Numerous sub-communities on Reddit – including popular crypto subreddits – unanimously decided to go private for 48 hours as a way to protest against new company policies that prevent the use of third-party applications. In April, Reddit announced plans to modify the way users can interact with Reddit Data API, a seven-year-old application that enabled developers to create tool and…
Decentralized finance (DeFi) protocol Sturdy Finance lost 442 Ether (ETH), worth almost $800,000 at the time of writing, from a security exploit. The attacker exploited a vulnerability that eventually manipulated a faulty price oracle, allowing them to drain funds from the protocol. On June 12, blockchain security firm PeckShield alerted Sturdy Finance and reported a transaction that seemed to be…
Hong Kong fosters a favorable environment for industry growth with its proactive regulation and dedication to becoming a digital hub. Source: https://cointelegraph.com/public/index.php/news/hong-kong-legislator-invites-coinbase-to-the-region-amid-sec-scrutiny
The proof-of-work consensus mechanism of Bitcoin (BTC) could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols thanks to efforts from a Stanford University professor. David Tse and his research team are driving the use of the preeminent cryptocurrency to provide added security to PoS networks. Tse’s proprietary Babylon blockchain aims to use Bitcoin to…
The United States Securities and Exchange Commission’s tagging of certain cryptocurrencies as securities has greatly affected the crypto market, causing Algoran… Source: https://cointelegraph.com/public/index.php/news/algo-flow-all-time-lows-cardano-polygon-argue-securities
Ethereum co-founder Vitalik Buterin believes the success of Ethereum will come down to three major technical “transitions” that need to happen almost simultaneously — layer-2 scaling, wallet security, and privacy-preserving features. In a June 9 post via his personal blog, Buterin explained that the Ethereum blockchain outright “fails” without sufficient scaling infrastructure to make transactions cheap. “Ethereum fails because each…
The billionaire is the latest to argue that the United States Securities and Exchange Commission hasn’t provided crypto firms with a registration process to fol… Source: https://cointelegraph.com/public/index.php/news/impossible-to-know-what-is-a-security-mark-cuban-on-sec
United States President Joe Biden and the Democratic Party risk losing its crucial youth voters as a result of its continued “war against crypto,” according to the Winklevoss twins. On June 10, co-founder of the crypto exchange Gemini, Cameron Winklevoss, tweeted the Democrats will “alienate an entire generation” of youth voters due to its war — the same voters that…
Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao. Source: https://cointelegraph.com/public/index.php/news/binance-ceo-changpeng-zhao-address-billions-exchange-outflows
While data suggests that crypto assets have been flowing out of centralized exchanges at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as bad as it appears. Leading analytics platforms such as Nansen and DeFiLlama have all measured increased exchange outflows from Binance over the past seven days after news of the…
