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Origin Dollar compensation plan marks progressing maturation of DeFi space
Traders and developers are trending towards greater DeFi depositor protections in unison NEWS On Friday, decentralized finance (DeFi) stablecoin project Origin Finance announced a plan to compensate users affected by a $7 million November exploit — part of a wider trend from developers, users, and traders that has seen actors across the DeFi space more widely embrace insurance products and other exploit backstops. On November 17th, Origin Dollar announced that its yield-bearing stablecoin project had been the victim of a $7 million flash loan attack. While the attack is just another…
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Crypto Long & Short: Bitcoin’s Relationship With Gold Is More Complicated Than It Looks
Earlier this week, JPMorgan published a global markets strategy note that points out that money has flowed out of gold and into bitcoin since October, and predicts that this trend will continue over the medium to longer term. The easy conclusion is that investors are finally understanding that bitcoin (BTC, -0.62%) is a superior future store of value to gold, and are rotating out of one and into the other. I’m not convinced that’s what we’re seeing. I agree with the analysts, though, that inflows into bitcoin will continue to increase, but not because investors are changing…
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Turing Labs Announces Latest Research – Edge Computing & AI Solutions
The Sun (UK) – Turing Labs, the UK’s leading not-for-profit research organisation, has unveiled its latest edge computing and AI solutions at an event that brought together government and industry bodies as well as mainstream media to share the results of its research and development. Edge computing, which is an open platform that uses network, computing, storage and application core capabilities as an integral part of an open platform on the side close to the source of things or data, provides the nearest end service nearby. Its applications are initiated…
