In a new report, the Biden administration’s Working Group on Financial Markets details what it believes are the dominant risks posed by currencies like Tether and USDC – and recommends the US Congress enacts new stablecoin laws. The Working Group on Financial Markets (PWG) worked with the Federal Deposit Insurance Corporation (FDIC) and the Office […]
US Govt Proposes New Stablecoin Laws Read More »
Bug bounties and contract audits are providing ineffective platform security as Cream Finance is forced to offer a 10% reward to the attacker who exploited its smart contract and stole $130 million worth of tokens. In the October 27th exploit of a ‘Flash Loan’ against Taiwan based Cream Finance, the company says an attacker flash
Cream Finance Hacked Again for $130 Million Read More »
San Francisco based DeFi platform Compound has revealed around $62 million worth of its COMP tokens have not been returned after a flawed smart contract update on September 29th allowed many users to help themselves to the platform’s native token. The bug in the Comptroller contract was introduced on September 29th when the Proposal 62
Compound Contract Bug – $62 M of Comp Still Missing Read More »
As the crypto-finance market continues to expand, more details have been released about the new Gemini crypto credit card Gemini has announced that its new crypto credit card will be a Mastercard and its issuing bank will be Salt Lake City, Utah, based WebBank. Gemini says its Mastercard credit card will be launched in the
The Gemini Crypto Credit Card – New Details Released Read More »
