Money
Expert advice on saving, spending, borrowing, investing and everything in between.
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Wintermute, One of Crypto’s Biggest Market Makers, Loses $AU239 Million to Hacker
Wintermute, one of the most prominent market makers in the cryptocurrency industry, has been hacked. A cybercriminal stole approximately $US160 ($AU239) million in various tokens from the company, according to Wintermute’s CEO. However, the company claims it is solvent and still holds twice as much equity as the amount that was stolen.
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Biden’s New Plan to Deal With Crypto Is More of the Same
The White House released its first official framework laying out its plans to handle digital assets, namely cryptocurrencies. Though the overall scheme authored by the executive branch does lay out some new moves and directions for agencies to strive toward, all-in-all it seems to offer little actual guidance other than “keep doing what you’re doing”…
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Christian Missionaries Are Turning to the Gospel of Bitcoin in Latin America
On a spring afternoon in Guatemala, I watched Patrick Melder, a 55-year-old missionary, find a potential convert. He began his pitch with the cadence of an experienced salesman.
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Leakers Allege Ava Labs Used ‘Gangster Style’ Legal Tactics to Screw Competing Crypto Companies
Ava Labs, the company behind the Avalanche blockchain project, is being buried in reaching allegations that they and their attorney were working in cahoots to attack market competitors “gangster style” by targeting crypto projects in class action lawsuits. Meanwhile, the attorney is clapping back, calling it a hit job from an Ava Competitor, namely Dfinity.