Sat - 15 July

15 Jul | 1:30 PM

Headlines for today: •Binance Facilitates Crypto Trading In Indian Rupees • Coinbase Wallet Introduces Messaging Feature• Polygon Labs proposes replacing the ‘MATIC’ token with upgraded ‘POL’ • Brazilian CBDC Pilot Source Code Includes Methods To Freeze, Drain Wallets

📈 Binance Facilitates Crypto Trading In Indian Rupees: Get ready for a crypto shopping spree in India! 🇮🇳💰 Binance has just unleashed a game-changing feature that lets you buy and sell cryptocurrencies using good ol' Indian rupees. 💸💎 Whether you prefer transferring funds through local bank accounts, rocking digital payment services like Google Pay, or even going old-school with cash payments, Binance has got you covered. 🏦💳 Acting as the ultimate middleman, they provide an "escrow service" that connects Indian buyers and sellers on a supercharged offshore platform while settling payments in rupees. 🤝🚀 Binance is playing it safe by not holding any rupee bank accounts, and since cryptocurrencies aren't considered legal tender, they're not breaking any laws. 🚫💼 However, here's the plot twist: while Binance keeps things legal, some traders promoting these transactions might unknowingly stray into the forbidden zone of exchange control regulations and anti-money laundering protocols. 😱💣 So, how does it all work? Sellers sell their precious crypto from their Binance wallet to eager buyers in India, who receive the digital goodies in their own Binance wallet and settle the bill in rupees.

📧 Coinbase Wallet Introduces Messaging Feature: 💬💰 Coinbase is unleashing a mind-blowing transformation of their self-custody wallet into a full-fledged encrypted messaging service. 🚀🔒 They're going all out, claiming the crown as the ONLY wallet with built-in messaging powered by XMTP, a super fancy web3-based decentralized communications network. Now you can chat securely and in style! 💪✉️ But that's not all, my friend. Coinbase is bringing the heat by letting you search for those oh-so-fancy human-readable Ethereum addresses. 😎 Oh, and did we mention that setting up Coinbase Decentralized ID (cb.id) addresses is absolutely FREE? Yep, you heard it right! 🆓 In a series of electrifying tweets, Coinbase spilled the tea on their interoperable messaging magic. You can effortlessly slide your chats between the Coinbase wallet and other XMTP-powered apps like Lenster or Orb. Also, Your chats are your little secrets – Coinbase has zero access to them. They're protected by top-notch end-to-end encryption and stored securely in XMTP's decentralized communication network. Privacy? Check! 👀 

🪙 Polygon Labs proposes replacing the ‘MATIC’ token with upgraded ‘POL’: Polygon Labs just dropped a bombshell! 🚀 They're taking their MATIC token to the next level with the introduction of the mighty POL token! 💥🔥 This bad boy is going to be the native asset of the entire Polygon ecosystem, playing a major role in coordinating and motivating everyone in the community. With a whopping 10 billion tokens solely dedicated to migrating from MATIC to POL, it's clear that they mean business! And get this, POL will have an annual emission rate of 2% to keep the validators happy and the community treasury stacked. 🌟 But wait, there's more! The layer2 network predicts a wild ride for POL's price, with a potential average of $5 in the next 10 years! As adoption skyrockets, Polygon envisions up to 25 public chains and over 3000 supernets coming into play. It's going to be an absolute frenzy! Holders of POL won't just be sitting pretty either. They'll get to be validators across multiple chains, enjoying different roles and all the sweet rewards that come with them. 🏆 And don't worry if you're currently holding MATIC, because you'll have plenty of time to upgrade to POL at a 1:1 ratio.

🇧🇷 Brazilian CBDC Pilot Source Code Includes Methods To Freeze, Drain Wallets: Last week, Banco Central do Brasil shocked the code-loving community by dropping the source code for its Central Bank Digital Currency (CBDC) on GitHub 🚀💻. They were like, "Hey, developers, have at it and audit our stuff!" But the tech-savvy folks who dived into the code soon stumbled upon some eyebrow-raising features 😱. It turns out there were sneaky mechanisms hiding in there, giving the central bank control over individual wallets and funds. The code also had an "Access Control" feature that the bank could share with their trusted buddies, allowing them to mint and burn CBDC tokens. Talk about power! 😎✨ But fear not, our hero Pedro Magalhães, a full-stack wizard, decided to play detective and reverse-engineer the code. He discovered some seriously shady functions that could be executed by those granted Access Control permission. We're talking about freezing and unfreezing wallets, manipulating funds, transferring money left and right, and even hitting the pause button on withdrawals and transfers. It's like a digital power trip! 💪💰