Telegram bot Banana Gun to absorb $3M loss from hack
Banana Gun has confirmed a $3 million loss caused by a vulnerability in its trading bot, which impacted experienced crypto traders.
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‘Bond King’ who called Bitcoin a lie now says BTC is a hedge against inflation
Jeffrey Gundlach argues that Bitcoin and gold could serve to protect investors from a weakening dollar in the long term. 2517 Total views 21 Total shares Bitcoin (BTC) is a recommended hedge against fiat currency inflation along with gold, one of its well-known critics now says.In an appearance on Rosenberg Research’s webcast series on Nov.…
‘Our democracy will better evolve because of DAOs,’ says Animoca’s Yat Siu
The rise of Web3 has paved the way for new business models that could shape the next phase of the internet. For instance, nonfungible tokens (NFTs) will play a large part in the open metaverse as the underlying assets people interact with. Decentralized autonomous organizations (DAOs) are also coming to fruition to allow for community…
Blockchain Data Developer Spring Labs’ Research Program Gains 16 Startup Members
United States-based blockchain startup Spring Labs announced sixteen fintech companies had joined its partner program prior to the release of its Spring Protocol in a press release Jan. 17.Spring Labs, which last year raised $15 million in funding, aims to release anti-fraud technology in the form of private P2P data sharing technology, powered by blockchain.At…
Mutual Owners, Mutual Funds: What We Know About the Bitfinex/Tether Scandal
In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with reserves meant for backing the stablecoin. Both companies share the same owner.Now, the crypto exchange…
Yam Suffers Technical Outage Following Scam Accusations
Yam Finance uncovered a bug the day after ShapeShift CEO Erik Voorhees called the project a scam. Yam finance (YAM), the latest fad in the crypto space, recently warned the public of a technical bug affecting the ecosystem. "We have found a bug in the rebasing contract," the project said in an Aug. 12 tweet. "All funds…
PayPal’s crypto ‘super app’ set to roll out soon
Dan Schulman said the project was already "code complete" and planned to be fully ramped in the United States in the next several months. 1359 Total views 58 Total shares Payment provider company PayPal said its users may not have much longer to wait to have greater crypto functionality through the platform. During PayPal’s Q2 2021…
Key Bitcoin price metric flashes its first bullish signal in 4 months
Bitcoin (BTC) has been struggling to sustain above the $53,000 support for the past three days, while Ether (ETH) soared to a new all-time high at $2,800. In the current scenario, some traders would rather wait for Friday's CME futures expiry before entering long BTC positions, as historically, its price tends to correct ahead of…
Getting hitched, Satoshi style: a Bitcoin-themed wedding in Lebanon
A Bitcoiner used his wedding day to share his love for his favorite digital currency, Bitcoin, by gifting 4,000 Satoshis to every guest and incorporating a volcano theme. 580 Total views 24 Total shares A Bitcoin (BTC) evangelist in Lebanon took their love for Bitcoin to the next level. Said Nassar, an international business engineer,…