Source: Adobe/liveonsea A trader decided to try out an experiment in exploitation as a cautionary tale to all decentralized finance (DeFi) entrants, gaining more than ETH 100 (USD 168,560) in profits from sandwich trading contracts. "Sandwich trading is a lot of fun, but it’s not risk free," said Nathan Worsley, founder and Chief Technology Officer […]
Source: iStock/olyniteowl The aerospace industry is looking to blockchain technology in an effort to monitor safety and improve traceability in the supply chain. According to Reuters, industry giants such as Airbus and engine manufacturer Rolls-Royce are now active in the field, with the former looking to recruit blockchain architects. Airbus has also formed a special […]
Source: iStock/bunhill Major South Korean exchange platform Korbit has today discontinued sales in five cryptocurrencies, as the country’s exchanges attempt to restore public faith in their services. The so-called “anonymous” Zcash, Monero and Dash coins were delisted, in addition to the Augur and Steem cryptocurrencies. The move was reminiscent of a similar decision last week […]
Source: iStock/GH01 Another South Korean cryptocurrency business has announced that it is set to close, citing regulatory uncertainty. Content Protocol Token, a crypto startup and content exchange protocol built on the Watcha platform (South Korea’s answer to Netflix), has stated that they will close the doors to their project due to "continued regulatory uncertainties in […]
A fragment of an NFT, used by MetaKovan as a profile picture on Twitter. Source: A screenshot, superrare.co MetaKovan is the pseudonymous buyer of a non-fungible token (NFT) piece valued at nearly USD 70m — but some claim to know his identity, and that there is a conflict of interest present given the existing business […]