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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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Sweezey told CryptoX that in his new role at Smart Token Labs, he hopes to highlight how smart tokens can help onboard more users to Web3 by removing the technical barriers to entry, such as opening a crypto wallet. He explained that smart tokens can live on or off-chain, in
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Trust — white hat hacker and head of smart contract auditing firm Trust Security — shed some light on a peculiar feature of the smart contract powering PayPal’s new stablecoin PYUSD. In a recent tweet, Trust pointed
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“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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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cypher Protocol, a decentralized futures exchange on the Solana (SOL) blockchain, has halted its smart contract in the wake of an estimated $1 million exploit. On Aug. 7, Cypher Protocol announced on X that it had frozen
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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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The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds. 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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Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption.Being overzealous about any kind of innovation can also contribute to its stalling, or even failure if other factors don’t align. The
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The BNB Smart Chain (BSC) has reportedly suffered copycat attacks due to a vulnerability in the Vyper programming language, following a similar vein to the exploit on the decentralized finance (DeFi) protocol Curve Finance.Amid the exploits carried out on Ethereum, Blockchain security firm BlockSec tweeted on July 30 that around
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