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” Web3 sees 15 new scam smart contracts an hour: Solidus Labs “ The Web3 and cryptocurrency space is seeing a significant amount of smart contract scams proliferating, with blockchain risk monitoring firm Solidus Labs saying it has detected on average 15 newly deployed scams every hour. Solidus Labs said on Oct. 27 that it…
” TV streaming providers should start relying on NFTs “ Subscription-based services have become so ubiquitous it’s hard to remember a time when they weren’t the norm. Streaming companies have sought to take advantage of that norm by fleecing consumers for everything they’re worth — just look at Netflix’s decision to start running advertisements. Another…
” Solana-based protocol seeking to decentralize ride-sharing raises $9M “ The ride-sharing industry is poised for another paradigm shift with Web3 protocols, allowing new companies and drivers to bid for rides using a matching algorithm, according to the Decentralized Engineering Cooperation (DEC) — the company behind the Solana-based protocol TRIP that enables mobility-based applications. According…
” Team Finance exploited for $14.5M during protocol migration despite contract audit “ On Thursday, decentralized finance, or DeFi, lockup protocol Team Finance said over $14.5 million worth of tokens were exploited though the Uniswap V2 to V3 migration function on its platform. As told by blockchain security firm PeckShield, the hacker transferred liquidity from…
” Google launches blockchain node engine for Web 3.0 developers “ According to a new announcement on Thursday, tech-giant Google says it’s launching an in-house Blockchain Node Engine (BNE) based on Google Cloud. As a node-hosting service, BNE enables Web 3.0 companies to relay transactions, deploy smart contracts, and read or write blockchain data directly…
” Coinbase, Alameda-backed Mara launches African crypto wallet service “ Some 2 million users in Nigeria and Kenya are set to be onboarded to a new cryptocurrency wallet backed by the likes of Coinbase Ventures and Alameda Research. Mara is a digital financial ecosystem project that is kickstarting its journey with the launch of a…
” Phishing scammer Monkey Drainer has pilfered as much as $1M in ETH “ An alleged phishing scammer going by the pseudonym Monkey Drainer has reportedly swiped around $1 million worth of Ether (ETH) via dubious copycat nonfungible token (NFT) minting websites this week. Well-known blockchain sleuth ZachXBT was one of the first to track…
” Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey “ Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab. Asking participants what they would like to see added…
” MakerDAO community votes to approve custody of $1.6B USDC with Coinbase “ Institutional prime broker platform for crypto assets Coinbase Prime announced on Oct 24th that it had entered into a partnership with MakerDAO — the largest single holder of USDC — to become a custodian of $1.6 billion worth of the stablecoin. The…
” Key witness called to testify at Terra parliamentary inquiry is a no-show “ The CEO of venture capital firm Hashed and early Terra (LUNC) investor Kim Seo-joon has cited “extreme stress” following the Terra crash as the reason for his no-show at South Korea’s National Assembly’s Political Affairs Committee. Seo-joon was one of six…