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“# Digital yuan will work with WeChat and Alipay, says bank exec ” The forthcoming digital yuan will reportedly be compatible with major payment networks within the country. Mu Changchun, the head of the People’s Bank of China’s digital currency research institute, said that the central bank-backed digital yuan will be compatible with major mobile…
“# Harvest Finance puts $100K bounty on alleged hacker ” Harvest Finance, a major decentralized finance protocol, has seemingly issued a $100,000 bounty in the aftermath of a $24 millon attack targeting its liquidity pools. In an Oct. 26 tweet, Harvest Finance said that there is enough data so far to identify the attacker, “who…
“# Corporate disclosure is the only way to get crypto institutionalized ” Some people predicted that crypto assets were going to be a fad that would quickly come and go. But in just a short time, we’ve seen crypto assets become the focus of new innovation. Cryptocurrencies have offered value exchange, the ability to generate…
“# Cybercrime task force monitoring the global digital financial system ” The United States faces a growing threat of transnational cybercrime, particularly against its financial system. In what may be the largest prosecution of its kind in U.S. history, the U.S. Department of Justice has charged Texas tech billionaire Bob Brockman in a 39-count indictment…
“# The unluckiest DeFi protocol? A personal take on bZX’s tumultuous year ” Decentralized finance platform bZX has frequently been in the spotlight this year, only not for the right reasons. Most DeFi platforms popular today, including bZX, began their journey around 2018, at the tail-end of the initial coin offering boom. In 2019, DeFi…
“# IPFS lead explains how malicious files are eliminated from its network ” The InterPlanetary File System, or IPFS, helps decentralize the internet by making files available across multiple locations instead of through a single centralized point of failure. What happens if someone reports a problematic IPFS file, however? Dietrich Ayala, ecosystem lead for IPFS, explained the process:…
“# Attack of the bots! Paxful fights off thousands of automated threats ” Paxful, a peer-to-peer cryptocurrency marketplace, has successfully defended against a number of serious threats, including 220,000 bot attacks and a variety of social engineering ploys — all in the span of two months. During the same time period, hackers managed to steal…
“# Anonymous devs behind a DeFi yield farm could steal $1B in 12 hours ” Harvest Finance, a decentralized finance project that succeeded in attracting over $1 billion in funds locked has an admin key that gives its holders the ability to mint tokens at will and steal users’ funds. As noted by auditing companies…
“# Quantstamp will audit the entire blockchain of a new DeFi project on Polkadot ” One of the first audits of a decentralized finance project connected with the Polkadot (DOT) blockchain is set to be carried out by blockchain security firm Quantstamp. The project, Equilibrium, had first announced its plans to develop an interoperable protocol on Polkadot…
“# Japanese soccer star Keisuke Honda launches his own crypto ” A Japanese professional soccer player is launching his own cryptocurrency to boost fan engagement. Keisuke Honda, former Japan midfielder and currently a captain of the Brazilian professional league team Botafogo, has launched his own token to build new connections with his fans, Cointelegraph Japan…