US President Biden will soon be signing an executive order that will have direct effect on bitcoin, cryptocurrencies and CBDCs. Keep in mind that no direct action will be taken from this order as it only lays out a process and series of deadlines for an interagency team to write framework around digital assets in 6 different, broad, categories. There are six categories of ‘objectives’ set out by the executive order.
(more…)Stone Finance launched its project today and within minutes, performed the rug pull on its investors. Its contract was unverified and anyone who mentioned the word rug was immediately banned from their discord. Well, the project is gone now and so is your money, incase you invested in a shady project like Stone Finance.
We all know what is happening in Ukraine right now on the ground but looks like Ukraine authorities have started to lose control of their online properties like social media accounts as well.
Nunchun, a self-custodial and multi-sig bitcoin wallet received an email from Ontario’s Superior Court of Justice to freeze users’ assets and prevent them from being moved. Canadian government wants its citizens to stop moving their funds to bitcoin and other cryptocurrencies. The government has already frozen bank accounts of those who are going against them.
(more…)One of the most dreaded cyber-attacks today is ransomware. In this type of attack, malware is directed to a company or personal database where it encrypts all the files, making them unavailable for users unless they pay a ransom for decryption. But this is not the only threat that can face your business or data. Acts of arson, insider threats, and computer crashes can easily wipe it out. Now, you have a reason to smile because blockchain technology has a solution that you can rely on.
Myriad NFTs are currently being bought on OpenSea website for very cheap, way below the floor price. The account that is doing this goes by the name OpenSee will refund ask them. The hacker is clearly taking a jab at the OpenSea’s website security by asking NFT artists to ask them for refund.
Hayden Adams, investor of popular decentralized exchange, Uniswap, had his account closed by both JP Morgan and Chase bank. This was done without giving any notice to Mr Hayden.
Nowadays, any company, from small local ones to state organizations and multinational companies, is concerned about its security. However, buying specialized software, hiring a specialist who will write the system security codes, and periodically updating them will not be enough.
Crypto lending is a new way to get more from your cryptocurrency investments. With the recent explosion of decentralized finance (DeFi), it’s easy to see why this topic would be popular- investors are finding all sorts of ways they can make money while giving back stability in an ever-changing world! We’ll take some time here at CryptoLendingExpertise to break down what crypto loans mean so you don’t get caught off guard when investing or borrowing funds using these digital assets as collateral without fully understanding the risks involved.
Crosswise token was exploited on Binance Smart Chain for a total loss of 880,000 dollars for the protocol. This hacker made use of privileged function in smart contract that was exploited to set the trustedForwarder and further hijack the owner privilege of Crosswise MasterChef. This privileged function was publicly exposed.
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