Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao

The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million Exploit — Engineers Pause Smart Contracts According to the official Badgerdao Twitter account, the team has noticed reports of unauthorized withdrawals from the protocol’s system. “Badger has received reports of unauthorized withdrawals of user funds,” the team stressed on Tuesday evening at 11:30 p.m. (EST). “As Badger engineers investigate this, all…

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Hill leaders strike short-term funding deal as shutdown looms

The House is expected to vote Thursday on a short-term funding patch to avert a government shutdown in less than 48 hours and punt the new deadline to mid-February. The vote comes after House Democrats announced an eleventh-hour deal with Republicans on Thursday morning, following days of frenzied talks as both parties scrambled to prevent Congress from stumbling past the deadline. Government funding will now run through Feb. 18 — weeks later than Democrats wanted — but House Appropriations Chair Rosa DeLauro (D-Conn.) said her party “prevailed” in securing a…

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Leading Supermarket Chain in Croatia Introduces Crypto Payments

Customers of the largest supermarket chain in Croatia will be able to pay with cryptocurrency for their orders in the retailer’s online shop. The company plans to soon offer the crypto payment option also at its physical stores throughout the country. Konzum Allows Shoppers in Croatia to Pay With 9 Cryptocurrencies Croatia’s supermarket chain with the largest number of stores, Konzum, is now accepting cryptocurrency for groceries and other items sold through its online shopping platform. Starting from Dec. 1, customers can buy any of the 12,000 listed products using…

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P2E Fantasy Sports Game TradeStars Launches Staking of Native Token TSX

PRESS RELEASE. Blockchain based P2E Fantasy Sports Game TradeStars has announced the launch of staking of their native token TSX. Users will now be able to stake their TSX tokens and earn more TSX tokens as rewards. TradeStars and TSX TradeStars is a P2E Fantasy Sports game built on Ethereum, where users can trade Fantasy Stocks whose value is directly influenced by the real-life performances of athletes. Sports enthusiasts can use their sporting knowledge to buy Fantasy Stock of players who display potential to be the stars of tomorrow, and…

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Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate

The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education Starting in the first quarter of 2020, the adoption of blockchain-anchored digital currencies such as bitcoin accelerated in regions like Africa where the number of financially excluded adults is still very high. Indeed, the blockchain and cryptocurrencies have proved to be tailor-made for the “new…

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Trump intervenes in Ohio Senate primary — for himself

The Ohio Senate race is turning into one of the most brutal contests of next year’s midterm elections — and former President Donald Trump is worried it could hurt him if he waged a 2024 comeback bid. Trump last month called Club for Growth President David McIntosh to complain about a TV advertising campaign the conservative organization was running targeting Ohio Senate candidate J.D. Vance, and asked McIntosh to take the ads down. The commercials attacked Vance by using footage of him from 2016, when he described himself as a…

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Majority blues: House Dems not done limping for the exit

Joe Manchin once quipped that “Washington sucks.” House Democrats are starting to come to the same conclusion. Their retirements are piling up, with Rep. Peter DeFazio the latest announced departure on Wednesday. Their landmark bills are getting neutered in the Senate. They’ve already started a brutal round of redistricting as President Joe Biden’s approval ratings nosedive. Several senior Democrats, some of them heading for the exits as well, say it’s no surprise that so many are tapping out amid one of Congress’ most toxic sessions in recent memory. “Let’s face…

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The Nervos Network’s Ben Morris Talks About Godwoken, the EVM Compatible Layer 2 Solution

The Nervos Network is an open Blockchain platform for innovators to build applications that are decentralized, autonomous and universally accessible. They want to create an all-encompassing architecture that allows dApp developers to build once and reach all of these users, everywhere using layer 1 + Layer 2 solutions. Ben Morris is the Director of Business Development at Nervos. He recently joined the Bitcoin.com News Podcast to talk about the business: Ben is a business development leader, investor and founder. He spent over 10 years managing regional businesses at some of…

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Alternative Investments Like Crypto Form Half of Russian Non-Qualified Investors’ Portfolios

Investments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional Currencies and Stocks in Russia Alternative investments like crypto, real estate, and antiques constitute more than half of the portfolios of non-qualified investors in the Russian Federation, according to a new poll conducted by Investing.com. Digital currencies are leading among these options with 46% of 1,000 respondents viewing them as…

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Blockchain.com Acquires Latin American Crypto Investment Platform Sesocio

On November 30, The crypto firm Blockchain.com announced it acquired the Argentina-based investment platform Sesocio. According to the firm, the acquisition will give the company’s global workforce an aggregate headcount of 400 Blockchain.com employees worldwide. Blockchain.com’s Global Headcount Grows to 400 After Acquiring the Crypto Investment Platform Sesocio At the end of March, Blockchain.com raised $300 million and the firm’s post valuation swelled to $5.2 billion. In August, Blockchain.com’s CFO Macrina Kgil discussed how the company has surpassed $1 trillion in cryptocurrency transactions. Kgil further revealed the firm may go…

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Everscale Grants Program (Ex FreeTON) Now Accepting Applications

