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119 articles found
Latest
Ethereum’s Reign Faces Threats — What Grayscale’s Report Reveals
The battle for dominance in smart contract platforms rages on. Ethereum held its throne in 2024, riding high on U.S. ETP approvals and a critical upgrade, but challengers are closing in.
Tornado Cash Boost: TORN Soars 800% After Sanctions Repealed
A U.S. appeals court has deemed the sanctions imposed by OFAC on Tornado Cash smart contracts as unlawful, reshaping the crypto landscape.
Samsung Integrates Blockchain in AI Home Devices
Samsung Electronics announced integrating blockchain into its smart home devices to improve security.
Rootstock Overview: A Platform Enabling Bitcoin DeFi
Rootstock (RSK) is a platform for decentralized applications and smart contracts on Bitcoin. It runs as a sidechain for the Bitcoin Network to expand its capabilities.
1inch Launches Fusion+ for Cross-Chain Swaps
The DEX aggregator 1inch introduced a new feature, Fusion+, enabling cross-chain swaps without the need for centralized intermediaries. The system integrates atomic swap technology, ensuring automatic execution through smart contracts.
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Sky Promises Right to Appeal in Asset Freezing Cases
The new stablecoin USDS, poised to replace DAI, might feature a decentralized process for appealing frozen assets if such measures are implemented in the future. Currently, there is no mechanism for freezing funds, but it could be added through an update to the smart contract.
Google Unveils AI-Powered Thermostat
Google introduced the next generation of its smart thermostat, the Nest Learning Thermostat, after a ten-year break. This latest model boasts an entirely new design and several upgrades, including support for the Matter smart home standard. The key innovation, however, is the integration of artificial intelligence.
What Is Bitcoin Virtual Machine (BVM)?
Bitcoin Virtual Machine, shortly BitVM or BVM, is a blockchain infrastructure that brings complex smart contracts to the Bitcoin Network, thus enabling new use cases for it. The solution was first proposed in the paper “BitVM: Compute Anything on Bitcoin” by developer Robin Linus on October 9, 2023.
First-Ever Conviction for Smart Contract Hacking: Stage is Set
On April 12th, a former senior security engineer for a major international tech company was sentenced to three years in prison. His crimes involved the hacking of two decentralized cryptoexchanges, as well as the theft of over $12 million in digital assets.
How to Revoke Smart Contract Permissions?
Granting a smart contract permission authorizes a programmed algorithm to autonomously perform actions with your digital assets. These permissions can be granted for various purposes, such as participating in DApps, voting within DAOs, or managing your NFTs. But how do you revoke these permissions?
DIMO LTE R1: The Future Where Your Car Earns Crypto
The DIMO LTE R1 brings innovation to the driver’s seat, turning vehicles into a source of invaluable data. By capturing, analyzing, and preserving operational insights, this smart device allows drivers to optimize costs—and take their first step into earning cryptocurrency.
Polymarket Suffers 75% TVL Loss After U.S. Elections
The smart contract-based betting platform Polymarket, which facilitates cryptocurrency bets on any event, witnessed a 75% decline in TVL after November 5, coinciding with the end of the U.S. presidential election.
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$50M Gone in Radiant Capital Hack – How Did It Happen Again?
Hackers gained access to three private keys that control the Radiant protocol, allowing them to manipulate smart contracts and withdraw user funds.
Smart Home Devices in 2024: Are They Worth the Hype?
Smart home technologies can help with daily activities and make life easier. Intelligent ovens turn off automatically, robotic vacuums clean the room, switches are flipped on and off without the need for you to stand up, and coffee machines know exactly how you like your brew.
Friend.Tech Developers Relinquish Control
The developers of the Web3 social network Friend.Tech transferred control over the project’s smart contract to Ethereum's null address, effectively freezing the platform. This move means no further updates or modifications can be made, and all future revenue will be burned.
Cardano Implements Decentralized Governance
Cardano’s blockchain successfully completed the Chang hard fork, introducing decentralized governance and improving smart contract capabilities. ADA token holders now wield the power to shape the project’s future by electing representatives and voting on various development initiatives.
Convergence Lost Approximately $210,000 Due to an Exploit
On August 1, a bug in the DeFi protocol's smart contract allowed a hacker to mint and claim 58 million CVG. The attacker then sold these tokens for $210,000.
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Cardano Attack Backfires on Hacker
The Cardano mainnet was targeted by a DDoS attack in which the perpetrator attempted to overload the system by launching hundreds of smart contracts in an effort to steal staked tokens. However, the developers coordinated a response that successfully thwarted the attack, resulting in the hacker losing funds instead.
Prisma Finance Identifies an $11.6 Million Flaw
The lending protocol Prisma Finance was compromised due to vulnerabilities in two MigrateTroveZap smart contracts, enabling the theft of funds secured as loan collateral.
Why Replacing Government with Blockchain is Not a Good Idea
Automating government functions with smart contracts might seem appealing, but is it truly a wise choice? We explore the reasons why replacing traditional government structures with a blockchain-based system could be problematic and the potential challenges of integrating blockchain technology within government operations.
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