Month: August 2022

These 2 Things Could Destroy Cryptos in September

Image source: Getty Images After nine months of investor pain, there could still be clouds on the horizon. Key points The crypto industry is precarious and it won’t take a lot to further undermine investor confidence. September will see further clarity on the potential shape of crypto regulation in the U.S. A recent Wall Street …

These 2 Things Could Destroy Cryptos in September Read More »

The Digital Dollar Project Launches Technical Sandbox Program to Explore Central Bank Digital Currency Infrastructure Solutions

New program will explore technical and business implementation questions with the help of initial participants: Digital Asset, EMTECH, Knox Networks, and Ripple WASHINGTON, Aug. 31, 2022 /PRNewswire/ — The Digital Dollar Project (DDP) announced today the launch of its Technical Sandbox Program to jumpstart further exploration of technical implementations of a U.S. central bank digital …

The Digital Dollar Project Launches Technical Sandbox Program to Explore Central Bank Digital Currency Infrastructure Solutions Read More »

Over $1,260,000,000 Stolen From Ethereum-Dominated Crypto Sector in Q1 This Year: FBI

The U.S. Federal Bureau of Investigation (FBI) says that one popular niche of the cryptocurrency ecosystem has become a prime target for cyber criminals. In a new press release, the agency reports that users of decentralized finance (DeFi) suffered over a billion dollars in losses during the first quarter of this year due to malicious …

Over $1,260,000,000 Stolen From Ethereum-Dominated Crypto Sector in Q1 This Year: FBI Read More »

Decentralized Exchange Hashflow Onboards Global Market Maker Wintermute | News

SAN FRANCISCO–(BUSINESS WIRE)–Aug 31, 2022– DeFi trading platform Hashflow has announced the addition of Wintermute, a leading global algorithmic market maker, to the Hashflow ecosystem. With cumulative trading volumes of more than $1.9 trillion to its name, Wintermute adds significant liquidity and market efficiency to Hashflow. Coming on the heels of a $25 million funding …

Decentralized Exchange Hashflow Onboards Global Market Maker Wintermute | News Read More »

“Firewatch” NFT Collective Aims To Combat Environmental Wildfires

By Christos Makridis An annual average of 70,072 wildfires have burned 7 million acres since 2000—more than double the average annual acreage burned in the 1990s, according to a recent Congressional Budget Office report. An NFT collection called Firewatch is aiming “Average fire events in regions of the United States are up to four times …

“Firewatch” NFT Collective Aims To Combat Environmental Wildfires Read More »

Cryptocurrency company accidentally transfers $10.5m to Australian woman and doesn’t notice for seven months | Cryptocurrencies

Cryptocurrency trading platform Crypto.com accidentally transferred $10.5m to an Australian woman when processing a $100 refund, and failed to notice the error for seven months. The company – which paid Hollywood star Matt Damon to feature in a Super Bowl commercial with the slogan “fortune favours the brave” – discovered it had accidentally transferred the …

Cryptocurrency company accidentally transfers $10.5m to Australian woman and doesn’t notice for seven months | Cryptocurrencies Read More »

Switching to PoS–Ethereum’s predicted corruption

This post originally appeared on ZeMing M. Gao’s website, and we republished with permission from the author. Read the full piece here. Ethereum is about to switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS). It is a predictable stage of corruption for an account-based system like Ethereum (see below). But it is incredible that people, even institutional …

Switching to PoS–Ethereum’s predicted corruption Read More »

Another DeFi Exploit, GameFi Rug Pull, and Accidently Closed Exchange

Source: Adobe/Negro Elkha   In a matter of 24 hours, a DeFi platform lost millions of dollars in a hack, developers of a play-to-earn (P2E) GameFi project apparently rug-pulled their investors, and a Solana (SOL)-powered exchange mistakenly shut itself down – all reminding us of risks in the crypto space.  According to blockchain security firm …

Another DeFi Exploit, GameFi Rug Pull, and Accidently Closed Exchange Read More »