Tag: finance

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country – Finance Bitcoin News

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The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will be better than the current one. Russia’s Minfin Open to Legalizing Stablecoins if Business Needs It The Ministry of Finance of the Russian Federation (Minfin) generally supports authorizing the circulation of stablecoins in the country, according to Ivan Chebeskov, director of the ministry’s Financial Policy Department.…

Crema Finance Attacker Returns Almost $8M, Keeps $1.7M Bounty

The exploit involved the attacker creating a fake tick account on Crema. A tick account is “a dedicated account that stores price tick data in CLMM,” the developers said, referring to Crema’s market-making protocol. After that, the attacker exploited a command by writing the data on the fake account and circumventing security measures. Source

Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL – Bitcoin News

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Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. Hacker Returns $8 Million in Crypto to Crema Finance On July 2, 2022, the defi project Crema Finance was exploited for roughly $8.7 million in crypto assets. According to the blockchain auditing firm Ottersec, flash loan attacks were used to siphon $8,782,446 worth…

DeFi protocol Porter Finance shuts down bond issuance platform after just one month

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Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said: “Looking forward, we are not confident there will be large inflows of lending demand for fixed income DeFi products like the ones offered through Porter Finance. This is primarily due to the competitiveness of rates offered in traditional finance and the lack of institutional fixed income DeFi adoption over the past year. We are also no longer willing…

Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’

CryptoX – Cryptocurrency Analysis and News Portal Porter founder Jordan Meyer said the platform was also shunning legal risks with the move. “We are also no longer willing to take on the legal risk associated with bond offerings,” Meyer said, without saying what those risks might be. “For these reasons, we are pivoting away from the bond issuance platform and exploring better opportunities.” Original Source The post Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’ appeared first on CryptoX. CryptoX Portal

HUGE BITCOIN CRASH STILL MONTHS AWAY (EXPERT SAYS)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Could Hit 10k (HERE IS WHY) 👋 HEY TAP THE LIKE IF YOU HOLD BITCOIN Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Full Unchained Podcast: Follow us on Twitter: Timestamps: 0:00 – EXPERT SAYS BITCOIN BIG CRASH STILL MONTHS AWAY 0:52 – Introduction (Watch the WHOLE Video) 2:01 – Big Crash (Months Away) Will Be A Lehman Brothers Moment For Crypto 3:10 – Counter Argument: The Worst is Behind Us…

CARDANO FOUNDER EXPLAINS CRYPTOCURRENCY REGULATIONS to US CONGRESS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Charles Hoskinson EDUCATES Congress on best crypto regulations for America. This affects the WHOLE crypto industry!!! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Watch Cardano Founder Opening Remarks on Crypto Regulation 4:56 – Charles Hoskinson helping WHOLE crypto industry (in America) 5:57 – How do you determine which of the 20,000 cryptos should be regulated? 8:04 – Cardano Founder Explains Crypto Regulation & Charms…

Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen – Bitcoin News

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According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed Another defi protocol has lost funds to a hacker as the Solana liquidity application disclosed it was attacked on Saturday, July 2, 2022. “Attention,” Crema Finance wrote on Saturday. “Our protocol seems to have just experienced a hacking. We temporarily suspended the program and…