Welcome to Finance Redefine, a newsletter designed to bring you the most important developments of the past week. A newsletter that delivers essential decentralized finance (DeFi) insights each week.Last week, an unprecedented series of events unfolded in DeFi, with malicious actors exploiting a vulnerability in the Ledger hardware wallet connector library on December 14th. This attack put the entire decentralized application (DApp) ecosystem at risk. On-chain analysts and DApps like SushiSwap and MetaMask have advised users not to interact with their wallets at all.Although Ledger released a patch within hours to contain the vulnerability, the attackers managed to extort more…
Author: Crypto Flexs
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The second annual Gam3 Awards have concluded, with Parallel taking top honors in several categories, including Best Strategy Game, Best Card Game, and the prestigious Game of the Year award. Celebrating the efforts of the web3 game development team, the event showcased the diverse potential of blockchain technology in games.Hosted by GAM3S.GG (formerly Polkastarter Gaming), the Gam3 Awards selected a total of 40 finalists from 214 nominated games. Game of the Year finalists included My Pet Hooligan, Wildcard, Big Time, Deadrop and last year’s winner Big Time.Gam3 Award WinnersParallel, which has not yet been officially released, is a science fiction…
In a recent meeting, the SEC and BlackRock discussed the iShares Bitcoin ETF on December 14, reportedly raising questions about spot trading. Unlike previous meetings, Bloomberg Intelligence analyst James Seyffart reported that there were no presentations. As part of a follow-up thread on after, community member In light of Chairman Gary Gensler’s comments after the court heard yesterday, Seyffart was asked about the possibility of SEC approval. I mean. We’ve had a 90% chance since October when people told us we were crazy for thinking that would happen!! lol. Now people want us to increase the odds. But yes. We…
Polygon Labs will stop accepting contributions to the Edge framework (also known as Supernets) and focus on extending the Chain Development Kit (CDK).Initially developed as an open source tool under the Apache License 2.0, Edge facilitated the creation of custom blockchain networks compatible with Ethereum. However, according to the statement, there has been a change in the team’s development priorities over the past year.Instead of continuing to use Edge, we will now focus on our successor solution CDK, the company’s toolkit designed for developing a variety of Layer 2 ZK-Rollups, Layer 2 networks designed using zero-knowledge proofs. Chains deployed using…
Bitcoin is a popular digital currency that has gained a lot of attention in recent years. With its decentralized nature and limited supply, many people are interested in earning Bitcoin as a way to invest in the future. Fortunately, there are several ways to earn Bitcoin, ranging from simple tasks to more complex investment strategies.In this article, we will explore some of the best ways to earn Bitcoin and provide tips on how to maximize your earnings. Whether you’re a seasoned investor or just starting out, this guide will provide you with valuable insights on how to earn Bitcoin and…
Renowned trader and investor Peter Brandt recently expressed a surprisingly pessimistic view on the future of Ethereum. Brandt, known for his trading acumen, expressed doubts about Ethereum’s sustainability as a major digital currency, especially when compared to Bitcoin (BTC). Ethereum’s uncertain future according to Brandt Brandt’s predictions for ETH, shared in X’s post, center around his belief that ETH lacks solid store-of-value characteristics. Unlike Bitcoin, which is widely accepted as the digital equivalent of gold, ETH’s capabilities and increasing gas fees cast a shadow over its long-term viability. Brandt described Ethereum as a “piece of garbage,” which is a bold…
In a recent episode of The Scoop podcast, Bloomberg Intelligence analysts James Seyffart and Eric Balchunas predicted that the SEC would likely approve a series of spot Bitcoin ETFs from January 5-10. Seyffart and Balchunas’ predictions coincide with the final deadline for ARK and 21Shares applications, which were initially filed in April, ahead of other major players such as BlackRock in June in a field of 12 companies. Seyffart speculates that the Securities and Exchange Commission (SEC) is strategically delaying its decision in order to coordinate multiple approvals simultaneously. This approach can prevent any single company from gaining an unfair…
Do you enjoy solving interesting and challenging problems? Are you interested in participating at the most basic level of the Ethereum protocol? The Protocol Support Team (EF) is pleased to announce that applications are now being accepted for the third cohort of the Ethereum Protocol Fellowship. (Formerly Core Developer Apprenticeship Program (CDAP))! with Merge is closed (58750000000000000000000 🥳).Ethereum core developers are looking forward to the next phase of protocol development and need qualified, dedicated people to help create an increasingly powerful and robust Ethereum network. Join the Ethereum Protocol Fellowship. What is Ethereum Protocol Fellowship (EPF)? EPF is a program…
Avalanche has seen its token AVAX rise rapidly over the past 30 days, entering the top 10 tokens by market capitalization. This rally did not come out of nowhere, as activity began to pick up on the Avalanche network once again. During this period, open interest also increased rapidly, eventually reaching an all-time high. Avalanche open interest increases to $413 million On Tuesday, Avalanche open interest rose to its highest level since launch after AVAX surged to $40. Open interest continued to rise for over a month, reaching $413 million on December 12. The surge coincided with a surge in…
CoW Swap is the first trading interface built on the CoW protocol. CoW Swap is a Meta DEX aggregator that allows you to buy and sell tokens using gasless orders, settled peer-to-peer between users or settled with on-chain liquidity sources, while protecting against MEV. cow protocol We performed a security review of ComposableCoW and ExtensibleFallbackHandler leveraging Ackee Blockchain, with total time donations as follows: 8 engineering days in the period between July 18th and July 28, 2023. methodology We use static analysis tools, namely wake up. We then took a closer look at the logic of the contract. For testing…