Chainlink co-founder notes importance of oracle networks following NYSE glitch
Sergey Nazarov explained how Chainlink could remedy centralized points of failure inherent in centralized information processing systems.
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UK Bank Standard Chartered Uses Blockchain for Supply Chain Finance
London-based bank and financial services firm Standard Chartered has completed its first joint blockchain-based supply chain financing transaction.Standard Chartered announced on Aug. 5 that the institution successfully ran their first joint deep-tier supply chain financing transaction in partnership with China-based supply chain financing service provider Linklogis.The news follows a memorandum of understanding signed by Standard…
Crypto Traders Explain What Caused the Bitcoin Price Plunge to $3,000
The Bitcoin (BTC) price dropped to $3,600 overnight, marking Bitcoin’s biggest daily drop in the last seven years. Over $1 billion worth of longs was liquidated on March 12, causing one of the most intense long squeezes in the crypto market’s recent history.The main catalyst of the sudden 50% decline in the price of Bitcoin…
Bitcoin Price Grinds Closer to $8K as $7,500 Support Remains Intact
Bitcoin (BTC) inched closer to $8,000 on Nov. 29 after maintaining its previous gains for another day. Cryptocurrency market daily overview. Source: Coin360Bitcoin settles above $7,500Data from Coin360 showed BTC/USD avoid a reversal of its progress from earlier this week, which saw the pair suddenly surge from $6,500 to $7,600. Since the bullish shift on Nov. 25,…
US Attorney seeks 7-year sentence for exec in crypto shadow banking case
U.S. prosecutors are wanting Reginald Fowler to face at least seven years in jail if convicted on April 20. 395 Total views 18 Total shares Own this piece of history Collect this article as an NFTA long sentence is being sought by United States prosecutors for an executive in a crypto shadow banking case that…
Arbitrum-based Rodeo Finance exploited for second time, $1.5M stolen
The exploiter manipulated price oracles to gain the upper hand on trades executed using the manipulated price. Arbitrum-based decentralized finance (DeFi) protocol Rodeo Finance was exploited for $1.53 million on July 11. The DeFi protocol was exploited using a code vulnerability in its Oracle, leading to a loss of over 810 Ether (ETH).According to data…
Nigeria’s central bank forced to deny claims of crypto account freeze
The CBN, through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited.
‘Nothing issue’ — MicroStrategy CEO plans to hodl Bitcoin ‘through adversity’
Bitcoin (BTC) megahodler MicroStrategy can ride out further BTC price declines, even if it falls to just $3,500, its CEO confirms.In a tweet on June 14, Michael Saylor sought to allay fears that his firm's BTC exposure may be about to cost it dearly.Saylor stays calm as MSTR dips furtherWith the largest corporate Bitcoin treasury,…
Chinese Company The9 Said to Be First Foreign Telegram ICO Investor
According to a filing with the United States Securities and Exchange Commission, the Chinese company The9 Ltd bought 5,297,257 tokens during a Telegram initial token offering in January 2018 for $2 million dollars. The filing also states that The9 has invested in multiple blockchain-based companies as of 2018. According to a report by Russian business news…