[Link] Cryptocurrency Loan Platform Implodes In $130 Million Hack

Read: 28/10/2021 www.vice.com

On Wednesday, crypto lending service C.R.E.A.M. Finance was the target of a hack that stole over $130 million. It’s not only one of the largest heists ever targeting a so-called “decentralized finance” (DeFi) platform, but also the third such hack targeting C.R.E.A.M.

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[Link] SEC: GameStop Frenzy ‘Tested the Capacity and Resiliency’ of Stock Market

Read: 19/10/2021 www.vice.com

“At the same time, the trading in meme stocks during this time highlighted an important feature of United States securities markets in the 21st century: broad participation,” the report noted.

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[Link] People Are Taking Out Loans Against Their NFTs—And Defaulting

Read: 15/10/2021 www.vice.com

In the ongoing speedrun to turn everything into a non-fungible token, savvy traders and entrepreneurs have recently taken a few steps to squeeze more investment opportunities out of their JPEGs. Case in point: it’s now a thing to take out a loan and offer up an NFT as collateral.

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[Link] Zip plunges into the red as global expansion costs bite

Read: 25/8/2021 www.afr.com

Key Points Revenue ($m) 403.2, up 150.4% from year-earlier 161.0 Pre-tax loss($m) -718.3 compared with year-earlier 20.6 Net loss ($m) -652.5 compared with year-earlier -19.9 No dividend declared.

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