As Gold Prices Soar, Two Gold-Backed Tokens See Increased Demand Fetching Premiums
The last few months have bolstered the price of the precious metal gold as governments worldwide have created tremendous amounts of debt and inflation. For instance, the value of gold per ounce jumped over $2k during the first week of August. Meanwhile, similarly to the physical counterparts, two blockchain tokens that claim to be backed by gold have seen significant demand and small premiums. While a handful of other ‘digital...
Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’
A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit smart contracts. Researchers from the University of Queensland, Beijing University of Posts and Telecommunications, Zhejiang University, and...
SEC Redefines Accredited Investors to Include Those With Proven Knowledge
The U.S. Securities and Exchange Commission (SEC) has amended the definition of accredited investors, such as to include those with proven financial knowledge. The broader definition will enable more people to invest in private offerings of cryptocurrency investments. SEC’s New Accredited Investor Definition The SEC announced Wednesday that it has adopted amendments to the definition of “accredited investor.” The...
‘Bitcoin Will Never Ditch You’ Ad Dominates Front Page of Major Hong Kong Newspaper
The number of bitcoin ads appearing in major newspapers is growing. The front page of Apple Daily, a major newspaper in Hong Kong, featured a “Bitcoin will never ditch you” ad this week. Bitcoin ads also recently appeared in leading Indian newspaper The Economic Times, the Financial Times, as well as on TV. Bitcoin Ads in Major Newspapers Bitcoin appeared on the entire front page of the Apple Daily newspaper in Hong Kong...
SPARKS Piracy Busts: Facts, Rumors & Fear Point to Something Huge
This Tuesday, TorrentFreak received more rapid-fire anonymous tips than we have done in recent memory. Demanding confidentiality is nothing new but tipsters and sources using anonymous mailers, obscured IP addresses, alongside repeat requests that identities aren’t revealed, usually point to something particularly unusual. And indeed, something unusual was definitely underway. Late Tuesday, documents filed under seal in the...
