Binance Smart Chain-based DeFi platform suffers $3M flash loan attack
Funds are safe, Bogged Finance assured after the exploit. Go to Source Powered by WPeMatico
Month: May 2021
HSBC Won’t Launch Bitcoin Trading Desk, CEO Says Bank Has No Plans to Offer Cryptocurrency Investments
HSBC has confirmed its bitcoin and cryptocurrency stance as a growing number of major banks are beginning to offer crypto services. CEO Noel Quinn says that HSBC views bitcoin as an asset class rather than a payments vehicle but the bank is not rushing into providing cryptocurrency investments for clients. HSBC Confirms Crypto Stance HSBC … Read more
Tokenization at center of digital money ‘format wars,’ says CitiBank exec
The digital money format war could be won or lost on the battleground of tokenization. Go to Source Powered by WPeMatico
Central Bank of Kuwait issues warning against crypto investments
The Central Bank of Kuwait says that a “real” currency is one issued by the state. Go to Source Powered by WPeMatico
Russian officials consider partial lift on crypto payment ban
Some Russian officials want to allow cryptocurrencies for payments under domestic contract law. Go to Source Powered by WPeMatico
Altcoin day trading madness: 100% rebound in hours for Polygon, Maker
What goes up must come down… and then go up again. Go to Source Powered by WPeMatico
Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining
When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact, before Musk waded into this debate, many opponents … Read more
Chinese Bitcoin miners abandon ship ahead of incoming crypto crackdown
Three Bitcoin mining companies have announced plans to wind down operations in China following stern warnings from Chinese officials. Go to Source Powered by WPeMatico
Biggest ever monthly BTC price drop: 5 ‘gyrations’ to watch in Bitcoin this week
A shake-up among miners and feasting whales provide the backdrop for serious volatility in Bitcoin continuing. Go to Source Powered by WPeMatico
Bank of Korea seeks tech partner to build central bank digital currency
South Korea’s state digital currency pilot is scheduled to run from August to December 2021. Go to Source Powered by WPeMatico