Carlitos Rejala, a bitcoin-friendly lawmaker in Paraguay, has said he will introduce legislation focused on cryptocurrency regulation on July 14 after working on it with Senator Fernando Silva Facetti.

French TV personalities and former theoretical physicists Igor and Grichka Bogdanoff have claimed they helped pseudonymous Bitcoin creator Satoshi Nakamoto in developing the flagship cryptocurrency.

ChainSwap, a cross-chain bridge that acts as a hub for multiple blockchains that was backed by Alameda Research and CMS Holdings, has been hacked for a second time. A hacker took advantage of a vulnerability in its smart contract that allowed them access to the protocol and to sell tokens available on ChainSwap via other exchanges.

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Top stories in the Crypto Roundup today:

• Paraguayan Lawmakers to Introduce Bitcoin Regulation Bill
• The Bogdanoff Twins Claim to Have Helped Satoshi Create Bitcoin
• ChainSwap Exploit Leads to $8 Million Loss
• Daily Movers – EOS, SNX, AAVE
• Sponsored: Crypto.com - The World’s Fastest Growing Crypto App

Paraguayan Lawmakers to Introduce Bitcoin Regulation Bill

Carlitos Rejala, a bitcoin-friendly lawmaker in Paraguay, has said he will introduce legislation focused on cryptocurrency regulation on July 14 after working on it with Senator Fernando Silva Facetti.

Rejala’s pro-bitcoin tweets have drawn attention over the last few weeks, with some speculating that the lawmaker will push for Paraguay to follow in the footsteps of El Salvador to declare bitcoin a form of legal tender in the country.

Rejala has said:

"We want the regulators and banks to also participate so that Paraguayans or foreigners can operate with these assets legally, because we know that illegal transactions exist here and in other countries. We want to be a crypto-friendly country."

 He has, however, revealed that the bitcoin bill he is set to introduce differs from the one seen in El Salvador as “in Paraguay it will be impossible to do something like that.”

The Bogdanoff Twins Claim to Have Helped Satoshi Create Bitcoin

French TV personalities and former theoretical physicists Igor and Grichka Bogdanoff have claimed they helped pseudonymous Bitcoin creator Satoshi Nakamoto develop the flagship cryptocurrency.

Their words came during a recent interview on L’Heure des Pros, and on a recent appearance on the French television show “Non Stop People.” Grichka Bogdanoff said:

“Igor and I, as mathematicians, were able to participate in the elaboration of some of the source code, especially the ‘predictive code.”

The two brothers reportedly worked with the inventor of the touchscreen François Mizzi in the early 90s, and in their team, there was a Japanese scientist called Soïtchiro Shimoda. They claim Shimoda was “someone close to the mythical person or a group of people” called Nakamoto.

The twins said they would often discuss digital currency with Shimoda, and that Nakamoto gave them two “ancient Bitcoins” in “physical form” when BTC was created in 2008. The twins, according to local news outlets, aren’t too credible so their claims should be taken with a pinch of salt.

Notably, the twins are known in the cryptocurrency space for a meme that suggests they control cryptocurrency markets to conspire against retail investors.

ChainSwap Exploit Leads to $8 Million Loss

ChainSwap, a cross-chain bridge that acts as a hub for multiple blockchains that was backed by Alameda Research and CMS Holdings, has been hacked for a second time. A hacker took advantage of a vulnerability in its smart contract that allowed them access to the protocol and to sell tokens available on ChainSwap via other exchanges.

A hacker has taken advantage of a vulnerability in ChainSwap’s smart contract code that gave them access to the protocol and to sell tokens available on ChainSwap via other exchanges.

Wilder World’s developer n3o analyzed the incident, explaining the exploit allowed attackers to mint 20 million WILD tokens to their address. The price of the tokens plummeted in value after the hacker sold them on the open market.

Tokens for other projects, including Antimatter, Optionroom, Umbrellabank, Nord, Razor, Peri, Unido, Oro, Vortex, and others, were also affected by the incident. The attack is estimated to have led to an $8 million loss.

The attack comes after another ChainSwap exploit that occurred on July 2 that led to losses of around $800,000.

Daily Movers – EOS, SNX, AAVE

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

EOS (EOS) - EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”). This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters.

Synthetix (SNX) - Synthetix is a decentralized synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties.

Aave (AAVE) - Aave is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. The goal of Aave as a protocol is to bring decentralized finance to the masses.

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