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'Huge Blow' to DeFi as Hackers Exploit Known Vulnerability


The DeFi (decentralized finance) industry just suffered another blow that reminds us that DeFi is still very much uncharted territory. What makes it worse is that the vulnerability used has reportedly been known. A blockchain security company PeckShield offered a detailed look into the attacks...

Chinese Central Bank Makes it Official: Digital Fiat Tests to Begin


The Chinese central bank, the People’s Bank of China (PBoC), has officially confirmed a number of digital currency testing reports – and has indicated that testing will soon begin in the country’s capital, Beijing. The PBoC has also rushed to insist that a digital yuan rollout will not spark...

Chinese IT Firms Deny Digital Currency Involvement as Shares Skyrocket


Chinese tech companies have been hurridly issuing statements denying they are involved with digital currencies – as stocks in domestic IT firms continue to soar on exchanges in the Middle Kingdom. And it seems that even though some leading companies have been going to great pains to distance...

There's Still Money for IEOs; Blockchain Fundraising Will Grow - Binance CEO


Changpeng Zhao. Source: Instagram, Binance Initial Exchange Offering (IEO) are still very much a thing and will thrive in the future, said Changpeng Zhao, CEO of major crypto exchange Binance. "I am still very confident in the IEO market," Zhao said, speaking at the virtual BlockDown 2020...

Facebook's Libra Confirms A New Plan To Please Regulators


In an attempt to ease regulatory concerns, Facebook's Libra just changed its initial plan to issue the multi-currency Libra Coin and now aims to start from single-currency stablecoins, such as LibraUSD, LibraEUR, etc. "This will allow people and businesses in the regions whose local currencies...

Digital Yuan Real-world Tests to Begin in May - Chinese Media Reports


Multiple domestic media outlets are reporting today that China is beginning its first tests for what is set to become the world’s first central bank-issued digital currency, with real-world tests coming in May. Chinese outlets say that the digital yuan, known in China as the DCEP (Digital Currency...

Bitcoin And Altcoins Rally, Ethereum Outperforms Major Coins


Recently, bitcoin price extended its decline below the USD 6,550 support area. However, losses were limited and BTC/USD bounced back sharply after tagging the USD 6,500 area. It is now trading above USD 6,850 and attempting another upside break above the USD 7,200 resistance. Similarly, most major...

Antisemitic Holocaust-themed ERC-20 Token Uncovered


The Holocaust Memorial, Berlin, Germany. Reporters have discovered a website build using the SquareSpace platform courted controversy by offering its users Holocaust-themed token in a World War II genocide-themed coin offering. The project appeared to make light of the Holocaust, which saw Nazi...

Investors Sue The Maker Foundation, MKR Goes up


The Maker Foundation, that supports the MakerDAO (MKR) project, is faced with a proposed class-action lawsuit by investors, which may take more than USD 28 million out of it, but the native token appreciated in the past day. Despite the lawsuit news for the Foundation, the 29th coin by market...

Are these the First Images of China’s Digital Yuan?


Social media users believe they have captured screenshots of a beta version of China’s much-awaited central bank digital currency (CBDC). WeChat users are believed to have gained access to the screenshots on Tuesday this week. Images have since been shared to Twitter in a series of tweets from...

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