Everscale (ex FreeTON) network developers Broxus have announced the opening of their Everscale Grants program. The grants program will provide crucial financial and professional support to promising IT startups that qualify. November has been a busy month for the Everscale network. Early on the project, which previously was called FreeTON, announced it would be rebranding into Everscale. The reasons behind the change were tied to the significant advances that had been made on the network and its correlated ecosystem, relative to where it had started out as FreeTON. FreeTON was…

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Symone Sanders to leave the VP’s office

Symone Sanders, the senior adviser and chief spokesperson for Vice President Kamala Harris, is expected to leave the White House at the end of the year, according to five administration officials familiar with the matter. It was not immediately clear where Sanders is heading next or when she will be leaving the vice president’s office. Sanders is the highest profile exit and the second high-profile one from the Harris team in the last month. Ashley Etienne, Harris’ communications director, is also set to depart in the coming weeks. An official…

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Founder of Coin Signals Funds Pleads Guilty in Crypto Scam — Faces up to 10 Years in Prison

The founder and manager of several cryptocurrency funds has pleaded guilty to luring investors to his crypto investment scam. His funds consistently lost money and his scam left investors with a $5 million loss, according to the U.S. Department of Justice (DOJ). Investors Scammed Into Investing in Coin Signals’ Funds The U.S. Department of Justice (DOJ) announced Tuesday that Jeremy Spence (aka Coin Signals) has pleaded guilty in a fraudulent cryptocurrency investment scheme. Spence “solicited over $5 million from more than 170 individual investors for various cryptocurrency funds that he…

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5 takeaways from the Supreme Court showdown over abortion

At least five justices expressed a willingness to significantly pare down, if not overturn, Roe v. Wade, during Wednesday’s argument over a Mississippi law prohibiting abortion after 15 weeks. The nearly two hours of oral arguments revealed a court divided not only on the merits of the particular state law, but also on whether compromise is possible on abortion rights, the future of the court‘s standing with the American public, the bar for overturning longstanding precedent and what other dominoes might fall should a majority decide to overturn Roe. Here…

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Bank of America Sees Massive Opportunity in Metaverse for Entire Crypto Ecosystem

Bank of America’s strategist says that the metaverse is a massive opportunity where cryptocurrencies will be widely used as currencies. “I definitely believe this is a massive, massive opportunity,” he said. Bank of America’s Metaverse Prediction Bank of America’s strategist, Haim Israel, told the Insider Tuesday that the metaverse is a massive opportunity for blockchain technology. In addition, he expects it to take cryptocurrency mainstream. Israel is Bank of America’s managing director of research and a global strategist. He is also head of the global thematic research team at Bank…

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How Trump’s ‘America First’ edict delayed the global Covid fight

Decisions by top officials responding to President Donald Trump’s edict to protect “America first” contributed to a global delay in Covid-19 vaccine donations and a lack of effort to assist low- and middle-income countries, according to five current and former U.S. officials who worked under Trump on the federal pandemic response. The failure to view the Covid threat in global terms left some nations — including those where the Omicron variant emerged in recent weeks — lacking inoculation and much more vulnerable to mutations, the officials said. They described a…

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Omicron wave: How to do travel restrictions right this time

President Joe Biden is mulling new travel restrictions to slow the spread of Omicron in the U.S., as a new Morning Consult poll shows nearly 80 percent of U.S. adults back a ban on arrivals from eight southern African countries that went into effect Monday. The latest ban was imposed on the region where the heavily mutated coronavirus variant Omicron was originally identified, though experts have not established where the variant started. The first U.S. case of Omicron was identified in California, the Centers for Disease Control and Prevention confirmed…

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CDC looks for more Omicron cases after variant is detected in California

The new Omicron Covid-19 variant has been detected in California, according to the Centers for Disease Control and Prevention. The individual who contracted the variant is a resident of San Francisco, was fully vaccinated and had mild symptoms after traveling to South Africa and returning home Nov. 22, the CDC said in a press statement. The individual tested positive Nov. 29. Health authorities in California have reached out to all close contacts of the individual in question, who is in self-quarantine, and all of them have tested negative. Anthony Fauci…

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Justices signal willingness to pare back abortion rights

The Supreme Court’s liberal and conservative justices clashed Wednesday during arguments over Mississippi’s 15-week abortion ban, with each member of the six-justice conservative supermajority expressing openness to significantly paring back or completely overturning abortion rights protections guaranteed under Roe vs. Wade. Arguments by the lawyers for abortion rights groups and the Biden administration that the state’s ban would turn back the clock on women’s rights found little favor among the court’s potential swing justices. Breaking with others on the bench, Chief Justice John Roberts made it clear Wednesday that he…

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Tick, tick: House ends day with no shutdown deal

Democrats are scrambling to avoid a possible government shutdown in less than 72 hours as they desperately seek an agreement with the GOP during a day of frantic cross-aisle talks. The state of talks had not improved by Wednesday afternoon, with GOP leaders dug in on their opposition to Democrats’ plans and the party’s right flank vowing to use its procedural powers to trigger a brief weekend shutdown over President Joe Biden’s vaccine mandate. But some senior Democrats believe a deal could be within reach. “I have reason to believe,…

