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pNetwork suffers from cyberattack

pNetwork, a decentralized finance (DeFi) platform, has recently announced on Twitter that its platform has been compromised and suffered from a major cyber attack.  “We’re sorry to inform the community that an attacker was able to leverage a bug in our codebase and attack pBTC on BSC, stealing 277 BTC (most of its collateral),” pNetwork tweeted.  But even if the platform came under attack, pNetwork clarified that all the other funds under its care remained unaffected. The company said that it has already identified the exact damages that were done

Making DeFi mainstream: An interview with FEG token Marketing Manager Chris

Although the DeFi space is growing significantly, it still lacks mass adoption. Another issue faced is by novice users in the space who can fall prey to scams and rug pulls easily. FEG Token is built to provide a decentralized transaction network that operates on Ethereum and Binance Smart Chain blockchains. The multi-chain exchange, FEGex, offers decentralization and is driven by its community. In conversation with Chris, the Marketing Manager for FEG Token, we talk about the DeFi space, FEGex’s solution, FEG Token, and much more. 1. According to you,

Bringing Together NFTs, Sustainability and Music With OneOf CEO Lin Dai

BeinCrypto spoke to Lin Dai, CEO and co-founder of OneOf. The platform aims to transition music ownership and sharing into the future with its unique “green” non-fungible token (NFT) offerings. Sponsored Sponsored NFTs are no longer a fad or a hype. Rather, they have cemented themselves as a bona fide part of the future of blockchain products. While most NFTs revolve around art, music is not far behind. This industry is catching up and benefiting from this new tokenization strategy. Sponsored Sponsored However, since most NFT marketplaces are geared towards

Kajeet Launches Connected Health, Enabling the Delivery of Secure and Reliable Remote Health Services

"We are proud to offer Kajeet Connected Health to enable a secure and seamless connection between patients and providers,” said Daniel J.W. Neal, chairman, CEO and founder of Kajeet. MCLEAN, Va. (PRWEB) August 10, 2021 Kajeet®, a leading provider of wireless connectivity, software and hardware solutions that deliver safe, reliable and controlled internet access, today announced the launch of Kajeet Connected Health™. A comprehensive IoT solution, Connected Health enables the successful delivery of telemedicine services while maintaining the highest levels of security and reliability. The global telemedicine market is expected

Investing App Wealthfront to Offer Grayscale’s Bitcoin, Ethereum Products

As more investors turn to cryptocurrencies, Wealthfront, a Palo Alto-based firm with $25 billion in assets under management (AUM), has expanded its clients’ investment options to include Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).Wealthfront’s new offering will also include automation features like “intelligent dividend reinvestment” and tax-loss harvesting–a feature aimed at lowering clients’ tax bills. In using GBTC and ETHE, investors won’t need to set up external wallets and take care of technical aspects such as safekeeping the private keys. All of Grayscale’s crypto products are merely meant

High Volatility for Cardano, 60% Price Move Coming

Altcoin News Two critical price points will determine Cardano’s price movement. To be optimistic, rising above the $1.30 resistance level can take ADA to $2.00. However, if the $1.00 support fails, investors may have to prepare for a 60% crash. In a twisted turn of events, Cardano’s dormant stance could be heavily challenged by it coming closer to the peak of a consolidation pattern. This means that the chances for a groundbreaking price move are high. By this, we just mean that Cardano’s fate, and by extension the fate of

#BitcoinForBeirut Seeks Sound Money To Help City’s Explosion Victims

On August 4, news of major explosions at the port of Beirut spread around the world, along with astounding videos and images. It quickly became apparent that the damage was extensive and that many in Beirut had been killed, injured or had become casualties of extensive property damage.And the tragedy came at a precipitous time for those in Beirut. A years-long economic crisis and the strains caused by the novel coronavirus in Lebanon have resulted in skyrocketing exchange rates, widespread distrust of banks and a rising interest in alternatives like

Questions Remain Around The OCC Decision To Allow Banks To Custody Crypto

The recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short but spectacular lifetime of digital currencies. Now that U.S. banks have the green light to begin custodying crypto, everybody knows that the rules have changed — we just don’t yet know exactly how.  As the dust begins to settle, there are a number of important questions we need to ask. What is the thinking behind the OCC’s letter? Why now? And