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” Aurora pays $6M bug bounty to ethical security hacker through Immunefi “ On Tuesday, Ethereum (ETH) bridging and scaling solution Aurora announced it had paid out a $6 million bounty to ethical security hacker pwning.eth, who discovered a critical vulnerability in the Aurora Engine. The exploit allegedly placed over $200 million worth of capital…
” Binance fires back at Reuters’ money laundering allegations “ Crypto exchange Binance published a lengthy response to an article published by Reuters that claims that the exchange has been a “hub for hackers, fraudsters and drug traffickers,” saying that there’s at least “$2.35 billion in illicit funds” laundered within the exchange. In a blog…
” Struggle for Web3’s soul: The future of blockchain-based identity “ The attention, one might suspect, has much to do with the participation of Buterin, blockchain’s wunderkind and the legendary co-founder of the Ethereum network. But it could also be a function of the paper’s ambition and scope, which includes asking questions like: What sort…
” FTX will not freeze hiring amid layoffs at other crypto firms, CEO states “ Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the crypto winter continues. In a Twitter thread, FTX CEO Sam Bankman-Fried explained that…
” How to buy NFTs on Solana? “ The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to execute transactions on the blockchain. A report published by Reuters revealed that the…
” Crypto.com’s Cronos launches $100M accelerator for DeFi and Web3 “ Cronos, a blockchain ecosystem built by major crypto exchange Crypto.com, announced the launch of an accelerator program to fast-track advancements across the decentralized finance (DeFi), Web3 and Metaverse space, among others. Driving the initiative, the Cronos Accelerator Program is backed by $100 million to…
” Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC “ Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on June 6 that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).” The group will…
” Solana developers tackle bugs hoping to prevent further outages “ Developers have fixed the runtime bug that caused the latest outage of the Solana network on June 1. According to a report published by Solana Labs on June 5, Solana’s fifth outage of 2022 was caused by a bug in the “durable nonce transactions…
” Indonesia-licensed crypto asset platform Pintu raises $113M in Series B “ Indonesian crypto asset platform Pintu announced the closure of a $113 million Series B funding round participated by four prominent investors Pantera Capital, Intudo Ventures, Lightspeed and Northstar Group. Licensed by the Commodity Futures Trading Regulatory Agency (Bappebti) under the Ministry of Trade,…
” IRA Financial Trust to sue Gemini over $36M crypto assets exploit back in February “ On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers’ digital assets during a critical exploit. The firm’s client accounts were…