"Facebook's Diem Pivots " May 14, 2021
The longest-running daily podcast briefing for news about bitcoin, blockchain, and all other global cryptocurrency and DLT updates.
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Show Notes
Today’s blockchain and cryptocurrency news
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Bitcoin is down .5% at $50,625
Ethereum is up slightly at $3,999
and Binance Coin is down slightly at 606.
Dogecoin up 29%
Polygon up 24%
Ethereum classic, up 21%
Facebook’s Libra project pivots to Diem, pivots back to the US, and pivots to a USD stablecoin.
The IRS warns that the agency can seize people’s crypto assets to settle unpaid taxes.
DeFi protocol xToken exploited for $24.5M.
The Colonial Pipeline paid the $5M crypto ransom soon after the attack.
Links:
- IRS Seizing Crypto Assets to Pay Off Tax Debts, Official Says
- Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom - Bloomberg
- Attacker uses flash loans in $24.5 million exploit of DeFi protocol xToken
- xToken on Twitter: "Our initial report on today's exploit. More details in the coming days. https://t.co/ZadHCUTqEK" / Twitter
- Diem Announces Partnership with Silvergate and Strategic Shift to the United States
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