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| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | Stay safe, fellow Geckos! Cream Finance (CREAM), a DeFi lending protocol, has been hacked for more than $130 million, according to a new tweet from its team. As per the blockchain records, $92 million was looted into one address and $23 million into another, along with other funds taken, and is currently being transferred to different wallets. The exploit was discovered by PeckShield, who identified a massive flash loan transaction that was exploited to carry out the heist. In today's news, China plans to establish a national blockchain standard, Findora announces a $100M ecosystem fund, and Osmosis concludes a $21M token sale. Read on! | | |
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| China's Grand Plan China's technology standards agency will establish a national standard for blockchain next year, according to news portal Chuanguan. The country is attempting to stimulate blockchain innovation and implementation in corporations and governments as it cracks down on foreign cryptocurrencies. According to China's most recent "Five-Year Plan," blockchain development is on par with artificial intelligence, big data, and cloud computing. CoinDesk | | Discreetly Making A Grand Entrance Findora (FRA), a privacy-focused blockchain, announced today a $100 million ecosystem fund to be utilized for research, new application development, infrastructure such as staking, and liquidity. Developers can submit for grants from the Findora Foundation to develop their projects, while the members of the protocol's DAO will vote on which ones get funded using their FRA. Last year, the project raised $8 million in a private investment round headed by Polychain Capital, and the significant increase in market cap has helped Findora's treasury source the funds. Decrypt | | Diffusing Cosmos With Osmosis Osmosis (OSMO), a Cosmos-based (ATOM) decentralized exchange, has received $21 million in a token sale. The funding round was spearheaded by VC fund Paradigm, with participation from Robot Ventures, Nascent, Ethereal, and Figment. Osmosis supports rapid block confirmation, superfluid staking, and customized automated market makers powered by sovereign liquidity pools. Cointelegraph |
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Cryptoassets are unregulated in some EU countries and in the UK. No consumer protection. Your capital is at risk. | | | Mainnet It is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place. The bitcoins of the mainnet are those that have real value. Learn about other Crypto terms here | | | | | | I. Birth of LuciArtist: Sam Spratt Gallery: SuperRare Second day
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