Wednesday, October 27
Latest News

DeFi Cream Finance suffers new attack of $ 130 million in Ethereum network tokens

Key facts: This would be the third hack that Cream Finance suffers so far in 2021. The attacker would be using transaction mixing services to launder the stolen tokens. The decentralized finance protocol (DeFi) Cream Finance came under a new attack this Wednesday, October 27. This time, the hacker managed to extract tokens worth close to $ 130 million. The attacker exploited a vulnerability in the smart contract of flash loans (instant loans) from Cream Finance on the Ethereum network. The protocol It also has funds in the Binance Smart Chain and the Polygon and Fantom blockchains that, as of the writing of this article, they are not reported as affected by the attack. Alarms soared once block...
Latest News

More problems for the purchase of ARM from Nvidia: the European Union will investigate the operation

Nvidia's acquisition of ARM runs into yet another obstacle later of the notice from the British authorities. From Reuters we read that the European Union is about to investigate the purchase, arguing that it could lead to higher prices and less diversity of options for consumers. The future of the acquisition, put in (even more) doubt The agency believes that Nvidia "has not offered enough concessions" to ARM for the purchase, even after stating that it would allow ARM to continue as a neutral supplier for other brands. Not for nothing Samsung, Apple or Qualcomm base their current chip architectures on ARM. This is what Margrethe Vestager, European Commissioner for Competition, has to say about it: "Although Nvidia and ARM do not compete directly with each other, ARM's intelle...
Latest News

PPMC says Nigeria will save N12 trillion in 4 years with removal of petrol subsidy

The Petroleum Product Marketing Company (PPMC) said that the implementation of full deregulation of the downstream sector of the petroleum industry will save Nigeria the sum of N12 trillion in 4 years. The expected savings will be made from the removal of payment of subsidy on Premium Motor Spirit otherwise known as petrol, which is consumed by Nigerians. According to NAN, this disclosure was made by the Managing Director of PPMC, Mr Isiyaku Abdullahi, while speaking at the ongoing 15th Oil Trading and Logistics (OTL) Africa Petroleum Downstream Week 2021 on Wednesday in Lagos. What the Managing Director of PPMC is saying Abdullahi said, “At 80 dollars crude oil, 60 million litres daily consumption and N411 to a dollar foreign exchange, Premium Motor Spirit (PMS) underrecovery...
Latest News

Robinhood Shares Plummet, Cryptocurrencies Blame?

What was believed to be one of the best years for Robinhood seems to end in complete disappointment. Yesterday Robinhood released a rather disappointing earnings report and it caused stocks to drop about 10%, is cryptocurrency to blame? Robinhood did not have the year he expected After an extraordinary start to the year, Robinhood's crypto-related revenue fell sharply. The reason? The cryptocurrency environment has stabilized to some extent and this led to a reduction in users on the platform, especially a drop in funded accounts. Thus, according to the report, Robinhood's revenues associated with cryptocurrencies fell to USD 51 million in the third semester. Recall that, during the second quarter, reported revenue was USD 233 million, a 78% drop. ...
Labor and Economy restart the debate on the labor reform pending the meeting of Sánchez with Calviño and Díaz
News

Labor and Economy restart the debate on the labor reform pending the meeting of Sánchez with Calviño and Díaz

Labor and the Economy have sat down this afternoon to review, once again, the content of the labor reform. They have not been alone, members of the Treasury, Social Security and Education were also present, in a meeting that has lasted about three hours at the Ministry of Labor. The meeting is part of the new internal coordination scheme agreed on Wednesday by the two Executive formations, PSOE and United We Can, to ease the crisis unleashed between the two souls of the Government over this issue. Next Tuesday there is a key meeting: President Sánchez has summoned Vice Presidents Nadia Calviño and Yolanda Díaz, with ...
Latest News

Cream Finance Hacked for $130 Million In Another Flash Loan Attack

Decentralized lending protocol Cream Finance has suffered a flash loan attack, losing over $130 million worth of various crypto assets. This was the third successful hack against the popular DeFi project in the past year. Cream Finance has confirmed it suffered an exploit this Wednesday through a flash loan attack, compromising mostly Cream LP tokens and other ERC-20 coins. Blockchain security firm PeckShield was the first to identify the attack. Data from blockchain explorer Etherscan shows $132 million was stolen from the C.R.E.A.M v1 marketplace on Ethereum, later sent to two different wallets. The flash loan involved 68 different assets and cost around 9 ETH in gas. At press time, the attacker now holds $92 million worth of various tokens on its contract, and $22 mi...
News

Etesa invests more than $ 5 million to improve the reliability of the energy system in Panama Oeste

With the entry into operation of a new power autotransformer on October 15, 2021, and with an investment of $ 5.13 million, by the Electric Transmission Company, SA (Etesa) expects to increase the availability of the transformation park in the substation of La Chorrera.Thanks to this investment in this substationn, Etesa increased installed transformation capacity to 300 megavoltiamperio (MVA) in each winding dand 115 kilowatts (kV) and 34.5 kV, in order to reliably meet the increase in demand in the West Panama areaIn addition, preventive maintenance is guaranteed since the three autotransformers allow compliance with (criterion N-1) Security of the Electric Transmission Networka keeping at least 200 MVA available while a transformer goes out of operation. The new power autotransformer...
News

Hispanics, the market that enshrined Toyota’s success in the US | Digital Trends Spanish

Toyota Tundra TRP ProThe auto industry seems to be in a constant revival. Every year, the media becomes obsessed with new vehicles and equipment packages, comparing what automakers offer with user expectations. It's hard to succeed in this market, but Toyota succeeds. According Statista, the Japanese company It produced 7.5 million vehicles in 2020 and sold 9.5 million, suggesting that users were starving for Toyota cars and trucks, purchasing older models from dealer lots. You will be interested in: Likewise, this multinational has a market capitalization of $ 254,000 million dollars and vehicles that regularly rank at the top of their respective classes in consumer defense sites such as Consumer Reports and Edmunds. Tyler mcbrideAll of this tells us that Brand loyalty is important ...
Latest News

DeFi protocol suffers hacker attack and loses R$720 million

The Cream Finance decentralized finance protocol suffered an attack that drained 720 million reais in tokens through an attack that used flash loan, quite common in these cases. This was not the first attack suffered by Cream, although it was the biggest so far, surpassing the sum of the two previous ones. The team commented via Twitter that it is investigating the case. The growing number of hacks on DeFi protocols is related to their gain in popularity and therefore the amount of money involved. Being attractive in the eyes of hackers. You can ask for music now This is the third time that Cream Finance has suffered losses. In August of this year, around 100 million reais in tokens were stolen from the platform and previously, in February, another 200 million. However this was the b...