AI-coded smart contracts may be flawed and 'fail miserably' when attacked: CertiK
News

AI-coded smart contracts may be flawed and ‘fail miserably’ when attacked: CertiK

Artificial intelligence tools such as OpenAI’s ChatGPT will create more problems, bugs and attack vectors if used to write smart contracts and build cryptocurrency projects, says an executive from blockchain security firm CertiK. Kang Li, CertiK’s chief security officer, explained to Cointelegraph at Korean Blockchain Week on Sept. 5 that ChatGPT cannot pick up logical code bugs the same way…

Continue Reading

Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs
News

Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs

The potential of a spot Bitcoin (BTC) exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research.  In a Sept. 5 market report, K33 senior analyst Vetle Lunde and vice president Anders Helseth said the last three months had greatly improved the chances of…

Continue Reading

Coinbase Layer-2 Chain Base Taps Chainlink Ahead of Mainnet Launch
News

Coinbase-Incubated Base Suffers Outage, Team Says ‘No Funds Are at Risk’

The Ethereum Layer-2 network Base exhibited some growing pains today, experiencing an outage that lasted half an hour and took another 30 minutes to fully resolve. “We had a delay in block production due in part to our internal infrastructure requiring a refresh,” Base reported on Twitter. “The issue has been identified and remediated. No funds are at risk.” List…

Continue Reading

Grayscale Prods SEC to Approve Bitcoin Spot ETF After Court Victory
News

Grayscale Prods SEC to Approve Bitcoin Spot ETF After Court Victory

Lawyers representing crypto asset manager Grayscale Investments urged the Securities and Exchange Commission (SEC) to “expeditiously” approve a spot Bitcoin exchange-traded fund (ETF) in a letter sent to the federal agency Tuesday, continuing its victory march following Grayscale’s recent court win against the regulator. Today, our legal team and counsel at Davis Polk & Wardwell and Munger Tolles & Olsen…

Continue Reading

MrBeast-Promoted 'Creator League' Postponed After Gamers Bail Amid NFT Backlash
News

MrBeast-Promoted ‘Creator League’ Postponed After Gamers Bail Amid NFT Backlash

Esports tech firm eFuse launched a “Creator League” with big influencers like Bella Poarch, iShowSpeed, and Clix last week, and used the massive reach of YouTube giant MrBeast to promote it. But now the company has put the project on hold following controversy surrounding the league’s use of blockchain tech. Esports Insider and Sports Business Journal reported Tuesday that eFuse…

Continue Reading

Base suffers first major outage since launch
News

Base suffers first major outage since launch

Coinbase’s Ethereum layer-2 network Base has suffer its first major outage since its public launch on Aug. 9. For approximately 45 minutes on Sept. 5, no new blocks were produced on the Base chain. Its developers first identified the “stalled” block production at 9:36 pm UTC, according to the Base status site. Block production on the Base network stalled at…

Continue Reading