Token airdrops targeted by farm accounts and ‘Sybil attacks’

The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets. 1407 Total views 21 Total shares A study of cryptocurrency taxation regimes from around the world by the Organization for Economic Co-operation and Development, or OECD, found that global crypto taxation laws are highly inconsistent.Source: OECD Report.The way crypto assets are defined…

Compound Finance is just one of the latest victims of DeFi hacking incidents in 2021. On Sept. 30, its errant token distribution bug within the Proposal 062 exposed a flaw in which $70 million–$85 million in excess COMP tokens were wrongly distributed to users. Yet, an extra $65 million was placed in a vulnerable vault a…

Over 4,400 people responded to a poll created by Nathaniel Whittemore on Twitter last week, explaining what they did before becoming involved in cryptocurrency.A guy who designed helicopter manufacturing processes. A plumber. A prison inmate. A nutritionist.Someone described a group of surgeons who brought a fund to life; someone else pointed out that the industry…

The Balancer automated market maker protocol has been hacked for over $500,000 in a single Ether (ETH) transaction, facilitated once again by a dYdX flash loan.As analyzed by the 1inch.exchange team a few hours after the incident, a carefully crafted transaction taking more than 8 million gas, or about two thirds of an Ethereum block,…

The software giant is reportedly developing its own machine learning chips to power AI projects for OpenAI and its own internal teams. 412 Total views 5 Total shares Own this piece of history Collect this article as an NFTMicrosoft has secretly been developing its own artificial intelligence (AI) chips to deal with the rising costs…

The commissioner said she had seen awareness and knowledge of digital assets grow in her five years at the SEC, but largely, there was “more of the same” on enforcement actions. Hester Peirce, one of five commissioners with the United States Securities and Exchange Commission (SEC) and an outspoken proponent of crypto, has urged lawmakers

The Circle Reserve Fund is managed by BlackRock under the custody of Bank of New York Mellon. 96 Total views 1 Total shares Circle, the issuer behind USD Coin (UDSC), announced that it has now begun to invest part of its funds in Circle Reserve Fund, created earlier in a partnership with the world’s largest asset…

Clinton-era Treasury Secretary Summers doesn’t buy some of the crypto community’s anarchic sentiments but agrees that they are solving a major problem. 384 Total views 7 Total shares In a June 25 interview with Circle’s Jeremy Allaire, former Treasury Secretary Lawrence H. Summers talked about crypto’s ability to patch up the modern financial system, particularly…

Customers of major crypto exchange Binance can now purchase crypto directly using debit and credit cards via payment processing firm Koinal.2.5% fee for buying crypto from Visa and MasterCardBinance users can now buy crypto using their Visa and MasterCard debit and credit cards, the company announced in a blog post on Sept. 25.Using Koinal, Binance…