Cream Finance’s DeFi platform suffers a $19 million loss as a result of a flash loan hack
Using a reentrancy issue in the AMP token, the Cream Finance hacker was able to profit by $18.8 million over the course of 17 transactions. In a huge exploit, Cream Finance , a major decentralized finance (DeFi) protocol focusing on lending, was targeted by a hacker who stole approximately $19 million from the platform’s cryptocurrency. […]
Crypto is a worthless bubble – John Paulson
Despite the fact that the crypto market has stood the test of time, some billionaire investors do not believe it is a place worth the investment, of such, is billionaire investor John Paulson who has called crypto a worthless bubble. John Paulson, a billionaire investor who correctly forecast the subprime catastrophe a decade ago, has […]
OpenSea is looking to hire designers and engineers as its NFTs volume increases
OpenSea’s Head of Product Nate Chastain disclosed that the popular marketplace currently employs only 37 employees and is desperately in need of more hands following a surge in trading volume. As the popularity of nonfungible tokens grows, OpenSea, the world’s largest nonfungible token marketplace, is in desperate need of employees. Referral bonuses are also available, […]
Standard Chartered creates blockchain trading platform in collaboration with a Chinese fintech firm
According to the corporation, Standard Chartered (StanChart) has built a blockchain-powered trade finance platform with Chinese supply chain finance technology supplier Linklogis. According to a story published on August 30 by The Korea Herald, the platform, which will be known as Olea, would endeavor to address the needs of institutional investors that are “looking for […]
Man gets three years sentence for stealing mining rig in Russia
A 34-year-old man was found guilty of stealing Bitcoin mining rig worth more than 1.6 million rubles (almost $22,000) he reportedly could not use the stolen mining equipment due to a “lack of relevant knowledge.” According to a report released by the Prosecutor’s Office of the Yaroslavl Region, a Yaroslavl citizen was caught illegally accessing […]