UwU Lend, a lending and liquidity protocol, reportedly suffered an attack worth $19.3 million. A recent malicious hack targeted a decentralized lending platform. Unknown perpetrators stole $19.3 million from the lending protocol, according to a report from blockchain security firm Arkham. The incident highlights ongoing security vulnerabilities in the DeFi sector and raises concerns about the safety of digital assets on decentralized platforms. hacking Blockchain data indicates that the perpetrators transferred the stolen funds through multiple wallet addresses. According to cryptocurrency users on blockchain explorer Etherscan, the perpetrators used Curve LlamaLend as “exit liquidity” for the attack. On-chain data showed…
Author: Crypto Flexs
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The Sui Foundation announced the fourth cohort of recipients of the Sui Academic Research Awards, which funds 20 research teams from prestigious universities including UC Berkeley, Yale, NYU, EPFL, and the University of Florida. National University of Singapore. According to the Sui blog, the initiative aims to advance blockchain technology, smart contract programming, and products built on the Sui platform. Zero-knowledge proofs and AI-based tools Among the funded projects is the work of Fan Zhang at Yale University, which focuses on improving zero-knowledge proof (zk-proof) generation through caching techniques. This method aims to significantly speed…
Bitcoin price stability below $70,000 over the past few months has sparked various speculations and analyzes among traders and investors. While the cryptocurrency community grapples with the lackluster performance of cryptocurrencies, notable cryptocurrency figures such as Samson Mow and Adam Back proposal Their perspective offers a hopeful outlook for the future of Bitcoin valuation. Analysis of factors behind BTC price action Samson Mow, an ardent Bitcoin supporter and CEO of Jan3, has publicly predicted that the Bitcoin price will rise sharply despite the recent period of price stagnation. In line with Mow’s optimism, Adam Back, a prominent figure in the…
Bob Dennard, the genius behind the invention of dynamic random access memory (DRAM), has passed away at the age of 91, according to IBM Research. Dennard’s contributions to the field of computing fundamentally reshaped the landscape of modern technology.Legacy of InnovationRobert “Bob” Dennard joined IBM in 1958, when the state of the art in random access memory (RAM) was solid core, a bulky and inefficient technology. Driven by a vision for something better, Dennard worked with colleagues at IBM Research to develop DRAM in 1966. This innovation not only reduced memory storage space but also…
The U.S. Securities and Exchange Commission (SEC) has acknowledged proposed rule changes for the ProShares Ethereum ETF and approved closing Ark Invest’s 21 Shares application on June 10. The agency’s notice to ProShares acknowledges but does not endorse the proposed rule change. The SEC must act on the proposal within 45 days of publication and can delay it for up to 90 days. At this point, the agency must approve, disapprove, or initiate additional proceedings to determine the outcome of the application. The schedule could extend ProShares’ launch date beyond that of its competitors. Bloomberg ETF analyst James Seyffart said…
People • June 10, 2024, 7:02 PM EDT Posted 1 minute ago In ~ Uniswap UNI +1.44% Labs has hired former Coinbase legal executive Katherine Minarik as its new chief legal officer as the company is likely to face a legal battle with U.S. federal regulators. The new CLO took on the top legal job at the startup behind Uniswap on Monday, according to a post on X. Her appointment comes just two months after the Securities and Exchange Commission signaled it may take legal action against Uniswap Labs for allegedly violating federal securities laws. .“It’s impossible to spend time…
Leading cryptocurrency company Ripple is deepening its relationship with the Republic of Georgia, exploring ways to digitize the local economy together with the National Bank of Georgia (NBG).Natia Turnava, Acting Governor of NBG, and Varlam Ebanoidze, Head of the Bank’s Financial and Supervisory Technology Development Department, met with James Wallis, Executive Director of Ripple, to strengthen cooperation in the field of financial technology and digitalization.The Central Bank of Georgia officially announced the meeting in a LinkedIn post on June 8.At the meeting, Wallis, who serves as Ripple’s vice president of central banking, introduced Georgia officials to Alistair Brown, head of…
Shiba Inus have recently made headlines after their price jumped 10% due to increased whale activity. Meanwhile, Hedera (HBAR) has shown resilience despite market pressure, maintaining a 100.6% year-over-year gain. Amid these developments, BlockDAG’s recent Keynote 2 generated tremendous interest, reaching $48.6 million in pre-sales. BlockDAG’s unique DAG and hybrid consensus mechanisms and low-code/no-code capabilities are reshaping blockchain technology, making it stand out in the popular cryptocurrency landscape. Shiba Inu News: Prices soar due to whale activity Shiba Inu, the number one meme coin, has recently surged 10% and is receiving a lot of attention. This price increase reflects growing…
Gibraltar, Gibraltar, 10 June 2024, ChainwireHydration, Polkadot’s leading DeFi project, is pleased to announce that it has received 2 million DOT tokens (equivalent to $14.4 million) from the Polkadot Treasury. The funds have been earmarked to strengthen the liquidity and trading efficiency of Omnipool, Hydration’s one-way liquidity provision platform.There are two allocations of DOT tokens: 1 million DOT will be spent over a year to attract new liquidity to the Polkadot ecosystem, with initial rewards to liquidity providers (LPs) exceeding 200% APY. Thanks to Hydration Omnopool’s single-sided LP design, users begin receiving rewards after contributing a single asset and joining…
OpenAI and Apple announced a groundbreaking partnership aimed at integrating OpenAI’s ChatGPT into various Apple platforms. According to a statement from OpenAI, the collaboration promises to leverage ChatGPT’s advanced features to improve user experience. Partnership Details The integration of ChatGPT, a cutting-edge conversational AI model developed by OpenAI, is expected to bring significant changes to the Apple ecosystem. This collaboration enables a more intuitive and conversational user interface and provides Apple users with sophisticated AI-powered interactions across multiple applications. According to OpenAI, the partnership will initially focus on embedding ChatGPT into Apple operating systems, including…