Speed, reliability and availability are the cornerstones of modern finance, and DeFi has the potential to enhance and even supplant traditional finance. When blockchain technology began to expand beyond Bitcoin (BTC) and into more general-purpose applications, many within the industry saw an opportunity to remake key financial infrastructure using this technology. They soon came to […]
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The CEO of CoinSwitch shares his insights about the possibility of a cryptocurrency blanket ban in India. News about the Indian Ministry of Finance circulating a “note” for inter-ministerial consultations of cryptocurrency regulations spurred panic within the Indian crypto community. Worries about the 2019 draft bill proposing a blanket ban of cryptocurrencies and possible 10 […]
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TAIKAI has announced that it will use the Telos network to facilitate a secure and auditable voting mechanism to evaluate and reward stakeholders in hackathon events. Hackathon management platform TAIKAI announced June 29 that it would be using Telos network to provide a fully transparent and auditable blockchain voting system, and as a token reward […]
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The Katalyst protocol upgrade will include the changes in the in-house token model to attract more participants. On-chain liquidity protocol Kyber announced on June 29 that a major upgrade of Katalyst protocol will go live on July 7, 2020. The upgrade includes changes to the Kyber Network Crystal (KNC) token model to attract more participants […]
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The Bitfury-powered blockchain for the Russian constitutional amendments was reportedly attacked over the weekend. Russia’s blockchain-based voting system for the constitutional amendments has reportedly been attacked via an election observer’s node. As reported by state-owned news agency TASS, the attack occurred on June 27 around 8 PM CET. A government of Moscow representative told TASS […]
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Shareholders in German fintech Wirecard are taking legal action against Big Four auditor EY in the fallout from the scandal now engulfing the company. Shareholders in German fintech Wirecard are taking legal action against Big Four auditor EY in the fallout from the scandal now engulfing the company. Earlier this month, the auditor had refused […]
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A spat between the Balancer and STA team following the $500,000 hack suggests that the DeFi protocol was aware of the weakness. The Balancer automated market maker protocol has been hacked for over $500,000 in a single Ether (ETH) transaction, facilitated once again by a dYdX flash loan. As analyzed by the 1inch.exchange team a […]
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Couter-Strike superstars with two million fans will participate in a crypto-powered tournament, while fans will be able to bet on the outcome with crypto tokens. Esports superstars of the popular first-person-shooter game Counter-Strike will participate in a crypto-powered tournament where fans will be able to bet with crypto tokens. The tournament is sponsored by Verasity […]
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Researchers behind the June 2020 report from the Crypto Research Report used Bitcoin’s target addressable market to predict a rise to $397K. A new report from a crypto research group suggests that the price of Bitcoin could approach $400,000 in the next ten years, with altcoins following its bullish example. According to the June 2020 […]
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Multi-billion-dollar mining group BHP announced it has completed a $14 million iron ore trade using a blockchain platform. The world’s largest mining company BHP Group announced today that it completed a $14 million iron ore trade using a blockchain platform developed by the Canada-based technology company MineHub Technologies. The transaction was carried out between BHP […]
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