Edge

THORChain hit by another exploit; loses up to $7.6M

Source Node: https://ambcrypto.com/thorchain-hit-by-another-exploit-loses-up-to-7-6m/
Time Stamp: July 16, 2021 3:17 AM - Modified On: July 16, 2021 - Published By:
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Republished By Plato

With the emergence of cryptocurrencies, also came a corresponding rise in ransomware attacks. Several security loopholes in the cryptocurrency space in general, and smart contract platforms in particular, have come to light over the last few years. Once hailed as foolproof, blockchains have fallen fall prey to illicit activities, an assertion evidenced by the numerous scams and fraudulent activities that ensued. The latest to fall victim to the same is THORChain, a popular cross-chain decentralized exchange. It’s in the news today after an exploit drained millions of dollars from the

MetaMask Beefs Up Security and Improves Gas Prices

Source Node: https://beincrypto.com/metamask-beefs-up-security-and-improves-gas-prices/
Time Stamp: December 15, 2020 1:35 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Cryptocurrency wallet and browser extension MetaMask has been busy beefing up its security as hacks and exploits continue to plague the industry. In its latest monthly report, MetaMask has detailed ongoing efforts to improve the platform for its users and increase security. There are a few tweaks for dApp developers to be aware of but they will not affect users. The wallet provider has been developing ‘LavaMoat’ which is a set of tools for generating dApp bundles with enhanced security in the form of Secure EcmaScript (SES) containers. It added

How to Restore Your Faith in Government

Source Node: https://www.bitcoinmarketjournal.com/how-to-restore-your-faith-in-government/
Time Stamp: August 18, 2020 5:47 PM - Modified On: May 21, 2021 - Published By:
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Images courtesy of MIT Video Productions Here’s the announcement of the new blockchain education program with the Massachusetts state government. It’s a big deal. We have a vision for where this kind of partnership can go, when governments begin educating themselves on the power of bitcoin and blockchain. That vision can be summed up in two words: Kendall Square. Kendall Square, then. The Kendall Square neighborhood lies next to the Massachusetts Institute of Technology, stretching along the Charles River that separates Cambridge from Boston. (Here’s a map.) Although you’d think

Bitcoin and Cryptocurrency Market Roundup, and the Week Ahead

Source Node: https://bitcoinist.com/bitcoin-and-cryptocurrency-market-roundup-and-the-week-ahead/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-and-cryptocurrency-market-roundup-and-the-week-ahead
Time Stamp: August 18, 2020 4:10 AM - Modified On: May 21, 2021 - Published By:
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Leading cryptocurrency Bitcoin is cementing its position as a mainstream macro asset. As cryptocurrency was advertised on TV screens nationwide last week, and in the pages of the Financial Times, the bitcoin adoption rush has intensified. Day trading social media mogul Dave Portnoy is dabbling in cryptocurrency, and MicroStrategy, a listed company with over $1 billion in revenue, has chosen bitcoin as a reserve asset. Even former skeptic George Ball, chairman at investment firm Sanders Morris Harris, has advised investors that Bitcoin is a safe bet. These fundamental developments have

Blockchain-Backed Social Media Brings More Choice for Users

Source Node: https://cointelegraph.com/news/blockchain-backed-social-media-brings-more-choice-for-users
Time Stamp: August 16, 2020 10:00 AM - Modified On: May 21, 2021 - Published By:
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As people continue to rethink topics like technology development, economic measures and freedom of speech because of the COVID-19 pandemic, blockchain has now emerged as a solution for many issues. Iva Wisher, co-founder of Ignite, a decentralized microblogging platform, said blockchain may also be a solution against state-sponsored censorship in today’s pandemic-related new normal. During an interview with Cointelegraph, Wisher clarified that in general, freedom of speech means a “possibility to express any opinion, even an unpopular one, unless this opinion is not a call to violence.”The blockchain technology then could

