Solana’s genesis story — Anatoly Yakovenko’s vision for a high-performance blockchain

“I literally had two coffees and a beer, and I had this eureka moment at four in the morning," Solana co-founder Anatoly Yakovenko recalls as he leans back thoughtfully. Speaking to Cointelegraph at the annual Breakpoint conference in Amsterdam, the co-founder recounts a late nig ...

Fantom Foundation awards $1.7M bounty for preventing $170M drain

The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October.On Oct. 17, the Fantom Foundation suffered a hot wallet hack, with an unknown attacker draining 1% of Fantom Foundation’s f ...

Dfinity taps SingularityNET to bring AI services to DApps

Research and development firm Dfinity Foundation has partnered with artificial intelligence (AI)-focused blockchain firm SingularityNET to improve the infrastructure of decentralized AI and allow decentralized applications (DApps) on the Internet Computer blockchain to access large language model ...

New figures show hardly anyone is using ERC-4337 smart accounts

Ethereum account abstraction advocate John Rising has shared some “sobering” numbers showing overall ERC-4437 adoption has been far from ideal. In a Nov. 14 post on X (formerly Twitter), Rising shared data points that showed ERC-4337-enabled smart accounts suffered a decli ...

EU backs Data Act with clause to shut off smart contracts

The European Parliament has voted to approve the Data Act — controversial legislation that includes a stipulation necessitating smart contracts have the ability to be terminated.In a Nov. 9 press release, the parliament said the legislation passed 481 votes to 31 against. To become law, it ...

Blockchain adoption continues unabated — Bloomberg analyst

Should the current rate of adoption continue, blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts. On X (formerly Twitter), Coutts pointed out that blockchain adoption has been "unabated" throughout ...

Coinbase launches regulated crypto futures services for US retail traders

Coinbase Advanced allows retail traders in the United States access to regulated crypto futures contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity.On Aug. 17, CFM secured regulatory approval from the National ...

Unibot contract $560K exploit crashes token price by more than 40%

A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited to hack roughly $560,000 in various memcoins from users.On Oct. 31, blockchain security firm Scopescan alerted Unibot users about an ong ...

Base network launches 8-week training course for blockchain developers

On October 20, the team behind Ethereum layer-2 Base network announced that it's launching an eight-week training course to turn traditional software developers into blockchain developers. Called “Base Bootcamp,” the new program doesn't cost anything to attend. However, it's designed ...

EtherHiding: Why hackers may prefer Binance’s BNB Smart Chain

Despite the name “EtherHiding,” the new attack vector that hides malicious code in blockchain smart contracts doesn’t have much to do with Ethereum at all, cybersecurity analysts have revealed.As reported by Cointelegraph on Oct. 16, EtherHiding has been discovered as a new way for ba ...

Circle launches Web3 development platform for Web2 developers

Stablecoin issuer Circle has launched a new tool that it says will allow developers to “remove the complexity” of building Web3 apps, according to an announcement and accompanying social media post on October 19. Called “Smart Contract Platform,” the new tool allows ...

Ethereum layer 2 zkEVM ‘Scroll’ confirms mainnet launch

Scroll, a new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space that works to scale the blockchain, has confirmed the launch of its mainnet.The team behind Scroll announced the launch in an Oct. 17 post and added that existing applications and developer tool kits on Et ...

How to build a DApp on Ethereum

The Ethereum DApps ecosystem is thriving, and the potential for decentralized applications (DApps) is immense. Who wouldn’t want to participate? Developers can now build applications with their own native coins or nonfungible tokens (NFTs) on secure blockchain networks to serve any pu ...

EtherHiding: Hackers create novel way to hide malicious code in blockchains

Cybercriminals have discovered a new way to spread malware to unsuspecting users, this time, by manipulating BNB Smart Chain (BSC) smart contracts to hide malware and disseminate malicious code.A breakdown of the technique known as ‘EtherHiding’ — was shared by security r ...

Ethereum Founder Vitalik Buterin Explores the Debate Over Protocol Features vs. Smart Contracts

Ethereum founder Vitalik Buterin has written a blog post discussing the ongoing debate over which features should be integrated into the Ethereum protocol and which should be built on top of it. This debate centers on whether to enshrine features within the core protocol or delegate them to smart co ...

Ethereum Surpasses Bitcoin in Daily Active Addresses: Growing Importance in DeFi and Smart Contracts

Recent data reveals a significant increase in the daily usage of the Ethereum network, with Ethereum surpassing Bitcoin in terms of daily active addresses. On September 13th, Ethereum recorded more than 1 million daily active addresses, while Bitcoin had 743,800, and the BNB chain had 1.02 million. ...

