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Photo by Shubham Dhage on UnsplashThe phishing attack was rigged BadgerDao. As a result, the Defi solution that runs on the top of the Ethereum blockchain has lost more than $130M. Here is a 1 min summary of the article if you want to skip the reading. Type of Phishing Attack Cloudflare Workers had a weak point where it allowed users to create accounts and view global API keys before email verification was completed. Unfortunately, this creates a loophole that allows attackers to gain API acc...

Photo by Tom Roberts on UnsplashWho wants to become Satoshi Nakamoto? It seems Craig Wright is so obsessed with taking credit for the Bitcoin invention. Does real Satoshi matter in the crypto industry anymore? Here is a 1 min summary of the article if you want to skip the reading. Craig Wright An Australian computer scientist and businessman had self-claimed to be the man who created Bitcoin in 2016. Since then, he could not prove he had control of Satoshi’s wallet. The crypto community const...

Photo by davisuko on UnsplashDogecoin has been out of the top 10 crypto ranking and replaced by Luna. The dogecoin has lost its meme status to its rival Shiba token in the recent market race and it continues losing steam. Here is 1 min summary of the article if you want to skip the reading. Doge Was the King of Meme The creation of Dogecoin was a joke. The creator did not even believe in cryptocurrency when he created Dogecoin. Such culture was carried until the coin hit the peak of its valua...

Photo by Beatriz Miller on UnsplashCrypto industry leaders are meeting the US congress today to brief about the crypto economy in the future. The lawmakers are interesting to see what the future of digital currency and cryptocurrency will be like and how it may shape the new financial industry into the future. Here is a 1 min summary of the article if you want to skip the reading. Education Lawmakers Lawmakers are not taking crypto seriously. At least, they thought it was just a FOMO. However...

El Salvador just bought the dipped on Friday flash crash, or should I say the president bought the dipped when Bitcoin crashed 20%. Who is really owning Bitcoin in El Salvador? Here is 1 min summary of the article if you want to skip the reading. Celebrity President The El Salvador president is a celebrity president. He constantly Twitters his Bitcoin beliefs and bashing fiat currency. The crypto community loves it. However, even if the country makes Bitcoin legal tender, who controls the pri...

Photo by Aziz Acharki on UnsplashCharlie Munger does not like Bitcoin at all. Who really cares about his opinion anyway. A century-old investor has been left out from the current digital trend and complaint about it. The crypto market sentiment has been changed since last Friday’s sold-off. Institutional investors can influence the crypto market as a result of the fast adoption. Here is a 1 min summary of the article if you want to skip the reading. Spot Price vs. Derivatives There is a major...

Photo by Nicolas J Leclercq on UnsplashRipple Chair Chris Larsen proposes letting Bitcoin work with the same or better incentives for miners while phasing out of the Proof of Work consensus. However, what means of Proof of Work, and how does energy consumption contribute to climate change? Here is a 1 min summary of the article if you want to skip the reading. Reason to Move Away PoW The argument is that the climate crisis is worsening, and Bitcoin mining is a big contributing factor. Chris L...

Photo by Susan Wilkinson on UnsplashTechnology companies have been challenged by institutional investors in the past. However, they have been failing miserably. Apple Pay, Google Pay, Amazon Storecard, and many technology payments are failing behind Visa and Mastercard. Even Paypal is falling short on the credit card payment system during the competitions. Institutional investors are powerful and now they win the influence over crypto assets too. Here is a 1 min summary of the article if you ...

Photo by Bernard Hermant on UnsplashChina’s CBDC isn’t working as it intends to be. China has launched its CBDC in early 2021 and its pilot program draws much intentional attention to the future of digital currency. However, CBDC does not perform as many people expected and the cryptocurrency has outperformed since. Here is 1 min summary of the article if you want to skip the reading. Illusion of CBDC Central Bank Digital Currency or CBDC is a solution for the central bank to increase money s...

Photo by Kevin Grieve on UnsplashEthereum 2.0 is the most important update for Ethereum. It is so important that the Ethereum foundation is kept talking about it and it has never been able to reach its goal for many years. It starts to show the fracture of the organization that it is inefficient when it comes to upgrading events. It lost its agility compared to many new competitors such as Solona. Here is a 1 min summary of the article if you want to skip the reading. Ethereum 1.0 Before Ethe...

Photo by Shubham Dhage on UnsplashIf you think Amazon is an online retail store, then you need to rethink it again. Amazon is an online cloud rental service. If you think Coinbase is a crypto bank, then you need to think about it again. Coinbase is a cloud crypto rental service. Here is 1 min summary of the article if you want to skip the reading. Amazon - A Server Farm Amazon has built up a server farm for many other businesses to rent and use. They built the infrastructure that provides com...

Photo by J W on UnsplashThe macroeconomy is more volatile than used to be. The Fed announced to fast-track the tapering on Bond which triggers both traditional and crypto markets to sell-off. However, the crypto market has recovered faster than the traditional market did. Here is 1 min summary of the article if you want to skip the reading. How we got here The global economy was in a crisis due to COVID 19 induced money shortage. Since then, the Federal Reserve from the United States printed ...