Trying to minimize aggravation during a tax-filing season that could have plenty of challenges, the Internal Revenue Service said it is pausing one of its notices that could ferment taxpayer frustrati...
Tag: Finance
BSC-Based DeFi Project Qubit Finance Exploited for $80 Million in BNB
The Binance Smart Chain-based protocol Qubit Finance reported being hacked for $80 million worth of BNB. The attackers managed to create the illusion that they had deposited large amounts of xETH coll...
Aggregated Finance announces the addition of 2 lead farmers
Aggregated Finance (AGFI) has recently announced the addition of two Lead Yield Farmers (LYF’s) to their core team. The newest additions represent yet another step forward on AGFI’s path to advance ‘T...
Qubit Finance losses $80M in latest DeFi exploit
TL:DR Breakdown: About $80 million in crypto assets were stolen from Qubit Finance’s bridge. The hacker exploited an error in the protocol’s code to mint and borrow assets with zero funds deposited. A...
Binance Smart Chain Protocol Qubit Finance Hacked For $80M
Key Takeaways A hacker has stolen 206,809 BNB worth $80 million from Qubit Finance. The hacker exploited a vulnerability on the protocol’s Ethereum bridge. The Qubit team has offered a bounty of...
Qubit Finance suffers $80 million loss following hack
High-profile hacks have become more prevalent throughout the cryptocurrency market, and Qubit Finance is one of the latest decentralized finance (DeFi) protocols to be exploited by hackers. Hackers we...
Ethereum-BSC bridge of Qubit Finance exploited, lost $80 million
The cross-chain bridge of DeFi protocol Qubit Finance, called X-Bridge, has been exploited and lost $80 million in the process. X-Bridge facilitates swapping tokens from Ethereum to Binance Smart Chai...
DeFi Protocol Qubit Finance Hacked, Lost $80 Million
Qubit Finance, a Binance Smart Chain-based decentralized finance (DeFi) protocol, was recently attacked, resulting in the theft of more than $80 million worth of cryptocurrencies Cryptocurrencies ...
Russia Finance Ministry Proposes to Regulate Crypto Instead of Banning It
The Ministry of Finance proposed a regulatory framework that would enable cryptocurrency transactions to be carried out through Russia’s banking system, with infrastructure to monitor and identify tra...
DeFi Protocol Qubit Finance Exploited For $80M
Binance Smart Chain-based Qubit Finance was exploited for over $80 million by attackers on Friday morning, developers confirmed in a post. “The hacker minted unlimited xETH to borrow on BSC. The team ...
Poolz Finance Receives $1,000,000 Grant from Harmony
Vladislav Sopov With fresh funding, Poolz Finance will work on the integration of Harmony (ONE) smart contracts into its DeFi launchpad architecture Contents $1 million grant for Harmony (ONE) integra...
First Putin, now Finance Ministry: No crypto ban, rather regulation is the way to go
Russian lawmakers and administration are locking horns over the fate of the country’s cryptocurrency sector, even as the threat of a blanket ban looms over its head. In the latest development, the Rus...
Walmart Startup Hazel Acquires Two Fintech Firms to Develop Finance Super App
On January 26, Walmart’s fintech venture firm, Hazel, announced that it is acquiring two financial technology companies as it aims to develop a financial services super app where consumers can manage ...
Duet Protocol and iZumi Finance Partner for Improved DeFi Experience
In what could be termed as an important development for decentralized finance (DeFi), a partnership has been struck between Duet Protocol and iZumi finance. Both of these projects have been conceptual...
Tesla’s Latest Financial Statement Shows Bitcoin Worth $1.26 Billion – Finance Bitcoin News
Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The compan...
Russian Finance Ministry Believes Crypto Should be Regulated not Banned
The Ministry of Finance in Russia demonstrates its latest stance about the hot issue of the intended blanket ban on crypto-related activities by the nation’s apex bank. The ministry believes that the...
Russia’s Finance Minister Says Crypto Should Be Regulated, Not Banned
Ivan Chebeskov, the department director of the Russian Finance Ministry stated in a recent report that to protect the rights of the Russian citizens, it will be more beneficial to regulate cryptocurre...
Russian Ban on Crypto Industry Thwarted by Ministry of Finance
Just days after the Russian Central Bank had suggested banning cryptocurrencies in the country, the Ministry of Finance has admitted that it is opposed to the idea. In a dramatic turnaround, the Russ...
Bitcoin Regulation Needed in Russia, Not a Ban: Finance Ministry
In brief Russia’s central bank last week said Bitcoin mining and transactions should be banned. But the finance ministry today said the country needs to “regulate, not prohibit” crypto. Russia’s...
Partner with Public Chain Ecosystems & Builder of Compliant, Transparent Finance
Singapore, Singapore, 25th January 2022, The stablecoin market experienced explosive growth in 2021. The total supply of U.S. dollar-pegged stablecoins soared to 388%, from $29 billion at the beginnin...
Addressing Issues That Fintech Can’t Solve in Traditional Finance
In a world where money is power, power is centralized in the hands of those who control money. Dependent on them, the people of the world are devoid of the opportunities while also being unable to do ...
Bitcoin Service Provider Strike Becomes 5th Major Finance Centric Application In Argentina
Strike wallet is one of the leading financial platforms in Argentina that provides an easy Bitcoin payment transaction through Lighting Network. In addition, the platform incorporates a Bitcoin networ...
Indonesia Regulator Bans Crypto Trading and Sales for Finance Service Firms
The Financial Services Authority of Indonesia, also known as the OJK, tightened its grip on trading crypto and facilitating sales in the fifteenth largest economy in the world. The OJK banned crypto-r...
South Korea Adds Cryptocurrency to Annual Household Finance Survey
The National Statistical Office of South Korea has announced that it will add cryptocurrency to its annual household finances report. The data will help in its effort to tax the crypto market starting...
What Fintech Can’t Solve in Traditional Finance
In a world where money is power, power is centralized in the hands of those who control money. Dependent on them, the people of the world suffer, slowly watching their financial opportunities vanish. ...
Decentralized and traditional finance tried to destroy each other but failed
The year 2022 is here, and banks and the traditional banking system remain alive despite decades of threatening predictions made by crypto enthusiasts. The only endgame that happened— a new Ethereum 2...
Bulgaria Won’t Waver on Euro Adoption, Finance Chief Says
Vassilev says Bulgaria to become euro part on Jan. 1, 2024 Bulgaria is unlikely to become a major hub for crypto miners Bulgaria to investigate crypto installment component, serve says Assen Vassilev,...
Russian Banks Begin Testing Digital Ruble Payments – Finance Bitcoin News
Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C)...
Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market – Finance Bitcoin News
The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club of nations that want to take ad...
Pledge Finance & ZkLink Partner Brings the Next Level of Functionality to Digital Assets
As cryptocurrencies become more and more prominent and mass adoption turns from a far-off dream to a possible reality, the need for more traditional banking solutions has arisen. A staple of conventio...