The co-founder of bZx protocol, which was hacked last month, has taken full responsibility for the lapse and pledges changes for the future. The company that almost broke DeFi is asking for a new beginning. When the decentralized lending protocol bZx was hacked to the tune of some $1 million last month, some started questioning […]
Continue Reading
A sudden move to sink base rates to just 0.25% stems from a desire to “support confidence” among businesses and consumers, the bank says. The United Kingdom’s central bank has followed the Federal Reserve in suddenly cutting interest rates — by the most since 2009. As various news outlets including the Financial Times reported on […]
Continue Reading
After attending the Ethereum Community Conference in Paris and ETHLondon hackathon, a co-founder of TorusLabs says he was diagnosed with coronavirus. On March 11, the co-founder of decentralized login service provider TorusLabs, Zhen Yu Yong (Zen), tweeted that he had been diagnosed with coronavirus COVID-2019. Zen urged people who may have been in contact with […]
Continue Reading
Bitcoin price is down but this BTC “digital gold” is still up nearly 10% year-to-date, unlike traditional markets that are reeling from the coronavirus. Bitcoin (BTC) price took a bullish turn on March 10 as the digital asset surged to $8,150 before encountering resistance, which saw the price temporarily pullback to $7,730. The S&P 500 […]
Continue Reading
Trading in synthetic binary options is just one of many new features the non-custodial crypto exchange is considering for 2020. Ethereum-based synthetic asset issuance platform Synthetix is adding new features, which includes derivatives trading. In a March 10 blog post, Synthetix announced plans for trading in binary options in the third quarter of this year. […]
Continue Reading
The Iota network has been down for almost a month following a $2 million theft from the platform’s Trinity Wallets. After almost a month following a massive hack, the Iota Foundation has brought their network back online. The Iota network was relaunched on Tuesday following the Feb. 12 attack on the platform’s Trinity Wallet software. […]
Continue Reading
Should crypto exchanges follow traditional exchanges and implement circuit breakers? Traditional exchanges have been using “circuit breakers” to curb panic selling, and it might be time for crypto exchanges to follow suit. Yesterday, March 9, trading on the New York Stock Exchange was suspended for 15 minutes. This was due to the S&P 500 Index […]
Continue Reading
The main idea behind the DeFi industry is that the financial product shouldn’t be managed by central server, company, organization, etc. As of early February, more than $1 billion U.S. dollars of assets reside in decentralized finance protocols, commonly called DeFi protocols. DeFi protocols and platforms offer crypto holders sophisticated financial tools that were unavailable […]
Continue Reading
A study by a trust-gauging company claims that cryptocurrency-related scams are the second-riskiest in Canada and the U.S. A report published by the Better Business Bureau (BBB) says that cryptocurrency-related scams are continually growing, becoming the second most risky of 2019 among North Americans. According to research from trust-gauging organization published on March 2nd, scams […]
Continue Reading
Responding to Bitcoin’s recent falling prices, some experts see a correlation to traditional markets, while others see a correlation to PlusToken selling. Some authorities think current traditional market instability lies behind Bitcoin’s (BTC) recent plunge, while others feel the alleged PlusToken scam is the cause. Bill Herrmann, CEO of alternative investment banking firm Wilshire Phoenix, […]
Continue Reading