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Shanghai Man: Hack of little-known Poly Network highlights East-West crypto divide – Cointelegraph Magazine

Poly Network is hacked for over $600 million and users speak out on social media. The incident highlights how isolated some Chinese crypto projects are from the wider community. ....

Hong Kong , Dapps Openocean , Huobi Zlabs , Jun Dujun , Mainland China , Poly Network , Primitive Capital , Swing Finance , Compound Finance , Chinese Defi , ஹாங் காங் , பிரதான நிலப்பரப்பு சீனா , போலி வலைப்பின்னல் , ப்ரிமிடிவ் மூலதனம் , சாரி நிதி , கலவை நிதி , சீன டேபை ,

Adoption, scams and regulator FUD: 2020's biggest crypto disappointments

New Year Special
While 2020 has been a landmark year for the crypto space, there have been a few notable letdowns. Despite the growing mainstream acceptance of virtual currencies, some governments are still creating policies that stifle innovation, placing their countries at a disadvantage in the emerging digital economy.
Decentralized finance was a major talking point going into the year, and the market segment did not disappoint, with massive growth in investment throughout 2020. However, rogue actors continuously deployed elaborate scams, riding on DeFi hype to fleece victims.
Apart from that, several projects suffered opportunistic profiteering attacks with flash loan exploits and arbitrage, draining funds from liquidity pools. While there is an argument for not calling these events âhacks,â they offer in stark relief some of the growing pains of the DeFi space as participants work toward actualizing the end goal of democratizing finance. ....

United States , Paolo Ardoino , Ali Beikverdi , Samson Mow , Kashif Raza , Hugh Karp , Brian Armstrong , Steve Mnuchin , Jeremy Allaire , Lightning Network , Treasury Department , Supreme Court , Democrats In Congress , European Union , Segregated Witness , Compound Finance , Piers Ridyard , Chinese Defi , Nexus Mutual , Anti Money Laundering , Know Your Customer , Treasury Secretary Steve Mnuchin , Crypto Kanoon , South Korea Based , ஒன்றுபட்டது மாநிலங்களில் , சாம்சன் மோ ,