
DeFi bug mistakenly gave away $90 million, founder begging for the return of the crypto tokens
Oct 04, 2021 09:58 am UTC| Business Digital Currency
DeFi revealed that it had accidentally handed out $90.1 to its users and this was due to a bug that crept into the system. DeFi is a popular blockchain-based type of finance and it mistakenly gave away millions after a...

US to collaborate with 30 countries in stopping illicit cryptocurrency use
Oct 02, 2021 23:50 pm UTC| Digital Currency Economy
The US will bring together 30 countries, including those from NATO allies and G7 partners, to stop the illicit use of cryptocurrency, according to President Joe Biden. The Biden administration has been intensifying its...

IMF warns against crypto's impact on monetary policy and financial stability
Oct 02, 2021 23:49 pm UTC| Digital Currency Economy
The International Monetary Fund (IMF) warns that the widespread and rapid adoption of cryptocurrencies reduces the ability of central banks to effectively implement monetary policy and causes financial instability. A...

Artworks used to create VeeFriends NFT collection sells for $1.2 million in Christie’s auction
Oct 02, 2021 23:48 pm UTC| Digital Currency Economy
Christies auctioned five artworks created by entrepreneur Gary Vaynerchuk for his VeeFriends NFT collection for over $1.2 million. The artwork dubbed Empathetic Elephant fetched the highest price at $412,500, with...

Coinbase vows to reimburse 6,000 customers who lost funds to hackers
Oct 02, 2021 23:13 pm UTC| Digital Currency Economy
Coinbase vowed to reimburse at least 6,000 of its users who lost funds due to a hacking campaign to gain unauthorized access to the accounts and a flaw in its SMS account recovery process. The Nasdaq-listed...

Dolce & Gabbana sells Collezione Genesi NFTs for $5.7 Million
Oct 01, 2021 23:47 pm UTC| Digital Currency Life
Dolce Gabbana sold its first-ever NFT drop, Collezione Genesi, for $5.7 million or 1,885 ether via Polygon network-powered platform UNXD. The NFTs in Dolce Gabbanas nine-piece collection that brought in the most funds...

Thailand sets sights on ‘Cryptourism,’ issuing utility token in boosting tourist traffic
Oct 01, 2021 23:30 pm UTC| Life Economy Digital Currency
The Tourism Authority of Thailand (TAT) is considering issuing its utility token dubbed TAT Coin that would create a cryptourism atmosphere and attract potential travelers and visitors to increase income in the...