TLDR Kraken discovered a bug that could allow users to artificially inflate balances and withdraw funds without completing a deposit. Blockchain security company CertiK identified itself as the ‘security researcher’ who exploited the bug and withdrew nearly $3 million from Kraken’s coffers. Kraken claims CertiK refused to return the funds until the exchange called its estimates of potential losses “extortion.” CertiK defended its actions, saying it was testing the scope of the vulnerability and that Kraken threatened employees into returning inconsistent amounts of funds within an unreasonable time period. The incident sparked a debate in the cryptocurrency industry about the…
Author: Crypto Flexs
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TL;DRKeeping your crypto transactions private is important for your safety and confidentiality.Be very careful who you share personal or financial information with.Your personally-identifying information (PII) is a target for thieves.”Know Your Customer” (KYC) information is collected by banks and many crypto-related service companies.Public blockchain ledgers can be analyzed for clues about who controls which addresses. HD wallets are recommended to generate a unique wallet address for each spend and receive transaction.Privacy-enhancing wallets, strategies, and coins exist, but require at least an intermediate level of knowledge. Bitcoin mixers offer an increasingly-popular way to gain privacy by combining together many users’ unrelated…
Hong Kong, Hong Kong, June 20, 2024, ChainwireZeek has completed a $3 million seed funding round from investors including OKX Ventures, Animoca Brands, and Mask Network.Zeek will change the way social collaboration works on SocialFi using reputation mechanisms.The Tier-0 Genesis NFT collection, limited to 250 pieces, will be released later this month.Zeek, a decentralized collaborative network for on-chain social bounties and reputation, has successfully completed a $3 million seed funding round ahead of its official launch in July.Investors include OKX Ventures (as part of Everest Venture Group’s strategic investments in consumer-focused products, including Zeek), Animoca Brands, Mask Network, Arche Fund,…
Gala Games has announced the Shrouded Shrine arena, the latest addition to the Spider Tanks universe. This new battlefield is located deep in the Sylvanus jungle, amidst ancient ruins that hint at a mysterious past. According to Gala News, Shrouded Shrine is designed to provide a balanced and strategic gameplay experience, making it a popular choice among Spider Tanks pilots. Unique Stadium Features The Shrouded Shrine arena stands out for its circular layout that gives players evenly matched starting points. The 180-degree path through the arena encourages strategic maneuver and teamwork. Unlike other maps, Shrouded…
Bitcoin starts a new week with a completely different mood from June, hitting a weekly low.Bitcoin (BTC) price action worsened after challenging $70,000 resistance multiple times. What’s next?As a bullish trading range continues to dominate Bitcoin market movements, traders and analysts are considering what will happen in the near future and whether bulls or bears will dominate.A series of US macroeconomic data and related Federal Reserve comments appeared to have taken a toll on Bitcoin last week. The largest cryptocurrency fell nearly 5% and briefly fell below $65,000.Macro factors are set to ease this week, but employment numbers could still…
Cryptocurrency has taken the world by storm, led by Bitcoin. But what underpins these digital currencies? The answer lies in an innovative technology called blockchain. In this article, we dive into the world of blockchain, understand its core concepts, and explore its potential beyond cryptocurrencies.What is blockchain?Imagine a public ledger not controlled by a single entity, such as a bank, but maintained by a vast network of computers around the world. This continuously growing, tamper-proof distributed ledger is the core of blockchain technology.The main features are analyzed as follows:Dispersion: Your data is not stored on a single server. Instead, it…
Arbitrum’s governance token price, ARB, is experiencing a severe slump as it approaches an all-time low. However, despite this downward trend, ARB saw significant growth, with its market capitalization increasing by more than 75%, reaching $2.23 billion. Market capitalization ignores price declines An additional 36% of Arbitrum’s total token supply will be unlocked over the next three years. today, circulating supply This amounts to approximately 2.9 billion tokens. CoinGecko data ARB’s price has fallen 24% over the past year and is currently trading at $0.816, slightly above its all-time low of $0.74. Despite this price decline, ARB has experienced significant…
Zeek, a new decentralized social collaboration network, raises $3 million in seed funding to reinvent social reputation on Web3 – Chainwire housenewsroomZeek, a new decentralized social collaboration network, raises $3 million in seed funding to reinvent social reputation on Web3 We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose…
The SEC closed its investigation into Ethereum 2.0 and determined that ETH sales were not securities transactions. The decision follows a June 7 letter from Consensys seeking clarity following the May approval of the ETH ETF based on ETH’s classification as a commodity. ConsenSys said:“Today we are excited to deliver a major win for Ethereum developers, technology providers, and industry participants. The SEC Enforcement Division has notified us that it is closing its investigation into Ethereum 2.0.This means the SEC will not prosecute ETH sales claiming they are securities transactions.”Ethereum rose more than 4% overnight following the news, with many…
Binance, a leading global cryptocurrency exchange, announced Wednesday that it has launched an airdrop initiative called HODLer Airdrops to reward loyal BNB holders for their contributions and support of the platform. In a press release shared with Coinspeaker, Binance said that the program is not for everyone and is designed exclusively for BNB (BNB price data) holders. Eligible users will receive random airdrops from a variety of projects of all sizes before those projects are listed and traded on Binance. The move aims to provide early access to new and promising projects before they become available to others. Early access…