Pike Finance exploited for $1.6M in second incident in 3 days

Unlike restricted proof-of-work (PoW) blockchains like Bitcoin, the Polkadot blockchain allows cross-blockchain transfers of any asset or data, facilitates more transactions per second and needs less infrastructure.Polkadot uses a nominated proof-of-stake (NPoS) blockchain centered on interoperability of parachains that connect to and are secured by the Relay Chain. Validators can validate both the Relay Chain…

The NFT and Metaverse investment firm plans to continue building out its REVV Motorsport ecosystem with a Metaverse-first approach. 428 Total views 18 Total shares Gaming and venture capital firm Animoca Brands has completed its landmark acquisition of Eden Games, publishers of the Gear.Club, Test Drive series, and other popular racing games.Eden Games is a…

2022 is shaping up to be the year for Web3. KuCoin, Framework Ventures and CoinDCX have all made a splash in this emerging paradigm. 366 Total views 13 Total shares “Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but…

Forbes estimates Zhao's net worth at a staggering $61 billion—ranking the former CEO as the world's 24th richest person.

Foreign users tend to use hardware e-CNY wallets more at the Olympics, while domestic users mainly go for software wallets. 252 Total views 7 Total shares The 2022 Winter Olympics participants, visitors and organizers could be spending more than $300,000 in China’s digital yuan every day, according to new reports citing officials from the People’s…

A professor at Stanford Graduate School of Business says cryptocurrencies will put an end to the windfall that banks currently enjoy from low-interest deposits.In an Oct 24 interview for the university,  Dean Witter Distinguished Professor of Finance Darrell Duffies said that one way or another, cryptocurrencies are likely to upend banks’ business model within the…

Chinese miners are reportedly becoming the biggest short sellers both locally and internationally, following an increased number of hedging operations in the current bear market, Chinese crypto outlet 8BTC reported Thursday, Dec. 6.The severe cryptocurrency market decline in the last month has reportedly caused new generation miners to start hedging their coins to avoid market…

French fintech companies Ingenico and Worldline are set to merge, according to a Feb. 3 press release. The €7.8 billion ($8.6 billion) buyout deal was accepted by shareholders of the companies, both of which had previous exposure to crypto.The merger and significance for shareholdersAs part of the agreement, Worldline will offer Ingenico shareholders a mixed…

But XRP isn’t competing with Tether. Tether (UDST), the world’s largest stablecoin by market capitalization, has again surpassed major altcoin XRP.On Sept. 1, Tether surpassed XRP as the third-largest cryptocurrency by market cap, becoming the second-largest altcoin after Ether (ETH).As of press time, USDT market cap accounts for more than $13.4 billion, according to data…