The Fed could lose $100B — Does this spell catastrophe for Bitcoin?

On this week's episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroec ...

Matter Labs co-founder proposes ‘Ethereum Supreme Court’ for on-chain disputes

Matter Labs co-founder and CEO Alex Gluchowski has proposed an Ethereum court system resembling a hierarchical court system similar to the real world.In a Sept. 2 post on X (Twitter), Gluchowski floated the idea for an “Ethereum Supreme Court” — which would work similar t ...

Pioneering the future with omnichain solutions: XGo ID and TapiocaDAO share insights

The Web3 landscape is undergoing swift evolution, with omnichain solutions emerging as vanguards poised to redefine the crypto world. Just recently, Cointelegraph hosted an AMA session to discuss the potential of omnichain solutions and their impact on crypto mass adoption.This enga ...

Cardano Catalyst Testnet Goes Live: A Significant Step for Blockchain Innovation

Cardano Catalyst Testnet Goes Live, Here's Its Significance The Cardano blockchain protocol has made another significant move as it has floated the Catalyst testnet for members of the public. Essence of Proj ...

Layer 2 Optimism Network Partners with Redstone Oracles for Reliable Data Feeds

Layer 2 Optimism Network Integrates Redstone Oracle Services to Provide Reliable Data Feeds In a groundbreaking move to enhance the DeFi ecosystem of Layer 2 networks and smart contracts, Layer 2 Optimism Network has annou ...

Introducing DEXnow.io: Decentralized Exchange on Solana Blockchain

In early August, decentralized exchange DEXnow.io was launched on the Solana blockchain. You do not need to undergo KYC to transact on the platform. The platform has been tested in Solana Devnet environment for three months starting from April. A key feature of DEXnow.io is the combination of ...

U.S. District Court Dismisses Lawsuit Challenging Sanctions on Crypto-Mixer Tornado Cash

The U.S. District Court for the Western District of Texas has dismissed a lawsuit by users of crypto-mixer Tornado Cash who claim the U.S. Treasury Department overstepped its authority by imposing sanctions on the service. Judge Robert Pitman dismissed a lawsuit filed by six Tornado Cash users ...

PayPal USD: Boon for Ethereum but not decentralization, says community

PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. ...

We need to fundamentally change how smart contracts operate

Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption.Being overzealous about any kind of innovation can also contribute to its stalling, or ev ...

How blockchain is transforming fundraising for startups and entrepreneurs

The venture capital world has long been known for its traditional approach to funding and investing in startups. However, the emergence of blockchain technology can potentially disrupt this industry and revolutionize the way venture capital operates.One significant aspect of this disruptio ...

From supply chain to DeFi: How blockchain oracles can transform industries

Decentralized blockchain oracle service Goracle provides real-world information so anyone can build better Web3 apps based on off-chain data.The blockchain ecosystem was changed forever with the introduction of smart contracts — digital agreements between two parties th ...

China’s digital yuan nears $250B transaction volume: Central bank governor

Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.On July 19, People’s Bank of China governor Yi Gang spoke at a conference in Sin ...

Enterprise blockchain: ‘Ethereum for Business’ explains key use cases

The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation. Recent findings from the market research platform, MarketsandMarkets, estimated the global b ...

Experiments show AI could help to audit smart contracts, but not yet

While artificial intelligence (AI) has already transformed a myriad of industries, from healthcare and automotive to marketing and finance, its potential is now being put to the test in one of the blockchain industry’s most crucial areas — smart contract security.Numerous tests have shown ...

Bug bounties can help secure blockchain networks, but have mixed results

Bug bounties are programs organizations offer to incentivize security researchers or ethical or white hat hackers to find and report vulnerabilities in their software, websites or systems. Bug bounties aim to improve overall security by identifying and fixing potential weaknesses before malicious ...

ETH DeFi ‘circuit breaker’ could cut hack losses by 70% — Developer

A decentralized finance “circuit breaker” could have prevented billions of dollars worth of crypto being stolen from DeFi protocols in 2022, according to the developer of the newly published ERC-7265 proposal.A new Ethereum request for comment (ERC) was published on Github on J ...

Chibi Finance $1M alleged rug pull: How it happened

On June 26, decentralized finance (DeFi) aggregator Chibi Finance was exploited by its own deployer account, and $1 million worth of cryptocurrency was drained from its contracts in an apparent rug pull or exit scam. The protocol’s official user interface disappeared, producing a 404 error, and a ...

