Author name: Peter

Radiant Capital Falls Victim to Flash Loan Attack, Losing $4.5 Million

Radiant Capital Confirms Flash Loan Attack Radiant Capital, a decentralized finance (defi) platform, has confirmed that it fell victim to a flash loan attack on January 2, 2023. The attack resulted in the protocol accruing bad debt in the WETH market, totaling about 1.3% of the total protocol TVL. According to blockchain analytics firm Peckshield, […]

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USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbulence

USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In a surprising move that startled the cryptocurrency market, Circle's USDC stablecoin, which is typically pegged to the dollar, momentarily depegged from its $1 value. It fell as low as $0.76 on the Binance exchange platform. This incident occurred during a market-wide sell-off, which was spurred

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The Success of the Spanish Silver Dollar: Lessons for Bitcoin

An Unconventional Comparison: Bitcoin vs. Gold Sovereigns When it comes to comparing Bitcoin with gold, the common belief is that their finite supply makes them attractive long-term stores of value. However, the analogy between Bitcoin and gold sovereigns, which were widely adopted in the British Empire, is weak. Unlike gold sovereigns, the adoption of which

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The Real Implications of Cash Creation Instead of In Kind

The Impact of Cash Creation on Bitcoin ETFs The Securities and Exchange Commission (SEC) has recently met with potential issuers of spot Bitcoin exchange-traded funds (ETFs) to discuss their applications. As a result of these meetings, issuers have adopted a cash creation methodology instead of the traditional "in kind" transfers used by other ETFs. This

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CoinMarketCap Announces Gaimin’s GMRX Token to Be Incubated by CMC Labs in a Historic First

CoinMarketCap has chosen GAIMIN as one of the first projects to be incubated in its newly launched CMC Labs accelerator program. GAIMIN, a leader in decentralised data processing power, will receive support and guidance from CoinMarketCap in developing its GMRX utility token. CMC Labs: Accelerating Innovation in the Crypto Industry CMC Labs is an incubator

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Ark Invest Sells Over $29 Million in Coinbase Shares Amid Portfolio Rebalancing

In a strategic move, Ark Invest has sold over $29 million worth of COIN shares from its ETFs, further reducing its stake in the crypto exchange Coinbase. This decision aligns with Ark's target weighting policy and comes after Coinbase's strong performance in the last quarter of 2023. Ark Invest's Recent Sales On January 3, Ark

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Gold Bullion IRA Account – Which Company To Invest – Insider Info!

Self-Directed Gold IRAs are fantastic because they let you place your money in the precious metals without needing to work with middlemen. These accounts are so simple that your grandma could do it! When you purchase physical gold, silver, platinum, palladium and bar, rounds and bullion, you will receive instant liquidity. However, if you wish

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