The latest attack relied on user permissions granted to the protocol The latest “evil contract” exploit has netted an attacker over $14 million in stolen funds.  Furucombo, a tool designed to help users “batch” transactions and interactions with multiple protocols at once, fell victim to the attack which centered on token approvals from users. The attacker’s address currently has $14 million worth of various cryptocurrencies, but the attack appears to be larger as they have been transferring ETH to privacy mixer Tornado Cash in batches over the […]

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Critics of the digital currency have visions of the future every bit as silly as maximalists’. Not everyone is excited about hyperbitcoinization.  According to a popular copy/paste meme, Bitcoin holders are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted to the upper echelons of society. Nocoiners will be shunned, socially and financially. At best forced to become servants to the new upper class. At worst executed for crimes against the #Bitcoin empire. — The Crypto Dog (@TheCryptoDog) […]

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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Kain Warwick, the founder of Synthetix. Kain Warwick is the founder of Synthetix, a derivatives liquidity protocol on Ethereum. Synthetix has processed billions of dollars in trading volume. Warwick previously founded Blueshyft, Australia’s largest cryptocurrency payment gateway.   1 Whats a problem you think blockchain has a chance to […]

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These DEX tokens are quietly accruing triple-digit gains as the total value locked in DeFi reaches new highs each week. DeFi has steadily grown in prominence over the past year thanks in large part to the strong foundations established by decentralized exchanges (DEX) that enable easy access to the latest tokens and projects.  While there have been previous iterations of DEX user interfaces, such as IDEX or Etherdelta, it wasn’t until Uniswap launched that trading in the DeFi network really took off and facilitated the launch of […]

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Bitcoin in, and Bitcoin out: major players are deploying different strategies as BTC consolidates well under $58,400 highs. After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — and so far the reaction is decidedly mixed. Data from on-chain analytics firm Glassnode indicates that the number of Bitcoin whales — a term for wallets that hold between 1,000 and 10,000 BTC — has at least temporarily reversed […]

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Bitcoin is showing signs of weakness as February draws to a close. Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted. For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or “extreme greed” for an entire month.  Crypto Fear & Greed Index. Source: Alternative.me However, such a panic reaction is unwarranted because […]

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Over the last decade, crypto has weathered what feels like crisis after crisis. It’s time to think about what comes next. Everyone knows the story. When the first block of Bitcoin (BTC) was mined, the protocol itself entered a world of grave economic uncertainty. Not long before the market would hit its lowest point of the 2009 recession, Bitcoin was quietly created, dropped like a life raft alongside a then-sinking economy. The now infamous phrase “Chancellor on brink of second bailout for banks” was cribbed from the […]

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