Bitcoin core developer and security researcher Antoine Riard, made headlines last month after leaving the Lightning ecosystem over concerns about a new attack vector called “replacement cycling,” which exploiters could potentially use to steal funds by targeting payment channels.Continue Reading on Cointelegraph More
Over the past week, Ethereum has seen a notable increase of 6.44%. Traders are closely monitoring its performance, particularly if it manages to sustain above key price levels. A sustained position above $2,120 on the daily chart or near $2,100 at bar closure could indicate an impending breakout from resistance levels.Investors and market participants remain watchful as Ethereum’s current stability may precede volatility in the near term. The crypto market is known for its rapid price changes, and Ethereum’s recent gains suggest it could be at a critical juncture for its next directional move.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The head of research at Paradigm, Dan Robinson, shared a statement on X (formerly Twitter) expressing disagreement about Blast’s decision to launch a bridge before its layer-2 network and to not allow withdrawals for three months. “We think it sets a bad precedent for other projects,” Robinson wrote, adding that “much of the marketing cheapens the work of a serious team.” Continue Reading on Cointelegraph More
For an effective traversal of the crypto landscape, investors should follow key steps, including choosing the right crypto exchange or broker, setting up a secure wallet and making informed decisions regarding payments and orders.Continue Reading on Cointelegraph More
The influx of dollar liquidity often acts as a catalyst for asset price movements, and cryptocurrencies like Bitcoin could be poised to benefit. This perspective comes amidst heightened scrutiny of the digital currency space by U.S. regulators. Janet Yellen, the U.S. Treasury Secretary, has underscored the importance of crypto exchange compliance with financial regulations following a Department of Justice (DOJ) verdict that found Binance guilty of various legal violations, including money laundering.Yellen’s call for adherence to regulatory standards reflects an ongoing effort to integrate digital currencies within the framework of U.S. financial law. The convergence of increased liquidity and regulatory developments presents a complex backdrop for investors and industry participants navigating the cryptocurrency landscape.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Image by Launched on Nov. 21, it amassed the first $100 million in less than 24 hours, which makes it arguably the fastest-growing blockchain network by TVL.As per of 21 Shares’ dashboard on Dune Analytics (which, unlike DefiLlama, sees Blast’s TVL at “only” $382 million in equivalent), the network managed to surpass Consensys’ Linea, Starknet, Polygon zkEVM, dYdX Chain and is on its way to leaving Coinbase-incubated Base in the dust.As covered by U.Today previously, Blast promotes itself as the first-ever Ethereum L2 with native yield. It restakes all injected money in Lido Finance and rewards depositors with payouts and Blast Points. Also, Blast stablecoin depositors can benefit from Maker’s tokenized T-bills program.The protocol yielded $20 million by a clutch of high-reputable VCs, including the likes of Paradigm, Standard Crypto and Primitive Ventures, with the participation of heavy-hitting angel investors Andrew Kang and Santiago Santos.Some skeptics that Blast looks like a single-node sidechain secured by a multi-sig contract instead of being a proper L2.On Nov. 25, representatives of Blast (which is believed to be founded by Blur NFT marketplace key figurehead Tieshun “Pacman” Roquerre) shared a thread to dismiss the concerns about multi-sig risks.They that upgradeable contracts protected by multi-sig solutions are much safer than stable contracts. In the case of Blast, the multi-sig is in the right hands:Also, the Blast team teased a security update coming next week: One of the multi-sig addresses hardware wallet provider will be changed.This article was originally published on U.Today More
The broader crypto market displayed a diverse range of performances, with several currencies making notable moves. Compound saw a rise of 3.3%, while Bitcoiva experienced a slight increase. Bitcoin Diamond’s value rose significantly, contrasting with dForce USD, which saw a decrease. EverGrow Coin’s value marginally fell, whereas Safe and WhiteCoin maintained their stability. Secret enjoyed substantial gains, and Navcoin surged dramatically. On the other hand, ’42-coin’ witnessed a negligible drop.Originating on February 8, 2016, Decred stands out with its unique hybrid proof-of-work/proof-of-stake system that utilizes the BLAKE256 hashing algorithm. With over fifteen million coins in circulation, Decred dedicates ten percent of block rewards to its treasury. This treasury is governed by stakeholder voting, where DCR holders can purchase tickets to participate in the decision-making process for network developments, ensuring a community-driven approach to its evolution.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
In a thread on X (formerly Twitter), Laurence Day, a former core contributor, detailed the efforts of the Indexed community in overcoming two hijacking attempts on the remaining treasury of the Indexed DAO. Both attackers acquired significant amounts of the protocol’s NDX token and aimed to take control of the DAO’s approximately $120,000 in digital asset holdings through malicious proposals.Continue Reading on Cointelegraph More
