Southeast Asia and DeFi’s Big Bet on the Unbanked
With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation. Go to Source Powered by WPeMatico
Month: November 2022
Gala token exploit ‘not a white hat act’: Huobi Global
Huobi claimed that calling the incident a white hat move was only pNetwork’s excuse to avoid legal sanctions. Go to Source Powered by WPeMatico
Deribit hackers move stolen Ether to Tornado Cash crypto mixer
The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan. Go to Source Powered by WPeMatico
Wuhan omits NFTs from metaverse plan amid regulatory uncertainty in China
The Chinese government has shown a keen interest in developing a metaverse economy, but its stance on NFTs hasn’t been very clear. Go to Source Powered by WPeMatico
FTX Token price risks 30% plunge as a 23M FTT ‘part’ moves to Binance
Alameda Research reportedly obtained $2.2 billion worth of loans using FTT as collateral, a token created by cryptocurrency exchange FTX. Go to Source Powered by WPeMatico
Crypto no more in top 10 most-cited potential risks: US central bank report
The U.S.-China tensions, the Russia-Ukraine war, higher energy prices, rising inflation, the COVID-19 pandemic and cyberattacks came out as some of the most pressing financial risk concerns. Go to Source Powered by WPeMatico
Argentine Digital Peso Proposal: Eliminate Tax Evasion by Digitizing the Full Fiat Currency Supply
A proposal to eliminate the physical representation of the Argentine Peso, in order to streamline specific state processes and reduce tax evasion, has been presented by former banker Carlos Maria De Los Santos. The plan, identified as “Argentine Digital Peso,” also predicts that its implementation would lead to lower taxes and bring a surplus to … Read more
Funding rates hit 6-month high before CPI — 5 things to know in Bitcoin this week
Signs that market optimism is running away with itself come ahead of the U.S. midterm elections and key economic data. Go to Source Powered by WPeMatico
Solana’s co-founder addresses the blockchain’s reliability at Breakpoint
In 2022 the blockchain has suffered from ten partial or full outages along with slow block times and Solana’s co-founder said it’s “not the experience that we want to deliver.” Go to Source Powered by WPeMatico
Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils
Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and work, to storing wealth and paying in stores, bitcoin, tether and other cryptos have started to push aside the hyperinflated Lebanese pound and the hard-to-get-hold-of … Read more
