ZK-proofs allow a prover to persuade a verifier of a statement’s veracity without disclosing any information about the assertion itself. The prover and verifier interact in multiple rounds of the protocol, and in the conclusion, the verifier develops confidence in the veracity of the claim without learning any additional information about the secret. Let’s use the “Three Color Problem,” also…
Crypto exchange Coinbase was once told by the United State securities regulator to delist all cryptocurrencies on its platform except for Bitcoin (BTC), according to CEO Brian Armstrong. In a July 31 interview with the Financial Times, Armstrong revealed that the U.S. Securities and Exchange Commission wanted the exchange to delist the nearly 250 tokens on its platform prior to…
Memecoin madness has arrived on Coinbase’s Ethereum layer-2 scaling solution Base, bringing with it everything from remarkable shitcoin surges to classic token rug pulls. On July 30, memecoin traders were snapping up a suite of questionable tokens on Base, with one Brian Armstrong-themed memecoin dubbed “BALD” experiencing a 289,000% gain within the first 14 hours of trading. BALD price chart…
The recent Curve Finance exploit has reportedly led to one of the largest ever Maximal Extractable Value (MEV) reward blocks of 584.05 Ether (ETH). On July 31, Ethereum core developer “eric.eth” reported that “today has produced some of the largest MEV reward blocks in Ethereum’s history,” adding it was caused by the exploit of Curve Finance stable pools on July…
Australia’s Bendigo Bank has become the fourth major bank in the country to announce blocks for “high-risk crypto payments,” citing the need to protect customers from investment scams. The bank said on July 31 it implemented new rules on instant payments to crypto exchanges which adds “some friction to certain genuine payments,” explained its head of fraud Jason Gordon. It…
While Ethereum-based protocols have been hit with the majority of the exploit activity, BNB Smart Chain has also seen similar “copycat” exploits, according to B… Source: https://cointelegraph.com/app/public/index.php/news/vyper-copycat-exploit-on-bsc-bnb-smart-chain-curve
While Ethereum-based protocols have been hit with the majority of the exploit activity, BNB Smart Chain has also seen similar “copycat” exploits, according to B… Source: https://tr.cointelegraph.com/news/vyper-copycat-exploit-on-bsc-bnb-smart-chain-curve
The BNB Smart Chain (BSC) has reportedly suffered copycat attacks due to a vulnerability in the Vyper programming language, following a similar vein to the exploit on the decentralized finance (DeFi) protocol Curve Finance. Amid the exploits carried out on Ethereum, Blockchain security firm BlockSec tweeted on July 30 that around $73,000 worth of cryptocurrencies on BSC across three exploits…
The crypto community has come together to celebrate the 8th birthday of the Ethereum network, marking eight years since when the Ethereum Foundation first sent the network live. On July 30, 2015, former Ethereum Foundation CCO Stephan Tual penned a blog post, officially announcing that the network had been rolled out. “The vision of a censorship-proof ‘world computer’ that anyone…
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more. Source: https://tr.cointelegraph.com/news/elon-musk-targets-financial-services-pac-west-emergency-rescue
