Cryptocurrency
Hackers steal $180 mn in crypto from Beanstalk Farms
Beanstalk operates a system where participants earn rewards by contributing funds to a central funding pool that is used to balance the value of one token at close to $1, reports The Verge. "Beanstalk suffered an exploit. The Beanstalk Farms team is investigating the attack and will make an announcement to the community as soon as possible," the company admitted in a tweet.
Opera Crypto Browser now available for iOS
The company said that Web3 is gaining further momentum day by day. "The Opera Crypto Browser, for Windows, Mac and Android, is a dedicated web3 browser with a built-in non-custodial crypto wallet," the company said in a blogpost.
Mark Zuckerberg's cryptocurrency dream gets over
"Despite giving us positive substantive feedback on the design of the network, it nevertheless became clear from our dialogue with federal regulators that the project could not move ahead. As a result, the best path forward was to sell the Diem Group's assets, as we have done today to Silvergate,a said Diem Networks CEO Stuart Levey.
Meta winding up its ambitious cryptocurrency project: Report
Facing regulatory hurdles, Meta (formerly Facebook) is reportedly winding up its ambitious yet controversial cryptocurrency project that its CEO Mark Zuckerberg once defended in front of the US Congress. Originally launched as Libra and later renamed as the Diem Association, the cryptocurrency initiative "is weighing a sale of its assets as a way to return capital to its investor members," Fortune reported on Tuesday, citing people familiar with the matter.
New NY Mayor takes his first salary in cryptocurrency
According to ZDNet, Adams received his first paycheck in cryptocurrency -- specifically, in a combination of Bitcoin and Ethereum coins -- becoming the first mayor of the Big Apple to have his check converted to crypto. Unlike those grand symbolic gestures associated with mayors -- be it breaking ground with a golden shovel, posing with a 24-karat gold key, or cutting a ribbon with an oversized pair of silver-plated scissors -- Hizzoner's payout is symbolic for a bigger reason.
Matt Damon-endorsed Crypto.com admits 400 users hit in hack
CEO Kris Marszalek told the media that nearly 400 customer accounts had been compromised.
During the hack, Crypto.com paused its users' ability to withdraw funds.
After India, Singapore warns crypto players not to woo public via ads
The Monetary Authority of Singapore (MAS) said that digital payment token (DPT or more commonly known as cryptocurrency) service providers should not promote their DPT services to the general public in Singapore.
Mozilla pauses crypto donations amid climate impact debate
Cryptocurrency mining has come under intense scrutiny for its climate impact globally. "Starting today, we are reviewing if and how our current policy on crypto donations fits with our climate goals. And as we conduct our review, we will pause the ability to donate cryptocurrency," Mozilla said in a tweet late on Thursday.
New smart-contract based crypto platform begins global operations
The smart contract allows users to start with as little as 0.01 BNB to get their profits up. Launching this XMAS season, BNBXMAS has been built to get the most out of the Binance Smart Chain without investing excessive amounts of time and resources into it.
20% of large firms will use digital currencies by 2024: Gartner
The prediction for wider adoption of digital currencies by 2024 is partly driven by the already healthy environment of service providers and off-the-shelf solutions available to large enterprises that have identified a specific use case for digital currencies. Macro-economic pressures related to ongoing high inflation, and its impact on fiat currencies, could push more CFOs to explore some digital currencies as a potential store of value for a portion of their reserves.
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