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Leshner revealed that the bug that happened as a result of the upgrade exposes another 2020,472.5 COMP tokens. Some developers referred to the event as the biggest ever fund loss in a smart contract incident.
Elon Musk is currently looking to reform his electric car empire with plans to move the headquarters from Palo Alto, California, to Austin, Texas.
Inflation fears stemming from the broader global markets are weighing heavy on European stock markets. Other world’s markets are also falling.
Both Dow Jones and S&P 500 had it extremely rough as September drew to a close, showing evidence that US stocks performed poorly.
Wall Street remains jittery as bond yield continues to drag the tech stocks to the south. On the other hand, the fears of a potential US debt default weigh around.
US-based crypto solutions provider, Ripple, has launched a $250m fund for NFT creators.
Elon Musk doubled down on the potentials of digital assets in helping to correct the “error and latency” in the traditional financial systems as we have it today, he believes cryptocurrencies alone do not guarantee a road to paradise.
Stock markets across the Asia Pacific entered heavy correction following strong market correction on Wall Street due to rise in bond yields.
The new payment solution would allow customers to choose their crypto wallet on the Verifone terminal serving as a card reader.
However, the timing for a Revolut crypto token is subject to approval from the United Kingdom’s regulators.
On Monday, the surge in Treasury yield saw the financial stocks soaring high. However, the tech sector took a beating dragging Nasdaq down.
Coinbase is also expanding the app’s capabilities by adding four new tabs to its mobile version. The new tabs are “Assets”, “Trade”, “Pay” and “For You”.
Elon Musk has consistently compared China to the United States ever since his company set up shop there. He believes China could someday flip the technological development of the US.
On Friday, the Chinese Central Bank declared cryptocurrency activities illegal in the country and vowed to crack down on all cryptocurrency activities within its boundaries yet again.
Apart from the ban on mining, China has extended its crackdown to cover all information and financial services related to crypto.