The app is set to be rolled out in private beta in the coming days, with a full roll out on iOS in a few months time. Unstoppable Finance plans to release it on Android thereafter. So far, around 300,000 users have pre-registered for access to the app when it is available. Source
Tag: finance
Over $600K Vanishes From DeFi Project Blur Finance; Developers Disappear
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More Than $600K Vanishes From DeFi Project Blur Finance as Developers Disappear
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Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News
The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital Currency Program The Reserve Bank of Australia (RBA) announced the launch of a research program to explore the benefits of issuing a central bank digital currency (CBDC) for the country’s economy. The project, expected to take about a year, will be realized together with the Digital…
Curve Finance team warns users to avoid using site until further notice
On Aug 9, automated market maker Curve Finance took to Twitter to warn users of an ongoing exploit on its site. The team behind the protocol noted that the issue, which appears to be an attack from a malicious actor, was affecting the service’s nameserver and frontend. Don’t use https://t.co/vOeMYOTq0l site – nameserver is compromised. Investigation is ongoing: likely the NS itself has a problem — Curve Finance (@CurveFinance) August 9, 2022 Curve stated via Twitter that its exchange — which is a separate product — appeared to be unaffected…
Bitcoin.com to introduce Bitcoiners to decentralized finance: KBW 2022
Crypto platform Bitcoin.com is looking to expand its ecosystem by introducing Bitcoin (BTC) holders to the world of decentralized finance (DeFi) and implementing new services such as a decentralized exchange (DEX) in its platform. Speaking with Cointelegraph’s Andrew Fenton at the Korea Blockchain Week (KBW) 2022, Bitcoin.com’s head of financial services Corbin Fraser said that the company is moving from only being associated with Bitcoin Cash (BCH) to becoming a DeFi platform that caters to crypto users across multiple chains. Fraser explained that: “We’ve got a lot of BTC users…
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments – Finance Bitcoin News
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with its realization. Nepal Central Bank Prepares Legal Ground for National Digital Currency The Nepal Rastra Bank (NRB) is ready with revisions to the law determining its powers and responsibilities that would allow the monetary authority to issue a digital version of the country’s fiat currency,…
Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021 – Finance Bitcoin News
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and projects obtained last year. H1 Crypto Ecosystem Funding Report Shows Capital Continues to Flow Despite Crypto Winter A significant sum of money has been injected into specific blockchain projects and startups within the crypto industry,…
"Most People Have No Idea What Is Coming" – Sam Bankman-Fried On Crypto Market (BUY BITCOIN NOW?)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “Most People Have No Idea What Is Coming” – Sam Bankman-Fried On Crypto Market (BUY BITCOIN NOW?) Sam Bankman-Fried at the Bloomberg Crypto conference gives his outlook on the crypto market and predicts what he thinks is in store for Bitcoin, Ethereum and the wider crypto market. About SBF: Samuel Bankman-Fried, also known by his initials SBF, is an American entrepreneur, billionaire, and investor. He is the founder and CEO of FTX, a cryptocurrency exchange, and FTX.US, its U.S. affiliate. As of…
Debridge Finance Suspects North Korean Hacking Syndicate Lazarus Group Attacked the Protocol’s Team – Bitcoin News
According to the co-founder of Debridge Finance, Alex Smirnov, the infamous North Korean hacking syndicate Lazarus Group subjected Debridge to an attempted cyberattack. Smirnov has warned Web3 teams that the campaign is likely widespread. Lazarus Group Suspected of Attacking Debridge Finance Team Members With a Malicious Group Email There’s been a great number of attacks against decentralized finance (defi) protocols like cross-chain bridges in 2022. While most of the hackers are unknown, it’s been suspected that the North Korean hacking collective Lazarus Group has been behind a number of defi…