Poly Network urges users to withdraw after exploit affects 57 crypto assets

Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, which has resulted in a hacker being able to issue billions of tokens out of thin air for profit.In a July 2 Twitter post, Poly Network confirmed it became the latest DeFi exploit vic ...

Coinbase layer-2 network Base closes in on mainnet launch

Base, a new layer 2 application-focused protocol by Coinbase, has just one criterion left to fulfill before being ready for mainnet launch.On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both intern ...

3 reasons why Ethereum’s market cap dominance is on the rise

Ethereum has been the dominant smart contract and decentralized application (Dapp) network since its inception. An analysis based on Ether’s price (ETH), and its market capitalization, shows indisputable evidence that the blockchain has been gaining market share over time. Ether market c ...

Hashflow assures users will be made ‘whole’ following $600K exploit

Crypto trading platform Hashflow has assured affected users will be “made whole” following an exploit that saw at least $600,000 in digital assets removed from the platform.On June 14, blockchain security firm Peckshield reported an ongoing issue with the Hashflow trading platf ...

ChatGPT can’t beat human smart contract auditors yet: OpenZeppelin’s Ethernaut challenges

While generative artificial intelligence (AI) is capable of doing a vast variety of tasks, OpenAI’s ChatGPT-4 is currently unable to audit smart contracts as effectively as human auditors, according to recent testing.In an effort to determine whether AI tools could replace human auditors, ...

Roger Ver Acknowledges Ethereum’s Impact on Cryptocurrency Adoption

Blockchain industry veteran and Bitcoin Cash supporter Roger Wehr believes that Etherium does much more for mass cryptocurrency adoption than bitcoin, despite its smaller capitalization. During Show Me The Crypto on YouTube, Roger Ver emphasized that Etherium has brought ...

The Rise of BRC-20 and Bitcoin Ordinals: A Game-Changer for Cryptocurrency

Most of them are created in the BRC-20 network Miners have earned decent commissions on this According to Dune Analytics, more than 10 million records have been created in the Bitcoin Ordinals network. Of these, more than 80% belong to the BRC-20 standard. ...

VanEck Analysts Predict Ethereum (ETH) to Reach $11,850 by 2030

Analysts at the major asset management company VanEck predict that by 2030 the ETH exchange rate will reach $11,850, and with a favorable development the coin will even be worth $51,000. In their study, VanEck analysts presented three options for the price of ether in 203 ...

Hackers Steal $7.5 Million in ETH from Jimbo’s Protocol in DeFi Attack

Analysts at PeckShield, a company specializing in the security of cryptocurrency projects, reported on the hack of a service for decentralized finance Jimbo's Protocol. Hackers withdrew 4,090 ETH ($7.5 million). The hack was due to a lack ...

Coinbase Cloud Becomes Node Operator for Chainlink, Enhancing Web3 Security

It will become the node operator for the Chainlink ecosystem They have previously launched nodes on Aptos, Ethereum, Flow, Solana and Algorand This will benefit decentralization and oracle protection Coinbase Cloud will become the node operator for Or ...

Controversial Legal Trial Declares Tornado Cash Mixer Blockade Legitimate

This is the thesis contained in the materials of the trial on the legality of the blocking of the mixer The agency also shifted the responsibility for misconduct on the site In early May there was a trial on the legality of the blocking of the service Tornado Cas ...

Blockchain in Traditional Finance Could Save Industry Participants $120 Billion Annually, Study Finds

According to a study by the Global Financial Markets Association (GFMA), the use of blockchain in the traditional financial industry could save industry participants up to $120 billion a year. The report, which also involved specialists from Boston Consulting Group, asks ...

CertiK Partners with Alibaba Cloud to Enhance Security for Web3 Projects

New York-based cybersecurity services company CertiK has partnered with Alibaba Cloud to sell services to Web3 projects. The business partners promise to help Web3 developers accelerate, secure apps and smart contracts with CertiK Security Suite. CertiK smart contracts ...

Bitcoin Network Upgrade Introduces CashTokens and Smart Contracts

The upgrade allows tokens and dApps to be issued directly on the network The upgrade also reduces transaction processing time and introduces smart contracts Ahead of the upgrade release, BCH was up more than 7% The CashTokens upgrade was successfully ...

DeFi Project Deus Finance Hacked Again, Loses Over $6 Million in DEI Tokens

DeFi Deus Finance project has another problem - this time hackers managed to find a vulnerability in DEI steblecoin smart contracts and withdrew $1.3 million in BSC network and over $5 million in Arbitrum network. The vulnerability was discovered in the burnFrom function. ...

