Month: November 2020

Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million

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A decentralized finance (defi) protocol that bragged about having flash loan attack prevention has been exploited for $6 million in DAI, in a flash loan attack. Value Defi, a yield aggregating protocol, boasted of having the “highest security” in a Nov. 13 tweet that now appears to have been deleted. The protocol claimed that its … Read more

Bitcoin.com Announces Partnership With Luxury Watchmaker Franck Muller

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PRESS RELEASE. Saint Kitts, November 17, 2020— Bitcoin.com, the go-to web portal for everything bitcoin, announced the launch of a new Franck Muller luxury watch called “Free the Money, Free the World.” The watch is the first ever Bitcoin Cash (BCH) Franck Muller “Encrypto” brand timepiece. The new watch is a limited edition BCH wristwatch … Read more

Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge ‘May Hold Positions’ in Bitcoin

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In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under management (AUM) told the U.S. regulator that Skybridge investment funds … Read more

US Banks Face a Massive Commercial Real Estate Crisis Looming on the Horizon

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Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next few months. Just recently PWC’s real estate … Read more