• eFi hacker steals $15 million
    An Eminence.Finance hacker decided $7 million was enough, returning half of the $15 million stolen (Photo: Pixabay)
    Technology

    DeFi hacker steals $15M, returns $8M

    Millions were stolen after crypto users sent a fortune to an unfinished smart contract on Eminence.Finance that was being tested by its developer

    September 29, 2020 /

    Andre Cronje—the creator of major DeFi protocol Yearn.Finance and the exploited protocol Eminence.Finance—informed the public of the hack on Sept. 29. He explained that the protocol was very much a work in progress and he did not expect it to suddenly attract such a great amount of user funds.

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  • Financially illiterate own crypto
    Don't know much about investments? You may be likelier to own Bitcoin (Photo: Pixabay)
    Canada,  Cryptocurrencies,  Regulation

    Report: Financially illiterate more likely to own crypto

    Bank of Canada survey finds consumers with a low level of financial literacy are twice as likely to own crypto as those with high levels

    September 24, 2020 /

    For the second consecutive year, the study “found that awareness of Bitcoin increased with financial literacy, but the likelihood of ownership declined as the level of financial literacy increased.”

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  • Major Algorand upgrade
    Silvio Micali's DeFi-focused Algorand blockchain aims to seize market share from Ethereum (Photo: Wikipedia)
    Technology

    As Ethereum 2.0 gets bogged down in delays, Algorand pounces for DeFi market

    Transaction fees are spiraling out of control on the Ethereum blockchain. Now, a rival network says it offers superior technology that makes transactions faster and cheaper

    August 19, 2020 /

    Many protocols are being built on the Ethereum blockchain, a network that’s had a long-term scalability problem and has been bursting at the seams for years. Now, the DeFi-focused blockchain Algorand is throwing its hat into the ring—and making it clear that it’s determined to seize market share from Ethereum.

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