Indian cryptocurrency exchange CoinDXC has announced a recovery effort after falling victim to a $44 million exploit last Friday, with the firm pledging a bounty for white hat hackers who help retrieve the stolen funds. CoinDXC’s internal accounts used for “liquidity provision” were exploited on Friday, leading to $44 million worth of cryptocurrency being stolen,…
Chinese blockchain Conflux announced the third version of its public network and introduced a new stablecoin backed by the offshore Chinese yuan. According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference held over the weekend. At the event, Conflux unveiled a partnership with fintech firm…
Ether lost forever due to user errors and bugs has climbed to 913,111 ETH — around 0.76% of the current circulating supply, according to Coinbase’s head of product, Conor Grogan. Grogan shared the estimate on X on Sunday, noting that the lost Ether (ETH) due to human error and bugs now accounts for more than…
A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether (ETH) yield, it announced on Monday. It is co-founded by Andrew…
Blockchain-based investment products and compliance tools are poised to become more than 10 times faster and cheaper than traditional finance (TradFi) offerings, spurring increased digital asset adoption among financial institutions. Traditional financial compliance products are often fragmented and expensive due to complex manual processes, resulting in billions of dollars in costs for institutions. “Compliance is…
The US Securities and Exchange Commission (SEC) met with industry players to discuss a token standard that could support the compliant issuance and transfer of tokenized securities. The SEC’s Crypto Task Force met with Ethereum-aligned organizations last Thursday, including the ERC-3643 Association, Chainlink Labs, the Enterprise Ethereum Alliance and Linux Foundation (LF) Decentralized Trust. During…
Ethereum core developers have tentatively chosen November to release the protocol’s next major hard fork, called Fusaka, aimed at making the network more efficient and scalable. Meanwhile, feature upgrades in the Glamsterdam hard fork, the next upgrade after Fusaka, are set to be confirmed on Aug. 1. The Ethereum community has been pushing for more…
Ethereum core developers have tentatively chosen November to release the protocol’s next major hard fork, called Fusaka, aimed at making the network more efficient and scalable. Meanwhile, feature upgrades in the Glamsterdam hard fork, the next upgrade after Fusaka, are set to be confirmed on Aug. 1. The Ethereum community has been pushing for more…
Investors are rushing back into non-fungible tokens (NFTs) after a massive single-day “sweep” of blue-chip NFTs on Sunday, propped up by a crypto market rally. CoinGecko data shows the largest NFT collection by market cap, CryptoPunks, experienced a 15.9% spike in its floor price from 40.9 Ether (ETH) to 47.50 ETH, worth over $179,000, with…
Consensys, the blockchain firm behind MetaMask, has confirmed it will be “imminently” releasing a fix for its MetaMask browser extension after users reported it has been writing hundreds of gigabytes of data per day into their solid-state drives, potentially shortening their lifespan. Speaking to Cointelegraph, a Consensys spokesperson confirmed there has been “usually high disk…