About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
Decentralized finance (DeFi) protocol xToken suffered another exploit following a vulnerability in the xSNX contract, which resulted in the loss of $4.5 million. Cream Finance protocol also lost over $26 million from a flash loan attack. Attackers Drain $4.5 Million from xToken The team behind the xToken project announced the...
Decentralized finance (DeFi) protocol, Tranchess, has had success since its launch two months earlier, with the protocol recently crossing $1 billion in total value locked (TVL), within the period. $1 Billion TVL in Two Months Tranchess, backed by hedge fund manager Three Arrows Capital, attained the $1 billion milestone in...
Koh Seung-beom, the nominee for South Korea’s Financial Service Commission (FSC), said that he does not see cryptocurrencies as a financial asset. FSC Nominee Says Crypto Not a Financial Asset According to the Korean Times on Wednesday (August 25, 2021), Seung-beom made the statement while speaking with journalists. Seung-beom, who...
Founder and CEO of US-based cryptocurrency exchange Sam Bankman-Fried noted that non-fungible tokens (NFTs) are gaining adoption at a fast pace, but added that most investors have little knowledge of the NFT market. Mainstream Investors have no Understanding of NFTs In an interview with CNBC's Street Signs Asia posted on...
A Chinese court stated that there is no law regarding cryptocurrency, an indication that investors would carry out crypto investment at their peril. No Protection for Chinese Crypto Investors According to the South China Morning Post on Monday (August 23, 2021), an intermediate court in the city of Jinan revealed...
The President of the Banco Central do Brasil (BCB) also known as the Central Bank of Brazil has stated that it is important to have robust cryptocurrency regulatory policies in place, to address the increased interest in the nascent technology. Cryptocurrency to Exist With Brazil’s Instant Payment System According to...
Chairman of the Securities and Exchange Commission (SEC) Gary Gensler, has said that the features of some decentralized finance (DeFi) projects could cause them to fall under the regulatory ambit of the SEC. Gensler Says DeFi not Completely Decentralized In an interview with the Wall Street Journal published on Wednesday...
Banco Central de Reserva (BCR), the central bank of El Salvador, has published draft regulations for banks and other financial institutions looking to offer bitcoin-related services. Draft Regulations for Bitcoin Digital Wallet Services The BCR released the document titled "Guidelines for the Authorization of the Operation of the Digital Wallet...
The head of Ukraine's Ministry of Digital Transformation has said that paying the staff of the ministry in the proposed central bank digital currency (CBDC) is under consideration. Ukraine CBDC Pilot Could Initially Involve Salay Payments In a recent interview with local Ukraine news outlet TSN, Mikhail Fedorov, who is...
Decentralized exchange (DEX) SushiSwap was saved from joining the long list of hacked DeFi platforms after a white hat discovered an exploit and prevented a potential $350 million theft. SushiSwap Rescued from Being Hack Victim Samczsn, a research partner at venture capital firm Paradigm, prevented SushiSwap's MISO platform from losing...
Decentralized finance protocol Poly Network relaunched with a bug bounty program with a total pool of $500,000 to reward white hats and security researchers that discover and report bugs on the protocol. Poly Network Offers Bug Bounty Worth $500,000 Poly Network announced the new program via a Medium blog post...
South Korean Internet giant Kakao launched two blockchain units in Singapore as part of the company's plans to expand its blockchain reach for the Klaytn project globally. Two Blockchain Entities in Singapore According to the Korea Herald on Monday (August 16, 2021), the two blockchain-based entities established in the city-state...
Major decentralized exchange Uniswap has set a record as the first decentralized finance (DeFi) protocol to generate over $1 billion in fees. Uniswap Trading Fees Soar Past $1 Billion Head of research at data science company IntoTheBlock, Lucas Outumuro tweeted the news on August 10. According to a chart showing...
New York-based multi-billion dollar private investment management firm Neuberger Berman, will be offering exposure to cryptocurrencies such as bitcoin and ether. Neuberger Berman Targets Bitcoin Derivatives The investment giant made a filing with the US Securities and Exchange Commission (SEC) on Wednesday (August 11, 2021) for its Commodity Strategy Fund...
Ghana’s central bank has inked a partnership deal with German banknote and securities printing company Giesecke+Devrient (G+D), for a retail central bank digital currency (CBDC) pilot. Ghana Progresses With Digital Cedi The Bank of Ghana announced the news of the agreement with the German company via a press release on...
