Although it has only been a few months since India joined the CBDC race. The government has no plans to accelerate its central bank digital currency (CBDC) trial. On February 8th, as per reports, the country’s new CBDC trial has already attracted 50,000 customers. And 5,000 merchants since the Reserve
To the tune of $3.6 million in cryptocurrency, an assault on the reentrancy vulnerability of the decentralized finance (DeFi) protocol dForce has resulted in the theft of funds. Curve Finance is an automated market maker (AMM) platform. That uses the Arbitrum and Optimism blockchains, and its vault was the target
A vulnerability in the smart contracts underlying the decentralized finance (DeFi) protocol CoW Swap has resulted in the theft of around 551 BNB worth around $181,600. The attacker reportedly added a wallet address as a “solver” of CoW Swap. And then used a transaction to authorize DAI transfers to SwapGuard
A new technique known as “Ordinals” is making waves in the Bitcoin ‘BTC’ community. The idea enables non-fungible tokens (NFTs) to transact directly on the Bitcoin blockchain. The consequences triggered a divide between Bitcoin sophists and others who believe the network is wide and diverse enough to support a variety
Partners will utilize Quadrata’s passport network to keep bad actors off their platforms, provide a streamlined KYC process and unlock capital efficiency for its users MARINA DEL REY, Calif.–(BUSINESS WIRE)–Quadrata, a Web3 identity solution bringing compliance and reputation to public blockchains has partnered with nine DeFi protocols: TrueFi, Archblock, BSOS,
Former CEO of Hard Rock Café International and Participant Media brings 25+ years C-level experience with prominent entertainment and public companies LOS ANGELES–(BUSINESS WIRE)–Today, the award-winning music, entertainment and experiential platform, LiveOne (Nasdaq: LVO), is pleased to announce that Jim Berk will join the Board of Directors for PodcastOne, a
Indian executives are opening up their thoughts about cryptocurrencies and digital assets to the world. One such personality is the Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Shri Rajeev Chandrasekhar. India’s Electronics and IT Minister at the Itech Law International Conference 2023 informed, the
Nexo Capital Inc, a significant lending platform, has agreed to pay $45 million in penalties to settle charges brought by the Securities and Exchange Commission (SEC) and state regulators. For failing to register the offer and sale of its retail crypto asset leading products, known as Earn Interest products. As
When it comes to Bitcoin and other digital currencies, the Reserve Bank of India (RBI) has issued a strong warning. Governor of the Reserve Bank of India Shaktikanta Das said, in light of the FTX disaster, that such illiquid instruments “are nothing but gambling” and that their apparent value is
Authorities in Europe have shut down a fraud network of call centers that preyed on people interested in investing significant sums of money in cryptocurrency scams. The facilities were located in Serbia, Bulgaria, Cyprus, and Germany. According to a news statement issued by Eurojust on Thursday, the network was responsible