Aztec Labs Unveils Roadmap for Encrypted Smart Contract Ecosystem

This is an encrypted smart contract ecosystem It's radically different from zkEVM Aztec Labs unveiled a roadmap for hybrid zkRollup Level 2. It will be called Aztec. This is an encrypted architecture for using blockchains without revealing user identifying inform ...

Curve Finance Launches crvUSD Stablecoin on Ethereum Network

The developers of the decentralized exchange Curve Finance announced the launch of the crvUSD steblecoin on the core Etherium network. Smart contracts for the functioning of the token have already been successfully deployed, but the user interface for working with them is ...

Liquid Staking Overtakes Decentralized Exchanges in Total Value Locked in DeFi

This is the first time this category has topped TVL in DeFi Aided by the Shapella update Since Ethereum allowed its users to withdraw ethers via the Shapella update, liquid-stacking protocols have increased the total blocked assets (TVL) on their platforms. Mo ...

Polygon Launches PoS Bridge for Faster Asset Transfers from Ethereum

It will allow transfers from Ethereum Transactions will take 30-60 minutes Polygon announced the launch of the Polygon PoS bridge on the Polygon zkEVM network. Recall that this is a new network that opened at the end of March in beta. We have detailed instruct ...

Decentralized Exchange Merlin Hacked for $1.82 Million on zkSync Solution

Hackers have successfully breached Merlin, a decentralized exchange operating on the zkSync solution, and have made off with $1.82 million worth of assets. The stolen funds were then transferred to USDC and moved from the zkSync network to the Ethereum main network. The crypto community has ap ...

Trading platform Spin celebrates one-year anniversary with impressive achievements

Trading volume reached the $50 million mark last year The company was able to make the top 10 dApps on NEAR and Aurora Trading platform Spin, built on the Near network, is celebrating its one-year anniversary in Near Protocol mining. The team writes that they ...

ZetaChain Project: An Overview of a Testbed for New Omnichain dApps

This is a text summary of our AMA in a chat with Kilavv - the Ukrainian ZetaChain community ambassador. ZetaChain is a testbed for new omnichain dApps and a key element of the ecosystem built on the Cosmos SDK and Tendermint Consensus. ZetaChain project Incrypted: Intr ...

US Federal Reserve Representative Acknowledges Blockchain’s Potential to Improve Payments Industry

During a recent speech in Sarasota, Christopher Waller, a representative of the board of directors of the US Federal Reserve System (FRS), praised the potential of blockchain technology and acknowledged its prospects for improving the payments industry. According to Waller, blockchain is a distri ...

BNB Chain Blockchain Adds 191 Projects to Red List to Warn Investors of Potential Fraud

The BNB Chain blockchain developers have taken swift action by adding 191 projects to their red list. This list serves as a warning to investors about the possible dangers of investing in fraudulent projects. The updated list includes projects that have fake tokens, exorbitant withdrawal fees, ...

EOS Network Foundation Announces Launch of EOS EVM Main Network

The team at EOS Network Foundation has made an exciting announcement regarding the release of the EOS EVM Main Network. This blockchain serves as an intermediary platform that enables users to execute smart contracts based on Ethereum using the EOS technology. The creators of the EOS EVM have ...

YieldTrust.ai Platform Banned in Multiple US States as Regulators Accuse It of Being a Ponzi Scheme

US Regulators Declare YieldTrust.ai a Ponzi Scheme and Ban the Platform Several US states' financial regulators have issued a warning that the YieldTrust.ai trading platform exhibits characteristics of a Ponzi scheme and banned the application in their states. YieldTrust.ai and its founder, St ...

French and Nordic banks introduce new blockchain platform for green bonds

Crédit Agricole CIB and SEB, two financial powerhouses, have teamed up to launch an innovative platform, named so|bond, that allows issuers to issue digital bonds on a blockchain network in real time. This move is expected to contribute towards the green agenda of the European Union by encouragin ...

Hacker Returns Stolen Funds from DeFi Protocol Euler Finance

The DeFi protocol Euler Finance has experienced an unexpected twist in the history of its hacker attack. The hacker responsible for the breach has issued an apology and promised to return all the stolen funds. In a message added to the transaction, the hacker wrote, "I screwed up. I didn't want t ...

European Union Amends Data Law, Requires Forced Termination in Smart Contracts

According to recent reports, the European Union's Council has passed a new amendment to data law which requires smart contracts to have the option of forced termination. Smart contracts are automated programs stored on the blockchain that can be executed without the need for a third party. The ...

