Cryptocurrency Analysis and News Portal
"It [AlgoKit] brings some of the most desirable Web2 UX features into the Algorand ecosystem, making it extremely easy to onboard and start building on blockchain quickly," said John Woods, chief technology officer, Algorand Foundation, in the statement. Source
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The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M. According to reports, developers behind crypto lender Kokomo used Wrapped Bitcoin (wBTC) to perpetuate a $4 million exit scam. A CoinDesk report alleges developers pulled off the scam
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All social media presence was deleted and Kokomo tokens fell 95%. Source
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A U.S. lawmaker has introduced the Blockchain Regulatory Certainty Act to ensure that developers and non-custodial service providers in the crypto space are not considered money transmitters and are not subject to the same level of regulation as custodial cryptocurrency exchanges. “The longer we delay providing this commonsense clarification, the
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The next major line of defense is proper code auditing. This can’t merely be internal auditing done by the developers themselves. Instead, third-party services need to be employed that publish complete and transparent reports on any and all issues found within the code. These audits also need to be performed
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A target date for the highly anticipated Shanghai hard fork has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16.Initially estimated for late March, the Shanghai mainnet upgrade features five Ethereum Improvement Proposals (EIPs), including
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The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue for the voiding
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The newest version of ChatGPT has caused a stir online, scoring high marks for SAT tests and highlighting vulnerabilities and exploits in Ethereum smart contracts.GPT-4 is the latest version of the highly influential artificial intelligence (AI) language model, boasting ‘human-level performance on various professional and academic benchmarks,’ according to its
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The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents have expressed
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Polygon ID developers have released four new tools for their decentralized identity infrastructure. In a tweet on Mar. 5, Polygon said these tools would allow for building a more equitable internet with identity at the center. Polygon ID uses zero-knowledge (ZK) proofs, allowing users to verify their identity trustlessly without revealing their personal information. This
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