Autor Cointelegraph By Zhiyuan Sun

Security firms seek to make it more difficult for scammers to get away with DeFi project hacks

Security firms seek to make it more difficult for scammers to get away with DeFi project hacks

Uverejnil používateľ | feb 23, 2022 |

The rise of community-oriented blockchain security companies may be making it more difficult for alleged bad actors to get away without a trace.Early Wednesday, CertiK issued a community alert regarding Flurry Finance, where its smart contracts were allegedly breached by hackers, leading to $293,000 worth of funds being stolen. Shortly after the incident, CertiK published the wallet addresses of the alleged perpetrator, the address of the malicious token contract, and a PancakeSwap pair address allegedly involved in the attack, leading to a warning issued on BscScan. While the firm audited the project’s smart contracts, it appears that the exploit was the result of external dependencies.#CommunityAlert @FlurryFi’s Vault contracts were attacked leading to around $293K worth of assets being stolen from Vault contractsIncident Analysis — CertiK Security Leaderboard (@CertiKCommunity) February 22, 2022In another instance, on Feb. 20, social media users reported that Avalanche (AVAX)-based project Atom Protocol allegedly turned into a rug-pull hours after launch, with a screenshot from the project’s alleged Twitter account (now deleted) stating:”There is a problem/mistake in the contracts; we can’t do anything. So we have to close the project, sorry.”In a report published Tuesday, Assure DeFi, a verification company providing Know Your Customer, or KYC, as well as checks on project developers, lists one French national on file as responsible for Atom Protocol. The firm conducts such checks and then creates publicly viewable compliance content. Through a statement to Cointelegraph, Assure DeFi explained that it’s important to understand that knowing someone’s name, address, nationality, etc., does not prevent them from committing a crime. But, Assure DeFi reps elaborated:”It does, however, create an accountability path to pursue legal recourse against bad actors…which is the value that the Assure DeFi KYC Verification process provides.”The report lists $87,440 being stolen via the alleged rug pull and estimates that the number of “injured parties” surpasses 1,000. According to Assure DeFi, victims are urged to contact Binance support asking to freeze the alleged perpetrator’s wallet and contact French law enforcement authorities regarding the alleged crime.We believe that many people are still misunderstanding the role of KYC/verification.KYC is a deterrent and not a scam prevention and if anyone says otherwise they are misleading you. The real value of KYC is having a validated real-world identity behind a project..— Assure DeFi (@AssureDefi) February 20, 2022

Čítaj viac
Warner Music Group announces partnership with blockchain gaming developer Splinterlands

Warner Music Group announces partnership with blockchain gaming developer Splinterlands

Uverejnil používateľ | feb 23, 2022 |

On Wednesday, Warner Music Group announced it had entered into a partnership with fantasy-themed collectible card game developer Splinterlands. The two companies will collaborate and enable opportunities for WMG artists to create and develop play-to-earn, arcade-style blockchain games. Last month, WMG made its first entry into the nonfungible token, or NFT, metaverse realm in a partnership with The Sandbox with the goal of providing WMG artists another outlet with which to engage their fans. In a statement, Oana Ruxandra, chief digital officer and executive vice president of business development at WMG, said:“By partnering with Splinterlands to build custom tokenized games, we’ll unlock new revenue streams for our artists who have an interest in the space while elevating the role of fandom and community.”Meanwhile, Jesse “Aggroed” Reich, Splinterlands’ co-founder and CEO, said:“We’re thrilled to be working with WMG, and I look forward to new collaborations at the intersection of gaming, music, crypto, NFTs, DeFi and blockchain.”Splinterlands was founded in 2018 and is the creator of a blockchain game of the same name. It is a one-on-one skill battling game where players buy, sell and trade their cards freely, with all transactions recorded on the Hive blockchain.The game currently has 1.8 million registered users, including 450,000 daily users, and recently surpassed the milestone of 1 billion battles. According to DappRadar, it is the most popular blockchain game based on the number of users over the last seven days.

Čítaj viac
London Stock Exchange acquires cloud-based technology provider Tora in $325M deal

London Stock Exchange acquires cloud-based technology provider Tora in $325M deal

