Tag: Key

CertiK blames zkSync’s MerlinDEX hack on private key management issue 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CertiK has attributed the over $1.82 million loss suffered by zkSync-based decentralized exchange, MerlinDEX, to a private key management issue rather than an exploit by bad actors. CertiK conducted an audit on MerlinDEX’s smart contracts before the incident. MerlinDEX, a zkSync-based platform is the latest decentralized finance protocol to lose the funds in its liquidity pool. The decentralized exchange (DEX) lost over $1.82 million during the early hours of April 26. So far, there have been…

Days after Shanghai, Ethereum developers readying for key EIP and Deneb upgrade

Over a week after implementing the Shanghai upgrade, Ethereum developers have set their eyes on the subsequent code changes affecting both the network’s execution layer (EL) and consensus layer (CL). Ethereum is undergoing a series of upgrades to improve its scalability, security, and functionality, and the latest upgrade, Shanghai, was activated on April 12. It introduced several code changes to the blockchain’s execution layer for processing transactions and smart contracts. According to Ethereum researcher Christine Kim, Ethereum developers are not resting on their laurels and have already begun plotting the…

Dogecoin price limps below a key support after Dogeday turns into a sell-the-news event

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Dogecoin suffered a big blow on April 20, popularly known as “Dogeday” thanks to the failed test launch of SpaceX’s Starship rocket and downturn in the broader crypto market.  The SpaceX rocket, which featured the Dogecoin mascot on its side, disintegrated four minutes after its launch. Still, the company’s employees including Elon Musk cheered the failure as they expressed optimism for another test in coming months. The move comes within a fortnight of Musk’s recent stunt when he momentarily changed Twitter’s logo to the Dogecoin mascot. The launch had built…

Bitcoin at key point with BTC price at $28.8K — Bollinger Bands creator

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Bitcoin (BTC) fell below $29,000 into April 20 as bulls faced a battle for ground reclaimed in March. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Will $30,000 become Bitcoin’s latest “Bart Simpson”? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,800 on Bitstamp. Earlier wicks below $28,600 were quickly bought up, but Bitcoin still threatened to flip $29,000 to resistance on the day, as traders eyed a crucial support zone. $BTC / $USD – Update On support now, so I am scalping a long while we remain…

Decentralized science is key to fixing academic research

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Academia and science are both in the throes of a crisis, marked by several inefficiencies directly impacting our scientific prowess and research capabilities. The subject of stagnation within universities and academic institutions is taboo, and there is no place in this system for dissenting intellectuals who challenge the status quo or the quality of scientific research. Decentralized science (DeSci) aims to disrupt these systems for good reason. DeSci paired with blockchain technology has the potential to upend existing funding schemes and enhance collaboration between stakeholders in scientific endeavors. Access to…

Quantum vs. cloud computing: Key differences?

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Cloud computing — or “the cloud” — is an application-based software that distributes computing services throughout the internet, utilizing third-party servers, storage, databases, networking, software, analytics and intelligence to store and process data.  Before cloud computing, businesses had to buy and maintain their own servers containing enough space to prevent downtime and outages and manage peak traffic volume. Still, a lot of server space often went unused, wasting money and resources. The cloud computing ecosystem allows organizations to employ a more efficient and cost-effective solution without requiring expensive hardware, private…

BTC price targets see $33K next as Bitcoin eyes key resistance flip

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Bitcoin (BTC) preserved new ten-month highs at the April 14 Wall Street open as analysts kept hoping for further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 revealed as make-or-break trend line Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating around $30,700 after spiking past the $31,000 mark. The pair saw no major retracement as it headed further into ground it originally lost in June 2022. Now, market participants eyed the potential for bulls to capitalize on existing momentum with the help of positive macro trends. United…

Cryptocurrency Market Tumbles as Bitcoin Falls Below Key $30K Mark

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Bitcoin and other cryptocurrencies faced a decline in the last 24 hours, with Bitcoin falling under $30,000, leading to an overall market capitalization decline of 1.2%. Ethereum saw the largest drop among largest tokens, trading just over $1,860. Liquid staking tokens were also affected, with Lido’s IDO governance tokens and Rocket Pool’s RPL dropping 10% and 8%, respectively, media reports said. The decline in prices was likely due to traders taking profits ahead of two significant events that are set to happen on Wednesday: The U.S. Consumer Price Index (CPI)…