Tag Archives: AA News

OpenZeppelin, a security audit company for Coinbase, identified $15B rugpull vulnerabilities in Convex Finance, whose anonymous developers later resolved the risk. The surprising discovery occurred during a security review of the Convex Finance protocol. A Bug Only Exploitable From the Inside The Security Research Team from OpenZeppelin found in late 2021 that a significant bug in the protocol could have led to putting the $15B worth of locked assets at risk. The...

The blockchain enterprise Near Protocol has reportedly secured a $350 million fundraiser. The initiative was led by Tiger Global Management – an American investment firm with over $90 billion in assets under management. Cited by Bloomberg, Amos Zhang – a Partner at MetaWeb VC (a company focused on investments that are part of the cryptocurrency industry) – said the fundraiser led by a giant such as Tiger Global “obviously means that Near might be one of the protocols that can...

BlockchainCom launched an asset management service, BCAM, on Wednesday. The new business arm has been created in partnership with Altis Partners, an investment management company with a focus on futures portfolios.  The new asset management brand will target “institutional investors, family offices, and high-net-worth individuals,” said a media report.  One of the products that BCAM plans to offer is tracking the “price of bitcoin versus the dollar.” As per the arrangement,...

Litecoin Foundation, a community-run organization, committed to the development and adoption of Litecoin, announced a partnership with the digital currency mining platform AntPool to form LTC Labs. The newly established research laboratory will be dedicated to developing anonymous transactions, decentralized applications, Litecoin-based wallets, and other projects within the Litecoin ecosystem. Also, AntPool promised to donate half of its Litecoin mining earnings each month...

BitPay – a popular cryptocurrency payments provider – has now integrated Bitcoin’s lightning network into its platform. This will allow Bitcoin payments to settle much faster, and cost far less, than ordinary transactions. Lightning Network Effective Immediately The lightning network is a Bitcoin ‘layer 2’ scaling solution that allows individual Bitcoin holders to form private payment channels between each other. These payment channels enable users to transact multiple times...

The outspoken proponent of the cryptocurrency industry – Anthony Scaramucci – urged investors to ignore Berkshire Hathaway’s CEO Warren Buffett and the head of JPMorgan Chase – Jamie Dimon – who have criticized the digital asset sector numerous times. Scaramucci argued that these people had not done their “homework,” which is why they have not entered the crypto market. On the other hand, prominent investors such as Paul Tudor Jones, Stan Druckenmiller, and Steve Cohen had...

The American billionaire Mark Cuban is excited about Ethereum’s shift from a proof of work model to proof of stake for two key reasons. He believes the so-called Merge will significantly cut the protocol’s energy consumption, and it could turn Ether into a deflationary asset. ‘I’m Very Bullish’ This summer, Ethereum is expected to change its infrastructure from the energy-intensive mining model PoW to PoS, making the blockchain protocol less harmful to the environment. Many...

American law enforcement agents seized approximately $34 million worth of digital assets tied to illicit Dark Web activity. The operation marked one of the largest confiscations of cryptocurrencies ever executed by the US authorities. ‘Operation TORnado’ was a Success According to a recent announcement by the Department of Justice, the hacker is a South Florida resident who used an online alias to sell more than 100,000 illegal items across marketplaces on the Dark Web. For...

Jamie Dimon – CEO of JP Morgan Chase – showed strong support for decentralized finance and blockchain technology in a recent letter to shareholders. His new take appears to be a 180 from his previous takes on crypto, and more in line with those of his company. Blockchain and Defi are ‘Real’ The letter, issued yesterday, discussed a range of topics such as the geopolitical climate, macroeconomic conditions, the changing competitive landscape, and company investments. When...

Kakao Piccoma – a Japanese subsidiary of South Korea’s mobile app operator Kakao Corporation – reportedly acquired a controlling stake in the crypto platform Sakura Exchange Bitcoin. Through this move, Kakao intends to utilize blockchain technology and Web3 in its future operations. According to a recent report by Business Korea, Kakao Piccoma purchased more than 50% stake in Sakura Exchange Bitcoin, becoming its largest shareholder. Nevertheless, the exact size of the deal...