Speak Out: Discussing Recent Events In Crypto
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OTC Exchanges Help Thwart $5M Bank Heist in Brazil
A $5 million hack that has baffled investigators in Brazil was thwarted with assistance from local OTC trading desks. A $5 million online heist in Brazil targeting Spanish multinational financial institution, Banco Santander was thwarted after the funds were seized with local over-the-counter (OTC) crypto exchanges.The perpetrators immediately moved to convert the stolen funds into…
Kevin O’Leary lost the $15M he was paid to be FTX’s spokesperson
Kevin O’Leary fessed up to making a massive mistake with FTX, and is working to find out where his money went amid the bankruptcy. 1632 Total views 6 Total shares Own this piece of crypto history Collect this article as NFTShark Tank star and investor Kevin O’Leary, known in some circles as Mr. Wonderful, has…
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Tron Co-Founder and CTO Leaves Project, Alleging Excessive Centralization
Lucien Chen — the former chief technical officer (CTO) and co-founder of blockchain protocol Tron (TRX) — has announced he is leaving the project, claiming it has become excessively centralized and strayed from its founding principles. Chen revealed his decision in a Medium blog post published on May 10.In his announcement, Chen recounts the history…
DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction
Both parachains on Polkadot and DeFi functions on Acala are still undergoing heavy development. 2384 Total views 26 Total shares Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on…
Facebook Sources Say That Stablecoin White Paper Will Come on June 18
Multiple sources are expecting Facebook to launch its stablecoin on June 18, IT and fintech magazine TechCrunch reported on June 6.Citing people familiar with the plans, the publication added strength to existing suggestions from both within and outside the company that its secretive cryptocurrency project would appear this month.Previously, rumors had suggested it would be…
Bitcoin Still Faces On-Chain Scaling Trouble Ahead, Decred Co-Founder Says
As Bitcoin (BTC) continues to pick up mainstream traction, the asset's blockchain scalability remains an issue, according to Decred co-founder Jake Yocom-Piatt. "There is enough demand for on-chain Bitcoin transactions during peak demand times to completely fill blocks and drive fee rates up substantially," Yocom-Piatt told Cointelegraph, noting the struggles Bitcoin's network may face during times of…
Smart contract exploits are more ethical than hacking… or not?
There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in 2020, accounting for 50% of all hacks this year, according to a…
Sauvage Moderne
New privacy coin protocol “Lelantus” that combines Bullet Proofs, Confidential Transactions and One-out-of-Many Proofs to create a new protocol without a trusted setup. Way higher anonymity sets than Monero, no trusted setup (as opposed to Zcash), no fixed denominations (like in Zerocoin as used by Zcoin and PIVX) and based on standard cryptographic assumptions (as opposed to Zcash)