The seemingly anonymous developer ‘KP’ did all the work immediately after discovering the vulnerability. compound COMP +0.50% It is the v3 protocol of , also known as Comet. This vulnerability would have allowed hackers to directly steal user funds. Although this is a very unprofitable cost, KP estimates that an attacker would need billions of dollars in gas fees to steal $1 million in funds. After finding and validating the vulnerability, KP reported it to Compound and its security partner OpenZeppelin, along with a code repository containing a proof-of-concept simulation of the attack. The bug was immediately patched and KP…
Author: Crypto Flexs
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In a recent development, wallets associated with defunct cryptocurrency trading firms FTX and Alameda Research orchestrated the transfer of $23.59 million worth of digital assets over four days. The move involved 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI, and SOL.Blockchain analytics firm Spot On Chain confirmed the transaction and estimated that the non-existent entity had transferred $591 million since October 24 using 59 different cryptocurrency tokens. . Recent transfers from FTX wallets include 3,150 Ether (ETH) worth $6.8 million, $59.6 million in Aleph.im (ALEPH) worth $6.41 million, $2.48 million in Curve DAO (CRV) tokens, and 990,000…
Palau is promoting a central bank digital currency (CBDC) pilot based on Ripple technology. Despite minor issues, feedback from pilots conducted on Ripple’s CBDC platform has been positive. Successful CBDC Pilot In the first phase of the program, the Ministry of Finance reported high satisfaction with Palau’s Ripple-based central bank digital currency (CBDC) pilot. About 31.7% of survey participants said they were satisfied with their experience, while 36.6% rated it as excellent. The pilot program, which ran from June to September 2023, imposed various restrictions, included only 168 volunteers, and allowed the circulation of up to $20,000 worth of digital…
Illustration by Mitchell Preffer for Decrypt.Bitcoin continued its rally this week, while meme coins also rose.The largest cryptocurrency by market cap is currently trading at $44,021 per coin, according to CoinGecko. Over the past 24 hours, this is an increase of less than 1%. However, it soared by 13.4% in one week.experts said decryption This rally was largely due to the hype surrounding the ostensibly imminent approval of the long-awaited spot Bitcoin exchange-traded fund (ETF) product.Some analysts have said this could lead to a flood of capital into the cryptocurrency market as traditional investors would gain exposure to digital assets.As…
reporter Posted on: December 10, 2023 Ethereum developers postpone Cancun upgrade. The price of ETH was unaffected and continued to grow. As the price of Ethereum (ETH) soared, interest in the network also increased. However, this improving sentiment may soon come crashing down due to new development updates in Ethereum. slight delay They recently decided to delay deploying the Cancun upgrade. This was done when Ethereum developers recently met at their 176th meeting to discuss upgrades to make Ethereum better. They are currently testing the Cancun/Deneb upgrade to make Ethereum more efficient and secure. We plan to go live on…
It appears that BlackRock and Grayscale recently met with the Securities and Exchange Commission (SEC) to discuss approval requirements for spot Bitcoin ETF applications.Coinbase, which offers both Bitcoin custody and Bitcoin brokerage products, has been proposed as a custodian for the Bitcoin assets of several ETF applicants. BitGo CEO Mike Belshe recently raised concerns about Coinbase’s dual role as exchange and custodian. While his position clearly aligns with his own interests, since BitGo is a custodian and not an exchange operator, Belshe warned that Coinbase’s dual role could result in the SEC rejecting such applications.Despite these concerns, analysts are confident…
Meme Coin has seen significant gains over the past month, increasing $6.7 billion, or 39.18% since November 8. While bonk (BONK) is leading the pack, up 153% against the US dollar last week, there are also several other meme coins such as dogecoin. , Shiba Inu, Pepe recorded a double-digit increase.advertising Explosive growth in the Meme coin sector as market capitalization reaches $23.8 billion The meme coin economy is now worth $23.8 billion, $6.7 billion more than the $17.1 billion recorded 30 days ago. Nine of the top ten meme tokens have seen double-digit gains over the past week.…
EtherMail partners with DeRace to enable direct communication with current NFT and token holders – Chainwire housenewsroomEtherMail has partnered with DeRace to enable direct communication with current NFT and token holders. We use cookies to make Chainwire’s website a better experience. Cookies help us give you 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 a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an…
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Asset manager VanEck filed its fifth amendment application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on December 8.Depending on the An amended filing with the U.S. Securities and Exchange Commission (SEC) on Form S-1 to the regulator’s database highlights updates to the VanEck Bitcoin Trust. Spot Bitcoin ETFs are investment vehicles that allow people to purchase shares in a fund that tracks the price of Bitcoin.The VanEck ETF is now expected to be listed under the ticker “HODL.” This is either a misspelling of “hold” or an abbreviation for “hold on for dear life.” Bitcoiners use this phrase to…