The Cardano Foundation is launching a ‘Bug Bounty’ program that offers hackers rewards for finding any weaknesses in the smart contract platform’s blockchain. In a blog post, the Swiss-based, Cardano-focused non-profit says that they’re teaming up with HackerOne, a vulnerability management firm that uses hackers to expose cyber security flaws. ADVERTISEMENT “Over the coming …
Monthly archives: August 2021
Ripple May Have To Wait Before Settling SEC Lawsuit, According to Legal Expert Jeremy Hogan – Here’s Why
Attorney and crypto legal expert Jeremy Hogan says Ripple may have to wait a few months before trying to settle their lawsuit with the U.S. Securities and Exchange Commission (SEC) The SEC sued Ripple late last year for allegedly selling XRP as a security. In a new video, Hogan notes that the lawsuit’s discovery phase …
Billionaire investor John Paulson says crypto has ‘no intrinsic value’
Speaking in a recent interview, subprime short investor and billionaire portfolio manager John Paulson criticized the volatile nature of digital assets, while advocating for investments in traditional safe-havens such as gold. The co-founder of Paulson & Co, a New York-based firm launched in 1994, Paulson was a historic beneficiary from the U.S. housing financial market collapse …
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Corporate brands target NFTs and adoption continues to skyrocket
The nonfungible token (NFT) space is arguably one of the most popular aspects of crypto and blockchain technology. Indeed, NFTs are often the topic of conversation, garnering significant interest both from inside and outside the industry. Such is the growing appeal of NFTs outside the crypto space that major brands like Visa and Budweiser are …
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Leading DeFi projects launch $100M global adoption initiative
A consortium of leading decentralized finance (DeFi) protocols today announced a collaborative $100 million financial inclusion venture titled “DeFi for the People.” The DeFi applications involved in the project — AAVE, SushiSwap, Curve, 0x and PoolTogether, amongst others — will together provide up to $100 million in educational initiatives, grants, and incentives in an effort …
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Dubai to benefit from expanding crypto market, Bittrex Global CEO says
The United Arab Emirates (UAE) and Dubai are among the friendliest jurisdictions for the cryptocurrency industry, according to Stephen Stonberg, CEO of Bittrex Global crypto exchange. Dubai is likely to benefit from the expanding crypto market in the Middle East as local regulators increasingly accept blockchain-related technologies, Stonberg said in a Sunday Bloomberg interview. The UAE …
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Bitcoin whales join ‘small fish’ in buying BTC as price holds above $47K
Rich crypto investors are turning their attention back to Bitcoin (BTC) as its price continues to eye a breakout move above $50,000. Crypto-focused newsletter Ecoinometrics reported positive changes in Bitcoin holdings for addresses controlling 1,000–10,000 BTC. So, based on their rising account balances throughout August, Ecoinometrics spotted a renewed accumulation sentiment among “whales,” hinting that …
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Singapore central bank shortlists 15 companies to develop retail CBDC
The Monetary Authority of Singapore (MAS) has shortlisted 15 “Global CBDC Challenge” participants to help build an in-house retail central bank digital currency (CBDC). An announcement shared by the MAS shows that the finalists include six companies from Singapore, four from the United States, and one each from Australia, Barbados, Germany, France and Switzerland, out …
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Nigeria’s central bank issues draft guidelines on eNaira CBDC project
The Central Bank of Nigeria (CBN) has issued preliminary guidelines for its proposed eNaira digital currency. In a sensitization document sent to commercial banks in the country, the CBN outlined several design features of the central bank digital currency (CBDC). According to the document seen by Cointelegraph, Nigeria’s CBDC is codenamed “Project Giant” and will …
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Cream Finance DeFi platform loses $19M in a flash loan hack
Cream Finance, a major decentralized finance (DeFi) protocol focused on lending, has suffered a major exploit, with a hacker stealing nearly $19 million from its platform. An unknown hacker has managed to gain $18.8 million in the latest flash loan exploit of the Cream Finance protocol through a reentrancy bug introduced by the Amp (AMP) …
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Bitcoin Price Prediction: BTC/USD May Revisit $50,000 Resistance
Bitcoin Price Prediction – August 29 The Bitcoin price prediction continues to follow the sideways movement as the price may soon touch the resistance level of $50,000. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $52,000, $54,000, $56,000 Support Levels: $45,500, $43,500, $41,500 BTCUSD – Daily Channel Buy Bitcoin Now BTC/USD is likely …
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Entering the Bharat Krymo’s Musee d’Art Brings NFTs to life
Stepping into the metaverse created to display Bharat Krymo’s collection is a magical experience unfolding one layer at a time, from darkness into light. Featuring 50 of this collector’s most revered NFTs, the visual display showcases this collector’s eclectic taste but also highlights the scale of diversity in the art produced by the NFT community. …
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Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet
The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics report, the new revelations concerning the e-naira’s design as well as the operational …
ECB Vice President States Crypto Should Be Regulated Like Other Assets
European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in a presentation given as part of the summer courses offered by the European Parliament, where De Guindos declared his opinion about cryptocurrency regulation. ECB Vice …
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Travel Rule Implementation Still Far Off Due to Tech Limitations, Australian Regulator Reports
The Australian Department of Home Affairs stated that the country lacked the technical capabilities to implement a system that complies with the travel rule proposed for cryptocurrencies. The Department concluded this in an appearance before the Senate in Australia last Friday. However, the Australian Department also stated that, if implemented, the system would be a …