Infini loses $50M in exploit; developer deception suspected

A social commerce technology platform has launched a new wallet that enables consumers to buy real-life products from more than 30,000 points of sale globally.Jet8 says its new wallet is a “connect and transact hub,” giving its community a safe way to store their tokens, earn rewards and send funds to their friends. According to…

While Telegram's token project is dead, the blockchain still lives. 1960 Total views 14 Total shares TON Labs and China’s Blockchain-based Service Network are collaborating to build applications on the Telegram-built TON protocol.According to an announcement issued on Monday, the partnership grants BSN developers access to TON technology.As with other instances of adapting public networks…

Retail giant Overstock’s blockchain subsidiary company, tZERO, plans to allow the public to trade its security tokens in four days.Saum Noursalehi, CEO of tZERO, shared the announcement with CoinDesk, per a report published on Aug. 8. According to the announcement, Aug. 12 marks the end of a one year lock period following the company’s 2018…

The world’s largest holder of Bitcoin is looking for a software engineer to create cybersecurity solutions and enable e-commerce use cases on the Lightning Network. 547 Total views 12 Total shares MicroStrategy, the business intelligence and tech company that holds the world’s largest Bitcoin (BTC) reserve, is hiring a Bitcoin Lightning software engineer to create…

Grayscale Investments recent Q2 report shows that the firm took in $905 million into Bitcoin (BTC) and other altcoins. In Q1 of this year, the inflow into various Grayscale products was $503.7 million. The sharp increase in investments indicates that the institutional investors are building positions when the price of the top-ranked asset on CoinMarketCap…

The South Korean central bank is on track with its CBDC pilot program, but still insists it has no current plans to launch. 899 Total views 10 Total shares The South Korean central bank announced on Oct. 7 that it will begin the distribution phase of its central bank digital currency, or CBDC, pilot scheme…

Crypto industry captains are throwing their support behind a long-term project from MIT’s Digital Currency Initiative to enhance Bitcoin’s security. 2493 Total views 10 Total shares The Massachusetts Institute of Technology’s Digital Currency Initiative has revealed a new “Bitcoin Software and Security Effort” intended to foster research into bolstering the Bitcoin network’s defenses.The open-source initiative…

Asset managers and companies currently hold over 6% of Bitcoin’s (BTC) circulating supply, according to Buy Bitcoin Worldwide. A breakdown of the data shows Bitcoin fund issuers and asset managers hold about 4% of Bitcoin’s supply, public companies account for nearly 1% and private companies own roughly 0.83% of the cryptocurrency’s supply. It's clear that institutional…