Origin Protocol becomes the fifth DeFi protocol to fall victim to hackers in the past 3 weeks. While Bitcoin sparks great interest in society as it hits $17.000 USD. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 A new decentralized finance protocol (DeFi) loses nearly $7 million in a new attack carried out by unknown hackers. Origin Protocol, was the victim of a hack recent that affected your stablecoin OUSD. At least $7 million was lost in this attack, of which $1 million belongs to founders and employees. Although the research team is still working to determine the cause of the attack, it seems that it all started with a flash loan of 70.000 ETH that was taken on the protocol. dYdX and then they exchanged in Uniswap by DAI y USDTThese coins were minted within the protocol using the mintSimple platform's minting method, allowing the hacker to extract the funds through a "malicious contract" that the platform was unable to detect as fake.
At press time, OUSD is worth $0,15 USD and has lost more than 85% of its value, as shown on the platform. CoinGeckoAs Nick Chong, a member of Hex Capital, a venture firm, points out, this is the fifth attack on DeFi protocols originating from flash loans in the last 3 weeks.
📍 Peter Zatko, also known as “Mudge,” a prominent and well-known hacker, joins the Twitter team to ensure the security and safety of the platform. Zatko will be Twitter’s new head of security. He will have the ability to restructure the platform, make changes he deems necessary to ensure security and prevent a security breach like the one that happened a few months ago takes place again.
Zatko is a renowned hacker with extensive experience and a track record around the world, performing special work for government entities such as the Pentagon's Defense Advanced Research Projects Agency (DARPA) and technology giants such as Google. His work at Twitter will begin after a thorough review of the entire platform system that will last for the next 45 to 60 days.
📍 The interest of traditional companies and businesses in Bitcoin and cryptocurrencies, growing from strength to strength every day. Now the global alternative investment company, specializing in hedge fund products and hedge fund advisory solutions, sky bridge, is seeking approval from the Securities and Exchange Commission (SEC) from the United States to offer products and services with cryptocurrencies.
An SEC filing shows the application SkyBridge's approval to create a hedge fund that includes investment in Bitcoin, and that will allow investors to access various derivative investment products and instruments.
📍 Maisie Williams, an English-Canadian actress we all remember as the popular Arya Stark from Game of Thrones, is consulting on his Twitter account whether or not to bet on Bitcoin. As expected, users were quick to interact with his tweet with witty responses and encouragement to join the ecosystem.
Many indicate that the actress's interest is sparking bullish sentiment, with the cryptocurrency surpassing $17.000 USD to mark a new 2020 high. At press time, Bitcoin is worth $17.651,2 USD, up 5,3% in the past 24 hours, and a market capitalization of over $315 billion, which is getting ever closer to reaching its all-time high of $335 billion.
📍 Given the interest that Bitcoin is once again awakening in celebrities and famous people on Twitter, the renowned investor Mike Novogratz He assured that the cryptocurrency will reach $65.000 USD.
«I bought more BTC last night at 15,800. It goes to 20.000 and (then) 65.000″, Novogratz commented in response to Maisie Williams' query on Twitter, arguing that low supply and “a ton of new buyers” will exponentially drive up the value of Bitcoin.
📍 The founders of Intercom and Skype have just come out as Bitcoiners. Jaan Tallinn, co-founder of Skype, a famous telecommunications application, said in a interview who keep a large part of their assets in cryptocurrencies. While Eoghan McCabe, co-founder and president of Intercom, a consumer messaging services company, posted on his Twitter account that he “jumped firmly into Bitcoin” after years of research and study on this cryptocurrency. McCabe invited his community to take action and integrate into this wonderful world.
📍 The law for the digital transformation of the Spanish financial system, which is published The law, which was recently approved in the Official Gazette and came into force last Sunday, November 15, to position Spain as a world leader in the industry, is already being implemented to ensure optimal compliance with the functions of the financial authorities in this area. In addition, this law promotes the equitable development of the financial and technological sector by improving access to financing for the different productive sectors, as well as the recruitment of talent within a highly competitive international technological environment.
📍 The second edition of the Crypto Economy Forum, which is taking place in Spain, will be held virtually on November 25 and 26. This forum will address topics of interest in the crypto ecosystem, including the participation of Bitcoin and cryptocurrencies within the current financial system, the influence of technological developments within traditional banking, decentralized finance (DeFi) ecosystems and their particular way of generating profits, among other things. All presentations will be given in Spanish and will have translation into English to reach a larger number of people.
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