Crypto attack on Cream Finance costs over $130 Million

A major hack attack has cost $130 million to the Ethereum-powered lending protocol called Cream Finance.

Highlights

• Cream Finance suffers major crypto hack
• The company has lost around $130 million

Almost 68 crypto-assets we...

INCREASE IN ETPs HELPED COINSHARE’S DRASTIC GROWTH IN Q4

Highlights:

• Europe’s largest digital asset investment firm grew in Q4 by almost 147%
• The firm started trading on Nasdaq in March 2020

That the cryptocurrency domain was one of the few sectors that minted profits even through the pandemic was pr...

PRO CRYPTOCURRENCY OCC ACTING HEAD TO RESIGN SOON

Highlights: 

• Brain Brooks is a pro cryptocurrency Acting Head of OCC
• He was nominated by the outgoing President Donald Trump

With the out setting of the Trump government, the head of Office of Comptroller of the currency, Brian Brooks will leave...

STABLE COIN ADOPTION SURGED IN SOUTH KOREAN RURAL PROVINCE

Highlights:

• Buyeo County, a rural province of South Chungcheong South Korea, has experienced a rising demand for the blockchain-powered stable coin that was launched in 2019. 
• Most of the population of the South Korean County comprise of elderly ...

COINS HAVE NO PLACE IN AUSTRALIAN DIGITAL PAYMENT SYSTEMS POST CORONA

HIGHLIGHTS

• Australian banks gear up for less production of physical money
• People in Australia are shifting to the more digitalized economy from the conventional ways of payments to avoid social contact

Australian coin currency will l...

Digital Renminbi Coins, Electronic Dollar and the Stablecoins Backed Race to Central Bank

Top central banks around the world are preparing to introduce their state-backed digital currency. With its digital renminbi coins, China has set the pace with hopes of gaining a competitive advantage over the US in world trade.

The International Monetary Fund (IMF) assumes that, in add...

US, China and the chase for digitized currency

Digital currency (digital cash, electronic cash or electronic currency) is a sort of currency accessible in digital structure (as opposed to physical, for example, banknotes, and coins). It shows properties like physical monetary forms, however, they can consider momentary exchanges and borderles...