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“# Bitcoin payments are the ‘second stupidest idea I’ve heard,’ says Late Show’s Stephen Colbert ” Stephen Colbert, the charismatic host of CBS’ The Late Show, isn’t holding back his punches or his jokes when it comes to Bitcoin. In a segment dubbed “Quarantinewhile,” which features a roundup of amusing news stories for viewers to…
“# DeFi coverage protocol expands protection against centralized exchange hacks ” DeFi coverage protocol Nexus Mutual expanded the list of centralized exchanges eligible for incident protection. Users trading on Binance, Kraken, Coinbase and Gemini are now able to buy protection in the event of an exchange hack or prolonged withdrawal downtime. The project announced the…
“# ‘Wen $DIGG?’ Badger DAO preps for hotly anticipated synthetic BTC launch ” The launch of Badger DAO’s DIGG, a synthetic rebasing asset meant to track the price of Bitcoin, is one of the most eagerly anticipated product releases in recent DeFi memory — but the person most excited to see DIGG hit the market…
“# Warp Finance adds Chainlink oracles to protect against flash loans ” Warp Finance, a DeFi lending protocol that suffered an $8 million flash loan exploit shortly after release, is now gearing up for a relaunch that will include an integration with oracles by Chainlink. The inclusion of Chainlink oracles reportedly serves as protection against…
“# A crypto New Year’s resolution: Modernize security infrastructure ” It’s safe to say that 2020 has been a banner year for the digital-asset space. Bitcoin (BTC) soared past its previous high, and many other prominent cryptocurrencies reached their highest levels since the heyday of 2017 and early 2018. Across the financial services industry, institutional…
“# Cover Protocol suffers infinite minting attack, price tanks 97% ” A suspected hacker has exploited the Cover staking protocol, inflating the token supply by printing over 40 quintillion “coins” However, in a surprising move, the suspected attacker returned the funds with a note saying: “Next time, take care of your own shit.” Cover Attacker…
“# Roundup of crypto hacks, exploits and heists in 2020 ” Unlike in previous years, crypto news in 2020 has not been dominated by major exchange hacks and million dollar Bitcoin thefts. However, there have still been quite a few and most of them have originated from the nascent decentralized finance sector. DeFi has been…
“# Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K ” Livecoin, a lesser-known Russian cryptocurrency exchange, has abruptly halted operations in the aftermath of an alleged hacker attack on Christmas day. According to Livecoin’s main page, the exchange has suffered a “carefully planned attack” causing the platform to lose control of all of…
“# Exmo hackers withdraw part of stolen funds via Poloniex, exchange confirms ” Hacked cryptocurrency exchange Exmo is not able to recover a large amount of stolen funds as hackers withdrew millions of dollars in crypto through the Poloniex crypto exchange. On Dec. 21, Exmo announced a major hack causing the platform to freeze all…
“# DeFi data manipulation is too easy — and current oracle solutions aren’t helping much ” It seems like every week we hear news of another DeFi project being hacked or exploited. The latest crop of victims includes such projects as Harvest Finance, Akropolis, Value DeFi, Origin and of course Compound. When exploits do occur,…