Cryptostreet

Thieves have struck a blow against the SafeDollar DeFi protocol.  The attack drove the value of the supposed stable coin to zero. If a stablecoin self-confidently advertises that it will become the “safest stablecoin in the DeFi sector” and then suddenly becomes worthless due to an exploit, there is a certain irony.  This is exactly what happened to SafeDollar (SDO).  As various media unanimously report, stablecoins with a total value of 248,000 US dollars were stolen from the SafeDollar smart contract on the Polygon (MATIC) blockchain.  The stolen property consists of two different stablecoins that were stored on the smart contract: The thieves stole Tether (USDT) worth around 46,000 USD and US dollar coin (USDC) worth around 202,000 USD, as on  polygonscan .com is  visible. SafeDollar has now also confirmed the exploit via Telegram. SafeDollar has been attacked.  We have paused activity on SafeDollar and are investigating the matter. SafeDollar Teleg...

In the past few weeks, new bans and restrictions have been determining the crypto market. In this conglomerate of negative news, we want to convey something positive to current and potential investors. Because there are still many countries on earth where you can find favorable conditions to invest in crypto. We introduce the 10 most crypto-friendly countries in the world. Number 10 most crypto-friendly country - the Netherlands Interest in cryptocurrencies is particularly high in the Netherlands. A survey showed that around 1 million Dutch people have already invested. Amsterdam is an important hub with innovative Bitcoin and blockchain startups such as Bitfury and Bitpay. More than 70 merchants in the country accept Bitcoin as a means of payment and there are several Bitcoin ATMs. Number 9 – Georgia Georgia has recently become an insider tip as a location for the self-employed and entrepreneurs. Low taxes and regulations mainly attract online entrepreneurs, but also traders. There ar...

One of the largest digital traffic infrastructure projects in Germany, which specifically deals with the vision of autonomous driving and is supported by the federal government, announced in the last few days that they will implement IOTA as a core technology.  In order to equip the system with the greatest possible resilience and security, we will use  the distributed IT infrastructure IOTA , an open-source distributed ledger technology.  IOTA is a secure, toll-free, lean, and easily adaptable, decentralized infrastructure for the transmission of data and microscopic values ​​without relying on middlemen.  We as the ETO GROUP plan to use various IOTA libraries such as Stronghold, Streams, and Identity at the relevant nodes of the ALFRIED architecture and thus ensure security, confidentiality, and the traceability of data and devices. From my point of view, we are currently seeing another very good example of why the future in the crypto market, even in the current d...