In a now-deleted deleted profile, an anonymous Reddit user allegedly lost close to $500k on Sunday after sending wrapped Ether (wETH) directly into a wETH wrapping smart contract. wETH came into existence as a way for Ether (ETH) to conform to the ERC-20 token standard so that it can be traded directly with altcoins minted on the Ethereum blockchain.To wrap Ether, users first … [Read more...] about Blockchain enthusiast allegedly losses $500k by sending WETH to contract address
Sending
Central Banks Sending Worrisome Signals About the Economy
This episode is sponsored by NYDIG.Download this episodeOn today’s episode, NLW gets macro with a discussion of a flattening of the yield curve and what increasingly seems like a failed yield curve control experiment in Australia. He looks at:What the “yield curve” isWhat a yield curve flattening or inversion is signalingThe latest from the U.S. Federal Reserve on … [Read more...] about Central Banks Sending Worrisome Signals About the Economy
New EU proposal looks to tighten regulations for sending cryptocurrency
The European Commission has submitted a new proposal which would require crypto-asset service providers to collect additional anti-money laundering, or AML, information from users who utilize cryptocurrency for money transfers. The stated purpose of this proposal is to prevent the further propagation of money laundering activity within the EU.Under this proposal, service … [Read more...] about New EU proposal looks to tighten regulations for sending cryptocurrency
China’s crypto industry is gone? Beijing’s crackdown keeps sending shockwaves
Since the start of the summer, a series of measures from Chinese authorities to curb cryptocurrency trading and mining have dominated the crypto news cycle. From urging financial service providers to throttle cryptocurrency-related transactions to ordering a crypto trading software provider shut down, the initiatives coming out of Beijing and their repercussions are widely … [Read more...] about China’s crypto industry is gone? Beijing’s crackdown keeps sending shockwaves