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 …
The crypto industry has been gaining momentum lately. The latest equipment, and new ways of earning digital money and mining are appearing. Earlier we could produce cryptocurrency at home using a desktop computer, but now powerful equipment is created specifically for this purpose. They not only make this task easier but also speed it up …
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. …
The play-to-earn (P2E) model is the virtual economy’s future. You don’t need to look for an exchange to swap DAI to USD because you can get these coins by playing games. P2E accounts for 52% of the world’s cryptocurrency wallets and has over $3 billion in investments. P2E is a mixture of gaming, metaverse, and …
Bitcoin price drops below $20k, rumours of Mt. Gox sell off & rising Fed interest rates Bitcoin dropped below $20,000 for the first time in six weeks as fears over a sell-off by users of defunct exchange Mt. Got added to price pressures from the general market. The crypto market reacted to unconfirmed rumours that …
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 …
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 …
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. …
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 …
Are you interested in becoming a homeowner in the future? If so, it’s important to make sure that your finances are in order. Owning a home is a big responsibility, and it’s important to be prepared for the costs associated with it. In this blog post, we will discuss some tips for getting your finances …
It’s a bit of a vicious circle: the more convenience the internet offers, the more time we spend on it, the more opportunities we want to get from it. We’re already used to communicating, shopping, banking, learning, getting our news and meeting new people on various websites and apps – but did you know you …
The trusted betting company has been pleasing its customers with excellent offers for quite a long time. The gambling platform was created in 2016, and many gamblers of different levels like it. The office has profitable options for making money both for high rollers and beginners. To start increasing your capital, you need to visit …
Did you know that Mobile Wallet is more than just digital payments? Mobile Wallet is all of your coupons, Loyalty cards, gift cards, boarding passes, and more – all stored in the one place that’s always at your fingertips: Your mobile device. Not only that, Mobile Wallet is in fact a versatile marketing channel all …
Everyone is interested in making money by investing in bitcoin, but it’s risky and uncertain. Do you know what’s certain? A career in blockchain! As per the Tech jury, “By 2022, worldwide spending on blockchain solutions will reach $11.7 billion.” That’s massive and just the beginning.
Non-Fungible Tokens (NFTs) are currently making waves. These digital assets are selling fast, from music, arts to tacos, with some going for millions of dollars. But what exactly are NFTs, and how do they affect the real world. Simply put, NFTs are digital assets that represent real-world objects which can be bought and sold online. …
