The 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…


The 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…


The 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. …


Recently 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…


Grayscale, 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…


Bank 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…


MicroStrategy 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…


State 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…


Kazakhstan 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…

The Crypto Basic

The Crypto Basic is focused on covering the most important topics of Cryptocurrency https://thecryptobasic.com/

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store