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Valkyrie backtracks on Ether futures contract purchases until ETF launch

Asset management firm Valkyrie has said it will hold out for the United States Securities and Exchange Commission (SEC) to approve an exchange-traded fund, or ETF, with exposure to Ether (ETH) futures rather than making purchases in advance.In a Sept. 29 filing with the SEC, Valkyrie said it will not

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Lido assures LDO, stETH tokens remain safe despite flaw in token contract

Ethereum staking protocol Lido Finance has assured both Lido DAO (LDO) and staked-Ether (stETH) tokens remain safe despite hackers allegedly exploiting a known security flaw in LDO’s token contract.Lido didn’t confirm any exploits, but acknowledged the security flaw was known and reassured LDO and stETH funds remain safe in response

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Binance creates smart contract to refund users affected by $3M rug pull

Crypto exchange Binance has created an automated smart contract to reimburse users following the events of the Xirtam rug pull.According to a Sept. 6 announcement, users affected by the Xirtam rug pull can receive their money by connecting their wallets to Etherscan, passing a verification check and calling the claim function

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EU Data Act smart contract ‘kill switch’ brings uncertainty

On June 28, the European Council and Parliament achieved a political consensus on the Data Act, which moves the legislation regarding non-personal data closer to fruition.Thierry Breton, European Union commissioner for the internal market, described the agreement in an X post as a “milestone in the reshaping the digital space.”Another

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Cube3.ai Emerges From Stealth With $8.2M Seed Funding for Smart Contract Security

“On behalf of our clients, we equip decentralized applications and smart contracts to identify exploits, and then to decline exploits as they are being proposed,” said Gravrock in an interview with CryptoX. “It means contracts and applications can carry on processing legitimate transactions, so it’s a bit like a guardian

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Cypher Protocol freezes smart contract after an estimated $1M exploit

Solana-based decentralized futures exchange Cypher Protocol halted its smart contract after an estimated $1 million exploit.On Aug. 7, Cypher alerted its 13,500 followers on X (formerly known as Twitter) that it had experienced a security incident and had thus frozen its smart contract.The team added it is investigating the cause

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Google accused of illegally terminating contract staffers who worked on AI

Google and Accenture, who have a joint business venture, are being accused by the Alphabet Workers Union of being in violation of federal labor laws in the United States, according to a Bloomberg report. The union claims that Alphabet Inc. acted against a law that prohibits retaliation against employees for organizing,

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