Month: April 2023

12 ways ecosystem projects can attract more developers

The ecosystem concept is unique to (and uniquely suited to) the crypto industry. These synergistic communities offer a network where participants can benefit from each other’s work and progress while building an ever-stronger foundation. A recent study found there were more than 18,000 active Web3 developers and pinpointed the ecosystems having the most success attracting new developers. So what do ecosystem projects need to do to achieve similar success to these top performers? According to the industry experts of Cryptox Innovation Circle, it’s essential to be cognizant of what developers…

Ethereum (ETH) Rallies to 8-Month High Just 8 Days to Long-Awaited Shanghai Upgrade

Cash flow from Bitcoin to the Ethereum market has significantly contributed to today’s price bump according to Lewis Harland, Decentral Park Capital’s portfolio manager. After consolidating for the past two weeks, the Ethereum (ETH) market has begun gaining traction over Bitcoin (BTC) during the early New York trading session on Tuesday. According to the latest crypto market data, Ethereum’s price rallied to a 24-hour high of around $1,886, up over 3 percent during the day. With over $30 billion staked in the Ethereum ecosystem, the DeFi ecosystem is currently focused…

Carbon-Backed NFT Collection Ecosapiens Raises $3.5M

According to data from OpenSea, Ecosapiens’ Alpha Collection, which launched in February, has a floor price of 0.055 ETH, or about $100. The collection’s trading volume is hovering around 18 ETH, or about $32,300. So far, the collection says it has helped offset over 1,000 tons of carbon dioxide, equivalent to planting 40,000 trees. Source

Delphi Labs Raises $13.5M for Web3 Accelerator

Each team in the accelerator will receive $200,000 in funding. The main part of the program will last from four to six months, and project teams will be introduced to Delphi’s network of potential investors at the end of the program. Participants will receive hands-on advice from a core team of engineers, economists, designers, lawyers and entrepreneurs on everything from product development, legal advice and go-to-market strategies. Source

Fantom Network Adds De.Fi’s Security Tools to Bolster dApp Protection

“As blockchain technology gains adoption and proliferates, so do threats to its security,” said Michael Kong, CEO at Fantom Foundation, in a statement to CryptoX. “Fantom is pleased to welcome De.Fi’s Web3 Defense Suite to its ecosystem, which will further complement Fantom’s best-in-class smart contract security offerings.” Source AddsbolsterDAppDe.FisFantomNetworkprotectionSecurityTools CryptoX Portal

Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses – Bitcoin News

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On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind MEV Bots Boost Profit, They Also Have Vulnerability to Exploits Recently, crypto proponents and security experts have been discussing how a group of MEV bots lost $25.3 million in a sophisticated exploit. The attacker used…

Marathon registers record bitcoin production in Q1 2023

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Marathon Digital Holdings has reported a record increase in its bitcoin (BTC) production, hash rate, and financial position for the month of March and the first quarter of 2023. According to a press release, Marathon produced 825 BTC in March 2023, a 21% increase from the previous month and a 74% increase from last year. Marathon, one of the largest listed mining companies in North America, announced that it produced 2,195 bitcoins in the Q1, the highest quarter in the company’s history; it currently holds $124.9 million in cash and…

Why is this African country using BTC? – Cointelegraph Magazine

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Dakar, the capital of the West African nation of Senegal, now boasts an annual Pan-African Bitcoin conference, over 10 merchants accepting Bitcoin, a local peer-to-peer BTC exchange and a budding Bitcoin community. What’s more, the speed at which Bitcoin’s progress is unwinding is staggering. The city hosted the DakarBTC Days conference just 10 months after the country’s first “in real life” Bitcoin meetup. All of this is despite a brutal bear market that has put a big dent in Bitcoin adoption. Why is Bitcoin bubbling in Senegal? Is this country…

Euler Finance Hacker Turns in $31M as Recovery Efforts Come to Close

The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. In the late hours of Monday, the Euler Finance hacker finally returned the outstanding sum of $31 million, bringing the recovery efforts to a conclusive end. The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. And shortly after the hack, Euler Finance offered the hacker a 10% fee to return the stolen funds.…