In a recent ruling in China’s Jiangsu province, Mr. Xu, a lender, found himself at a disadvantage when the court declared that his 341 Bitcoin loan to Mr. Lin was not protected by law. The loan was made through a peer-to-peer agreement using Bitcoin, as Mr. Xu lacked fiat funds at the time. However, when
Ethereum
The co-founder and CEO of zkSync creator Matter Labs, Alex Gluchowski, has found himself embroiled in a controversy after Polygon Zero accused the company of copy-pasting code without proper attribution. As a prominent zero-knowledge scaling firm, Matter Labs’ integrity and transparency came under scrutiny when Polygon Zero published a lengthy blog post outlining its allegations.
In the ever-evolving world of decentralized finance (DeFi), uncertainties often arise, leaving protocols to navigate uncharted waters. Amidst this climate of uncertainty, Aave Chan founder Marc Zeller has put forth a controversial proposal for the Aave Treasury to purchase $2 million worth of Curve DAO Tokens (CRV) from Curve Founder Michael Egorov. This move has
OpenChat, a blockchain-based chat app powered by the Internet Computer (ICP) network, has recently introduced a groundbreaking feature called “Communities.” This latest addition aims to transform the way users interact and create groups within the app. While OpenChat was initially used by crypto enthusiasts for instant messaging, users began expressing a desire for the formation
In a shocking incident, a scammer successfully executed a zero transfer phishing attack and managed to steal a staggering $20 million worth of Tether (USDT) on August 1. The stablecoin’s issuer, Tether, quickly blacklisted the scammer, but the damage was already done. This incident sheds light on the growing menace of zero transfer phishing scams
The cryptocurrency market is known for its volatile nature, and once again, investors have been hit hard by the sudden crash of a memecoin called BALD. This new coin, launched on Coinbase’s Base network, garnered a lot of attention with its astronomical rise in value. However, it all came crashing down when the developer allegedly
The cryptocurrency market is evolving at an astonishing pace, with new innovations and technologies constantly reshaping its landscape. One such innovation that holds tremendous potential is the concept of liquid staking tokens (LSTs). As the name suggests, LSTs have the ability to transform the traditional staking process by introducing liquidity to previously illiquid assets. Eth2.0,
In a significant development for the cryptocurrency industry, a key United States House panel has approved two bills that aim to provide regulatory clarity to crypto firms operating in the country. The first bill, known as the Financial Innovation and Technology for the 21st Century Act, establishes rules for crypto firms regarding registration with either
Worldcoin, a proof of humanity protocol, recently released its audit reports conducted by security consulting firms Nethermind and Least Authority. These reports come at a time when criticism of Worldcoin’s data collection practices continues to mount. In this article, we will delve into the findings of the audit reports and explore the implications for the
In a surprising turn of events, the Optimism network has overtaken Arbitrum in transaction volume after a six-month lull. This breakthrough comes as Worldcoin launched on Optimism, propelling it to the forefront of layer 2 solutions for Ethereum. This shift in dominance marks a significant development in the world of blockchain technology. Data from blockchain
