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On-chain sleuth ZachXBT says an alleged North Korean cybercriminal might be behind the attack against Indexed’s treasury. A cybercriminal allegedly associated with DPRK initiated a hostile proposal on Nov. 18, targeting the remnants of Indexed Finance. This defunct decentralized protocol for passive portfolio management on Ethereum (ETH) suffered a $16 million attack in 2021. Hi everyone, There's currently an ongoing hostile governance attack taking place against the remnants of the Indexed Finance treasury – 36K in DAI and approx. 48K in NDX before slippage. I never thought I'd have to post about Indexed governance again (it's been two years since… pic.twitter.com/mUUVMDnq4Q — laurence (@functi0nZer0) November 18, 2023 According to an Indexed Finance team member, Laurence Day, the hacker initiated a proposal seeking to get control over the protocol’s treasury, holding $36,000 in DAI and nearly $48,000 in NDX, a governance token for Indexed Fi...

The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements. A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on November 15, looked back at the history of crypto exploits in 2022, categorizing them into different types of vulnerabilities. It concluded that a full 46.48% of the crypto lost from exploits in 2022 was not from smart contract flaws but was rather from “infrastructure weaknesses” or issues with the developing firm’s computer systems. Categories of Web3 vulnerabilities. Source: Immunefi. When considering the number of incidents instead of the value of crypto lost, Web2 vulnerabilities were a smaller portion of the total at 26.56%, although they were still the second-largest category. Immunefi’s report excluded exit scams or...

On-chain analyst Yazan reports insider selling of PEPE holdings, with around 400 billion PEPE sold, aligning with Pauly’s team exposure. Former Pepecoin (PEPE) promoter turned crypto influencer Jeremy “Pauly” Cahen has leveled insider trading allegations against the Pepecoin team following the reported theft of around 16 trillion PEPE tokens. Pauly is now exposing team members’ identities, divulging their wallet activities. On-chain analysts also point to significant Pepecoin transactions involving insiders. In an Aug. 26 update, Pauly disclosed that the Pepecoin team possesses approximately $16–17 million in PEPE tokens distributed across nine wallets. Surprisingly, the insiders refrained from selling the holdings. Instead, they strategically offloaded PEPE from a centralized exchange (CEX) wallet, establishing a substantial short position. “I’ll likely be working with multiple branches of law enforcement to ensure that @degenharambe & the rest of his partners on the @pepecoine...

Explore seven payment gateways prioritizing speed and efficiency, ensuring fast, seamless online transactions. In today’s fast-paced digital world, speed and convenience are paramount when it comes to online transactions. Whether you run an e-commerce business or simply want to make swift payments online, having a reliable payment gateway that ensures seamless and speedy transactions, including support for cryptocurrencies, is essential. Here are seven payment gateways known for efficiency, fast processing times and crypto support. PayPal PayPal is one of the most widely recognized and trusted payment gateways globally. PayPal offers quick currency exchanges thanks to its simple user interface and worldwide reach. Due to its reliable infrastructure, payments are completed promptly, making it simple for businesses and people to deposit and receive money. PayPal has also dabbled in the cryptocurrency sector. It allows users to buy, sell and hold selected cryptocurrencies within their P...

If initial tests are successful, the firms will expand their activities into tokenized credit issuance and equities. Financial market firms T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland have joined an Avalanche (AVAX) subnet to test the idea of blockchain-based foreign exchange, according to an announcement from the Avalanche team. The new subnet is called “Spruce,” and is part of Avalanche’s Evergreen Subnet ecosystem. Following last week’s Avalanche Evergreen announcement, today marks the launch of the Spruce Subnet! Institutional partners including @TRowePrice, @WisdomTreeFunds, @Wellington_Mgmt & @CumberlandSays will use Spruce to test public blockchain applications. https://t.co/1KLzxcUCSB pic.twitter.com/xvaUmKO3BV — Avalanche (@Avax) April 12, 2023 According to the announcement, institutions will initially use “valueless tokens” on Spruce to ensure they can conduct foreign exchange, or forex, transactions without losing capital. Inter...