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Indonesia’s Central Bank Considers Issuing Digital Currency to ‘Fight’ Crypto

Bank Indonesia, the country’s central bank, is reportedly considering issuing a central bank digital currency (CBDC) to fight the use of cryptocurrency. “A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto,” said an assistant governor of the central bank. Central Bank Sees CBDC as Tool to ‘Fight Crypto’ Juda Agung, an assistant governor of Bank Indonesia, the country’s central bank, talked about cryptocurrency and central bank digital currency (CBDC) during his parliamentary “fit and proper test” to…

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$7.5 Million NFT Collection Accused of Using Art Without Permission Threatened by Legal Action

While non-fungible token (NFT) assets have been extremely popular in 2021, there’s been a slew of issues tied to the ecosystem as well. A recent report indicates that roughly a dozen artists are considering taking legal action against an NFT collection called “Art Wars” because their original artwork was sold as NFTs without their consent. NFT Collection Targeted Over Using Artwork Without Permission From the Original Artists Non-fungible token (NFT) assets have seen billions of dollars in sales this year, and the term “NFT” was just recently awarded the Collins…

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Republicans feud over vaccine shutdown fight

Several Senate Republicans are panning their colleagues’ strategy of forcing a shutdown fight over President Joe Biden’s vaccine mandates, hoping they back off before the midnight Friday deadline. Sen. Mike Lee (R-Utah) and a clutch of other Republicans are floating the idea of blocking a quick government spending vote until Democrats and Biden agree to bar funds for the mandates in the funding bill. Lee, the conference’s Steering Committee chair, is set to explain his strategy to his colleagues at a GOP lunch Wednesday. He’ll face a skeptical audience. Several…

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Dex Aggregator 1inch Network Raises $175 Million in Series B Funding Round

1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build new protocols. 1inch Raises $175 Million From Strategic Investors Over the last year, decentralized finance (defi) has propelled itself into the spotlight as a great number of dex platforms now provide users with the ability to trade and provide liquidity in a decentralized fashion. 1inch Network…

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Tick, tick: Dem anxiety spikes as GOP digs in over shutdown countdown

Democrats are suddenly scrambling to avoid a possible government shutdown in less than 72 hours amid stalled talks with GOP leaders and conservatives now vowing a rebellion over the Biden administration’s Covid vaccine mandate. Speaker Nancy Pelosi and her deputies had planned to reach a deal on a stopgap spending bill with Republicans by Wednesday morning, allowing both chambers to quickly approve the measure and avoid a funding lapse by midnight Friday. But GOP leaders have dug in on their opposition to the Democrats’ plan, just as their party’s far-right…

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Indian Finance Minister Reveals Crypto Bill Had to Be Reworked Before Submitting to Cabinet

India’s finance minister, Nirmala Sitharaman, has revealed that the previous version of the cryptocurrency bill the government is pushing needed to be reworked. “This bill, once the Cabinet clears, will come into the House,” the finance minister told Rajya Sabha, the upper house of India’s parliament. Indian Government Pushing New Crypto Bill Finance Minister Nirmala Sitharaman answered some questions in Rajya Sabha Tuesday regarding the government’s cryptocurrency plans and the crypto bill that has been listed to be taken up in the current session of parliament. “The Cryptocurrency and Regulation…

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Ethereum Market Cap Is Less Than 50% Away From Flipping Bitcoin — ETH Nears All-Time Price High

The second-largest cryptocurrency in terms of market capitalization, ethereum, has come awfully close to reaching the digital asset’s all-time high ($4,878) it reached 21 days ago on November 10. While bitcoin dominance has slid below the 40% zone, ethereum’s market dominance, or $557 billion market valuation, represents close to 20% of the crypto economy. Ethereum’s Price Trajectory Nears All-Time High — Ether Market Dominance Increases During the last two weeks, ethereum (ETH) has increased 10.8% in fiat value and year-to-date (YTD), ETH is up 668%. The YTD ether gains are…

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Dems’ paid leave push faces last stand

Democrats are running out of road in their pursuit of universal paid leave, and the GOP isn’t building them an off-ramp. The Senate is on the precipice of tossing a national paid family and medical leave program from President Joe Biden’s $1.7 trillion climate and social spending bill at the behest of Sen. Joe Manchin (D-W.Va.). Manchin says he supports enacting paid leave, but wants to do it separately to allow for Republican input. Yet Democrats say there’s not enough common ground with Republicans and are encouraging Manchin to rethink…

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Here’s What Should Worry Liberals and Conservatives About the Future of Roe v. Wade

On Wednesday, the Supreme Court will hear oral argument in what many view as the most significant abortion case in nearly half a century. Dobbs v. Jackson Women’s Health Organization involves a Mississippi law banning abortion at 15 weeks, the point at which the state claims that fetal pain is possible. From a legal perspective, the most significant part of the Mississippi law is that it bans abortion — with a few narrow exceptions, such as medical emergencies or severe fetal abnormalities — before viability, the point at which survival…

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