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” DeFi platform Oasis to block wallet addresses deemed at-risk “ According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the change to the terms of service, wallets flagged as high risk are prohibited…
” Cross-chains in the crosshairs: Hacks call for better defense mechanisms “ 2022 has been a lucrative year for hackers preying on the nascent Web3 and decentralized finance (DeFi) spaces, with more than $2 billion worth of cryptocurrency fleeced in several high-profile hacks to date. Cross-chain protocols have been particularly hard hit, with Axie Infinity’s…
” Reinventing yourself in the Metaverse through digital identity “ The Metaverse has become one of the biggest buzzwords of the year as a number of brands, companies and even countries begin to explore virtual worlds to conduct business. Even though Metaverse development is still underway, a recent report from the technology research and advisory…
” How do you pick your next NFT? Community responds “ Since it may be a good time to buy nonfungible tokens (NFTs) as the floor prices are lower, a Reddit user asked the community what they look for when searching for the next NFTs to add to their collection. In a subreddit, the Redditor…
” 21-year-old got ‘thought-provoking’ questions after teaching crypto to old folks “ When assisted senior living home The Preston of the Park Cities approached Owen Robertson to hold a course on crypto, nonfungible tokens (NFTs) and the Metaverse for their residents, the 21-year-old didn’t expect how quickly they’d pick up on the complex topics. Speaking…
” 88% of Nomad Bridge exploiters were ‘copycats’ — Report “ Close to 90% of addresses taking part in the $186 million Nomad Bridge hack last week have been identified as “copycats,” making off with a total of $88 million worth of tokens on Aug. 1, a new report has revealed. In an Aug. 10…
” Decentralized apps on Polygon hit 37,000, rocketing 400% this year “ The number of decentralized applications (DApps) on Ethereum-scaling-platform Polygon has topped 37,000, marking a 400% increase since the start of 2022. The Polygon team shared the figures via an Aug. 10 blog post, which was sourced from partnered Web3 development platform Alchemy, noting…
” Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic “ Cross-chain bridges have been the target of more than a few hacks this year, but new data from blockchain analytics provider Elliptic alleges one has been used to launder over half a billion dollars in ill-gotten crypto assets. According to an Aug. 10 report,…
” Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada “ It’s a story that still haunts the early generation of Canadian crypto users to this day. Four years prior, Gerald Cotten, co-founder of Canada’s then-largest cryptocurrency exchange QuadrigaCX, died under mysterious circumstances in India. But, before his…
” Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee “ On Thursday, cryptocurrency exchange Hotbit said it “suspended trading, deposit, withdrawal and funding functions,” with no timeframe for resumption. In explaining the decision, Hotbit stated: “A former Hotbit management employee who left in April this year was,…