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“# Nigeria’s central bank issues draft guidelines on eNaira CBDC project ” The Central Bank of Nigeria (CBN) has issued preliminary guidelines for its proposed eNaira digital currency. In a sensitization document sent to commercial banks in the country, the CBN outlined several design features of the central bank digital currency (CBDC). According to the…
“# Cream Finance DeFi platform loses $19M in a flash loan hack ” Cream Finance, a major decentralized finance (DeFi) protocol focused on lending, has suffered a major exploit, with a hacker stealing nearly $19 million from its platform. An unknown hacker has managed to gain $18.8 million in the latest flash loan exploit of…
“# Russian man gets three-year sentence for stealing a friend’s mining rig ” Authorities from Russia’s Zavolzhsky district have found a 34-year-old local man guilty of stealing cryptocurrency mining equipment worth more than 1.6 million rubles (nearly $22,000). According to the report shared by the Prosecutor’s Office of the Yaroslavl Region, the state prosecutor confirmed…
“# Beleaguered DeFi project xToken suffers second major exploit since May ” The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product. On Aug. 29, the xToken team reported that the attack had resulted in roughly $4.5 million worth of…
“# How does the infrastructure bill affect the mining industry in the US? ” On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language…
“# Crypto wallets: An important battlefront to gain wallet share and mind share ” Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and…
“# Blockchain technology can change the world, and not just via crypto ” Over the last three or four years, blockchain adoption has expanded tremendously, and each industry is exploring different use cases for the technology. There are multiple aspects of blockchain — from business to technical and more — but with the way the…
“# Brands must tokenize their loyalty and rewards programs ” The adoption of nonfungible tokens has served as a practical entry point for users joining the crypto economy, driven primarily by their respective fandoms and the benefit-centric nature of the tokens. For instance, if you’re a Lebron James superfan, you can understand why “The Block”…
“# Cointelegraph Consulting: Going down the Metaverse ” As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair share of media attention lately, with big moves coming from companies like Facebook and…
“# Bug in Ethereum client leads to split — EVM-compatible chains at risk ” A major consensus bug has affected more than half the Ethereum network’s nodes, causing those running older versions of Geth to split from the main network. According to Ethereum software developer Marius van der Wijden, an attacker exploited a vulnerability affecting…