Bitcoin Core developer hack highlights self-custody risks: Community responds
A Twitter user pointed out that if a top Bitcoin developer can’t keep his wallet secure, then mass adoption is a pipe dream. Go to Source Powered by WPeMatico
Hong Kong brokers line up for SFC approval ahead of new virtual asset trading legislation
The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for licensing approval. Go to Source Powered by WPeMatico
Integrating Decentralized Cross-Chain Communication Makes Bridges ‘Substantially Safer’ — Flare Networks CEO
Although they grabbed less media attention than the collapse of centralized organizations, the so-called bridge exploit incidents in 2022 again proved that the decentralized finance (defi) ecosystem still lacks sufficiently secure solutions, Hugo Philion, the co-founder and CEO of Flare Networks, has argued. Philion insists that the lack of such secure solutions has constrained the … Read more
Vitalik Buterin highlights what he’s bullish about for 2023
The Ethereum co-founder expects to reach a new milestone for rollups this year. Go to Source Powered by WPeMatico
Lido overtakes MakerDAO and now has the highest TVL in DeFi
A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum’s shift to proof-of-stake. Go to Source Powered by WPeMatico
$62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK
The month of December had the smallest figure for cryptocurrencies stolen in 2022 with around 23 major incidents according to CertiK. Go to Source Powered by WPeMatico
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not in recession, it would feel like … Read more
Bitcoin core developer claims to have lost 200+ BTC in hack
A Bitcoin OG and core developer Luke Dashjr claims his PGP key was compromised, resulting in virtually all his Bitcoin being stolen from him on Dec. 31. Go to Source Powered by WPeMatico
New year community advice: Check your smart contract approvals
A Reddit user has warned of the potential dangers of unchecked smart contracts, advising the community to revoke approvals on a regular basis. Go to Source Powered by WPeMatico