Acting OCC head warns that ‘fools gold’ in DeFi reminds him of lead-up to GFC

Most markets are rallying since receiving a severe shakeout throughout the weekend, during which the price of Bitcoin (BTC) fell by $1,400 in minutes below the $11,000 level, liquidating $1 billion in futures along the way. However, one of the most reliable coins in recent days has been Ripple’s XRP token as it rallied 40% in…

After a boast about the protocol's resiliency, Value DeFi loses $6 million to flash loan exploit. 1357 Total views 31 Total shares Following a Twitter thread on Friday that highlighted the decentralized finance protocol’s flash loan exploit prevention methodology, Value DeFi appears to have been the victim of a $6 million flash loan exploit. At roughly…

Ark’s Q1 SEC report revealed holdings of 639,069 shares in Grayscale's Ethereum Trust, worth more than $20 million. 469 Total views 7 Total shares Cathie Wood's Ark Investment has reported holdings of 639,069 shares in Grayscale's Ethereum Trust for Q1 — currently worth around $20.9 million at today’s prices.ARK Investment has bought 639,069 shares of…

Meta AI announced the launch of ‘Code Llama,’ a community-licensed artificial intelligence (AI) coding tool built on the Llama2 large language model (LLM), on Aug. 24.The new tool is a fine-tuned version of LLama2 that’s been trained specifically for the purpose of generating and discussing computer code. According to a blog post from Meta, Code…

The price rise over the weekend put Bitcoin’s market cap within $600 billion of Amazon. 1389 Total views 7 Total shares After rising above $66,000 today and reaching a market capitalization of more than $1.2 trillion, Bitcoin has surpassed the total market cap of both car manufacturer Tesla and social media giant Facebook.According to data…

BitMEX’s parent company has joined Global Digital Finance, or GDF, a major industry association advocating for the adoption of digital assets. 6602 Total views 14 Total shares 100x Group, BitMEX’s parent company and the holding structure for its platform, has joined Global Digital Finance, or GDF, a major industry association advocating for the adoption of…

Former Deputy Governor of the RBI sees cryptocurrencies as a taxable asset or commodity. 1253 Total views 53 Total shares The former Deputy Governor of the Reserve Bank of India (RBI) has spoken out about the nation’s financial and crypto ecosystem and stated that digital assets need to be accepted.Speaking at the inaugural HODL ’21…

Korea's Financial Intelligence Unit is cracking down on foreign-based cryptocurrency exchanges that are yet to register with relevant authorities in the country. 169 Total views 57 Total shares Unregistered cryptocurrency exchanges operating in South Korea could see their services grind to a halt as the Korea Financial Intelligence Unit (FIU) takes action against 16 foreign-based…

The approval of the Bitcoin ETFs has offered investors a welcome sign of relief beyond the first publicly traded Bitcoin-based products.