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In a tweet thread posted Dec. 25, the Defrost team said a first attack used a flash loan to drain funds out of its V2 product. A second larger attack used the owner key to exploit V1. The protocol, which offers leveraged trading on the Avalanche blockchain, didn’t say how
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According to the study, in many rug pull cases, the theft occurs exclusively on-chain: “The scam is encoded in the token’s smart contract, the token is traded on a decentralized exchange, and the scammer’s illicit profits are denominated in crypto, not fiat currency.” Source
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Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network’s Sota Watanabe, believe the protocol cannot “build the innovative future of blockchain alone.” In addition, some critics point to the language
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The LUNA Classic (LUNC) price has noted a fresh decline in the last 24 hours. In that time frame, the altcoin depreciated by 1%. In the past week, LUNC logged gains worth 2.5%. Much of the weekly gains have been lost due to losses on the daily chart. At the moment,
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Meta Platform’s threat to remove news from its platform is something it had actually done before.Social media and multinational tech conglomerate Meta Platforms Inc (NASDAQ: META) has threatened to pull off US-related news content from its apps if the American Congress passes the controversial Journalism Bill.Billed as a National Security
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Bitcoin was recently trading at about $18,400, a more than 11% decline over the last 24 hours. The largest cryptocurrency by market capitalization last fell below $19,000 on Oct. 21. Ether was recently changing hands a little above $1,300, off more than 16% from Monday, same time. Other major altcoins
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Avalanche price has depicted positive movement over the last 24 hours. Over the past 24 hours, the coin has appreciated by 3%. In
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“We learned a lot from our first foray into Web3, and we are excited to carry Vault’s concepts around community storytelling into future projects,” said Vault. “While we will no longer be developing or maintaining this community, the Vault NFT collections will live on.” Source
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There are decentralized autonomous organizations (DAOs) with “thousands of people with billions of dollars locked into a treasury, and the conversation that’s going on [about governance] is between, like, six people,” said Deven Matthews, who leads the Blockchain at Berkeley governance department. Original Source
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XRP is looking extremely bullish on a short-term outlook. In the long game, the timeframe charts show an incredible selling opportunity in
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