Cryptocurrency Analysis and News Portal
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims that it is assessing each impacted
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Mastercard is forming a partnership program with seven prominent blockchain and payment technology providers to “bring a greater understanding of the benefits and limitations” of central bank digital currencies (CBDCs), it announced Aug. 17. Mastercard did not share specific plans for the group, but it mentioned many current buzzwords in the
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ConsenSys has completed the launch of its Ethereum scaling rollup Linea, onboarding over 150 partners and bridging more than $26 million in Ether (ETH) to date.Linea went live with select partners onboarded to the alpha mainnet in July 2023, allowing developers to migrate existing decentralized applications (DApps) from Ethereum’s mainnet
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But, according to Dietz, he created the intellectual property that he says became MetaMask in late 2014, when he founded a project called Vapor. In his lawsuit, he accuses Davis, whom he says he hired in 2015 to help code Vapor, of betraying him and conspiring instead with Consensys. Original Source
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Blockchain technology firm ConsenSys publicly released its “Diligence Fuzzing” tool for smart contract testing, according to an Aug. 1 announcement. The new tool produces “random and invalid data points” to find vulnerabilities in contracts before they are launched.Over $2.8 billion was lost in decentralized finance hacks in 2022. According to
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The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing.Linea is an Ethereum layer-2 scaling network that allows developers to build or migrate decentralized applications for Ethereum. It operates using zero-knowledge proofs and is Ethereum Virtual Machine
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Emphasizing that ConsenSys remains “dedicated to Ethereum,” Liochon said that “by moving over activities to layer 2, we basically are able to increase, by multiple orders of magnitude, the number of people that will be able to use the network.” Source
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Account abstraction, also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys.Speaking to Cryptox, the director of strategic initiatives at ConsenSys, Laura Shi, noted that the Ethereum and Web3 ecosystem has seen a
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To execute the deal with JP Morgan, ConsenSys crafted a plan called Project NorthStar, designed in concert with the Swiss office of consulting giant PwC. Project NorthStar would call for the creation of a new Delaware C-corp called ConsenSys Software Inc (CSI) and the transfer of all major assets from
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According to a press release, over 1,800 organizations are already using Fireblocks, and their accounts will be able to connect to MMI where they can trade, borrow or invest with over 17,000 decentralized applications (dapps) such as Aave, Lido and GMX. Original Source
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