providing transparency, and addressing conflicts of interest. The proposal aims to show CFTCs efforts to increase authority over cryptocurrency markets and receives calls from the community and United States lawmmakers around clarity on cryptocurrency regulations. Reportedly, the CFTC has been subjected to criticism post its regulation by enforcement over the Ooki DAO case, with the community making comparisons to the regulation by enforcement tactics seen during the SECs management of the Ripple case.

(With insights from Cointelegraph)

Also Read: Crypto market turns red amid fear of economic recession; Ethereum drops seven percent

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CFTC suggests unit for cryptocurrency protection of retail investors - The Financial Express

Over the past 24 hours, Quant's QNT/USD price rose 8.09% to $127.19. This continues its positive trend over the past week where it has experienced a 20.0% gain, moving from $102.86 to its current price. As it stands right now, the coin's all-time high is $427.42.

The chart below compares the price movement and volatility for Quant over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Quant's trading volume has climbed 193.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.55%. This brings the circulating supply to 13.41 million, which makes up an estimated 91.8% of its max supply of 14.61 million. According to our data, the current market cap ranking for QNT is #36 at $1.68 billion.

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Cryptocurrency Quant's Price Increased More Than 8% Within 24 hours - Quant (QNT/USD) - Benzinga

The cryptocurrency market has spent the majority of 2022 in the fear zone, with a majority of that time being spent in a state of fear. In reality, there has been a lot of concern in the cryptocurrency market and prior to the big rise in the price of digital currencies like Bitcoin in August, the industry had a record-breaking stretch of severe panic.

Some significant dates that the on-chain analytics company Santiment believes could have an impact on bitcoin prices have been shared on Twitter. They cite the calendar of significant macro events that are expected to affect crypto.

These are very crucial dates to pay attention to because of the continuing close link between digital assets and stocks.

The FOMC meetings are a high risk period for Bitcoin, according to market analysts, thus the dates are important. The price of Bitcoin trended lower and then increased after Fed Chair Jerome Powells speech, following a pattern that was observed this year in May, June, and July, eight to ten days before the FOMC meetings.

The schedule of key macro events that will likely have an impact on #crypto. As the correlation between digital assets and #equities remains tight, these are vitally important dates to keep an eye on. https://t.co/pFlTf8k4kk

The CPI announcement on October 13 and the FOMC meeting on November 2 are considered to be the most crucial dates, according to Arcane Research. During the FOMC meeting last week, BTCs intraday volatility soared to new heights.

This shows the value of keeping an eye on significant macro events, therefore you should already mark the release of the September U.S. CPI on October 13 and the next FOMC press conference on November 2 in your calendar, which was stated inTwitter comments.

BTCs intraday volatility during last weeks FOMC meeting reached record highs.

This shows why its worth paying attention to important macro events, and you should already mark the Sept U.S. CPI release on Oct 13th and the next FOMC press conference on Nov 2nd in your calendar! pic.twitter.com/tIZqrlpORf

According to Santiment, the remaining release dates for the U.S. CPI are October 13, November 10, and December 13. The FOMC will meet on October 12 (Fed FOMC meets), November 2 (Fed FOMC will decide on the interest rate), November 23 (Fed FOMC will release its minutes), and December 14 (Fed FOMC will meet).

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Key Macro Events That Will Likely Impact Cryptocurrency Market In October! Heres the Time-Line - Coinpedia Fintech News

More than 13,000 people spent Tuesday night in shelters run by the American Red Cross and its affiliates around Florida in an attempt to flee Hurricane Ian.

The storm, a dangerous Category 4 hurricane, is currently making landfall in Florida and will cause devastating storm surges, windsand flooding.

According to the National Hurricane Center, the storm will have an impact on the entire state of Florida, with storm surges of 12 to 16 feet in some places along the southwestern shore.

Additionally, 18 inches of rain may fall in some areas of Florida. There are evacuation orders in place for more than 2 million people. The Sunshine State has not experienced a significant storm since 2018.

At a press conference, Florida Governor Ron DeSantis stated that the remainder of Wednesday and Thursday will be difficult for the state.

