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Wintermute crypto-heist

Updated on 2022-09-25: Wintermute hacked, $160 million stolen The only thing more frequent than a Twitter security incident is a web3 security incident. This week’s heist landed at Wintermute’s door, with $160 million in crypto funds stolen. Per The Record, Wintermute is a “market maker” for cryptocurrency platforms, an organization that holds a large inventory …

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Cryptocurrency, Blockchain, and Fintech News Headlines Update on September 21, 2022

Citi pilots blockchain bill of lading for trade finance Citi Bank has partnered with blockchain trade platform TradeLens. Using an electronic bill of lading instead of traditional paper based documentation is estimated to have reduced the transaction by ten days, as well as paperwork costs, postage and charges for storing the container at the port. …

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Cryptocurrency, Blockchain, and Fintech News Headlines Update on July 26, 2022

Saudi Chemicals Producer SABIC Launches Blockchain Pilot Project A Saudi Arabia-based chemical manufacturer Saudi Basic Industries Corporation (SABIC) has launched a pilot aiming to “investigate the possibilities of blockchain technology in supporting end-to-end digital traceability of circular feedstock [raw materials] in customer products”. It hopes to uncover the possibilities of the technology “in supporting end-to-end …

Read More about Cryptocurrency, Blockchain, and Fintech News Headlines Update on July 26, 2022

Cryptocurrency, Blockchain, and Fintech News Headlines Update on June 29, 2022

Russia accelerates blockchain pilot for digital ruble, claims it’s a way around SWIFT The Bank of Russia is piloting a blockchain system for a digital Ruble with 12 banks. It claims the digital ruble could be an alternative to SWIFT. “This also solves the issue of disconnecting from SWIFT, because with such integration, SWIFT will …

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Cryptocurrency, Blockchain, and Fintech News Headlines Update on May 31, 2022

WeWork’s Adam Neumann-backed blockchain startup Flowcarbon raises $70 million Possibly the most cited news in blockchain this week. The latest venture of former WeWork CEO Adam Neumann, Flowcarbon, has raised $70 million for its carbon credits platform and trading tools. The round was led by Andreessen Horowitz’s crypto unit and also included a token sale. …

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Cryptocurrency, Blockchain, and Fintech News Headlines Update on April 16, 2022

Tencent’s PayMaya launches crypto services in the Philippines Philippines-based fintech company PayMaya launched a new feature that allows users to buy, trade, cash in, and spend cryptocurrencies using their accounts within the app for free. The new feature aims to provide a full-suite crypto experience for its users. It will work within the PayMaya app …

Read More about Cryptocurrency, Blockchain, and Fintech News Headlines Update on April 16, 2022

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