Published in The Capital Platform·Aug 17, 2021Polynetwork Offers $611 Million to Hacker To Be Its Chief Security Advisor And Ensure They Will Not Held Him Legally Responsible For HackThe largest Defi hack was committed against Poly Network last week. Read: Poly Network Hacked For $611 Million Which Is Biggest Defi Hack Ever The Hacker was able to steal $611 million of funds. After being approached by the Poly Network with a request of giving back the funds and…Polygon Network2 min readPolygon Network2 min read
Published in The Capital Platform·Aug 17, 202111 Companies Suspected Of Crypto Trading Were Closed By China Central BankThe Shenzhen Center Branch of People’s Bank of China announced that 46 companies were being investigated for virtual currency trading. The Central Bank of Shenzhen Province issued a notice to shut down the crypto trading activities of 11 companies with immediate effects. Local reports claim that the Shenzhen branch of…China1 min readChina1 min read
Published in The Capital Platform·Aug 16, 2021Walmart Taking A Big Step Toward Crypto As Walmart Is Looking For A “Digital Currency And Cryptocurrency Product Lead” VacancyThe Digital Currency and Cryptocurrency Product Lead will create a brand’s digital currency strategy, define and drive the product vision, and identify and lead technology and consumer trends. Walmart is seeking a blockchain and digital currency expert with 10 years of product experience. …Walmart2 min readWalmart2 min read
Published in The Capital Platform·Aug 16, 2021South Korea Plans To Test Its Central Bank Digital Currency (CBDC) On Samsung Galaxy PhonesRecently Bank of Korea announced that it would make an offer to select its technological supplier for the central bank digital currency (CBDC). Ground X, whose Klaytn platform hosts the CBDC, won the contract despite stiff competition. An anonymous bank executive stated that the South Korea CBDC pilot program aims…Crypto1 min readCrypto1 min read
Published in The Capital Platform·Aug 16, 2021Grayscale Assets Under Management (AUM) Now Has $10 Billion Worth of EthereumGrayscale, one the most prominent digital asset managers, has released an update on its total crypto assets under management recently. Among $41 Billion in crypto assets, Grayscale owns more than 3 million Ethereum valued at over $10 Billion. Grayscale’s latest data shows that the company’s AUM was $41.4 billion as…Ethereum1 min readEthereum1 min read
Published in The Capital Platform·Aug 2, 2021In A Surprising Gesture Of Support, Bank Of America Outlines Key Benefits Of El Salvador Bitcoin AdoptionBank of America analysts stated that El Salvador’s decision to recognize Bitcoin as legal tender could facilitate money transfers, financial digitization, give consumers more options, and open the country up to US companies and digital currency miners. Read: Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin Buys Bank of…Bitcoin3 min readBitcoin3 min read
Published in The Capital Platform·Jul 31, 2021Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin BuysMicroStrategy CEO Michael Saylor on Friday defended his enterprise software company’s debt-financed purchases of bitcoin, telling CNBC he sees buying the cryptocurrency right now as comparable to investing in Facebook in the social network’s early days. He said: “We’ve got $2.2 billion of debt and we pay about 1.5% interest…Bitcoin2 min readBitcoin2 min read
Published in The Capital Platform·Jul 29, 2021Wall Street Bitcoin Adoption Continues As State Street The Second-Oldest Continually Operating United States Bank To Offer Crypto ServicesState Street Corporation, an American financial services and bank holding company headquartered in Boston with operations all over the globe to Offer Crypto Services to Private-Fund Clients. State Street Corporation is the 2nd oldest bank in America. Read: 57,000 Bitcoin Left Crypto Exchanges In 24 Hours Showing Bullish Sentiments Along…Bitcoin2 min readBitcoin2 min read
Published in The Capital Platform·Jul 29, 2021According To PayPal CEO, Paypal Crypto Super App Is Code Complete And Will Launch SoonPayPal, the World Top payment provider company, has stated that its users will not need to wait longer for great crypto functionalities app coming soon. Read: Michael Saylor “Bitcoin Is Digital Real Estate And Is Now Held By More Than 114 Million People, Making It The Most Widely Held Financial…PayPal2 min readPayPal2 min read
Published in The Capital Platform·Jul 27, 2021Kazakhstan Expand Its Bitcoin Mining to Global Market And Enable Users To Open Bank Accounts for CryptocurrencyKazakhstan will soon allow cryptocurrency-related bank accounts to customers. Astana Times, the national news agency of Kazakhstan, reports that citizens of Kazakhstan will soon be able to buy bitcoins, convert their income into cash and sell crypto on an exchange market. Read: Whether They Like It Or Not, Banks Are…Bitcoin2 min readBitcoin2 min read