The license expiration marks a significant event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX). Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, shows the protocol documentation. The expiration was a much-anticipated event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX).  The BSL is a type of license meant to last for a determinate period before becoming completely open source. In general, the purpose is to protect the author's right to profit from their creations. Uniswap v3's license was released in 2021 for a period of two years, preventing its code from commercial use. A new license called General Public License applies to the protocol now. To fork the code, developers will be required an Additional Use Grant, a production exemption meant to accommodate both the needs of open-source and commercial devel...

Right after FTX collapsed, people from the space started advocating decentralization. In fact, stalwarts, time and again, kept emphasizing the importance of self-custody and managing one’s own wallet keys. The U.S. is now in the midst of a banking crisis, and the community has yet again circled back to the same. They have started re-asserting that self-custody “is the way” and decentralization could help build a better system. According to on-chain data tweeted by Research and Data Analyst, James Straten, around 70k Bitcoin has been taken into self-custody since the collapse of Silicon Valley Bank, justifying the community’s inclination. #Bitcoin self-custody withdrawals yesterday were one of the biggest one-day increases in the past 6 months. 70k #bitcoin has been taken into self-custody since the collapse of SVB on Thursday. pic.twitter.com/bAEcIw0Ar8 — James V. Straten (@jimmyvs24) March 16, 2023 In fact, in a recent tweet, Ethereum founder Vitalik Buterin also w...

After a network-wide slowdown left users frantic, Solana released plans to improve its latest network upgrade. The Solana network experienced a noticeable slowdown in block production after its most recent 1.14 network update on Feb. 25, as it went into reset mode. As an immediate response to transaction disruptions, validators downgraded the software to up performance levels. However, on Feb. 28, Anatoly Yakovenko, the founder and CEO of Solana Labs, released another statement as to how the ecosystem plans to improve its recent network upgrades. The major focus of the plan is on stability as the network continues its transition.  2022 priorities were shipping new Features and new tools. 2023 is stability. Tldr 1/3 of core eng is going to be focused on stability and adversarial testing. Here’s my thoughts. https://t.co/Z6pR9hhYbP — toly (@aeyakovenko) March 1, 2023 The statement laid out a 6-step plan for engineers to follow to help streamline the process and revealed that a...

Amid the macro bearish landscape last year, the total value locked in DeFi dried up and the yields were down to their average lows. Consequentially, the DeFi index price, showcasing the state of DeFi on Ethereum, also crashed. Towards the end of last year, it was hovering around $1.1k, while in early 2023, it dropped down to $1.07k. From thereon, however, there has been an improvement. As shown below, the reading of the same has already notched up to $1.85k, justifying the same. Source: ethereumprice.org Leaving aside the DeFi trend on Ethereum, the macro state of affairs has also been refined. Evidently, the price of top DeFi tokens has been on the rise. In the period between Jan. 11 to Jan. 17, the top-performing assets from this space fetched their investors with returns in the 48% to 70% bracket. In fact, their volume simultaneously pumped upto 602%, bringing to light the interest influx of market participants. Source: crypto.com DeFi market cap balloons up The impact ...

NFT Steez chats with Lukso co-founder Marjorie Hernandez about how Universal Profiles onboards and empowers users with digital self-sovereignty Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in the control of the service provider. Self-sovereign digital identity is often cited as a human right that can reclaim agency using blockchain technology, but what frameworks exist that aid in governing it? On this episode of NFT Steez met Marjorie Hernandez, the co -founder of LUKSO and The Dematerialized to discuss the state of blockchain-based identities and “Universal Profiles.” According to Hernandez, in the future, “everything will have a digital identity.” Onboarding into the digital realm should be frictionless for sovereign “Universal Profiles” During the interview, Hernandez explained the paradigm shift betw...