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Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional traders to swap tokens without first depositing them on the exchange. Fireblocks claimed this system would help to
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While the development of artificial general intelligence (AGI) comes with a truckload of benefits, it also comes with massive risks if the technology falls into the wrong hands. However, decentralization using blockchain technology might help prevent a catastrophe, according to Janet Adams, chief operating officer of the artificial intelligence and
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Smart contracts, the self-executing code on blockchain platforms, have transformed industries by automating processes and enabling trustless transactions. However, their complexity can also make them susceptible to vulnerabilities that could be exploited by malicious actors. This article will delve into five common smart contract vulnerabilities, explore their potential impacts, and provide
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Curve has faced multiple setbacks, such as the Conic, JPEG’d, and Curve hacks, which have impacted its total value locked (TVL) and caused ripple effects on the price and liquidity of CRV tokens. As a result,
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Crypto losses to bad actors have significantly increased in the last two years, but cybersecurity experts believe there is no cause for concern, as most new tech is exploited during the early days of its use. According to blockchain security firm CertiK’s annual Web3 security report for 2022, malicious actors drained
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Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent “force majeure” incident impacting Multichain, as well as the stability concerns surrounding anyUSDC, Fantom's main USDC asset. To address these concerns and safeguard the ecosystem, Stargate has introduced a comprehensive proposal and initiated a single-choice voting system for risk mitigation
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Here Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint Source
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Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more traditional financial institutions on board once
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There are various security vulnerabilities associated with using cryptocurrencies as payment methods, including the possibility of theft, hacks and fraud. For instance, hackers can take advantage of flaws in exchanges, wallets and transactions. Additionally, consumers who are the targets of scams or fraudulent transactions have little redress because cryptocurrency
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In the event of unforeseen market conditions, Mango's security council can put the protocol into "post-only mode" to limit deposits, buys, borrows and position increases. The decentralized autonomous organization (DAO) can then vote on whether to halt trades, force settlement or updating risk parameters. Original Source
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