Ethereum staking protocol, Lido Finance, has recently responded to allegations of hackers exploiting a known security flaw in the Lido DAO (LDO) token contract. While Lido did not confirm any specific exploits, it acknowledged the existence of the security flaw and reassured users that their LDO and stETH funds remain safe. SlowMist, a prominent blockchain
Ethereum
The Ethereum ecosystem has been revolutionized by the emergence of zero-knowledge (ZK) proof solutions. However, according to Nicolas Liochon, the head of Consensys’ zkEVM Linea, the introduction of proto-danksharding is set to dramatically reduce the cost of rollups. In an exclusive interview with Cointelegraph Magazine, Liochon projected that proto-danksharding could decrease rollup costs by a
In a devastating blow to the crypto gambling industry, the notorious North Korean Lazarus Group has been identified as the perpetrator behind the recent $41 million hack of Stake, a popular crypto gambling platform. This revelation, made by the Federal Bureau of Investigation (FBI) on September 7, has sent shockwaves throughout the cryptocurrency community. Stake,
Privacy in financial transactions has become a crucial concern for individuals around the world. With the rise of blockchain technology and the increasing use of cryptocurrencies, the need for secure and private transactions has never been more apparent. One solution to this problem is the use of privacy pool systems, which allow users to prove
Global payments processor, Visa, has recently announced its support for USD Coin (USDC) payments settled on the Solana blockchain. This marks a significant expansion of Visa’s stablecoin offering and demonstrates the company’s growing interest in cryptocurrencies and blockchain technology. With live and completed pilots already underway, Visa is leveraging the benefits of USDC and blockchain
Crypto gambling site Stake.com recently experienced an alarming situation involving $16 million in suspicious withdrawals on September 4th. The security platform, Cyvers Alerts, labeled these transactions as “suspicious” and identified the withdrawing account as the “Stake.com Hacker.” Etherscan, a blockchain explorer, further suggests that a stolen private key may have caused the drained funds. Blockchain
DeFi continues to make significant strides, and this week, Ethereum staking services have reached an agreement on implementing a 22% limit on all validators. This decision aims to ensure fair markets and maintain the decentralization of the Ethereum network. Several providers, including Rocket Pool, StakeWise, Stader Labs, and Diva Staking, have committed or are in
In a recent dismissal order, Judge Katherine Polk Failla of the United States District Court has characterized Ethereum (ETH) as a commodity in the case against the decentralized exchange Uniswap. The lawsuit, brought by Uniswap users who claimed they suffered losses due to scam tokens on the platform, saw Failla referring to ETH and Bitcoin
Hong Kong retail cryptocurrency traders are experiencing new opportunities as local exchanges are launching retail trading services. This development comes after HashKey Exchange was granted Type 1 and Type 7 licenses by the Hong Kong Securities and Futures Commission (SFC) on August 3, allowing them to serve professional, institutional, and retail investors. In addition, digital
Circle, the company behind the popular United States dollar stablecoin USD Coin (USDC), is set to launch a native version of the stablecoin on the Base network. This move will replace the current USD Base Coin (USDbC) that users have been using as a substitute. In an announcement made on August 29, CEO Jeremy Allaire
The Controversial Decision of friend.tech The latest decentralized social media platform in the crypto space, friend.tech, has caused a stir within the community due to its recent announcement regarding penalties for users who choose to participate in forks or copycat versions of its tokenized social media platform. The decision to punish users has been met
Cryptocurrency news in East Asia continues to make headlines, with significant developments in various countries. From the opening of a new crypto exchange in Hong Kong to China’s crackdown on private blockchain firms, here are the latest updates from the region. Crypto exchange HashKey is set to open its doors to retail traders in Hong
The advent of Unstoppable Domains’ (UD) instant messaging system has marked a new era in Web3 communication. This groundbreaking development, announced by principal engineer Aaron Quirk on August 23, now allows owners of UD-registered usernames, such as .crypto, .wallet, and .polygon, to seamlessly message one another across various XMTP-enabled apps. To ensure privacy and security,