What is Ferrum Network? A Guide to High-speed DeFi

Source Node: https://www.asiacryptotoday.com/ferrum-network-frm/
Time Stamp: August 14, 2020 2:53 AM - Modified On: May 21, 2021 - Published By:
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Decentralized finance has risen to become one of the foremost active sectors in the crypto space. With the establishment of decentralized ecosystems with global network effects and interoperability, they have successfully penetrated the fintech industry. One very interesting  DeFi project is Ferrum Network. Ferrum’s revolutionary technology brings networks together, for a consistently high-speed and low-cost transaction experience for each digital asset. It aims to overcome current problems in cryptocurrency usage in real-world finance applications. Table of Contents Background Founder Naiem Yeganeh, along with Co-Founder and COO Ian Friend, laid the

Bitcoin Prone to Seeing Downside as It Trades Below Key Level

Source Node: https://bitcoinist.com/bitcoin-prone-to-seeing-downside-as-it-trades-below-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-prone-to-seeing-downside-as-it-trades-below-key-level
Time Stamp: August 13, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin and the aggregated crypto market are struggling to extend the mid-term uptrend that has driven them higher over the past few weeks This has come about as BTC pushes up against insurmountable resistance at $12,000 – a level that it has been rejected at on multiple occasions Analysts are now noting that it may require a daily close above $11,900 for it to see further upside that sends it past this price level There are some positive signs that BTC is gearing up for a movement towards this level,

MicroStrategy Buys 0.1 Percent Of Total Bitcoin Supply

Source Node: https://bitcoinmagazine.com/articles/microstrategy-buys-0-1-percent-of-total-bitcoin-supply?utm_source=rss&utm_medium=rss&utm_campaign=microstrategy-buys-0-1-percent-of-total-bitcoin-supply
Time Stamp: August 12, 2020 1:11 PM - Modified On: May 21, 2021 - Published By:
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In the midst of massive quantitative easing, a global pandemic and uncertainty for the future of the U.S. dollar, a whopping 21,454 BTC was just swiped off the market by intelligence and mobile software company MicroStrategy. Bitcoin Twitter picked up on the news yesterday when Matt Walsh and Nic Carter shared the story, but it became public knowledge in a MicroStrategy filing with the U.S. Securities and Exchange Commission. A MicroStrategy press release indicates that the firm had been planning the move as part of a capital allocation strategy that it

Cryptocurrency News From Japan: August 2 – August 8 in Review

Source Node: https://cointelegraph.com/news/cryptocurrency-news-from-japan-august-2-august-8-in-review
Time Stamp: August 8, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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This week’s headlines from Japan included Coincheck readying its digital shareholder meeting solution, GMO Coin announcing negative leverage trading fees, Decurret testing transactions with a power company, Japanese authorities proposing tax changes, and Japanese finance company FISCO developing apps for shareholder voting and staking. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.Coincheck setting up for digital shareholder service As Tokyo-based crypto exchange Coincheck readies its new digital meeting avenue, the exchange's co-founder expressed confidence in the project. Known as Sharely, unveiled in June 2020, the

Interchain Data Hosting Project Combines Edge Computing With DLT

Source Node: https://cointelegraph.com/news/interchain-data-hosting-project-combines-edge-computing-with-dlt
Time Stamp: April 9, 2020 6:01 AM - Modified On: May 21, 2021 - Published By:
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Interchain decentralized data hosting project Bluzelle (BLZ) announced the launch of its mainnet which aims to combine the advantages of edge computing with distributed ledger technology (DLT).According to an announcement shared with Cointelegraph on April 9, Bluezelle will host a network stress test dubbed “Swarm of Duty” which will be incentivized with $30,000 worth of tokens for developers, token holders and validators. The company says that this test is “the last step before Bluzelle’s mainnet launches” and is meant to ensure that the network can manage real-world usage.Bluzelle’s team claims that

Fear, Greed and the Evolution of Money in the Age of the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/fear-greed-and-the-evolution-of-money-in-the-age-of-the-coronavirus-pandemic
Time Stamp: April 9, 2020 4:24 AM - Modified On: May 21, 2021 - Published By:
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The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, on edge and struggling to sleep through the night.We watched as China took extreme measures to improve the coronavirus crisis there. We watched as Italy locked down the country and people scurried to other parts of Europe. We then watched as California Governor Gavin Newsom took early measures for the U.S. and locked