Tag: finance

Li Finance protocol loses $600,000 in latest DeFi exploit

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The Li Finance swap aggregator has experienced a smart contract exploit leading to the loss of around $600,000 from 29 users’ wallets. The exploit took place at 2:51 am UTC on March 20. The attacker was able to extract varying amounts of 10 different tokens from wallets that had given “infinite approval” to the Li Finance protocol. Among the stolen tokens were USD Coin (USDC), Polygon (MATIC), Rocket Pool (RPL), Gnosis (GNO), Tether (USDT), Metaverse Index (MVI), Audius (AUDIO), AAVE (AAVE), Jarvis Reward Token (JRT), and DAI (DAI). TLDR: •…

BIGGEST US CRYPTOCURRENCY NEWS HAPPENING NOW! AMAZING FOR BITCOIN, ETHEREUM, + ALTCOIN INVESTORS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Earn Bitcoin Back w/ BlockFi Rewards Credit Card: 👉👉👉 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 – Introduction (Watch The Whole Video)! 0:46 – Market Analysis: Bullish or Bearish? 1:28 – Bitcoin Hash Rate — BULLISH! 1:52 – Bitcoin On-Chain Bullish Divergence 2:30 – Supply will not be able to match demand. 3:08 – Altcoin News 3:35 – Miami Mayor Promotes Miami Coin on Fox!…

Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia – Finance Bitcoin News

A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation of the Russian fiat may be employed to evade sanctions that have been isolating the country. Digital Ruble to Serve as Reserve Currency, Lawmaker Suggests In the face of mounting Western penalties, officials in Moscow have been mulling over ways to circumvent restrictions that have already limited Russia’s access to its foreign reserves and the…

Metametaverse Secures $2 Million — Aims to Achieve Metaverse Interoperability – Finance Bitcoin News

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Metametaverse, a company whose purpose is the integration and interoperation of different metaverses, has already secured funding of $2 million for this idea. Joel Dietz, the founding father of this initiative and also from the uber-popular wallet Metamask, has stated this task might be achieved by building a common pool of assets and experiences through a Level 1 blockchain like Ethereum or Bitcoin. The Metaverse Interoperability Question The idea of the Metaverse linked to digital experiences and token economies is relatively new, and just now hundreds of companies…

Litedex Protocol, the First DEX in Indonesia Supported by Deputy Minister of Trade as a Meta Finance Blockchain Developer, to be listed on LBank – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Mar. 20th, 2022 – LBank Exchange, a global digital asset trading platform, will list Litedex (LDX) on March 23, 2022. For all users of LBank Exchange, the LDX/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on March 23, 2022. Decentralized Exchange (DEX) Protocol is a blockchain-based financial system designed to provide an open financial service that is transparent without intermediaries, permissions and available to everyone without a centralized authority. As a decentralized exchange protocol, Litedex (LDX) aims to adopt…

Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions – Finance Bitcoin News

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Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop of restrictions on currency operations amid western sanctions. Monetary Authority Urges Banks to Control Spending Linked to Crypto Assets The Central Bank of Russia (CBR) has notified banks of the need to track certain transactions including those involving cryptocurrency. The financial regulator has sent out a letter calling on the institutions to identify “anomalies in the transactional activity” of their…

Crypto Exchange FTX Partners With AZA Finance ‘to Expand the Adoption of Web3 and Digital Currencies in Africa’ – Emerging Markets Bitcoin News

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Sam Bankman-Fried’s FTX is partnering with AZA Finance to expand the use of digital currencies and Web3 in Africa. Through this arrangement, the two companies will also work to “onboard African NFTs and artists onto the FTX NFT marketplace.” Bolstering Adoption of Web3 and Crypto in Africa Hong Kong-based cryptocurrency exchange FTX recently announced the start of a partnership with AZA Finance, whose objective is to “expand the adoption of Web3 and digital currencies throughout Africa.” This also includes non-fungible tokens (NFTs). A statement released by AZA Finance said the…

Luno Launches Venture Fund to Invest in Over 200 Crypto and Fintech Startups per Year – Finance Bitcoin News

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Luno cryptocurrency exchange recently announced the launch of an investment arm, Luno Expeditions, whose objective is to invest in fintech, crypto, and Web3 startups globally. The investment arm will target digital assets and later-stage companies starting from Series A upwards. Funding Over 200 Startups per Year One of Africa’s pioneering cryptocurrency exchanges, Luno, recently announced the launch of an early-stage investment arm whose objective is to back fintech, crypto, and Web3 startups. Known as Luno Expeditions, the investment arm is expected to fund somewhere between 200 to 300 startups each…

Bank of Russia Allows Sberbank to Issue Digital Financial Assets – Finance Bitcoin News

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Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukraine, including limiting Moscow’s access to the global financial market. Sberbank Added to Central Bank’s Register of Crypto Asset Issuers The Central Bank of Russia (CBR) has added Sberbank, the country’s leading banking institution, to its register of information system operators permitted to issue digital financial assets (DFAs). The term is used to describe various types of cryptocurrencies in the country’s…

Bitcoin rebounds 12% in a week, sell now or hodl? Gareth Soloway's key price levels to watch

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Gareth Soloway, chief market strategist of InTheMoneyStocks.com provides an update on Bitcoin, gold, stocks, and oil with David Lin, anchor for Kitco News, in light of recent developments in Eastern Europe. 0:00 – Bitcoin 10:00 – Monetary policy 14:18 – Stocks 16:50 – Oil 19:32 – Gold 22:47 – When to sell Bitcoin? #Bitcoin #gold #stocks __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with…