Are two recent attacks taking advantage of “flashloans,” low liquidity and price oracle issues the first of more to come? Part of what makes decentralized finance, or DeFi, interesting to people is how it takes advantage of open-source protocols to enable types of transactions never before available. The problem, however, is financial structures mean new
The 2020 All-Star weekend took place in Chicago, the home of the legendary Chicago Bulls. Bulls owner Jerry Reinsdorf reportedly opposed hosting the All-Star event, and it’s not hard to see why. Despite talk of playoff basketball in Chicago, the season is looking like yet another write-off under beleaguered coach Jim Boylen. This season’s NBA
Blocknox, a subsidiary of the second largest German stock exchange Boerse Stuttgart, is expanding its cryptocurrency custody service to institutional players. According to an announcement from the bourse on Tuesday, Blocknox already provides custody for crypto assets on an “escrow basis,” and has made the service available to users of Boerse Stuttgart’s BISON app and
Significantly less flights are going in and out of China two months into the coronavirus outbreak. It puts pressure on China and the government’s wish to recover the economy. People’s Bank of China already cut its rate to support local firms, which it was reluctant to do even during the trade war. A timelapse video
The Australian entrepreneur who claims to be the inventor of bitcoin has suggested he might take legal action against the cryptocurrency’s developer team over claimed infringement of his intellectual property. In a blog post published last Thursday, Craig Wright said while forks of bitcoin would be allowed under the open-source MIT license under which bitcoin
Although it looked unlikely early on, the LA Dodgers have won the off-season with their trade for Mookie Betts and David Price. Last season, the Dodgers won a franchise-best 106 games. Have these moves made them even better? Can Mookie Betts lead the Dodgers to their first World Series victory in over 30 years? By
The Central Bank of Russia (CBR) has formally proposed a legal framework for tokenization, but also plans to label cryptocurrency transactions as suspicious activity, it said in a press release Monday. The CBR announced it had successfully piloted a platform that allows users to tokenize assets, including equities and currencies, and issue them to investors.
Berkshire Hathaway has moved into defensive stocks as stakes in recession-prone companies were cut. Warren Buffett’s heavy exposure to financials is now lower. Charlie Munger recently warned of “lots of troubles” ahead for the economy. Warren Buffett’s most recent stock purchases point to growing concerns that an economic downturn is right ahead. A Feb. 14
Bitcoin’s price pullback looks to have stalled with the bears losing steam near former hurdle-turned-support on Sunday. The number one cryptocurrency by market cap ran into offers over the weekend, having faced multiple rejections near $10,500 on Feb. 12–13. Notably, the cryptocurrency fell nearly 4.5 percent on Sunday – its biggest single-day decline since Nov.
Since January 23, the lockdown of the Hubei region, the number of confirmed cases of coronavirus surpassed 71,000 in mainland China. Despite strict measures from the government such as household quarantine, the virus outbreak is showing little signs of slowing down. Data from the South China Morning Post indicates 1,775 individuals have passed away due
Bitcoin miner maker MicroBT has rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain’s dominance. MicroBT sold about 600,000 units of its flagship WhatsMiner M20 series last year, Vincent Zhang, sales head of the Shenzhen-based company, said in an online panel hosted by Chinese mining pool
The coronavirus outbreak continues to spread, and scammers are exploiting the crisis to defraud you. Scammers are soliciting bitcoin donations to help “fight the virus,” while investors in U.S. microcap stocks are another easy target. Don’t fall prey to any of these five scams. A good scammer never lets a crisis go to waste. Even
Viktor Bunin is a protocol specialist at Bison Trails, a company that offers one-click access to various blockchain nodes. While the number of Bison Trails users is, according to Bunin, headed “up and to the right,” he addressed concerns with Libra and the recent drop-out of major banking and business players. In short? He’s not
Greta Thunberg is getting her own TV show. Thunberg is a very modern celebrity. Like Kim Kardashian, she’s famous for doing absolutely nothing. Unless you count complaining. We learned this week that Greta Thunberg is getting her own television show. It will be a documentary about her “extraordinary” life as the face of climate change
In his 1991 book, “Crossing the Chasm,” management consultant Geoffrey Moore defined a crucial gap between the early adopters of a new technology and the larger populations of users that come later. Decentralized finance (DeFi) may now be approaching a gap of its own. This article focuses on DeFi services that allow deposits of ether
The Trump administration declared India a developed country, which means it will lose all the benefits it used to receive under the Generalized System of Preferences scheme. India’s Prime Minister Narendra Modi was planning to turn the country into a $5 trillion economy by 2024. The Trump administration’s decision delivered a deathblow to those plans.
Decentralized finance (DeFi) project bZx has suffered an attack in which a hacker successfully gamed multiple DeFi protocols to extract $350,000 from the platform, about 2 percent of the assets under management. In response, the company took down its lending and trading protocol Fulcrum at 7 AM UTC. The company was presenting at ETHDenver during
YouTube star Logan Paul is quite the boxing draw, generating over 1 million PPV buys and $3.5 million in gate receipts for his bout with KSI. Eddie Hearn, who promotes Anthony Joshua, claims to have made a few offers to Antonio Brown for a money-spinning bout with Paul. The YouTube celebrity is losing patience with
CoinDesk Head of Research Noelle Acheson joins the Amun State of Crypto crew to discuss the advantages, disadvantages and eccentricities of crypto markets, exchanges, settlement and more. In this deep-dive conversation, the group discusses the differences in the market microstructure between the crypto asset industry and traditional capital markets. The guests drew from their experience
Warren Buffett underperformed the stock market by 20 percentage points in 2019. His classic ‘value investing’ strategy is no longer effective in this new financial market. The rapid rise of innovation and growth stocks like Tesla usher in a new era of investing methodology. For decades, Warren Buffett has been the king of investing. But