EU Proposes Amendments to Anti-Money Laundering Legislation for Cryptocurrencies

The European Parliament is currently discussing proposed amendments to the EU's anti-money laundering legislation. These amendments, if passed, would impose limitations on the lump sum of anonymous transactions. However, according to Damien Carême, MEP and one of the initiators of the bill, these ...

Hackers Return Most of Stolen Assets from Euler Finance’s $197 Million Hack

The group responsible for the hack of DeFi lending platform Euler Finance and the theft of $197 million has reportedly recovered most of the stolen assets. As of March 25, the hackers had returned 51,000 ETH, which is equivalent to about $88 million, and another transfer was made on the same day ...

Tim Draper Speaks on Decentralization of Everything and Sings a Song About Bitcoin at Paris Blockchain Week 2023

At the Paris Blockchain Week '2023 (PWD), a prominent venture investor delivered a speech titled "Decentralization of Everything" and concluded it with a unique touch - a self-composed song about bitcoins. During his address, Tim Draper highlighted the distrust of centralized governments towards ...

Lazarus Group Attacks Euler Finance’s Crypto Hackers in North Korea-Linked Cybersecurity Incident

The Lazarus Group, a notorious hacking group believed to be associated with North Korea, has targeted the hackers who recently stole almost $200 million worth of cryptocurrency from Euler Finance, a DeFi lending platform built on the Ethereum blockchain. According to Coindesk's sources, Lazarus h ...

Coinbase tests ChatGPT for Smart Contract Risk Assessment

Coinbase recently tested the effectiveness of ChatGPT in evaluating the risk levels of various tokens. To conduct the experiment, Coinbase's employees analyzed 20 smart contracts of different tokens for potential risks and then compared their findings to ChatGPT's results. In 12 of the 20 cases, ...

Over $1 Billion Worth of Ethereum Lost Due to Smart Contract Bugs and Human Error

The Director of Product Strategy and Business Operations at Coinbase recently highlighted the prevalence of errors in the Ethereum ecosystem that have led to the loss of over $1 billion worth of Ether. Conor Grogan conducted an in-depth analysis of thousands of different errors, rangi ...

Harvest Keeper Exit Scam: Developers Flee with Millions of Dollars in User Assets

The decentralized platform, Harvest Keeper, which claimed to use artificial intelligence technology based on ChatGPT to optimize trading and generate profits, has left its users in dismay. The developers behind the project promised an impressive return of 101% in just 21 days, but suddenly disapp ...

Positive Outlook for The Graph and Ocean Protocol AI Tokens

The forthcoming weeks hold potential for a significant surge in the value of certain AI tokens, namely The Graph (GRT) and Ocean Protocol (OCEAN). According to recent reports from BeInCrypto, the positive momentum of these AI tokens has been spurred by the recent announcement of the upgraded GPT- ...

NAB Completes Cross-Border Transaction using AUDN Stablecoin on Ethereum Blockchain

It's interesting to see how NAB is exploring the use of stablecoins and blockchain technology to simplify cross-border transactions and increase their speed and transparency. The successful pilot project involving seven currencies and the AUDN stablecoin demonstrates the potential benefits of usi ...

Euler Labs requests return of stolen funds from hacker

Euler Labs, a DeFi protocol, has fallen victim to a recent hack, resulting in the loss of almost $200 million. In an attempt to recover some of the stolen funds, the developers of the protocol have made a bold move by approaching the hacker directly. The developers requested that 90% of the fu ...

Shiba Inu Whale Moves Almost a Quarter of a Trillion SHIB Tokens in a Single Transaction

A colossal "whale of the market" in the form of Shiba Inu has made an enormous transfer of nearly a quarter of a trillion SHIB mem tokens in a single transaction. Etherscan, a blockchain data-monitoring service, reported that a major investor moved almost 260 billion SHIB tokens, with a value of ...

Hedera DeFi Protocol Smart Contract Hacked, Losing $5 Million in Locked Cryptocurrency

The DeFi protocol smart contracts of the Hedera project have suffered a significant loss of $5 million following a recent hacker attack and the subsequent suspension of Hedera's services. DeFiLlama's analysts reported a 16.8% decrease in Hedera's total value locked (TVL) from $29.6 million to $24 ...

Crypto Market Forecast for March 2023: Ripple’s Volatility, Ethereum’s Pressure on BTC, and Stacks’ Rapid Growth Trend

In March, the crypto market may experience volatility with Ripple's (XRP) rate, while Ethereum (ETH) may strengthen against Bitcoin. Additionally, Stacks (STX) are predicted to continue their rapid growth trend. The crypto market had a bullish February 2023, and the upcoming month of March may fo ...