INX and Republic will integrate TradFi and DeFi into both their ecosystems to create increased tokenization access and global market trading. Financial services firm Republic has partnered with broker-dealer INX to develop a blockchain service for primary and secondary markets. The collaboration between both companies is part of an investment deal that sees Republic pump $5.25 million into INX. The transaction gives Republic 9.5% of INX’s outstanding shares. The investment was calculated at a $50 million pre-money valuation. The two companies have also agreed to a non-binding term sheet that…
Tag: Blockchain
Blockchain Security Firm CertiK Found an Infinite Loop Bug in Sui Network
“Differing from traditional attacks that shut down chains by crashing nodes, the HamsterWheel attack traps all nodes in a state of ceaseless operation without processing new transactions, as if they were running on a hamster wheel. This strategy can cripple entire networks, effectively rendering them inoperable,” CertiK said in a press release on Monday. Source link
Kenny Schachter reflects on blockchain art’s past, present and future
With crypto in a state of turbulent flux, a demographic of nonfungible token (NFT) detractors in the fine art world might feel trigger-happy to, at last, declare the industry down for the count. Meanwhile, artist, critic, dealer, educator and outspoken NFT proponent Kenny Schachter is celebrating the conclusion of Slow Food — his first New York City art exhibition in 25 years — at The NFT Gallery on Manhattan’s Lower East Side, fresh off the heels of headlining NFT Art Day ZRH in Zurich, Switzerland, coinciding with the iconic annual…
CertiK receives $500K bounty after Sui blockchain threat discovery
Blockchain security firm CertiK has received a bounty of $500,000 from the Sui network after flagging a threat that had the potential to disrupt Sui’s entire layer-1 blockchain. In an announcement sent to Cointelegraph, the CertiK team highlighted that the vulnerability dubbed “HamsterWheel” was different from traditional attacks which focus on shutting down blockchains by crashing nodes. This attack traps nodes, letting them perform operations without processing new transactions, similar to hamsters jogging on a wheel. The attack has the capability to cripple networks and make them unable to operate.…
AI has a ‘symbiotic relationship’ with blockchain: CEO, Animoca Brands
Artificial intelligence (AI) has become a hot topic in public discord both in and outside of the emerging tech industry, after an increase in popularity of OpenAI’s chatbot ChatGPT. At the Proof of Talk 2023 blockchain and Web3 conference in Paris, Cointelegraph sat down with Robbie Yung, the CEO of Animoca Brands to discuss the relationship between AI, blockchain and gaming. Robbie Yung CEO of Animoca Brands (left) with Cointelegraph Reporter Savannah Fortis at Proof of Talk 2023 in Paris. Source: Cointelegraph Yung told Cointelegraph that Animoca has been involved…
Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America
“Digital asset sentiment remains poor as the U.S. Securities and Exchange Commission’s (SEC) enforcement actions create regulatory uncertainty, pressuring token prices,” analysts Alkesh Shah and Andrew Moss wrote, adding that “digital asset trading platforms are just one piece of the broader ecosystem.” Source
Crypto Community Donates $1M to Blockchain Sleuth ZachXBT After Defamation Lawsuit
The lawsuit, filed on Friday in the U.S. District Court for the Western District of Texas, alleges ZachXBT defamed MachiBigBrother, “inflict[ing] serious reputational and monetary harm” on him. ZachXBT faces one count of libel and one count of libel per se, according to the complaint. Source
The Great Battle of Asset Classification – Blockchain News, Opinion, TV and Jobs
Guest post by Giovanni Populo The SEC has charged two major cryptocurrency exchanges: Binance and Coinbase. A common charge between both exchanges is that they offered unregistered securities on their platforms. 1.1 Security vs. Commodity Securities and commodities are financial assets, differentiated by their features/characteristics, as well as legal rulings that set precedents for future references. While securities represent an investment with an expectation of profit, commodities are basic goods with value derived from their inherent properties and usefulness. A security is a financial asset that represents an investment and has an…
Zachari Saltmer, One Big Fund co-founder, decodes blockchain innovation and venture capital
We’re excited to introduce Zachari Saltmer. His peers call him Zatoshi. He is a co-founder and fund manager at One Big Fund. Saltmer has years of experience collaborating with industry leaders as an expert in digital ledger technologies like blockchain. He also brings insights into how innovation impacts businesses. Discussing the blockchain industry’s future and challenges with Saltmer is an honor. He can tell us how blockchain innovators can approach venture capital funding in today’s age and time. Let’s begin. Hello! Welcome to crypto.news. Thanks for joining us. Please tell…
Blockchain Anti-Counterfeiting Trials ‘Promising,’ Europe’s EUIPO Says
EUIPO has finalized a proof of concept “having engaged in real-life operational tests with four brands, two logistics operators and a customs authority,” following a months-long trial, which showed “promising results,” the agency said of an initiative now known as European Logistics Services Authentication (ELSA), based on a separate project known as the European Blockchain Services Infrastructure (EBSI). Source link