Day: September 18, 2022

Profanity tool vulnerability drains $3.3M despite 1Inch warning

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Decentralized exchange aggregator 1inch Network issued a warning to crypto investors after identifying a vulnerability in Profanity, an Ethereum (ETH) vanity address generating tool. Despite the proactive warning, apparently, hackers were able to make away with $3.3 million worth of cryptocurrencies. On Sept. 15, 1Inch revealed the lack of safety in using Profanity as it used a random 32-bit vector to seed 256-bit private keys. Further investigations pointed out the ambiguity in the creation of vanity addresses, suggesting that Profanity wallets were secretly hacked. The warning came in the form…

JPEX Announces Partnership Extension with Western Sydney Wanderers – Press release Bitcoin News

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press release PRESS RELEASE. JPEX, a licensed digital bank designed to enable the buying and selling of virtual and digital currencies, has announced its partnership extension with the Australian-based football club, Western Sydney Wanderers. This contract renewal will see the crypto trading platform continue providing needed support to the A-League team until the end of the 2022/2023 footballing season. In addition to this partnership extension, JPEX recently launched the “Fix the Money, Fix the World” marketing initiative starring Kusini Yengi, Tomi Mrcela, and Lawrence Thomas—Western Sydney Wanderers players. Speaking about…

Dogecoin has crashed 75% against Bitcoin since Elon Musk’s SNL appearance

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Dogecoin (DOGE) may be back in the top-ten cryptocurrency by market capitalization, but its loses in both USD and Bitcoin (BTC) terms since Elon Musk’s SNL appearance are considerable. Dogecoin loses Musk-effect The DOGE/BTC trading pair has fallen 75% after peaking out at 1,287 satoshis on May 9, 2021, a day after Musk was a guest host on Saturday Night Live, including a sketch titled “The Dogefather.” DOGE/BTC daily price chart. Source: TradingView Before his appearance, the billionaire entrepreneur was relentlessly tweeting Dogecoin memes, images, which helped DOGE — a…

How To Mine CryptoCurrency… in 2021

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io It’s possible you found this video because you’re interested in the idea of ‘mining’ crypto. Maybe it’s something you heard about back in the day, and you’re wondering, is this still a thing? And can I do it? In this video, we’ll show you how you can ‘mine’ crypto, and it’s a lot easier than you think. Welcome to Cardano…. 🙂 Find out more at: cardano.org daedaluswallet.io ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Zcash Sheds 14% Last Week, But Analysis Reveals Buying Opportunity

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Zcash (ZEC) was treading a bearish route along with other altcoins, having shaved off as much as 14% in the past few days. Zcash loses 14% last week but opens up an increased buying opportunity Awesome Oscillators looks bullish ZEC’s RSI at 42 On-chain metrics have shown a glimpse of a buying opportunity with a hint of a downtrend. Now, will the bulls pull it off and haul the price back to $66? Zcash Fibonacci retracement levels have hovered up from $55 to $92.6, showing an 83.4% retracement level, which…

How to choose an analytic platform for your DeFi dashboard

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With the growing Total Locked Value (TVL) of DeFi, there are now more and more options for on-chain analytic platforms that provide DeFi data, all with the promise to generate insights for blockchain investment. However, transforming the raw data into meaningful insights without any tools poses an enormous challenge. That’s where DeFi dashboards come in. Most investors and analysts use data to build dashboards showing key indicators. When it comes to broader DeFi data (rather than just cryptocurrency trading, which has its own platforms like Glassnode), there are two types…

Web3 Firm Acquires Creator of South Africa’s First Listed PoW Crypto, Safcoin – Africa Bitcoin News

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A Web3 technology company, Virtual Nation Builders, recently said it acquired FHM, the firm that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to list on a global exchange. As a result of the Web3 firm’s acquisition of FHM, the cryptocurrency will now “list and merge all its digital use-cases and platforms into the new VNB-built Cowrie exchange and partnerships.” Supporting Clients’ Digital Needs Virtual Nation Builders (VNB), a Web3 technology firm, recently revealed it had acquired FHM (Pty) Ltd., the South Africa-based creator of what is dubbed Africa’s first…

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Flashbots build over 82% relay blocks, adding to Ethereum centralization

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Following the completion of The Merge upgrade, Ethereum (ETH) transitioned into a proof-of-stake (PoS) consensus mechanism, helping the blockchain become energy efficient and secure. However, mining data reveals Ethereum’s heavy reliance on Flashbots — a single server — for building blocks, raising concerns over a single point of failure for the ecosystem. Flashbots is a centralized entity dedicated to transparent and efficient Maximal Extractable Value (MEV) extraction, which acts as a relay for delivering Ethereum blocks. Data from mevboost.org show that there are six active relays currently delivering at least…

Cos'è Bitcoin e a cosa serve davvero

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Tutti parlano di Bitcoin, in pochi sanno la sua storia. La nascita dei Bitcoin affonda le sue radici nella cultura cyber degli anni ’90. Bitcoin al tempo ancora non era nato, ma già esistevano gruppi che pensavano a progetti che andavano nella direzione delle criptovalute. Il gruppo di attivisti internet Cypherpunk nasce verso la fine degli anni ’80. Il loro obiettivo era quello di utilizzare la crittografia per migliorare la privacy delle persone. In questo periodo, nacquero anche le prime società di…