Smart contracts, the self-executing code on blockchain platforms, have transformed industries by automating processes and enabling trustless transactions. However, their complexity can also make them susceptible to vulnerabilities that could be exploited by malicious actors. This article will delve into five common smart contract vulnerabilities, explore their potential impacts, and provide insights into how to identify and mitigate them effectively.…
Month: August 2023
Coinbase futures approval seen as a major win amid the war on crypto
The recent approval allows Coinbase to join the ranks of the two major derivative exchanges in the United States, CME and CBOE. Source: https://cointelegraph.com/app/public/index.php/news/coinbase-futures-approval-seen-as-a-major-win-amid-war-on-crypto
$1.7M of Ethereum ‘Stuck’ in SHIB Layer-2 Network Shibarium
Shiba Inu’s much-hype layer-2 network Shibarium is off to a rocky start after encountering serious issues just a day after its launch. Examining the network’s bridge contract, which ports funds from Ethereum to the layer-2 solution, approximately $1.7 million worth of Ethereum is currently stuck between the two networks. Beosin, a blockchain security team, confirmed that the funds are locked.…
Ripple Labs bites back against SEC's request to file appeal
Ripple’s chief legal officer says there’s no “extraordinary circumstance” that warrant the Securities and Exchange Commission being able to appeal its partial l… Source: https://cointelegraph.com/public/index.php/news/ripple-labs-oppose-sec-request-file-appeal
Sotheby’s and Yuga Labs respond to lawsuit from Bored Ape investors
Fine arts auction firm Sotheby’s has recently been named in the class-action lawsuit filed by Bored Ape Yacht Club (BAYC) investors against BAYC creators Yuga Labs. The investors allege that the auction house helped Yuga Labs “deceptively promote” the nonfungible token (NFT) collection. On Dec. 10, BAYC investors filed a class-action lawsuit against over 40 defendants including Yuga Labs and…
Google upgrades search engine with AI-powered enhancements
Google has introduced a series of enhancements to its search engine, on August 15, incorporating advanced generative artificial intelligence (AI) features it says will enhance online information discovery and comprehension. This recent update extends the foundation of the company’s Search Generative Experience (SGE), which was introduced in beta earlier this year. SGE empowers users with AI-driven contextual overviews and suggestions,…
Bitcoin and Ethereum Are Now Less Volatile Than Oil: Kaiko Research
Notorious for their steep ups and downs, leading cryptocurrencies Bitcoin and Ethereum appear to be taking a summer pause. Now, even oil has overtaken these digital assets, overtaking the two in volatility terms. Per new data from Kaiko research, 90-day-volatility indexes for Bitcoin (BTC) and Ethereum (ETH) have hit multi-year lows, dropping 35% and 37%, respectively. This now makes the…
Bitcoin bulls risk trading range loss as BTC price nears 2-month lows
Bitcoin (BTC) targeted two-month lows on Aug. 17 as United States inflation returned to spook cryptocurrencymarkets. BTC/USD 1-hour chart. Source: TradingView BTC price teases exit from months-long corridor Data from Cointelegraph Markets Pro and TradingView confirmed the lowest BTC price levels since June 21 as BTC/USD wicked to $28,300. The downside came after the United States Federal Reserve published the…
Bitcoin, Ethereum Dip After Fed Hints at More Rate Hikes
Bitcoin slipped below $29,000 early Thursday alongside stocks after the U.S. Federal Reserve suggested maintaining its hawkish stance in the meeting minutes released on August 16. Bitcoin dropped by 2% overnight and is now trading at $28,549. The downturn dragged the broader crypto market down with it, as the total market capitalization dropped by 1.7% overnight, or nearly $20 billion,…
Bitcoin mining researchers claim new tech ups winning hash chance by 260%
Quantum Blockchain Technologies (QBT), a research company based in the United Kingdom, has developed artificial intelligence-powered algorithms that could significantly increase the mining winning probability of certain ASIC Bitcoin (BTC) miners, CEO Francesco Gardin said in an interview with Cointelegraph. Speaking exclusively to Cointelegraph, Gardin unpacked how Quantum Blockchain Technologies (QBT) has incorporated AI to enable the smart search of…