Making secure cross-chain bridges is not easy work, as Axie Infinity’s developers Sky Mavis found out. The leading GameFi protocol runs on the Ronin blockchain, which is optimized for gaming. On March 23rd, the Ethereum side of the Ronin bridge was hacked, for the loss of 173,600 ETH and 25.2 million USDC (~$545 million total
When you keep your coins on Coinbase, Binance, Crypto.com, and all other centralized exchanges you leave them vulnerable to bad actors. Worst part of all? You don’t own the coins, the exchange does because the exchange has your keys. If you’re serious about crypto you need a hardware wallet. “Not Your Keys, Not Your Coins.”
The Bank for International Settlements had their annual Innovation Summit this week. Here is a background summary of the BIS, their intentions for CBDCs, and the ongoing project that is setting the stage.
Traditional financial markets are only open during business hours, closed on the weekends, and take off for holidays. In contrast, crypto never sleeps. The blockchain never takes a day off (unless it’s Cardano). Handling this deluge of information is impossible for a single person to handle, and trying to ingest it all manually is inefficient.
Introduction to using Vyper for Ethereum smart contract programming
Tai Lopez raised over $1 million on his recent NFT launch, despite a history of allegedly being a scammer and not paying out on giveaways…
With the growing adoption of blockchain technology, and the explosion of crypto in the last few years, the issue of Cyber Security has never been more important. Over the past weekend Sales & Marketing platform, Hubspot, released a security report revealing an incident where approximately 30 Hubspot portals were hacked and data compromised. “At this
Cross-chain swap and DEX aggregator platform LI.FI protocol was hacked yesterday, March 20th, for over 200 Ether. The attacker used a weakness in the protocol’s core offering, the swap function, to launch an attack that stole from a contract which doesn’t hold any funds. How is that even possible? The answer lies in token approvals.
The crossover episode that both r/WallStreetBets and Crypto Twitter apes have long anticipated is finally in sight. GameStop announced that they expect to launch the GameStop NFT marketplace “by the end of the second quarter of fiscal year 2022” during their Q4’FY22 earnings call. Since GameStop reports with the calendar year, this means a launch
The FED increased interest rates for the first time since 2018. Pointing toward an aggressive rate hike schedule.
Yuga Labs, the makers of Bored Ape Yacht Club (BAYC), has created a crypto currency called ApeCoin to expand its footprint.
The EU is debating new crypto legislation that targets stable coins and targets the environmental impace of proof-of-work consensus which…
Avalanche Multiverse and Defi Kingdoms: Crystalvale The Avalanche Foundation recently announced the Avalanche Multiverse, a $290MM incentive program aimed at accelerating the growth of Avalanche subnets. The first recipient of these incentives is none other than the popular GameFi dApp Defi Kingdoms. In December 2021, after it had already become the most popular dApp on
Hive Investments is the latest DaaS node project preparing to launch but using NFTs and and including a new NFT marketplace on Polygon…
A summary of the Executive Order that came from Biden today. There is incoming regulatory clarity, CBDC developments are serious, and the US wants to lead in crypto innovation.
Andre Cronje Abandons latest project and retires from crypto. Cronje is considered one of the founders of DeFi and this latest move comes as..
NFT’s (Non-Fungible Tokens) have taken pop-culture by storm in the last 24 months. Going from an obscure crypto creation to now being used as status symbols in social media Profile Pictures (Pfp’s), cultural awareness of NFT’s is at an all time high. So what’s the big deal? Just a screenshot JPEG right? Not exactly What
The SEC has opened an investigation into NFTs and NFT exchange marketplaces. Is this something you should be concerned about or is Gary prematurely extrapolating his oversight?