Technology Financial News

10.08 / 00:53

Blockchain Technology Ethereum Cybersecurity BREAKING: Curve Finance team warns users to avoid using site until further notice

On Aug 9, automated market maker Curve Finance took to Twitter to warn users of an ongoing exploit on its site. The team behind the protocol noted that the issue, which appears to be an attack from a malicious actor, was affecting the service’s nameserver and frontend.

10.08 / 00:09

Blockchain Technology Stablecoin defi Support Circle plans to only support Ethereum PoS chain after Merge is complete

On Tuesday, Circle, the issuer of the USDC stablecoin, pledged its full support for the transition of Ethereum to a proof-of-stake, or PoS, blockchain after the much-anticipated Merge upgrade. The firm views The Merge as an important milestone in the scaling of the Ethereum ecosystem, writing:

09.08 / 21:53

Blockchain Technology defi Terra Luna Cross-Chain 'IBC is a serious alternative for secure cross-chain communication,' says Sunny Aggarwal of Osmosis

On August 2, the Nomad token bridge became yet another victim of cross-chain hacking after the protocol suffered a $190 million exploit. Joining a list of casualties alongside Axie Infinity’s Ronin Bridge and Solana’s Wormhole, many industry experts have cast doubt on the future of cross-chain technologies. However, not all cross-chain toolkits have thus far been exploited. Regarding this matter, Cointelegraph spoke with Osmosis’ co-founder Sunny Aggarwal. Osmosis is one of the most popular decentralized exchanges, or DEXs, on the Cosmos hub with $120 million in total value locked. Here’s what Aggarwal had to say regarding Cosmos’ namesake inter-blockchain communications protocol (IBC):

09.08 / 18:43

business Blockchain Technology Adoption Blockchain and NFTs are changing the publishing industry

Web3 has become the most sought-after investment sector of 2022, as use cases for nonfungible tokens (NFTs), the Metaverse and other blockchain applications come to fruition. Therefore, it shouldn’t come as a surprise that different segments of the publishing industry have begun to use Web3 technologies to transform traditional models.

09.08 / 01:49

business Blockchain Technology MICRO Trend Micro calls out vulnerabilities in metaverse security development

In a new report published by American-Japanese cybersecurity company Trend Micro, the firm says that the metaverse possesses increasing vulnerabilities that could materialize within the next three to five years.

09.08 / 00:07

Blockchain Technology regulation Circle freezes blacklisted Tornado Cash smart contract addresses

According to crypto data aggregator Dune Analytics, on Monday, Circle, the issuer of the USD Coin stablecoin (USDC), froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control's (OFAC) Specially Designated Nationals and Blocked Persons (SDN) list. Tornado Cash is a decentralized application, or dApp, used to obfuscate the trail of previous cryptocurrency transactions on the Ethereum blockchain.

08.08 / 22:29

Blockchain Technology defi White hat hackers have returned $32.6M worth of tokens to Nomad bridge

Mere hours after the Nomad token bridge published an Ethereum wallet address last week for the return of funds following a $190 million hack, whitehat hackers have since returned approximately $32.6 million worth of funds. The vast majority of funds consisted of stablecoins USD Coin (USDC), Tether (USDT) and Frax, along with altcoins.

08.08 / 16:37

Blockchain Technology Ethereum Internet ethereum name service Ethereum Name Service founder reflects as 2 million registration mark nears

The proliferation of the internet brought the world to the fingertips of users, and with it came a rush to register domains on the nascent network. Businesses like Amazon were born on the internet, while many others took their real-life business online by registering a website.

07.08 / 16:05

Blockchain Technology Ethereum defi What is Chainlink VRF and how does it work?

Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the digital economy.

06.08 / 16:29

Blockchain Technology Adoption defi money market What is a decentralized money market and how does it work?

The seamless flow of capital between borrowers and lenders is a key aspect of a vibrant economy. Anyone with an extra asset can lend it to put their idle capital to work, while people needing it to grow business or meet operational costs can easily access it.

05.08 / 17:09

Technology Adoption defi Trading Decentralized finance faces multiple barriers to mainstream adoption

Decentralized finance (DeFi) is a growing market popular with experienced crypto users. However, there are some roadblocks regarding mass adoption when it comes to the average non-technical investor.

05.08 / 10:15

Technology Water Outrage in Kyiv after Amnesty accuses it of endangering civilian life

Kyiv has reacted furiously to an Amnesty International report that accuses it of riding roughshod with civilians in the country's fight against Russia.

04.08 / 20:25

business Blockchain Technology Adoption Meta enables Instagram NFT integration in over 100 countries

According to a Meta newsroom post updated on Thursday, the Mark Zuckerberg-led company has begun its nonfungible token (NFT) expansion across 100 countries in Africa, the Asia-Pacific, the Middle East and the Americas. This includes adding support for wallet connections with Coinbase Wallet and Dapper as well as the ability to post digital collectibles minted on the Flow blockchain. The initial rollout targets the popular social media app Instagram.

04.08 / 16:33

Technology Ethereum Adoption proof-of-work Lido’s market dominance and Ethereum decentralization post-Merge

After a successful third testnet merge, Sept. 19 was recently proposed as the tentative target date for the Ethereum Merge. Ethereum is set to fully transition from proof-of-work (PoW), the original consensus mechanism used by the Bitcoin network, to the more energy-efficient proof-of-stake (PoS) used by younger networks like Solana and Cardano.

04.08 / 14:21

Technology Ethereum defi How to create and launch a cryptocurrency token with TokenMint?

Developing a cryptocurrency token has been a complex task, as it requires advanced blockchain programming skills. Until recently, only blockchain developers with strong coding skills could create a mechanism to mint digital coins. This scenario, however, led to the development of platforms where anyone, not knowing even an iota of programming, could launch their cryptocurrencies.

04.08 / 07:09

Blockchain Technology Analysis Cybercrime Cross-Chain $2B in crypto stolen from cross-chain bridges this year: Chainalysis

Cross-chain bridge hacks have accounted for 69% of the total crypto stolen in 2022, amounting to $2 billion in losses, according to a new report.

03.08 / 14:27

Blockchain Technology regulation Fraud PUMP What are crypto pump and dump groups? Are they legal?

Pump-and-dump operations, which fraudulently manipulate prices by disseminating false information, have existed in economic contexts since at least the 1700s. For instance, con artists with shares in the South Sea Company started making false statements about the business and its revenues in the beginning of the eighteenth century.

02.08 / 19:13

Blockchain Technology defi Hackers vulnerability Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability

On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform's v3 Fantom market. Created in 2018, Fantom is a directed acrylic graph smart contract platform that provides DeFi services and on which Aave is currently bridged.

02.08 / 17:03

Technology Art Google Google AI turns all 10,000 BAYC NFTs into machine-made art

Google Cloud Neural Networks worked with its artificial intelligence (AI) software to make art. Not just any art — nonfungible token (NFT) art.

01.08 / 19:15

business Blockchain Technology Blockchain cloud infrastructure company W3BCloud to go public via $1.25B SPAC

On Monday, W3BCloud, a firm building global data centers for the Web3 and blockchain sectors, announced that it was going public via a takeover by special purpose acquisition vehicle (SPAC) Social Leverage Acquisition Corp I. ‍

01.08 / 17:49

business Blockchain Technology Adoption International How blockchain technology can revolutionize international trade

Since time immemorial, technological innovations have shaped the structure of commerce and trade. The discovery of electricity encouraged mass production and the advent of steam engines ushered in an era of mechanized production.

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