Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff
Fed Chairman Powell sees no urgency to develop a CBDC, but eventually, the world’s top central bank must act, say experts. Go to Source Powered by WPeMatico
Month: October 2020
Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million
Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $2.5 million. In seven minutes, the hack was complete. Harvest Finance revealed that the hacker “manipulated … Read more
Bitcoin and stocks decoupling proves BTC is ‘ultimate safe haven’ — Anthony Pompliano
Bitcoin has zero correlation to stocks once more and critics were wrong to doubt its safe-haven status, says the Morgan Creek Digital co-founder. Go to Source Powered by WPeMatico
Kenya’s central bank exploring CBDCs due to ‘mushrooming’ of private cryptos
The Governor of the Central Bank of Kenya told reporters the institution is “already feeling left out.” Go to Source Powered by WPeMatico
Toyota’s IT arm works on digital token pilot with crypto exchange
Another automotive company is moving into crypto. Go to Source Powered by WPeMatico
CertiK releases blockchain with real-time smart contract auditing
The security company wants to build a formally secure blockchain for DeFi Go to Source Powered by WPeMatico
Digital yuan will work with WeChat and Alipay, says bank exec
Details regarding the digital yuan’s characteristics are taking shape. Go to Source Powered by WPeMatico
Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline
Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest. According to data by Bitinfocharts, it cost an average of $5.75 to send a … Read more
PayPal de-platforms conservative domain registrar over ‘alternative currency’
Epik domain registrar claims the move is politically motivated to silence conservative voices. Go to Source Powered by WPeMatico
Ripple CEO Brad Garlinghouse opposes Coinbase’s ‘no politics’ policy
Brad Garlinghouse said tech companies have an obligation to contribute to solving societal issues. Go to Source Powered by WPeMatico
