ArmorFi’s CTO has also offered to get a tattoo chosen by the ethical hacker who found the bug.
A 24-year-old founder of two cryptocurrency hedge funds has pleaded guilty to securities fraud worth about $90 million.
The post Crypto hedge fund founder admits to nearly $90 million securities fraud appeared first on The Block.
The Reserve Bank’s assistant governor for financial systems, Michelle Bullock, said there is “a lot of fuss over bitcoin.”
Quick Take
- Flash lending allows Ethereum users to get capital for any action as long as they return these tokens to the liquidity pool at the end of the transaction.
- The most beneficial flash loan provider is dYdX, which allows borrowers not to pay a fee for the use of funds.
- While Aave is most commonly associated with flash loans, it is used less frequently than its competitors and is likely only due to its easy integration.
- Uniswap v2 flash swaps produced $7.5M fees for liquidity providers due to multiple DeFi attacks.
Dorsey will now have a hand in keeping the bitcoin network running.
Centralized payment firms like Visa, Mastercard and PayPal have an opportunity to offer innovative stablecoin payment networks, the research firm said.
Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle.
Global consulting giant EY is partnering with the Blockchain Service Network to expand its Ethereum-based OpsChain to China.
The post EY to extend enterprise blockchain to China on ‘localized’ Ethereum via BSN appeared first on The Block.
Caving to pressure from retail traders, South Korea’s ban on short-selling has been extended through May 2021.
The Senate has assigned pro-bitcoin senator Cynthia Lummis (R-WY) to the Banking, Housing and Urban Affairs committee.
The post Cynthia Lummis assigned to Senate Banking Committee, plans to launch ‘Financial Innovation Caucus’ appeared first on The Block.