Read Also:With Hurricane Ian About To Slam Florida, Which Insurance, Bank Stocks Are Most Exposed?

DeSantis noted that its more helpful for people to donate financially than send items for those of you who have extra cryptocurrency that youd like to donate, here is a list of nonprofits that accept crypto donations that are providing relief to those affected.

Further, donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money.

1. Convoy of Hope is a faith-based, nonprofit organization with a mission to feed the world through childrens feeding initiatives, community outreachand disaster response.

Integrity and openness in financial practices are Convoy of Hopes highest priorities. Convoy pledges to wisely steward entrusted resources by using every dollar to its fullest potential. More than 92% of Convoy of Hopes 2020 income has funded programs empowering and serving vulnerable people.

2. World Central Kitchen (WCK) uses the power of food to nourish communities and strengthen economies in times of crisis.

Founded in 2010 by Chef JosAndrs, WCK has created a new model for disaster response through its work helping devastated communities recover and establish resilient food systems.

3. Project HOPE places power in the hands of local health care workers to save lives around the world.

It works on the front lines of the worlds health challenges, partnering hand-in-hand with communities, health care workersand public health systems to ensure sustainable change.

4. Team Rubicon serves communities by mobilizing veterans to continue their service, leveraging their skills and experience to help people prepare, respondand recover from disasters and humanitarian crises.

Withmore than 150,000 volunteers, in just over a decadeTeam Rubiconcompleted more than 930 response and disaster mitigation operations in 26 countries (as of August 2021).

5. The Disasters & Conflict Impact Index Fund supports nonprofit organizations that work to deliver emergency relief after natural disasters and conflicts across the U.S. and worldwide.

It vets every nonprofit in the Impact Index Fund, so you can be certain every dollar of your crypto donation will go to verified nonprofits.

Photo: World Central Kitchen/WCK.org

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How You Can Put Your Crypto To Good Use: Hurricane Ian Nonprofits That Accept Cryptocurrency - Benzinga

Amazon recently lost control of IP addresses it uses to host cloud services and took more than three hours to regain control, a lapse that allowed hackers to steal $235,000 in cryptocurrency from users of one of the affected customers, an analysis shows.

The hackers seized control of roughly 256 IP addresses through BGP hijacking, a form of attack that exploits known weaknesses in a core Internet protocol. Short for border gateway protocol, BGP is a technical specification that organizations that route traffic, known as autonomous system networks, use to interoperate with other ASNs. Despite its crucial function in routing wholesale amounts of data across the globe in real time, BGP still largely relies on the Internet equivalent of word of mouth for organizations to track which IP addresses rightfully belong to which ASNs.

Last month, autonomous system 209243, which belongs to UK-based network operator Quickhost.uk, suddenly began announcing its infrastructure was the proper path for other ASNs to access whats known as a /24 block of IP addresses belonging to AS16509, one of at least three ASNs operated by Amazon. The hijacked block included 44.235.216.69, an IP address hosting cbridge-prod2.celer.network, a subdomain responsible for serving a critical smart contract user interface for the Celer Bridge cryptocurrency exchange.

On August 17, the attackers used the hijacking to first obtain a TLS certificate for cbridge-prod2.celer.network, since they were able to demonstrate to certificate authority GoGetSSL in Latvia that they had control over the subdomain. With possession of the certificate, the hijackers then hosted their own smart contract on the same domain and waited for visits from people trying to access the real Celer Bridge cbridge-prod2.celer.network page.

In all, the malicious contract drained a total of $234,866.65 from 32 accounts, according to this writeup from security firm security firm SlowMist and this one from the threat intelligence team from Coinbase.

