Tag: finance

Compound pauses 4 tokens to avoid price manipulation: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. After the Mango Markets exploit last week, Compound protocol paused the supply of four tokens as lending collateral to protect it against any price manipulation. Crypto staking protocol Freeway said one of its trading strategies “appears to have failed,” forcing the firm to halt services earlier this week. October continues to be dominated by DeFi hacks as another DeFi lockup protocol, Team Finance, lost…

National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils – Finance Bitcoin News

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The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work in the country. Kazakhstan to Employ Binance Blockchain Infrastructure for Its Central Bank Digital Currency Project Kazakhstan’s monetary authority is going to integrate its central bank digital currency (CBDC) into the Bnb Chain developed by Binance, the founder and CEO of the world’s leading…

Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model

Called Frax Ether, the liquid staking system, went live on Oct. 13 in a soft community launch with an official announcement expected soon. The system has three components – frax ether (frxETH), staked frax Ether (sfrxETH), and the Frax ETH Minter. Staking refers to locking up coins in a crypto wallet in return for rewards. Liquid staking is the process of locking up funds to earn rewards while still having access to the funds locked via their liquid derivative coins. Source

Team Finance exploited for $14.5M during protocol migration despite contract audit

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On Thursday, decentralized finance, or DeFi, lockup protocol Team Finance said over $14.5 million worth of tokens were exploited though the Uniswap V2 to V3 migration function on its platform. As told by blockchain security firm PeckShield, the hacker transferred liquidity from Uniswap V2 assets on Team Finance to an attacker-controlled V3 pair with skewed pricing. By locking tokens to the contract, the attacker bypassed existing validation mechanisms and pocketed the huge leftovers as refund for profit.  Uniswap V3 was designed with better efficiency for liquidity providers (LP) than V2…

Cathie Wood Latest Update On Bitcoin And The Crypto Market

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cathie Wood Latest Update On Bitcoin And The Crypto Market 💰 Get Your $100 Bonus With iTrust Capital IRA Crypto Account: 💠 Best Crypto Exchange For Canadians – 👉 Finance And Global Economics Updates On Our 2nd Channel – 👉 Checkout Our Animated Metaverse/NFT Channel 👉 Enjoy Our Wojak Crypto Memes Videos – DISCLAIMER: We may receive a small commission for any purchases made through our affiliate links. Thanks For Watching Our Video 🤗 Please, like, comment, subscribe, and ring the bell!…

‘Nederland is waardeloos’ | Mr. Bitcoin | Bitcoin Amsterdam 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Abonneer voor het laatste bitcoin nieuws en de koers: 00:00 Intro —– Meer van BLOX? ✅ Koop crypto: ✅ Cryptonieuws: ✅ Facebook: ✅ Telegram: ✅ Twitter: ✅ Instagram: ✅ Abonneer youtube: ✅ Nieuwsbrief: Disclaimer: De informatie in deze video is niet bedoeld als beleggingsadvies of als aanbeveling tot aan- of verkopen van cryptocurrency’s. Het handelen in digitale valuta brengt een significant risico met zich mee en is op eigen risico. Welkom op het YouTube kanaal van BLOX. Hier vertelt Axel van den…

Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists – Finance Bitcoin News

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Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a relative safe haven as macro uncertainty continues.” Bank of America’s Market Strategists Say Bitcoin’s Rising Correlation With Gold Indicates ‘Investors May View Bitcoin as a Relative Safe Haven’ Market strategists from Bank of America’s securities…

Hong Kong Presents Digital Currency Prototype, Project Aurum – Finance Bitcoin News

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Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority (HKMA), and the Hong Kong Applied Science and Technology Research Institute has produced a prototype of Hong Kong’s upcoming digital currency, the Bank for International Settlements…

Stocks, Bitcoin will erase all gains since 2020 by year-end – Gareth Soloway

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com and Co-Founder & President, Verified Investing Education, discusses his outlook for Bitcoin, Ethereum, stocks, and gold with David Lin, Anchor for Kitco News. Follow David Lin on Twitter: @davidlin_TV ( Follow Kitco News on Twitter: @KitcoNewsNOW ( Follow Gareth Soloway on Twitter: @GarethSoloway ( Future Blockchain Summit Dubai: Dubai Crypto Party: #Bitcoin #ethereum #stocks 0:00 – Market recap 2:10 – Ethereum Merge 3:27 – U.S. stock market 7:50 – 10-year Treasury yield 9:50 – Japanese…