Tuesday, October 4, 2022
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Ethereum Merge makes network more vulnerable to attack — Security expert

Despite the Ethereum Merge being touted as a major upgrade to the blockchain network, its transition to proof-of-stake theoretically makes it more vulnerable to exploit.Speaking to Cryptox, the security researcher explained that unlike proof-of-work (PoW) systems, a proof-of-stake (PoS) system informs node validators in advance what blocks they will validate,

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MakerDAO co-founder recommends DAI-USD depegging to limit attack surface

In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).In his blog post, “The Path of

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Bitcoin whales attack sellers at $22.3K as euro drops below USD parity

Bitcoin (BTC) drifted near $21,000 on the Aug. 22 Wall Street open as the new week began without a rebound.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewEuropean commodity surge hammers euroData from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to summon a comeback after last week’s 11.6% losses.The pair put

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Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack – Bitcoin News

Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9. Binance Boss Says Exchange Froze 83% of the Curve Finance Hack Funds, Domain Provider

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