South African Reserve Bank encourages friendly behavior with crypto

The Prudential Authority of the Reserve Bank of South Africa sent out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurrency. It suggested that such an act could cause greater risk in the long run. The official notice was signed by Prudential Authority CEO…

Acala trace report reveals 3B aUSD erroneously minted

High-profile security incidents continue to be a theme in 2022, with the Acala network joining a long list of stricken platforms to fall prey to exploits. The Acala USD (aUSD) token, which acts as a native stablecoin for the Polkadot and Kusama blockchains, saw its value plummet 99% after a misconfiguration of the iBTC/aUSD liquidity…

The 5 Best Motorcycle Loans for 2022

Harley-Davidson leads the pack when it comes to manufacturer financing. By offering loans on new and used models, you can benefit from low-interest loans with repayment terms of up to seven years. Additionally, Harley-Davidson will also offer financing if you purchase a Harley from a private individual. Advantages Equipment and accessories can be added to…

Network and token freeze after Acala exploit raises questions

The Acala Network’s aUSD stablecoin depegged by over 99% over the weekend and forced the Acala team to pause a hacker’s wallet, raising concerns about its claim of being decentralized. On Sunday, a hacker took advantage of a bug on the iBTC/aUSD liquidity pool that resulted in 1.2 billion aUSD being minted without collateral. This…