Tag: Devs

Core introduces first Revenue-Sharing Model for Devs, Stablecoin Issuers

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The Core Foundation, the organization behind the Core blockchain, is launching a new revenue-sharing mechanism for the Web3 industry intended to shake up how stablecoin issuers and developers raise funds. Rev+ claims to be the first protocol-level program that directly rewards developers, stablecoin issuers and decentralized autonomous organizations (DAOs) based on their created user value. Once launched, it will allow projects to earn revenue from user-generated gas fees on their blockchain applications. It could provide a sustainable revenue stream for developers, who were previously forced to launch cryptocurrencies to raise…

Fake JD stablecoins, scammers impersonate Solana devs: Asia Express

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All JD stablecoins today are scams All services claiming to offer access to JD.com’s stablecoin are fraudulent, the Chinese e-commerce giant said in a statement posted on Weibo, a microblogging platform. JD.com said entities are misleading the public by claiming to have partnered with its Hong Kong subsidiary, JD CoinLink. The company emphasized that it has not issued a stablecoin at this point or formed any such partnerships. Fraudulent campaigns are emerging in parallel, according to multiple WeChat accounts warning against stablecoin scams. Fraudulent campaigns are promising users 5,000 JD.com…

Devs accuse colleagues from Bitcoin Core of being rogue over the plans to remove the spam filter from Bitcoin

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The validity of most blocks is confirmed using the Bitcoin Core client. No wonder developers working on Bitcoin Core have some influence on Bitcoin per se. Lately, they have been pushing to remove limits on arbitrary data from blocks (non-monetary data, such as text messages, pictures, and more). Despite the backlash from the Bitcoin community, the Bitcoin Core developers pushed for implementation, arguing with their peers. Citrea is named as the implementation’s stakeholder. What exactly Bitcoin Core is going to change? Bitcoin Core will remove OP_RETURN in the next version,…

Tornado Cash dev’s attorneys say prosecutors hid exculpatory evidence

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Attorneys for Tornado Cash developer Roman Storm filed a motion asking the court to reconsider the motion to dismiss the case due to the prosecution withholding exculpatory evidence in the form of communications with the Financial Crimes Enforcement Network (FinCEN) dating back to 2023. According to a May 16 letter from Storm’s attorneys to Judge Katherine Polk Failla, the FinCEN documents show that non-custodial crypto mixers do not fall under the legal definition of a “money transmitting business” and that prosecutors have known this since at least 2023. Despite having…

Zerebro dev’s death in question as ‘proof’ surfaces on X

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Members of the crypto community are circulating apparent “proof” that Zerebro developer Jeffy Yu faked his suicide as he promoted his new memecoin during a Pump.fun livestream on May 4. The belief appears to come from an unverified private letter supposedly sent by Yu to a Zerebro investor, trading activity linked to crypto wallets owned by Yu, and the removal of his obituary from Legacy.com. Others speculate that Yu used a tool to pass off a pre-edited video as if it were filmed in real-time during the Pump.fun livestream. Source:…

Solana Devs Patch Critical Bug — Will SOL Price Rebound

Key Notes Despite no reported exploits, the Solana Foundation faced community criticism for its private communication with validators during patching. After a 20% recovery in April, SOL price is consolidating near $150 and targeting a rally to $200 and beyond. Solana has achieved significant milestones, with meme coin trading boosting the blockchain’s revenue. Developers and validators at the Solana Foundation have fixed a critical bug that allowed attackers to potentially mint certain tokens on the blockchain and even withdraw them from user accounts. Despite consolidation under $150 over the past…

Solana devs fix bug that allowed unlimited minting of certain tokens

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The Solana Foundation has confirmed that a zero-day vulnerability that allowed an attacker to potentially mint certain tokens and even withdraw those tokens from user accounts has been fixed.  A May 3 post-mortem from the Solana Foundation said that the security vulnerability, first discovered on April 16, could have allowed an attacker to forge an invalid proof affecting Solana’s privacy-enabling “Token-22 confidential tokens.” There is no known exploit of the vulnerability, and Solana validators have since adopted the patched version, the foundation said. Solana zero-day security bug affected Token-22 confidential…

Devs introduce Ethereum R1 layer-2 scaling solution

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A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token. According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project’s team wrote in a May 1 X post: “General-purpose L2s should be commodities — simple, replaceable, and free from centralized dependencies or risky governance. Ethereum R1…

Crypto group asks Trump to end prosecution of crypto devs, Roman Storm

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The crypto lobby group, the DeFi Education Fund, has petitioned the Trump administration to end what it claimed was the “lawless prosecution” of open-source software developers, including Roman Storm, a creator of the crypto mixing service Tornado Cash. In an April 28 letter to White House crypto czar David Sacks, the group urged President Donald Trump “to take immediate action to discontinue the Biden-era Department of Justice’s lawless campaign to criminalize open-source software development.”  The letter specifically mentioned the prosecution of Storm, who was charged in August 2023 with helping…

North Korean hackers set up 3 shell companies to scam crypto devs

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A subgroup of the North Korea-linked hacker organization Lazarus set up three shell companies, two in the US, to deliver malware to unsuspecting users. The three sham crypto consulting firms — BlockNovas, Angeloper Agency and SoftGlide — are being used by the North Korean hacker group Contagious Interview to distribute malware through fake job interviews, Silent Push Threat Analysts said in an April 24 report. Silent Push senior threat analyst Zach Edwards said in an April 24 statement to X that two shell companies are registered as legitimate businesses in…