Washington(CNN Business) Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry’s history. On Monday morning, Crypto.com announced via Twitter: “We have a small number of users reporting suspicious activity on their accounts.” In response, the company paused withdrawals, to ensure the safety of user funds and launched an investigation, it said. Crypto.com said at the time that “all funds are safe.” A lot of our customers, we could see them buy some crypto, start investing, and then a small subset of them would become active traders. And when they become active traders they would need to go to another company to get an active trading product. And so we wanted to build a product that would satisfy that customer’s need to actively trade their crypto. https://cgdive.com/community/profile/jamaalpowe59440/ “Backing currency with gold offers investors a major competitive advantage over other junior mining companies,” says Chris Torres, CEO of Asia Broadband, Inc. (OTC: AABB). “The unique mine-to-token product can become a worldwide standard of exchange, secured and trusted with gold backing.” Whatever Bitcoin’s eventual fate, its blockchain technology is truly ingenious and groundbreaking. Bitcoin has shown how programs running on networks of computers can be harnessed to securely conduct payments, within and between countries, without relying on avaricious financial institutions that charge high fees. For migrant workers sending remittances back to their home countries, for instance, such fees are a major burden. Technologies that make payments cheaper, quicker and easier to track would benefit consumers and businesses, facilitating both domestic and international commerce.
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Washington(CNN Business) Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry’s history. On Monday morning, Crypto.com announced via Twitter: “We have a small number of users reporting suspicious activity on their accounts.” In response, the company paused withdrawals, to ensure the safety of user funds and launched an investigation, it said. Crypto.com said at the time that “all funds are safe.” A lot of our customers, we could see them buy some crypto, start investing, and then a small subset of them would become active traders. And when they become active traders they would need to go to another company to get an active trading product. And so we wanted to build a product that would satisfy that customer’s need to actively trade their crypto. https://cgdive.com/community/profile/jamaalpowe59440/ “Backing currency with gold offers investors a major competitive advantage over other junior mining companies,” says Chris Torres, CEO of Asia Broadband, Inc. (OTC: AABB). “The unique mine-to-token product can become a worldwide standard of exchange, secured and trusted with gold backing.” Whatever Bitcoin’s eventual fate, its blockchain technology is truly ingenious and groundbreaking. Bitcoin has shown how programs running on networks of computers can be harnessed to securely conduct payments, within and between countries, without relying on avaricious financial institutions that charge high fees. For migrant workers sending remittances back to their home countries, for instance, such fees are a major burden. Technologies that make payments cheaper, quicker and easier to track would benefit consumers and businesses, facilitating both domestic and international commerce.
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