Coinbase TI analysis

The Coinbase team members explained:

The phishing contract closely resembles the official Celer Bridge contract by mimicking many of its attributes. For any method not explicitly defined in the phishing contract, it implements a proxy structure which forwards calls to the legitimate Celer Bridge contract. The proxied contract is unique to each chain and is configured on initialization. The command below illustrates the contents of the storage slot responsible for the phishing contracts proxy configuration:

Coinbase TI analysis

The phishing contract steals users funds using two approaches:

Below is a sample reverse engineered snippet which redirects assets to the attacker wallet:

Coinbase TI analysis

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How 3 hours of inaction from Amazon cost cryptocurrency holders $235,000 - Ars Technica

Over the past 24 hours, Chainlink's LINK/USD price rose 7.34% to $8.36. This continues its positive trend over the past week where it has experienced a 17.0% gain, moving from $7.09 to its current price. As it stands right now, the coin's all-time high is $52.70.

The chart below compares the price movement and volatility for Chainlink over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Chainlink's trading volume has climbed 52.0% over the past week along with the circulating supply of the coin, which has increased 0.24%. This brings the circulating supply to 491.60 million, which makes up an estimated 49.16% of its max supply of 1.00 billion. According to our data, the current market cap ranking for LINK is #21 at $4.11 billion.

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Cryptocurrency Chainlink's Price Increased More Than 7% Within 24 hours - Chainlink (LINK/USD) - Benzinga

If you want to exchange your 0.07 ETH to USD, there are a few ways to do it. Here are the most popular methods:

Ethereum is a decentralized platform that runs smart contracts and provides a cryptocurrency token called Ether. The blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.

Ethereum allows developers to build and deploy their own decentralized applications on the platform. This has led to the creation of many new decentralized apps like CryptoKitties.

Ethereum is one of the most popular cryptocurrencies in the world and is still considered to be in its early days. Many people are interested in investing their money into this digital currency. In this article, we will discuss how to buy Ether before its too late. We will also go over some tips and tricks that can help you get your hands on some of the digital currency before others do. Its not too late to buy Ether yet, but with such a high price tag, it might be wise to act now rather than later.

To exchange your ether for other cryptocurrencies, you need to go to an exchange site. These sites are easy to find, as they are all over the internet. You can also use a cryptocurrency wallet service like Coinbase or Exodus to exchange your ether for other coins.

Exchange your ether for other crypto coins:

There are many different types of Ethereum wallets and exchanges. This article will help you find the best one for your needs.

Ethereum is a popular cryptocurrency that has a lot of potential in the future. Cryptocurrency is not only used as an investment tool but also as a method to make transactions online. The popularity of Ethereum has led to the creation of many different types of wallets, exchanges, and other platforms that allow users to trade cryptocurrency.

There are two kinds of Ethereum wallets software and hardware wallets. Software wallets are installed on your computer or phone and they store your private keys. Hardware wallets are physical devices that can hold your private keys and they usually connect to a computer or phone via USB cable. The reason why a hardware wallet is more secure than a software wallet is because its harder for hackers to steal your coins if they dont have physical access to your hardware wallet.

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How to Exchange ETH Cryptocurrency To USD - The Tech Outlook

Note from the editor: We here at The Tartan take our journalism very seriously. As such, we would like to sincerely apologize for an inaccurate assertion we made in our last issue of Pillbox. In our reporting on the multi-enfabulator, we erroneously claimed that the panametric fan consisted of hydrocoptic marzelvanes. The enfabulator project team asked us to clarify that vanes are an obsolete technology; the new panametric assembly actually uses a marzel-type fitting with a low slip coefficient to house a reductive chafe-membrane. We deeply apologize for any confusion this has caused. The junior staff writer responsible for the mistake has been locked in the Wasp Room until further notice.

Last week the CMU Crypto Cats, a cryptocurrency-based student organization, made an announcement saying they had finalized development on an original cryptocurrency that they call AndyCoin.

The most novel aspect of this currency is the design of its "blockchain." For those unfamiliar, blockchains (also known as "Distributed Ledger Technology") are the means by which a cryptocurrency operates. Simply put, they are a ledger of every transaction that occurs with the associated cryptocurrency. The blockchain gets stored on hundreds, if not thousands of different computers, meaning that the official tally of who has how many coins is distributed among many different people this is how they keep the record decentralized. Anytime somebody wishes to transfer cryptocurrency, their request must be approved by every computer on the network before a new transaction is appended to the end of the blockchain. As long as all the versions of the blockchain agree, people can freely trade crypto without the need for a central authority.