Uverejnil používateľ | feb 22, 2022 |

On Tuesday, the London Stock Exchange Group, or LSEG, announced the acquisition of U.S.-based cloud technology provider Tora for $325 million; the deal is expected to close in the second half of the year. Tora offers software trading solutions for customers exposed to stocks, forex, fixed income securities, derivatives and cryptocurrencies. In justifying the acquisition, LSEG specifically outlined the importance of the latter:”The addition of digital assets to LSEG’s trading capabilities strengthens its presence in this rapidly expanding asset class at a time when institutional market participants are increasing exposure to crypto and other digital assets.”Tora’s crypto trading solution is called Caspian. According to its whitepaper, Caspian “aggregates prices, bid/ask information, orders, positions, accounts and executions from multiple crypto exchanges and other sources, presenting the information on a single platform.” It then enables users to send order information to crypto exchanges individually, or to multiple exchanges all at once, using its Smart Order Router technology. The software, itself, is aimed at institutional clients and offers order execution, portfolio management, compliance, risk management and reporting tools.In addition, the firm completed a Caspian (CSP) token sale in October that raised $19.5 million. CSP is built on Ethereum (ETH) and can be staked to earn discounts on the Caspian platform.Regarding the acquisition, head of trading & banking solutions at LSEG Dean Berry said: “This transaction is an important extension of our global trading business. Acquiring Tora will enable LSEG to deliver critical “at trade” capabilities for the buy-side.” Meanwhile, Robert Dykes, chief executive officer at Tora, added: “I’m delighted that we will become part of LSEG. Tora has grown entirely organically since we formed in 2004. We are proud that all of our products have been built independently in-house since day one.”

Čítaj viac
Who really created the Coinbase Superbowl ads? Armstrong called out on Twitter

Who really created the Coinbase Superbowl ads? Armstrong called out on Twitter

Uverejnil používateľ | feb 22, 2022 |

The Coinbase ad, which aired during the Superbowl last week, appears to be causing quite a stir on social media in light of new information on its origins. When scanned, the 60-second tv spot featured a color-changing, bouncing QR code that brought users to a promotional BTC giveaway page — seemingly based on the oft-meme’d DVD screensavers of yore.Yesterday, in a long Twitter thread, Brian Armstrong, CEO of Coinbase, praised his company’s internal team for their work on the ad, saying that: “one of the original ideas [for the ad] we had included putting a QR code at the end. They finally agreed, and it turned out great — our team did an amazing job pulling this off last minute.”In a reply to Armstrong’s post, Kristen Cavallo, CEO of advertising firm The Martin Agency, claimed it was actually their agency that inspired the ad, saying:”It was actually inspired by presentations our agency showed your team on 8/18 (pages 19–24) and 10/7 (pages 11–18) with ad concepts for the Super Bowl with floating QR codes on a blank screen.”Armstrong then clarified in an updated tweet:”Although we didn’t work with a traditional ad agency, I’d be remiss not to mention the creative firm we worked with who actually created the ad, commissioned the song, got the clearances, etc. Honestly, felt like we were all one team, so I didn’t fully realize it, thank you!”Armstrong did not mention the name of the creative firm in the thread.Kate Rouch, chief marketing officer at Coinbase, presented another version of the story, saying that creative partner Accenture Interactive came up with the idea of inserting a QR code in a popular meme, which was subsequently greenlighted by Coinbase staff. Rouch stated:”Multiple agencies — including The Martin Agency — pitched us ideas that included QR codes for several different campaigns. However, none of our partners’ ideas were conceptually what we were looking for and remained on the cutting room floor.”On social media, Cavallo alleged that Coinbase was “claiming credit and disregarding agencies,” and adding to the confusion of who inspired the idea: “I’m advocating for Accenture as much as I am for the industry.”My tweet was not about IP. I wrote because his thread could easily have been a celebration of creativity and breakthrough thinking, versus claiming credit and disregarding agencies. I’m advocating for @Accenture as much as I am for the industry.— Kristen Cavallo (@Cavallokristen) February 21, 2022

Čítaj viac
Harmony launches Bored Ape Yacht Club NFT Passport

Harmony launches Bored Ape Yacht Club NFT Passport

Uverejnil používateľ | feb 19, 2022 |

On Friday, blockchain platform Harmony — whose mainnet runs on the Ethereum network, claiming to have two-second transaction finality and fees 1,000 times lower than Ethereum — announced the launch of its Bored Ape Yacht Club Passport. The Passport enables users to import proof of their apes into DeFi Kingdoms, a play-to-earn game built on the Harmony blockchain with over 120,000 monthly active users. During its initial stages, Ape holders will be able to validate and display their assets in the game across multiple blockchains when they connect their MetaMask wallet to DeFi Kingdoms.The infancy of cross-chain technology means that funds could be at risk when bridging across chains, as the biggest decentralized finance hack thus far this year showed. However, as stated by its developers, Harmony’s Passport does not move assets; instead, it proves asset ownership across multiple blockchains, guaranteeing their authenticity throughout. Its cross-chain bridge, Horizon, currently supports interoperability between Harmony, Ethereum, BNB Chain and three other blockchains.Leo Chen, a team member at Harmony, explained:“We wanted to give all NFT holders more utility and options to display their NFTs and participate in the Metaverse. Bored Ape Yacht Club holders are the first choices. The cross-chain identity creates a secure and easy way to do so without putting their assets at risk.”In a similar gesture, last month, Twitter kicked off its nonfungible token campaign, allowing its paid subscribers to show off their NFT possessions as profile pictures. However, the technical functionalities of the feature are in the testing phase, with only Ethereum-based NFTs eligible and no support for cross-chain functionalities.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy