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Cream finance, a defi borrowing and lending protocol, has been the victim of a hack that erased more than $29 million from its vaults. The attacker took advantage of a loophole in the implementation for adding the amp token to the protocol. This is the second time the platform has
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The transition to a more digitalized society based on an information economy has created intense pressure for companies to rethink their intellectual property (IP) management. Intangible assets can represent more than 80% of the value in a firm’s balance sheet, and intellectual property in the United States is now worth
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However, Elon noted that Tesla will not sell the existing Bitcoin investment as they plan to use it once the mining shifts to renewable and greener energy sources. Bitcoin price slid as much as 15%, below $50,000, after Elon Musk halted Tesla Inc (NASDAQ: TSLA) purchases with the
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Bitcoin price has been in free fall mode, plummeting sharply from $65,000 to now under $50,000 for the first time since March. Bitcoin Price Falls Under $50,000 Briefly Bulls at the moment have pushed Bitcoin price back up more than $1,200 as orders at $50,000 filled for the first time in a
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Decentralized finance protocols (DeFi) Cream Finance and Alpha Finance were victims of one of the largest flash loan attacks ever Saturday morning resulting in a loss of funds totaling $37.5 million, according to transaction details on Etherscan. Two hours later Cream said its contracts were “functioning as normal” and
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The amount taken is unclear but Yearn shows percentage losses for the DAI vault in the triple digits. Source
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GameStop (GME) has baffled Wall Street with its recent move as the investors from the Reddit community behind the price pump have forced big hedge funds to square off their short positions.The Reddit community r/WallStreetBets behind the ongoing short squeeze of the GameStop stock (NYSE: GME) is just refusing to
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David Schwartz, current chief technical officer at Ripple, is responding to reports his predecessor had lost access to hundreds of millions of dollars in Bitcoin. In a Quora post on Thursday, Schwartz said recent reports about former Ripple CTO Stefan Thomas forgetting the password to an encrypted hard drive containing thousands
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Bitcoin is the talk of mainstream media, Wall Street, business, and more. No television segment on finance these days doesn’t include a mention of the top cryptocurrency. But it has unfortunately led to some serious blunders, and misinformation being spread. A recent example is especially laughable and demonstrates how poorly researched
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Bitcoin price is still trading well above $30,000 after a nearly $5,000 retreat from highs set at the
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