Search
Stellar, Early Blockchain Built for Payments, Adds Smart Contracts to Take on Ethereum
18.10.2023
The nine-year-old project, one of the earliest major blockchains, is getting a facelift to incorporate "smart contracts," that theoretically could attract new applications and users – and potentially more demand for the XLM token
Agnostic Nature of Blockchain Technology ‘Makes It the Ideal Foundation for Global Travel Industry’ — Pablo Castillo
16.10.2023
Although the travel industry is said to be in great need of digital innovation, according to Pablo Castillo, the CTO of the blockchain-based travel firm Chain4travel, “aviation is the most obvious sector to innovate with blockchain.” To support this assertion, Castillo, a former group...
Chinese IT Giant Tencent Launches Digital Yuan Smart Contract Services
13.10.2023
The Chinese tech titan Tencent, the WeChat operator, will launch a digital yuan smart contract offering for small and medium-sized enterprises (SMEs).
The move comes weeks after the firm announced it would join a central bank-led e-CNY and global CBDC interoperability pilot.
Per the Securities...
Computable Functions Verified on Bitcoin — How BitVM Seeks to Elevate BTC’s Smart Contract Game
12.10.2023
A new computing model, BitVM, aims to enhance Bitcoin’s smart contract capabilities without requiring changes to the blockchain’s consensus rules. The white paper, published on October 9, 2023, has drawn significant attention and its fair share of criticism. Can BitVM Set a...
Smart Contract Automation Helps Dapps Maintain Data Integrity Without Relying on External Databases — Pavel Salas
9.10.2023
According to Pavel Salas, the chief growth officer at Gear Foundation, on-chain smart contract automation makes applications “truly decentralized” because it “removes dependencies on centralized servers or external entities.” Salas also claimed that on-chain smart contract...
Gitcoin screws up transfer, sends $460K to unrecoverable address
9.10.2023
Gitcoin’s project lead said the snafu has resulted in nearly half a million in funds being forever locked in a one-way contract address
Social On-Chain App Stars Arena Suffers $2.9 Million Hack; Team Secures Funds to ‘Close the Gap’
8.10.2023
Stars Arena, an on-chain social app built on the Avalanche blockchain, suffered a $2.9 million hack Saturday, when hackers took advantage of a vulnerability in its smart contract, draining funds. Stars Arena’s team has already announced that it has secured the funds to close the gap and will...
Stars Arena patches a smart contract vulnerability
6.10.2023
Stars Arena faced an exploit worth $2,000. Now, reports are surfacing claiming that almost $1 million could be at risk. It was basically a smart contract vulnerability that enabled hackers to sell zero shares in return for AVAX. Meaning, they were draining funds from the network with...
Today in Crypto: UBS Launches Tokenized Money Market Fund Pilot on Ethereum, $8BN was a 'Rounding Error' to SBF
2.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: UBS Launches Tokenized Money Market Fund Pilot on Ethereum, $8BN was a 'Rounding Error' to SBF
Tonk Is Building a Provability-Focused Onchain Nintendo Emulator
29.9.2023
Tonk, a programming collective focusing on onchain gaming, has announced a blockchain-based Nintendo Entertainment System (NES) emulator called Dappicom. The app, being coded using Noir, a smart contract-enabled privacy-focused language, will allow players to prove they have achieved in-game...
Protocols Must Deploy “Asymmetric Countermeasures” to Counter Code Vulnerability Exploiting Hackers — Spherex CEO
28.9.2023
While both attackers and smart contract auditors are motivated to find vulnerabilities in code, according to Eyal Meron, the co-founder and CEO of Spherex, the former “is always more incentivized as the protocol’s total value locked (TVL) grows.” To overcome this challenge, Meron...
Chinese Banks, Firms Make Digital Yuan Smart Contract Progress
22.9.2023
Chinese banks and businesses want to step up their use of digital yuan-powered smart contracts, as the financial and industrial sectors eye CBDC progress.
Per the Securities Times (via Stockstar), the state-run Postal Savings Bank of China has “officially” co-launched the nation’s first...
Blockchain-Powered Platforms Can Help Event Organizers Overcome the Ticket Scalping Scourge — Maxwell Mayhew
21.9.2023
According to Maxwell Mayhew, founder of the decentralized e-ticketing platform UTIX, event organizers can potentially overcome ticket scalping by switching to smart contract-based event hosting platforms. Such platforms not only help organizers control the amount of event tickets in secondary...
Indigo Protocol optimizes Cardano throughput with smart contract
12.9.2023
Indigo has announced that it is on the path to optimizing the throughput for the Cardano ecosystem. The feat came to light after its smart contracts went through several phases of development and improvement. The final form is likely to be Aiken. Another assumption is that it is merely the latest...
Binance creates smart contract to refund users affected by $3M rug pull
6.9.2023
After the rug pull, Xirtam scammers directly deposited stolen funds onto Binance, prompting the exchange to freeze the assets
Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik
1.9.2023
According to cybersecurity firm Certik, nearly $1 billion in cryptocurrency has been pilfered due to scams, rug pulls, and exploits throughout 2023. The company highlighted that the combined incidents in August alone led to a loss of $45.8 million. Certik Analysis: Cryptocurrency Losses Near...
PYUSD’s Modest Footprint: A Tale of Languid Activity Amidst Stablecoin Titans
30.8.2023
Following Paypal’s declaration about the introduction of a fresh stablecoin, the smart contract address has revealed that the quantity of PYUSD stood at approximately 26.9 million. In the subsequent 22 days, the supply of PYUSD has risen by over 60%, now totaling 43.3 million....
Solana-based Clockwork to shutter citing ‘limited commercial upside’
29.8.2023
Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital
EU Data Act smart contract ‘kill switch’ brings uncertainty
23.8.2023
EU lawmakers have reached a political consensus on the Data Act that has a “kill switch” for smart contracts, causing an uproar in the crypto community
Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future
22.8.2023
In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while...