Project aims to take on SAP ERP with decentralized apps

Enterprise resource planning (ERP) solutions can be quite expensive, especially for smaller companies. While ERP giants like SAP try their hands at blockchain-based solutions, a relatively small team now aims to provide an alternative that delivers similar functions using decentralized apps (DApps). In a Cointelegraph interview, William Pete, the CEO of Energy Ledger explained that…

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Security firms seek to make it more difficult for scammers to get away with DeFi project hacks

The rise of community-oriented blockchain security companies may be making it more difficult for alleged bad actors to get away without a trace. Early Wednesday, CertiK issued a community alert regarding Flurry Finance, where its smart contracts were allegedly breached by hackers, leading to $293,000 worth of funds being stolen. Shortly after the incident, CertiK…

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Ethereum dominance may dwindle as competitors emerge: Morgan Stanley

Morgan Stanley’s wealth management global investment office has published a report on Ethereum (ETH) arguing that the blockchain’s dominance could dwindle if strong market competition emerges. The investment banking giant’s report is titled “Cryptocurrency 201: What Is Ethereum?” and it provides a detailed rundown of the ecosystem along with its advantages and disadvantages in relation…

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DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme

The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process. According to the Department of Justice (DOJ), a San Diego-based federal grand jury specifically charged Kumbhani for orchestrating the alleged Ponzi scheme via BitConnect’s “Lending Program”: “BitConnect operated…

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