Cryptocurrency

Are the BZx Flash Loan Attacks Signaling the End of DeFi?

Earlier this week, the decentralized lending protocol bZx was exploited in back-to-back “flash loan” attacks. While the two exploits were distinct, the end results remained the same. In total, $954,000 was gleaned from the platform. But what exactly happened? Was it an exploit, a simple case of arbitrage or a malicious attack? And where does …

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Chinese Government-Backed Institute Releases New Ranking of 37 Crypto Projects

</header> <strong>China’s Center for Information and Industry Development has published its latest crypto project ranking — the first this year. A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories.</strong> Also read: Bitcoin, Tesla Stock, Tron: How Warren …

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Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced

</header> <strong>Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring and simplification programs in the bank’s history,” explained interim …

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Wikipedia Co-Founder Says Crypto Integration Would Be ‘Completely Insane’

Wikipedia co-founder Jimmy Wales said Friday he has not seen a single practical use-case to convince him to integrate cryptocurrencies or blockchain into the platform. Speaking at the CoinGeek Conference in London, Jimmy Wales said cryptocurrencies would not add anything useful to Wikipedia. In fact, he believed it would prove detrimental to its vision and …

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Coronavirus Quarantine Controls and Shipping Delays Impact Bitcoin Miners

</header> <strong>During the first week of February, a few of the top mining rig manufacturers from China revealed they were forced to postpone device shipments due to the ongoing coronavirus outbreak. Regional reports from the country now disclose that shipments will be delayed even longer and Chinese mining rig companies and second-market suppliers are feeling …

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Ireland Seizes Bitcoin Stash Worth $56M in Criminal Forfeiture Ruling

</header> <p dir=”ltr”><strong>Ireland’s Criminal Assets Bureau (CAB) seized 6,000 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> was the …

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Bitcoin Superstar and Bitcoin Era – The Latest Two Faces of the Same Scam

</header> <strong>With the rising price and popularity of bitcoin come numerous scams. Bitcoin Superstar and Bitcoin Era are two investment schemes that have recently gained much attention. News.Bitcoin.com took a look at them, and it did not take much to spot how similar they are to each other and several other well-known scams.</strong> Also read: …

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Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

</header> <strong>Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator in charge of licensing crypto service providers, Boerse Stuttgart is preparing to offer crypto …

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Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC’s 41% Premium

</header> <strong>Cryptocurrency markets have seen fresh gains on Wednesday after the slight pullback that started two days prior. Most of the top 10 digital currencies by market cap have gained between 4-8% and the entire market valuation of all cryptos has hovered between $295-300 billion.</strong> Also Read: Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding …

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The IRS Is Inviting Crypto Firms to a ‘Summit’ in DC Next Month

The Internal Revenue Service has invited a number of undisclosed crypto startups to a summit on March 3 to discuss its existing approach to taxing cryptocurrencies as well as enforcement efforts, according to a copy of the invitation obtained by CoinDesk. The summit, to be held at IRS’s Washington, D.C. headquarters, will consist of four …

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