This report updates on what WEFUZZ, Coinbase Crypto Community Fund grant recipient, has been working on over the first part of their year-long Crypto development grant. This specifically covers their work on a decentralized, crowdsourced security audit and bug bounty solution. By WEFUZZ, Coinbase Crypto Community Fund grant recipient WEFUZZ implements a fully decentralized, crowdsourced security audit and bug bounty…
Month: February 2022
Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps – Altcoins Bitcoin News
At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled by more than 20% since the past week. Stablecoin Economy Continues…
Record label CEO explains how music NFTs are set to revolutionize the industry
Music-based nonfungible tokens are an emerging frontier in the crypto and NFT space, but the first questions that come to mind are: What are they? And what are their utility? Music NFTs are relatively new to the scene and cannot be pinned down by one definition. At the most basic level, however, they are verifiable digital collectibles, with a core…
Coinbase CEO Downplays Role of Ad Agency in Super Bowl Commercial
In brief Coinbase CEO Brian Armstrong tweeted that the company’s Super Bowl ad was created by the crypto exchange. An ad agency CEO claims her firm created the concept. Coinbase CMO Kate Rouch says that a different firm conceptualized the ad, prompting Armstrong to update his Twitter thread. Coinbase’s QR code advertisement generated a lot of buzz during this year’s…
Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin
The nonprofit organization focused on the open-source stablecoin network behind Terra USD, Luna Foundation Guard, has closed on a $1 billion raise through the sale of LUNA tokens. In a Tuesday tweet, Terra said Jump Crypto and Three Arrows Capital led the $1 billion round with participation from DeFiance Capital, Republic Capital, GSR, Tribe Capital, and others. The platform said…
Former Crypto CEO Denies Responsibility for $11 Billion Ethereum DAO Hack
In brief Journalist Laura Shin is alleging that Austrian programmer Toby Hoenisch was responsible for hacking The DAO. Hoenisch, former CEO of TenX, denies the allegations. A former cryptocurrency startup CEO has denied stealing an Ethereum stash that today would be worth more than $11 billion, allegations made against him in an article published by Forbes. Journalist Laura Shin has…
Journalist Claims She Identified the 2016 DAO Hacker, Evidence Shows Investigators ‘De-Mixed’ Wasabi Transactions – Bitcoin News
An article published by journalist Laura Shin, and research stemming from the blockchain surveillance firm Chainalysis, claims to identify the alleged identity of The DAO hacker who drained millions of dollars worth of ethereum from the decentralized autonomous organization on June 17, 2016. Shin’s and Chainalysis’s findings accuse the former Tenx CEO, Toby Hoenisch, of being behind the $60 million…
Analysts say Bitcoin ‘bottom is in’ as BTC bounces back to $38,000
The ongoing tensions between Russia and Ukraine continue to be the dominant news story on Feb. 22 as Bitcoin (BTC) and the wider global financial tremble under the pressure as the world awaits some form of resolution to the matter. Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC has traded in a range between $36,360…
London Stock Exchange acquires cloud-based technology provider Tora in $325M deal
On Tuesday, London Stock Exchange Group, or LSEG, announced the acquisition of U.S.-based cloud technology provider Tora for $325 million; the deal is expected to close in the second half of the year. Tora offers software trading solutions for customers exposed to stocks, forex, fixed income securities, derivatives, and cryptocurrencies. In justifying the acquisition, LSEG specifically outlined the importance of…
Sling TV to Accept Bitcoin as Payment
Streaming service provider Sling TV now accepts bitcoin payments. Existing customers can prepay 1-6 months of service using bitcoin and cryptocurrencies.New customers must pay for the first month using legacy payment methods and can use bitcoin payments starting in the second month. Sling TV, the cord-cutting service provider that allows its users to stream over 700 television channels via its…