DeFi protocol removed an important line of code that led to a $212K hack
The attack occurred around 3 am UTC on Aug. 1, leading Convergence’s native token CVG to plummet over 99%.
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Reuters: Gary Gensler, MIT blockchain professor and Obama’s CFTC chair, to head Biden SEC
Gensler taught a course on "blockchain technology's potential use — by entrepreneurs and incumbents — to change the world of money and finance." 557 Total views 5 Total shares President-elect Biden has finally decided on his nominee to head the Securities and Exchange Commission.At least according to Reuters' anonymous sourcing in a Tuesday report, Gary…
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Capital Outflows From Major Crypto Exchanges Exceeded Inflows by ~$622 Mln in Recent Days
Blockchain data provider TokenAnalyst estimates that capital outflows from major crypto exchanges have exceeded inflows by ~$622 million over the past five days, Bloomberg reported on May 15.London-based TokenAnalyst has reportedly based its figure on an analysis of withdrawals and capital inflows on multiple crypto trading platforms — including Bitfinex, BitMEX, Binance and Kraken.While bitcoin…
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tZERO to tokenize $18M of stock for the ‘Robinhood of real estate investing’
Around $18 million worth of NYCE’s common shares will be tokenized and supported for secondary trading on tZERO’s security token trading platform. 144 Total views 1 Total shares tZERO, an alternative trading system for security tokens, has announced a partnership with real estate crowdfunding company, NYCE Group, to tokenize $18 million worth of the firm’s…
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Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — Microstrategy co-founder
The bankruptcies of once high-profile crypto players are “painful” but helpful said Michael Saylor but added industry oversight is still needed. Own this piece of history Collect this article as an NFTHigh-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to…
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Reserve CEO Predicts Central Banks Will Tokenize, Still Room for Stablecoins
CEO Nevin Freeman of stablecoin startup Reserve predicts that central banks will tokenize their currency at some point, but stablecoins will likely still have an advantage in offering privacy.Freeman delivered his remarks at the Consensus 2019 panel “The End of Volatility? Stablecoins on the Rise” on May 15.During the panel, moderator Joel Telpner, a partner…
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Asset tokenization can unlock financial inclusion for LATAM’s unbanked
Blockchain-powered asset tokenization is set to reshape Latin America’s financial systems, driving efficiency, inclusion and transparency.
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The US dollar vs crypto: Is Trump undermining the greenback?
Money printing and poor fiscal policy have reduced the dollar’s value since 1913, prompting countries to explore alternative assets.
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Breaking: Grayscale wins SEC lawsuit
The judge's order does not guarantee the eventual listing of a Grayscale spot Bitcoin ETF. 8410 Total views 21 Total shares Crypto asset manager Grayscale Bitcoin Trust (GBTC) has scored a major victory against the United States Securities and Exchange Commission (SEC) in its efforts to convert its over-the-counter GBTC application into a listed Bitcoin…