Impossible Finance, a decentralized finance (DeFi) protocol on the Binance Smart Chain has been exploited for $500,000 in a flash loan attack. A flash loan attack is a common type of DeFi exploits in which hackers take an uncollateralized loan from a lending protocol and through a series of technical maneuvers manipulate the market in …
Tag archives: Cardano
VanEck files Bitcoin ‘mutual fund’ with SEC even as ‘whales’ sell BTC en masse
Exchange-traded funds (ETFs) and mutual fund provider VanEck has filed for a new Bitcoin fund in the US, a filing with the Securities and Exchange Commission (SEC) shows. Routed via Cayman Islands Called the new “Bitcoin Strategy Fund,” the instrument will invest in Bitcoin “futures” and other publicly traded financial products that provide exposure to …
Continue reading “VanEck files Bitcoin ‘mutual fund’ with SEC even as ‘whales’ sell BTC en masse”
Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund
On June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. Vaneck’s Fund Will Invest in Bitcoin Futures and Pooled Investments Tied to the Leading Crypto …
Continue reading “Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund”
Salvadoran Representative Introduces Lawsuit Against the Bitcoin Tender Law for Being Unconstitutional
Jaime Guevara, a Salvadoran representative, presented a lawsuit against the recently approved bitcoin tender law today. Guevara alleges the law is unconstitutional and brings a series of changes that will cause problems for Salvadorans. Some people suspect Bukele’s regime is behind the representative’s demand due to its inability to applying this novel law. Salvadoran Representative …
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. EDPB Insists Data …
Continue reading “Privacy Is Key for Successful Digital Euro, Data Protection Body Says”
As China Cracks Down on Bitcoin Miners, Stealth Miners and Mystery Hashrate Return
While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline and Bitcoin’s overall hashrate has …
FT says cybercriminals prefer Monero (XMR) to Bitcoin, but here’s what it didn’t get right
The FT has put out an article titled, “Inside monero, emerging crypto of choice for cybercriminals.” In it, the privacy coin Monero (XMR) is painted as the rising option for cybercriminals, taking the place of Bitcoin. Why? Because its suite of privacy features, such as stealth addresses and Ring signatures, hides information on the sender, …
Enjin invests in Unbound Finance to bring UND stablecoin to Efinity and Polkadot
Non-fungible token (NFT) ecosystem developer Enjin has invested in Unbound Finance to increase liquidity on Efinity, the former’s upcoming NFT parachain built on Polkadot. The move comes after Unbound recently announced a $5.8M investment round from Pantera Capital and Michael Arrington, founder of TechCrunch, among a host of other leading venture capital firms. “Unbound is …
Continue reading “Enjin invests in Unbound Finance to bring UND stablecoin to Efinity and Polkadot”
Scaleswap CEO talks benefits and challenges of building a Polygon-powered IDO launchpad
CryptoSlate recently had the opportunity to chat with Ralf Gerteis, the co-founder and CEO of Scaleswap, a Polygon-powered launchpad that will be conducting its IDO on June 25th. What is the professional background of the Scaleswap founders and what is their previous experience in crypto? Ralf is the CEO of Scaleswap and an entrepreneur at …
Iran Seizes 7,000 Bitcoin Mining Machines
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting that this is Iran’s largest seizure of cryptocurrency mining machines to date. …
Continue reading “Iran Seizes 7,000 Bitcoin Mining Machines”
Crypto Bears Claw Markets Lower, Bitcoin Price Drops Below $30K, Analysts Still Optimistic
The price of bitcoin dropped to a new low in 2021, hitting $28,600 per unit Tuesday morning (EST). BTC has shed more than 10% in value over the last 24 hours and its market capitalization is now less than $600 billion. Bitcoin Price Plunges Below $29K Cryptocurrency markets have seen better days as the entire …
Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China Crackdown
Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch of mining machines to Kazakhstan.” The company explained that bitcoin mining machines …
Hedgeye: This Model Predicts Bitcoin at $1,000,000
sponsored Analysts at Hedgeye Risk Management, an investment research and financial media company based in Stamford, Connecticut, have analyzed the Bitcoin stock-to-flow argument. This framework suggests Bitcoin’s price potentially reaching $1 million by the latter half of 2020s, and as much as $10 million per BTC by the 2030s. “First they ignore you, Then they …
Continue reading “Hedgeye: This Model Predicts Bitcoin at $1,000,000”
Portugal Begins Approving Cryptocurrency Exchanges — Two Licensed So Far
Portugal now has two approved cryptocurrency exchanges. The country’s central bank, the Banco de Portugal, has licensed Mind the Coin and Criptoloja. In Portugal, the central bank is responsible for registering entities that intend to act as virtual asset service providers (VASPs). The bank must also ensure that they are in compliance with the legal …
Continue reading “Portugal Begins Approving Cryptocurrency Exchanges — Two Licensed So Far”
DOGE has plunged 70% since ‘Dogecoin CEO’ Elon Musk appeared on SNL in May
‘Wolf of Wall Street’ Jordan Belfort is urging people to pump his Twitter followers and Dogecoin Jordan Belfort, the infamous penny stock guru, is urging his 422,000 Twitter followers to pump his Twitter followers, and presumably the prices of Dogecoin and a few other altcoins, a recent tweet showed. 2 min read → Go to …
Continue reading “DOGE has plunged 70% since ‘Dogecoin CEO’ Elon Musk appeared on SNL in May”