Bookmarking Crypto Insights
The Zimbabwean currency’s collapse in 2008 and record hyperinflation are widely seen as textbook examples of what can go wrong with a centralized currency. For instance, some cryptocurrency enthusiasts — as well as opponents of the fiat currency system in general — have routinely pointed to the Zimdollar’s collapse when arguing for an alternative monetary … Read more
Miami’s mayor believes that if city-specific cryptos succeed, it would mean residents “won’t have to pay a cent in tax.” Go to Source Powered by WPeMatico
Vee Finance says it suffered a $35 million attack just a few days after launching the mainnet on Avalanche last week. Go to Source Powered by WPeMatico
According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 per cent drop, a … Read more
Sorare attained a $4.3 billion valuation with a Series B funding round led by the Tokyo-based holding company. Go to Source Powered by WPeMatico
Pnetwork, a multi-chain bridging protocol, announced it was hacked yesterday, losing 277 pbtc (its bridged version of bitcoin) on Binance Smart Chain. The protocol acknowledged that an attacker managed to exploit a bug in its codebase to take control of the stolen bitcoin. The bridging contracts are currently working as usual but with extra security … Read more
Binance users in Australia have 90 days to close their positions for futures, options and leveraged tokens. Go to Source Powered by WPeMatico
The Bank of Venezuela, one of the biggest state banks in the country, is now experiencing an outage that has left its customers without services for five days. The bank published a PR statement stating this was the result of a “terrorist attack” on the national financial system, being perpetrated in the form of a … Read more
As a number of Federal Reserve presidents have been criticized for their 2020 stock moves, Fed chairman Jerome Powell has been cast into the limelight for owning $1.5 million municipal bonds like the ones the U.S. central bank purchased in 2020 during the pandemic. All Eyes Are On Jerome Powell’s Municipal Bond Portfolio Three days … Read more
Initially supporting BTC and ETH only, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins. Go to Source Powered by WPeMatico
