#NewsFridayDigiFinex 2020 Week 8

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Get the latest crypto news of the week with #NewsFridayDigiFinex!

On this week:

Co-Founder of Bloomberg & 2020 Presidential candidate Michael Bloomberg, Propose To Create A New Crypto Financial Regulation Plan

[Photo by: Elise Amendola, The Times Of Israel]

Although Bloomberg joined the election slightly later, he poured millions of dollars into his presidential campaign. He also published a new financial regulation plan that would hopefully provide a higher consumer protection for the blockchain users and exchanges through the use of regulation framework .

Source: Coindesk

Hacker Stole $360,000 ETH Using Flash Loan From Four Different Crypto Exchange

[Photo by: Eftakher Alam, Unsplash]

Loan without a credit card? Although flash loans sounds too good to be true this system may have opened some loopholes for itself! A hacker managed to earn himself a whooping  $360,000 ETH in just 7 steps from a chain flash loan operation within different exchanges! 

Source: Trustnodes

$130 Million USD Worth Of Crypto Assets Lost In Crypto Exchange, Halts Tradings and Withdrawals

[Photo by: Micheile Henderson, Unsplash]

The crypto exchange FCoin founded by ex-Huobi CTO Zhang Jian, announced that they are currently unable to process user transactions. Zhang mentioned in a blog post on Monday stating that now FCoin is insolvent and there is an estimation loss of about 7,000 to 13,000 Bitcoins. 

Source: FCoin

Samsung Steps Foot Into Crypto and Sets A New Platform For Crypto Security

[Photo by: Jonas Leupe, Unsplash]

Samsung has officially released its latest smartphone series & it comes with their improved cold wallet! Users can link their Samsung Blockchain Keystore app to their crypto wallet for more security. Samsung has also voiced its interest in developing blockchain & plans to roll out its Knox platform into the global network.

Source: Forbes

Korean Blockchain Startup Contents Protocol (CPT) Announced Company Liquidation and Asset Distribution

[Photo by: Asia Blockchain Review]

Contents Protocol (CPT), once a popular Korean blockchain startup that raised a total of 29,334 ETH via an ICO and private token sale in 2018, announced they had decided to put a stop to their business and return the remaining assets to CPT token holders. According to their announcement, Contents Protocol had faced “numerous difficulties in encouraging participation from content consumers because of their negative perception toward cryptocurrency, price volatility and complex user experience.” 

Source: https://contentsprotocol.io/

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There are many use cases for NFT real estate but it is most commonly used as a space to socialize, work, and game.

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Arbitrum Project Introduction

From 2020 to now, many public blockchains such BSC, Solana, Polkadot, and Avalanche raced to take over ETH’s users and market. Their advantages on low gas fee and quick transaction time made ETH eager to release effective Layer2 program to expand the capacity. Since Arbitrum was released, its ecosystem grew up rapidly and already owned many mature and popular featured projects on different race tracks.

Polkadot, the King of Cross-chain Explained

What is Polkadot? Polkadot is a heterogeneous blockchain founded by Gavin Wood, former CTO of Ethereum, is an impeccable blockchain project that is perfect in every sense. Its founder, Gavin Wood, is the author of the Ethereum White Paper and the person who knows the defects of Ethereum at heart. Polkadot was founded with the idea to solve Ethereum’s shortcomings and replace it as the “King of the Public Chain”. Read to find out more!

Fil Mooned Right Away After I Sold It. Am I One of the Weak Hands?

“Fil mooned right away after I sold it. I am the weakest hand in the crypto world.” said one of my friend who has been trading cryptocurrency for many years. He is a user during the public sale and bought FIL at the price of $2. After the FIL is unlocked, he sells coins wildly every day. But even so, he still hates the slow process of unlocking, so he directly sold all the publicly purchased Fil at the price of dozens of dollars.

What is EIP-1559? How will it affect Everyday Users? Will it Pump Up ETH Price?

What is EIP-1559? How will it affect Everyday Users? Will it Pump Up ETH Price? The EIP-1559 we will be talking about in this article is an example of Ethereum improvement proposal. This proposal was first put forward in November 2018 by Eric Conner, an ETH developer. It aims to reform the GAS fee bidding system of ETH, so to reduce the cost for users to transfer money on ETH.

DigiFinex Apollo IEO Project HGOLD Token Sale Announcement & Sponsoring Michael Madsen’s Imprint Ceremony in Hollywood

5 rounds of HollyGold Limited Token Sale came to an end smoothly last Friday, Nov 13rd, 2020. Not only was it a successful token sale, its’ results were indicating a positive growth in the project HollyGold. HollyGold has also sponsored Michael Madsen at his celebratory imprint ceremony in Hollywood recently.

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