The cryptocurrency realm has seen a string of thefts recently related to flash loans
WSJ’s Dion Rabouin looks at the future of cryptocurrencies.
Photo composite: Elizabeth SmelovA hacker who robbed the decentralized stablecoin platform Beanstalk in April had a powerful tool: a $1 billion loan taken out with no collateral, no proof of income and no identity verification. The loan had to be repaid in less than a second, but that was all that was needed to steal tens of millions of dollars.—a cheap, instant and anonymous form of financing based on cryptocurrencies.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Breakingviews - BMW can flash the cash at depressed shareholdersBMW is having a peculiarly good crisis. Despite a fall in car deliveries in the first quarter, the German premium carmaker reported a 17% increase in revenue in its car segment to 26.7 billion euros. It also stuck to plans to keep operating profit margins this year between 7% and 9%, and ramp up fully electric car sales. Despite a shortage of supplies and war-driven shutdowns, carmakers have mostly kept their guidance intact thanks to the ability to whack up prices. BMW’s prestige brands help, but Stellantis on Thursday also stuck to this year’s forecasts.
Les mer »
22 Gingham Dresses to Add to Your Summer Wardrobe ChecklistIt's time to unleash your inner Dorothy from 'The Wizard of Oz.'
Les mer »
Crypto Mortgages: How You Can Buy a House Using a Crypto-Backed LoanFor crypto-rich homebuyers who never want to cash out their digital assets, crypto-backed mortgages could be a good option. sndr_krisztian reports on what you need to know:
Les mer »
WisdomTree positions its forthcoming crypto wallet to serve ‘the next 2 billion’The asset manager says the end-user experience of most crypto wallets is far too complicated for the average person at the moment.
Les mer »
UST stablecoin struggles to maintain $1 parity amid crypto market turbulenceThe algorithmic stablecoin UST, which is part of the Terra crypto ecosystem, is struggling to maintain parity with the dollar following a Saturday market event.
Les mer »
Crypto hedge fund start-up Pangea to focus on 'long only’ strategy: BloombergPangea’s strategy is taking long positions in three to seven established tokens, making the fund unusual when most investment from crypto venture capitalists goes into new projects.
Les mer »