There has been a hot political debate underway on who should take responsibility for countering North Korean hacks targeting South Korean cryptocurrency exchanges. Recently, South Korea’s financial watchdog made it clear that they do not see this issue as any of their business. According to Fn News, the Financial Services Commission, or FSC, has replied to a written inquiry from the National Assembly’s Political Affairs Committee on October 23. The FSC says that they’re not responsible for the crypto stolen during attacks from hackers sponsored by the Kim Jong-un’s regime,…
Day: October 23, 2020
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 in summer of this year. For its transition to Polkadot, the project has been developing new products for its decentralized, cross-chain money market, such as interoperable stablecoins, a synthetic asset platform, and a decentralized exchange. Equilibrium has emphasized that Quantstamp’s security audit will be much further-reaching than typical audits, which…
Bitcoin Price Forms Highest Daily Close Since January 2018
Bitcoin has undergone a strong surge over recent days, surging from under $12,000 to $13,000 as of this article’s writing. Analysts are starting to expect even more upside as the coin posts candle closes above crucial resistance levels. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Forms Pivotal Daily Close Amid Price Surge Bitcoin just formed a pivotal daily candle close, analysts say. One crypto-asset analyst that predicted BTC would see a V-shaped reversal after the March crash shared the chart below after the daily…