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KyberSwap Exploited in $46 Million Attack Due to ‘Infinite Money Glitch’
24.11.2023
Source: AdobeStock / Roman Samokhin According to Ambient Exchange founder Doug Colkitt, KyberSwap’s $46 million hack was “the most complex and carefully engineered smart contract exploit” and confirmed that what happened was an infinite money glitch. In a detailed thread on...
Atletico Madrid Sues Singapore’s Crypto Exchange Over Unpaid $44 Million Sponsorship
24.11.2023
Source: AFP Atletico Madrid, the renowned Spanish football club, is suing Singapore-based crypto exchange WhaleFin, following the unexpected termination of its $44 million shirt sponsorship deal. The football club is seeking $24 million in damages, citing crypto exchange WhaleFin’s alleged...
China Debuts Solar Power Industry Digital Yuan Smart Contracts
23.11.2023
Source: jeson/Adobe A Chinese power provider says it has completed the first digital yuan smart contract transaction in the solar power industry. Per the Yangtse Evening Post (via Sohu), the State Grid Suzhou Power Supply Company struck the CBDC contract with the materials and textiles firm Suzhou...
Ethereum Price Prediction as ETH Breaches $2,000 Resistance – Time to Buy?
20.11.2023
Ether (ETH) Chart / Source: TradingView Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain, has pushed back to the north of the $2,000 per token mark on Monday, extending its gains since last week’s near-$1,900 lows to above 6%. The rally comes as the broader...
Today in Crypto: 46.5% of Web3 Fund Loss is Result of Traditional Web2 Security Issues, Investment in Blockchain Gaming Hits $1.5 Billion in 2023
15.11.2023
Source: AdobeStock / AhmadSoleh Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Security news While developers and researchers generally focus on designing and coding the smart contract protocol...
Reddit Moons Price Soars 160% as Community Takes Steps Towards Decentralization
14.11.2023
Source: AdobeStock / Aozora MOON, a coin of social media giant Reddit‘s r/cryptocurrency community, jumped nearly 160% in a single day, following an update by the admins who will be burning the coin’s contract and 34% of the supply, moving the coin to full decentralization. On Tuesday...
FTX Foundation staffer fights for $275K bonus promised by SBF
14.11.2023
FTX Foundation employee Ross Rheingans-Yoo said he was not part of Sam Bankman-Fried’s “inner circle” and knew nothing about FTX’s fraud
Hackers Loot $60 Million From Ethereum Wallets With Create2 Code
13.11.2023
Source: Pixabay Hackers stole more than $60 million worth of crypto in six months from Ethereum wallets with Create2, according to on-chain sleuth ScamSniffer. On Sunday, X user ScamSniffer claimed that the hackers were taking advantage of Create2’s capability to pre-calculate contract...
Solana Price Prediction as SOL Blasts Through Resistance at $47.50 – $100 SOL Incoming?
11.11.2023
Solana (SOL) Chart / Source: TradingView The price of Solana (SOL), the cryptocurrency that powers the high-performance, smart-contract-enabled Solana layer 1 blockchain protocol, continues to melt higher on Saturday, taking its rally since the start of the week 44% as the price tests $60. SOL/USD...
Crypto Macro Weekly: Ether (ETH) Pumps 11% Above $2,100 as BlackRock Files For Spot Ethereum ETF as Broader Market Rally Continues
10.11.2023
Ethereum Logo Graphic / Source: Adobe Ether (ETH), the cryptocurrency that powers the smart contract-enabled Ethereum blockchain that remains the dominant chain in the DeFi, NFT and broader web3 industries, stole the spotlight from its bigger rival Bitcoin (BTC) this week, and was last up close...
CME overtakes Binance to grab largest share of Bitcoin futures open interest
10.11.2023
Market analysts weigh in on an intriguing ‘flippening’, as Bitcoin futures open interest on global derivatives marketplace CME overtakes Binance
EU Parliament Approves Data Act With Smart-Contract Kill Switch Provision
9.11.2023
The final version of the bill's text, reviewed by CoinDesk in July, revealed that it contained a smart-contract kill switch clause
Ether (ETH) Set for 55% Surge After Key Technical Breakout, as Supply Turns Deflationary, Says This Well-Known Analyst
7.11.2023
Famous crypto data analytics firm Matrixport’s head of research Markus Thielen argued in a recent report that Ether (ETH) could be set for a more than 55% surge to $3,000. Ether is the second most valuable cryptocurrency in the world by market capitalization after Bitcoin (BTC) and powers...
Smart Contract Platform Llama Raises $6M From Investors Including Polygon, Aave Founders
6.11.2023
Llama aims to make governance of blockchain protocols more effective by enabling protocols to encode roles and permissions to take on-chain actions
Smart Contract Platform Tokens Command 26% of Crypto Economy Amidst Market Gains
5.11.2023
It’s been a strong week for smart contract platform tokens, with the top ten performers all notching growth against the U.S. dollar. The rise ranged from ethereum’s (ETH) 4.2% jump to solana’s (SOL) 32.5% surge. The smart contract coin sector witnessed 32 crypto assets...
Asset Manager ProShares Introduces SETH ETF for Profiting from Ether Price Drops
3.11.2023
Major US-based Exchange Traded Fund (ETF) provider Proshares has just launched a new short Ether (ETH) product. The new ETF, called the ProShares Short Ether Strategy ETF with the ticker $SETH, will allow investors to profit as the price of Ether declines. Ether is the native currency that powers...
Unibot contract $560K exploit crashes token price by more than 40%
31.10.2023
Amid ongoing investigations from Unibot and blockchain investigators, Scopescan advised users to revoke the approvals for the exploited contract and move the funds to a new wallet
SEC Considering 8-10 Spot Bitcoin ETF Applications, Says Chair Gary Gensler
28.10.2023
The U.S. Securities and Exchange Commission (SEC) is currently considering between eight and 10 bitcoin exchange-traded fund (ETF) applications, according to SEC Chairman Gary Gensler. He insisted that “the vast majority of crypto assets likely meet the investment contract test, making them...
$WSM Perpetual Futures Contract Launches on KuCoin – Trade Wall Street Memes With 20x Leverage
27.10.2023
Friday, October 27, 2023 – As meme coin season returns following a breakout rally for the Bitcoin price, KuCoin has listed Wall Street Meme’s native token $WSM for perpetual futures trading with up to 20x leverage. This comes hot on the trail of the highly anticipated Wall Street Memes...
L2 Scaling Solution Polygon Rolls Out POL Smart Contract on Ethereum Mainnet
26.10.2023
Polygon Labs, makers of the Polygon network, has announced the rollout of its much anticipated POL smart contract token on the Ethereum mainnet. The Polygon team shared this exciting development on X (formerly Twitter), explaining that the new token upgrade is intended to replace the age-old MATIC...