BNP Paribas connects to major stock exchanges with DAML smart contracts

BNP Paribas’ securities arm has partnered with Digital Asset to develop a number of real-time trade and settlement applications using DAML-based smart contracts, the firm announced on Sept. 15. The new DAML-driven apps will connect BNP Paribas Securities Services with major global stock exchanges like the Australian Securities Exchange (ASX) and the Hong Kong Exchange (HKEX). The apps will provide market participants in the Asia Pacific with real-time access to ASX and HKEX’s upcoming blockchain-based trading and settlement platforms. BNP Paribas will specifically connect to the ASX’s blockchain-powered equity transaction platform…

Traders Flip Short on Chainlink as It Flashes Some Major Warning Signs

Chainlink has been caught within a prolonged consolidation phase throughout the past few weeks, with the cryptocurrency largely trading between $12.00 and $12.70. This consolidation has done little to offer insights into its near-term outlook, as its bulls are still reeling from the damage done to its market structure following the $20.00 rejection. Analysts are now noting that where it trends next may depend largely on its ultimate reaction to a key resistance level that its price is fast approaching. One trader is noting that he is expecting it to…

Major Chilean bank shuts down all branches following ransomware attack

Banco Estado, the only public bank in Chile and one of the three largest in the country, had to shut down its nationwide operations on Monday due to a cyberattack that turned out to be a ransomware launched by REvil. According to a public statement, the branches will remain closed for at least one day, but clarified that customers’ funds have not been affected by the incident. Citing sources close to the investigation, ZDNet reported that the REvil ransomware gang is behind the attack. It reportedly originated from an Office…

Dev finds major governance bug in SushiSwap, but no threat to the project yet

SushiSwap appears to be vulnerable from a sneaky bug that could multiply someone’s governance power without having to acquire new tokens. Reported by developer Jong Seok Park on Sept. 7, the bug can be described as a governance double-spend. In essence, SushiSwap governance lets token holders delegate their voting power to another entity. However, if that token holder then transfers the tokens to someone else, the delegatee still maintains their governance power. The second token holder can now delegate tokens once again, multiplying the delegatee’s power by as much as…

Major Swiss health insurance company now accepts crypto payments

A major health insurance provider in Switzerland has made Bitcoin and Ether payments available to its policyholders. According to an Aug. 31 announcement, Atupri Health Insurance is partnering with crypto financial services company Bitcoin Suisse for its 200,000 customers to make payments using Bitcoin (BTC) or Ethereum (ETH). Atupri, based in Bern, will not be holding any digital assets itself, but rather just receiving fiat payments in Swiss francs once the BTC or ETH is exchanged by Bitcoin Suisse. The insurance company — with roughly $887 million in annual sales…

Blazers Would Be Mistaken to Bring Carmelo Anthony Back in Major Role

Following the Portland Trail Blazers’ elimination from postseason play at the hands of the L.A. Lakers, Carmelo Anthony said he was “praying” he would be back with the team next season. The 10-time All-Star and former NBA scoring champion proved that he can still play at a high level in Portland this season, and was an essential factor in the Blazers securing a playoff spot. While Anthony’s comeback was one of the feelgood stories of what has been a tumultuous 2019-20 campaign, the Blazers would be unwise to bring the…

Major crypto firm expects Polkadot (DOT) to become a top 3 blockchain

Spartan Black, a major cryptocurrency fund based in Asia, believes Polkadot (DOT) has more fuel left in the tank and could soar in the top-10 list of biggest cryptocurrencies by market capitalization. Since listing on Binance eight days ago, the price of DOT soared by more than 200% and many analysts believe the price could rise significantly higher.  DOT/USDT daily chart. Source: TradingView.com There are several favorable factors buoying the sentiment around DOT. The protocol does not directly compete against the Ethereum Network, it scales rapidly, and as a result,…

Major Korean crypto exchange seized after 99% trading volume allegedly faked

South Korea’s third-largest cryptocurrency exchange, Coinbit, has been seized by police following fraud allegations. According to an Aug. 26 report by the Seoul Shinmun, 99% of transaction volume on the exchange was faked through wash trading. The Seoul Metropolitan Police searched and confiscated a number of properties, including Coinbit’s headquarters in the Gangnam district of Seoul. Coinbit’s owner, Chairman Choi Mo, and his management team are accused of inflating transaction volumes and manipulating token prices using a number of ghost accounts. Police estimate that the fraudulent activities netted over 100…

Two DeFi projects with $1.2B in TLV have major governance issues

Curve Finance is currently the third largest DeFi protocol, with a total value locked, or TVL, of $1.1 billion. Recently the community realized that the project’s founder, Michael Egorov, had leveraged over 71% of the voting power, ultimately leading to backlash from the community. Andre Cronje, the founder of popular DeFi protocol yEarn.Finance, tweeted: Source: Twitter. The protocol’s next vote is scheduled for August 28. While Egorov’s share has gone down somewhat, he still controls over 50% of the vote at press time. YFValue was launched last week with a congenital…

A major dark web marketplace has been offline for days and no one knows why

Empire Market, a major darknet marketplace for buying and selling illicit goods, has been offline for over 48 hours as of press time. Customers have begun to raise concerns about whether a DDoS attack is causing the site to stay offline, or if something bigger is afoot. Twitter user dark.fail, an anonymous journalist specializing in the Tor Project, suggested that the blackout “feels more stressful than [Empire market’s] frequent” downtime in 2019, when DDoS attacks kept the site offline for extended periods of time. Someone claiming to be one of…