Decentralized peer-to-peer lending protocol Onyx Protocol lost roughly $2.1 million in an exploit of a market with no liquidity that was deployed on Oct. 27. The Onyx Protocol hacker exploited a known bug, a rounding issue behind the popular CompoundV2 fork, explained blockchain investigator PeckShield soon after alerting about the hack that went unnoticed by the protocol. #PeckShieldAlert @OnyxProtocol has…
Footwear has long been a critical element of culture and fashion worldwide. For some, shoes exist only to protect one’s feet from the elements; but for others, they are the most critical part of a wardrobe. Sneakers, in particular, have developed a cult following, with some ultra-rare pairs selling for tens of thousands of dollars. An entire industry has developed…
The Association of Tennis Professionals (ATP) is partnering with digital art platform Artchild to launch fan-customizable digital and physical tennis posters at the 2023 Nitto ATP Finals in Turin, Italy later this month. The core poster will be designed by Los Angeles-based artist Honor Titus for the season-ending tournament from November 12-19. Titus, known internationally for tennis-themed paintings, said in…
The Commodity Futures Trading Commission (CFTC) has paid out a total of $16 million to individuals who offered information leading to successful enforcement actions this year alone, with most of the tips provided by whistleblowers centered around cryptocurrencies. CFTC Commissioner Christy Goldsmith Romero revealed the numbers in an October 31 statement, saying that whistleblowers—who are eligible to receive up to…
Bitcoin heads into November to tackle the Fed rate decision day after BTC’s price cements its second-best month of 2023. Source: https://cointelegraph.com/public/index.php/news/btc-price-36k-fomc-target-bitcoin-uptober
The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1. According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million GRT ($4.85 million),…
Artificial intelligence, more specifically its abbreviation ‘AI,’ was crowned word of the year for 2023 in the Collins dictionary, one of the world’s earliest English-language dictionary publishers. The Collins dictionary defines AI as “the modeling of human mental functions by computer programs.” The dictionary publisher described AI-powered language models as “bursting into the public consciousness” at the end of 2022.…
Turkey is reportedly drafting fresh regulations to govern crypto-assets in an effort to convince the Financial Action Task Force (FATF), an international organization responsible for combating financial crimes, to remove it from a “gray list” of nations that have not done enough to combat money laundering and terrorist financing. Notably, the FATF placed Turkey on its gray list in 2021.…
As the Bank of Spain embraces the potential adoption of a digital euro, the country’s population doesn’t appear to have the same strong appetite for the European Central Bank’s digital currency project. This emerges from the results of a survey published by the Bank of Spain entitled “Study on the habits in use of cash.” The survey was conducted by Ipsos…
Layer 1 protocol NEAR has tapped blockchain security firm Nym to provide end-to-end encryption and metadata privacy services for its ecosystem. Nym, which provides blockchain agnostic ‘layer 0’ privacy infrastructure, will avail its mixnet tools to encrypt and cloak blockchain traffic and communication across the NEAR Protocol ecosystem. Masking off-chain metadata traffic will protect transaction data during communication and create…
