The firm announced its pivot to mining in January. Original
Gaming Company The9 Is Buying 5,000 More Bitcoin Miners
Day: February 5, 2021
Jigstack’s Viral Looping Brings Legitimacy to Multilevel Marketing
The VLM approach is expected to become synonymous with legitimate business practices, and it will eventually be the norm for multilevel marketing. Multilevel Marketing, or MLM, is a very controversial business structure. It is a model that facilitates legitimate business ideas and pyramid schemes alike. Viral Looping, or VLM, is designed to address these concerns and offer a more viable alternative. The Perception of MLM Schemes In the public eye, multilevel marketing, or MLM companies, are something to avoid altogether. Although the business model is sound, this model’s top-down narrative…
How Ardor is Attracting Real-World Use Cases for Blockchain
The real-world use cases supported by Ardor demonstrate that, nearly four years on from the initial enterprise blockchain hype, blockchain has indeed found the problems it can solve. As recently as a few years ago, enterprise blockchain was still often the headline news in the cryptocurrency press. However, it was frequently hype-based speculation based on a report that any given company was considering a pilot. Therefore, at that time, the reality couldn’t possibly match the hype, resulting in the accusation that blockchain is a “solution looking for a problem.” As…
Crypto Payments Startup Metal Pay Applies for National Bank Charter
The recent application will first go for public comments for a 30-day period and later will move towards OCC approval. Metal Pay expects a decision from the OCC within the next four months. Metal Pay, the US-based peer-to-peer crypto payments startup, has recently applied for a National Bank Charter in America. Dubbed as the “First Blockchain Bank and Trust, N.A.”, the trust company will be based out of South Dakota. The crypto startup submitted this application to the Office of the Comptroller of the Currency (OCC) earlier this week on…
Whitehat hacker receives $1.5M bug bounty after patch pumps token price
A whitehat hacker has seen what was already one of the largest smart contract-related bug bounties ever awarded more than double, after the ARMOR token price pumped following the announcement of his reward. On Feb. 3 ArmorFi announced that Alexander Schlindwein of Idea Markets had identified a critical bug in its smart contracts before the insurance brokerage platform went live. If left unpatched, the bug would have allowed a bad actor with just one dollar of coverage to drain the entirety of funds from ArmorFi’s underwriting contract. Schlindwein was awarded…
Robinhood Lifts Trading Limitations Put on Volatile Stocks Like GameStop
Robinhood had earlier put buy limitations on approximately 13 equities including GameStop, Koss, Express, Nokia, Blackberry and others. After limiting buy orders from retail traders at the tail end of last week, stock trading platform Robinhood has removed buy limitations put on highly volatile stocks including GameStop Corp (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC). The company issued an update on its website late on Thursday, saying: “There are currently no temporary limits to increasing your positions.” As a result, retail traders interested in the prior volatile stocks…
When will Coronavirus Pandemic End with Today’s Vaccine Rates?
According to a recent poll carried out by IBD/TIPP, more Americans are now willing to get vaccinated immediately when it becomes available to them. If there is one question that everybody in the world is seeking an answer to now, it is the question of “when will the coronavirus pandemic end?” The coronavirus has been with us for the best part of a year now and some are beginning to think that it would remain with us permanently. While their thoughts are at best erroneous, especially due to the recent…
Hacker Refuses to Hand Police Password for Seized Wallet With $6.5M in Bitcoin
Throughout a two-year prison term, the man repeatedly refused to give wallet access to German authorities. Original
Yearn Finance DAI Vault Exploited, Attacker Pockets $2.8M after Draining $11M
News of the hack caused the Yearn’s native currency YFI to fall by around 15%, from $35,000 to just under $30,000 On February 5, Yearn Finance confirmed that their V1 yDAI vault has been exploited by a hacker. The DAI vault lost $11M with the hacker making away with $2.8M of this. Yearn has in the last few hours reassured the community that the attack has been mitigated with a full report to follow. The attack on the Yearn Finance vault was confirmed by Banteg from the Yearn team who…
Kuaishou Makes Debut with 200% Price Surge in Biggest Tech IPO since Uber
Kuaishou managed to raise $5.32 billion equivalent to 41.28 billion Hong Kong dollars in its Initial Public Offering (IPO). Short video company and a competitor of TikTok Kuaishou Technology Company Ltd over the last 24 hours made its market debut in Hong Kong on the right foot. According to the report, the Kuaishou company recorded a 200% price surge before closing the day with a surge of 160% on its debut. This has been said to be the beginning as the company stands a chance of raising about $6 billion…