In a surprising turn of events, it has been revealed that former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. This information was brought to light by the non-profit watchdog, Citizens for Responsibility and Ethics in Washington, in their recent financial statement release on August 14th. The financial report discloses
The recent brute force hack on RocketSwap Labs has sent shockwaves throughout the crypto community. With a staggering $865,000 or 471 Ether (ETH) stolen from the protocol, the project is now faced with the daunting task of picking up the pieces and bouncing back stronger than ever. The team behind RocketSwap Labs has wasted no
In the ever-evolving world of blockchain and cryptocurrency, a new development called Bitcoin Ordinals has emerged. Created by Bitcoin developer Casey Rodarmor in January 2023, Ordinals are inscriptions made on individual units of a digital asset. They function similarly to limited edition lithograph prints, where each Ordinal is numbered and holds a unique value. Adding
Collecting art has always been about more than just the art itself. It’s about the story behind the piece and the identity of the artist. However, the emergence of Non-Fungible Tokens (NFTs) has revolutionized the art world by providing a way to attribute provenance to digital objects. In recent years, there has been a surge
The non-fungible token (NFT) project y00ts has recently made the decision to switch blockchain networks once again, moving from Polygon to Ethereum. This move comes just four months after the majority of its NFTs were bridged from Solana to Polygon. The announcement was made by DeLabs, the NFT firm behind y00ts, through their X (Twitter)
Bitcoin Ordinals, a groundbreaking protocol launched earlier this year, has captivated the crypto community by offering a new way to inscribe assets like nonfungible tokens (NFTs) and Bitcoin-based cryptocurrencies on the Bitcoin blockchain. Recognizing the potential of this protocol, the team behind Bitcoin Ordinals has recently established the Open Ordinals Institute, a nonprofit organization dedicated
PayPal’s recent launch of its Ethereum-based stablecoin, PYUSD, has been met with both excitement and skepticism within the crypto community. On one hand, it is seen as a significant step towards mainstream adoption of Ethereum. The introduction of this stablecoin could propel Ethereum closer to becoming the money layer of the internet, according to Ethereum
Blockchain technology has been experiencing a tumultuous journey in East Asia, especially in China. Recent news reports have shed light on various issues plaguing the industry, from legal battles surrounding Bitcoin loans to the unexpected shutdown of the Multichain cross-chain bridge. Additionally, rumors of arrests and declining reserves have cast a shadow over cryptocurrency exchange
The co-founder and CEO of zkSync creator Matter Labs, Alex Gluchowski, has found himself in the midst of controversy. Polygon Zero, a zero-knowledge scaling firm, has accused Matter Labs of copying code from their system without proper attribution. In a blog post, Polygon Zero claimed that Matter Labs had incorporated what they referred to as
As uncertainty looms over Curve exposure in many decentralized finance (DeFi) protocols, the founder of Aave Chan, Marc Zeller, has put forward a proposal suggesting that Aave Treasury purchases $2 million worth of CRV tokens in USDT from Curve founder Michael Egorov. This strategic move aims to demonstrate DeFi’s support for DeFi, while at the
Artificial intelligence (AI) has become a crucial component in various industries, revolutionizing the way businesses operate. It involves the development of intelligent machines that can perform tasks typically requiring human intelligence. Over the years, AI has witnessed significant advancements, leading to a multitude of possibilities that have the potential to reshape our world. With continuous
In a recent incident, a scammer successfully executed a zero transfer phishing attack, resulting in a $20 million theft of Tether (USDT). This new method of scamming has raised concerns within the crypto community, as it continues to grow in popularity among attackers. The Zero Transfer Scam The scammer targeted a victim’s wallet address, tricking
In a surprising turn of events, a new memecoin named BALD, launched on Coinbase’s Base network, experienced a drastic 85% drop in value. This sharp decline was supposedly caused by the developer, who allegedly withdrew 1,034 Ether (ETH) from the market, which amounted to approximately $1.9 million. Reports from social media and blockchain data shed
Liquid staking tokens (LSTs) are quickly gaining momentum in the cryptocurrency world and are poised to replace Ethereum’s native cryptocurrency, Ether (ETH). With a market worth around $17 billion and growing steadily since Ethereum’s Merge, LSTs offer significant advantages over traditional ETH. Since the Merge, ETH can now be staked to generate an annual yield