The price of SafeDollar (SDO), an algorithmic decentralized finance (DeFi) stablecoin based on the Polygon (MATIC) blockchain, has plummeted to literally zero as a result of what appears to be a massive multi-million exploit today.
Iron Titanium token (TITAN), a decentralized finance (DeFi) protocol, has fallen to near zero. According to coinmarketcap, the token is now trading for $0.000007677, down from yesterday’s all-time high of $52. The fallout has brought the project to its knees.
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After the majority of central banks rejected the concept of cryptocurrencies for various reasons, from security issues to implications in the monetary system, now many of these institutes are very interested in creating their own digital currency. Specifically, 60% of the world’s largest central banks are conducting experiments or proofs of concept to make a digital currency , according to a study by the Bank for International Settlements (BIS). SOURCE: Alto Nivel
Web search giant Google plans to update its requirements for advertisements from bitcoin-focused businesses next month.
In a stark warning, the European Central Bank (ECB) said in a report published today that governments that opt out of introducing central bank digital currencies (CBDCs) may face threats to their financial systems and monetary autonomy.
Launched in March 2021 and having racked up more than one million users already, SafeMoon is a blockchain-based cryptocurrency similar to Dogecoin, Bitcoin and Ethereum, but with a few key differences.
Following the recent surge in meme coins, a tweep took a deep dive into investigating sample of few of the popular meme coins and his discovery with necessary links to back his theory might be worrisome enough for investors in these coins. In his words:
In simplest terms, proof-of-work and proof-of-stake are two different ways that you can mine a cryptocurrency. In more precise terms, proof-of-work and proof-of-stake are both types of consensus mechanisms that are designed to solve the issue of trust between the participants of a blockchain network.