Cointelegraph By Zhiyuan Sun
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Should crypto projects ever negotiate with hackers? – Cointelegraph Magazine
Cointelegraph By Zhiyuan Sun - 0
“A highly profitable trading strategy” was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11.
By manipulating the price of the decentralized finance protocol’s underlying collateral, MNGO, Eisenberg and...
5 years of the ‘Top 10 Cryptos’ experiment and the lessons learned – Cointelegraph Magazine
Cointelegraph By Zhiyuan Sun - 0
When Redditor Joe Greene started the Top 10 Cryptos experiment in 2018, he bought $1,000 of Dash, NEM and Iota, among others, only to watch it crash to $150. But five years on, his experiment has paid off big time.The rules: Buy $100 of each of the top...
More than 2.6 million users signed up for the City of Shenzhen’s digital yuan airdrop
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According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups for its latest digital yuan, or e-CNY, airdrop. Two months prior, the City of Shenzhen announced that it would be airdropping 30 million of the e-CNY central bank...
According to China's state institution Xinhua News Agency, Lan Zou, head of monetary policy at the People's Bank of China (PBoC), announced that the country would be expanding the number of digital yuan (e-CNY) test sites in the country from 11 to 23. They are spread out across...
Why Alex Tapscott quit his high-paying job to write a book about Bitcoin
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"In 2015, I quit my job at the tender age of 29 to do something I'd never done, which is to write a book with no idea of what would come afterward." Fast forward seven years later, Alex Tapscott is now a renowned Canadian business author known for...
Miami is fast becoming one of the major hubs in the crypto world with more and more blockchain companies moving to the city each year.Miami famously plays host to the Bitcoin Conference each year, and digital assets have been embraced by the mayor and the wider population. Here’s...
DeFi protocol Porter Finance shuts down bond issuance platform after just one month
Cointelegraph By Zhiyuan Sun - 0
Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said:"Looking forward, we are not confident there will be large inflows of lending demand for fixed income...
eToro to terminate $10B SPAC merger in mutual agreement with acquisition firm
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On Tuesday, special purpose acquisition company (SPAC) FinTech Acquisition Corp. V announced that it terminated its purposed takeover of Israeli cryptocurrency exchange eToro via a bilateral agreement. In explaining the decision, Fintech V chairman of FinTech V Betsy Cohen said: "eToro continues to be the leading global social investment...
With the bear market in full throttle, crypto derivatives retain their popularity
Cointelegraph By Zhiyuan Sun - 0
The 2022 cryptocurrency bear market has been the worst on record as most Bitcoin traders are underwater and continue to sell at a loss. In response to the rapid decline of token prices, some investors have fled to safe-haven assets; some have exited the market completely and others...
Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism
Cointelegraph By Zhiyuan Sun - 0
In its latest financial stability report published on Thursday, the Reserve Bank of India, or RBI, reiterated its skepticism of digital assets, writing: "We must be mindful of the emerging risks on the horizon. Cryptocurrencies are a clear danger. Anything that derives value based on make-believe, without any underlying,...