Day: April 16, 2023

Police in Kosovo Seize Crypto Mining Rigs From Serbs – Mining Bitcoin News

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Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in Mainly Serb North Law enforcement in Kosovo has carried out raids against cryptocurrency mining in a northern municipality where Serbs form the majority of the population, the Turkish Anadolu Agency reported, quoting a member of…

DeFi lending protocol, Hundred Finance, hacked for $7.4m

Multichain lending protocol, Hundred Finance, was hacked on Ethereum’s layer-2 scaling solution, Optimism, resulting in a loss of approximately $7.4m. Hundred Finance hacked On April 15, the DeFi platform announced that it had contacted the hacker and collaborated with many security teams. The protocol also requested anyone with information to get in touch. Estimated current loss is ~7m USD. Once again we hope the hacker will reach out back to us and we will be able to find a joint solution to resolve this matter. 🙏 Thank you everyone for…

BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs – Featured Bitcoin News

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During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full surveillance economy that can be controlled directly by the central bank.” ‘Convincing You to Support a Controlled CBDC Has Begun’ In the past week, discussions about CBDCs have trended on social media, and commentary shows…

Uniswap passes proposal to launch on Polygon zkEVM 

The Uniswap community has fully supported a proposal to deploy the exchange’s protocol to the Polygon Zero Knowledge Ethereum Virtual Machine rollup (zkEVM). All participating UNI token holders unanimously voted on the proposal to see a large list of projects built on the Uniswap v3. Uniswap is a top decentralized exchange; UNI is the portal’s native token. Uniswap v3 to feature Polygon’s zkEVM  All 191 UNI holders voted to pass the proposal to deploy Uniswap’s protocol on scaling solution provider Polygon’s ZkEVM rollup. The votes surpassed the 40m threshold, and over…

Bitcoin breaks $30,000 as ethereum hits $2k after Shanghai, global crypto adoption rising

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This week was mostly bullish for crypto assets, particularly considering the stellar performance of top virtual currencies. The successful implementation of the Shanghai upgrade on Ethereum saw ETH, the native currency of the smart contracting network, push above $2,000 for the first time in 2023. Meanwhile, bitcoin (BTC) broke above $30,000 as bulls extended gains. Meanwhile, there were more positive news on adoption despite a wave of disheartening breaches and fraud puncturing investor confidence. A resurgence of hacks and fraud schemes Terraport Finance, a decentralized finance (DeFi) project on the…

Lessons on Fractional Reserve Banking From 15th Century Italy – Featured Bitcoin News

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Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers were early adopters of fractional reserve banking, a practice that Medici Bank customers were unaware of, and that ultimately led to the financial institution’s failure. ‘Nothing New’— How the Medici Bank Failure Is Still Very…

Hundred Finance loses $7 million in Optimism hack

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Multichain lending protocol Hundred Finance has experienced a significant security breach on the Ethereum layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million. Hundred Finance announced the exploit on April 15, saying it had contacted the hacker and was working with various security teams on the incident. Although the protocol didn’t reveal how the attack was executed, blockchain security firm Certik noted that it was a flash loan attack: #CertiKSkynetAlert @HundredFinance’s attacker manipulated the exchange rate between ERC-20 tokens and htokens which allowed them…

Algorand, digitoads, and vechain can rally ahead of upcoming utilities

Cryptocurrency investments work similarly to traditional investments. Therefore, like with any other investment asset, the best time to buy a token of a new project is when the price is still low.  It ensures that early investors can make more profit when the demand picks up, driving prices higher. The lower you can buy as an investor, the higher your probability of getting high returns on your investment. For this reason, investors are often on the search to buy promising crypto projects. The best way to profit is to buy…

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021 – Altcoins Bitcoin News

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Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. BUSD Stablecoin Supply Hits Lowest Point in Two Years BUSD, which was once among the largest stablecoins, remains the third-largest USD-pegged token. However, on February 13, 2023, Paxos announced that the New York State Department…

5 tips for landing a tech job

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In today’s tech industry, there is a high demand for professionals with expertise in fields such as artificial intelligence, data science, cybersecurity, and cloud computing. Companies are seeking individuals with a combination of technical and soft skills, including strong communication, problem-solving, and collaboration abilities. Here are five tips to land a tech job. Build a strong online presence In the tech industry, having a strong online presence is crucial. This includes having a well-crafted LinkedIn profile, a personal website or blog, and active engagement on relevant online communities and forums.…