Spanish Bank A&G Launches Crypto Investment Fund Offering
A&G, the top private bank in Spain, has launched a cryptocurrency investment fund, signaling increased adoption throughout Europe. The fund’s brochure has already been filed with the National Securities Market Commission (CNMV), according to a Europress article. This investment product will be made available by A&G to interested clients. A&G chose to respond to a […]
Solana Game Developer Automata Announces Mass Layoffs
Automata a game company based in Solana, will see “a significant headcount reduction” in order to maintain its ability to produce Star Atlas. After the reorganization, the Automata team will only have 45 employees, down from 235 in late 2022. Michael Wagner, CEO and co-founder of ATMTA, stated in the July 24 statement on Discord […]
Defi Platform Era Lend Exploited on zkSync
According to security company CertiK, the lending app Era Lend on zkSync was hacked for $3.4 million in cryptocurrency. The hacker employed a “read-only reentrancy attack,” a kind of assault that stops a multi-step process and then makes it resume after a malicious action has been carried out, to drain the cash. To be more […]
Russian President Vladimir Putin Signs Law on Digital Ruble
The Bank of Russia has promised no obligatory transfer of salaries and pensions to digital rubles when they are finally in use. According to a formal government document, President Vladimir Putin signed the measure establishing the digital ruble into law on July 24, advancing Russia’s central bank digital currency (CBDC). The digital ruble law is […]
US Congressman Proposes to Ban CBDC
Central bank digital currencies (CBDCs), according to US congressman Warren Davidson, should be outlawed and criminalized. The congressman referred to the Federal Reserve’s initiatives as “building the financial equivalent of the death star” in a tweet on July 23. This suggests that he has serious reservations about the central bank receiving potential power and control […]