Acting OCC head warns that ‘fools gold’ in DeFi reminds him of lead-up to GFC
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Bondly Finance urges users to stop trading following alleged exploit
The DeFi platform’s native token price dropped more than 60% following a compromise by an unknown party. 283 Total views 2 Total shares Decentralized e-commerce platform Bondly Finance is the latest decentralized finance (DeFi) platform to suffer an alleged exploit. The developer team advised the DeFi community to stop trading Bondly, the platform’s native token,…
Blockchain in journalism: Winds of change carry media to new frontiers
It is no secret that over the course of the last couple of decades, issues related to fake news, substandard fact-checking and rampant censorship have resulted in many mainstream media outlets losing the trust of their viewers and readers. In this regard, the 2020 Edelman Trust Barometer — a digital tool that serves as an indicator…
Hedge fund behind shorting GameStop reports 53% loss in January
A Melvin Capital client claims that the firm has "massively de-risked" its investment portfolio following the controversy involving short-selling GameStop stocks. 2429 Total views 9 Total shares Melvin Capital started 2021 with $12.5 billion in assets before retail investors from Reddit caused the firm to lose billions on its GameStop short positions.According to a Wall…
Crypto bill needs clarification on ‘digital commodity’ — Sheila Warren
CCI CEO Sheila Warren said that there was “a very tight window” to pass the crypto bill given the possible change in leadership following the 2022 Midterm Elections. 426 Total views 21 Total shares Sheila Warren, CEO of the Crypto Council for Innovation, said the Digital Commodities Consumer Protection Act currently being considered by U.S.…
Research Suggests STOs Are Better at Financing Startups than ICOs
Faculty at the Rotterdam School of Management argue that STOs are better for financing startups than ICOs. 1392 Total views 23 Total shares Thomas Lambert, Daniel Liebau, and Peter Roosenboom from the Rotterdam School of Management suggest that Security Token Offerings are better at financing start-ups than Initial Coin Offerings. Their research was published on…
Cryptokart: Another Indian Crypto Exchange Shuts Down Operations
Founder of Indian cryptocurrency exchange Cryptokart Gaurang Poddar announced that his company is shutting down in a LinkedIn post published last week.In his post, Poddar described the shutdown of the exchange as “difficult, given the hard work we've put in” but concluded that overall the experience was positive and that he was proud of the…
Loopring DEX Quickly Fixes Major Bug Before It Can Be Exploited
A security vulnerability on decentralized exchange, Loopring, was identified and quickly patched before it could be exploited. On May 7, Blockchain scalability and privacy specialist, Starkware, discovered a critical security vulnerability in the frontend wallet of Loopring’s decentralized exchange. This bug placed all $5 million worth of the exchange’s funds at risk.Starkware alerted Loopring, who…
Settlement not in the cards in SEC vs. Ripple case
Both parties are currently not considering terms for a pretrial settlement. 2700 Total views 40 Total shares The changing of the guard at the United States Securities and Exchange Commission seems to have affected any possible pretrial settlement in the SEC’s case against Ripple.This conclusion was part of a joint discovery letter filed on Monday…