In their announcement, the Crypto Cats explain their work. "With data obfuscation, procedural obtuseness, and consumer-end price volatility as our primary goal, work has been proceeding on developing a novel blockchain protocol that would maximize speculative financial contributions while also inflating the apparent individual commodity value. The value of AndyCoin in conventional fiat currency is realized through an innovative process that converts asset bundles from recent investors into payout for earlier contributors." They also explain their motivation, claiming, "we wanted to spread the gospel of Web3 and crypto to the students of Carnegie Mellon University, and what better way than to create a CMU-centered cryptocurrency?" According to their announcement, their end goal is to phase out flex-cash and replace it entirely with AndyCoins. "Students will soon be able to buy into this exciting new currency, and those who adopt early may even make a small profit once we see widespread acceptance."

The only new principle involved is that instead of the blockchain relying on proof-of-stake verification, the chain operates on a micro-bid-oriented matrix-scape wherein any front-end certifications are initially sent downstream to the public DAO server (provided that the bid tokens are still functionally fungible at the moment of a transaction). After a user sends a transaction request, a new appendage is made to the ledger after its vector multiples are consummated. The user is then sent an aggregated metadata packet which gets reoriented into a unique 64-bit hash ledger, allowing their crypto wallet to receive the appropriate funds. Spontaneous executions within the liminal void space are of course a concern, however the wire-stack permits integration of a null-key by verified DAO accounts to mitigate the effects of this. Furthermore, Linux-based aggregation dummies are entirely forbidden to minimize the need for null-admin interventions. A lymphatically-driven class arbitrator will also be semantically employed to prevent a consensus fork in the chain, thus encouraging token stability.

When asked what inspired this revolutionary new procedure, the team leader cited the principle of "minimally distal bar sequences'' pioneered by Herbert Simon. This principle, developed by legendary Carnegie Mellon University computer science professor Herbert Simon (the namesake of Newell-Simon Hall), demonstrates that low-echelon bin operators will always arbitrate the nearest local bar sequence in a skew-framework. The Crypto Cats have ingeniously employed this principle in such a way that the blockchain can more efficiently integrate the proximal components of the distal command network.

The announcement has also garnered attention from the founder of Ether, Vitalik Buterin, who attended a recent conference hosted by the Crypto Cats. "I'm so excited to see the future of computing getting so involved with Web3. Carnegie Mellon has been at the forefront of computer science for decades, and these kids are continuing that tradition by revolutionizing the efficiency with which blockchains can concentrate crypto-backed assets among select stakeholders". He added, "I'm particularly interested to see how these new ideas might be integrated into the metaverse".

Such exciting news. At any rate, this reporter is sold on the idea, and I look forward to the prospect of minting an NFT of Farnam Jahanian on the AndyCoin blockchain. To the moon!

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Carnegie Mellon University Students Create New Cryptocurrency, dubbed AndyCoin - CMU The Tartan Online

The Korea Financial Intelligence Unit announced on Sept. 26 that the aggregate value of the domestic cryptocurrency market dropped 58 percent to 23 trillion won in the first half of this year, when the number of cryptocurrencies in the market increased from 1,257 to 1,371.

According to the unit, the average daily trading value more than halved from 11.3 trillion won to 5.3 trillion won in the first half. The total won deposit as an investment demand indicator decreased from 7.6 trillion won to 5.9 trillion won and the operating profit of domestic cryptocurrency exchanges and related companies plummeted from more than 1.64 trillion won to 0.63 trillion won, it said.

The aggregate market value hit an all-time high in November last year and then kept falling until the end of June this year. The value fell below 40 trillion won with the Terra scandal in May and dipped below 30 trillion won with the bankruptcy of Celsius in June.

In the first half of this year, the number of cryptocurrency exchange users increased 24 percent to 6.9 million. More than 20 percent of the users are males in their 30s and those in their 30s and 40s account for 31 percent and 26 percent of the total, it said, adding that 68 percent of the customers are males.

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Cryptocurrency Market Halves in H1 This Year - BusinessKorea