Blockchain

Last month was quite spooky for the crypto industry as it saw the highest number of DeFi hacks this year.  While October was expected to be “Uptober,” it quickly turned to “Hacktober” as cyber criminals ransacked top crypto projects for hundreds of millions of dollars.  Hackers Steal $760M From DeFi Protocols A recent tweet by the blockchain security company PeckShield pointed out that October was the biggest month for hacking activities this year. The DeFi market suffered...

[PRESS RELEASE – Sibiu, Romania, 4th November 2022] Elrond, the startup building internet-scale blockchain technology, announces its transformation into MultiversX. The company thus expands its mission of building the new internet economy to include the digital meta-space frontier. The metaverse-forward company introduces three new products as the pillars for its evolution. xFabric is a sovereign blockchain module, and core blockchain applications. Deployable in minutes....

Mobile platform Infinity Games has joined hands with Kin, an altcoin. The purpose? Kin will now serve as the official cryptocurrency of the platform and its upcoming game “BUGS,” which centers on players creating clans that war with one another. Infinity Games Has Partnered with Kin Infinity features more than 30 games and has seen them downloaded approximately 190 million times. The company now employs a special team of web3 developers that seek to implement...

It’s happened again, folks. Another hack is in the books. This time, the victim is Mango Markets, a trading platform situated atop the Solana blockchain. At the time of writing, it appears as much as $116 million has been stolen through what’s known as a “flash loan” attack. Mango Markets Loses More Than $100 Million This kind of attack happens in a decentralized setting. A hacker or cyberthief takes out a flash loan and then manipulates crypto prices on a single...

La table ronde dans la cadre de la conférence Surfin’Bitcoin 2022, modérée par Jonathan Herscovici, co-fondateur et CEO de StackinSat autour du documentaire « La Révolution Bitcoin » de Rémi Forte. Avec : – Rémi Forte, auteur-réalisateur. Il a notamment écrit et réalisé la websérie Le Mystère Satoshi, la série The Cypherpunk Chronicles en collaboration avec Cryptodidacte.fr et le documentaire La Révolution Bitcoin pour la RTBF. – Yorick de Mombynes, conseiller...

Solana – which prides itself on being a decentralized censorship-resistant network – is, like any other blockchain, heavily dependent on cloud computing. As a result, it remains vulnerable to centralized providers, who can halt servicing the network at any time. Yesterday, one of Solana’s main network providers decided to stop providing their services to entities running Solana nodes and took them all offline. 20% of Network State and 40% of Nodes Offline Hetzner Online GmbH...

FTX CEO Sam Bankman-Fried (SBF) broke down his decision to pass on investing in Twitter at the Forbes Iconoclast Summit on Thursday. Though excited about Elon Musk’s plans, the young billionaire believed his company had little to contribute to help them manifest. Nothing to Offer As SBF summarized over Twitter on Thursday, his company’s strengths didn’t seem to be “what was needed for Elon’s vision for Twitter.” For example, Musk did not seem so interested in working on a...

Gaming has long been touted as one of the best use cases for blockchain-based technology, and the past couple of years put that to the test. Amid the various trends that we saw come and go during the last bull market, play-to-earn is perhaps the one that many people had their sights set to. In a bid to create digital environments where players could both enjoy their favorite games while also earning money doing it, many projects attempted to create the perfect blockchain...

Monkey Drainer has wreaked havoc yet again after stealing $800k worth of seven Crypto Punk and twenty Otherside NFTs, according to on-chain sleuth ZachXBT. Blockchain security firm, PechShield, also confirmed that the theft was carried out by a wallet tagged as Monkey Drainer. The stolen funds were then transferred to the coin mixer Tornado Cash. ZachXBT also revealed that Monkey Drainer was recently used when both AJT and Gabriel Leydon were sim swapped. He added, “Prior to...

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