⛔️ Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The exploit allowed the hacker to mint more than 1.2 billion aUSD, the project’s stablecoin.
Shortly after the hack, the Acala team updated users on Twitter, noting that the exploit originated from a “misconfiguration of the iBTC/aUSD liquidity pool.” The misconfiguration has now been rectified, according to the project.
@DeCenterOrg
Shortly after the hack, the Acala team updated users on Twitter, noting that the exploit originated from a “misconfiguration of the iBTC/aUSD liquidity pool.” The misconfiguration has now been rectified, according to the project.
@DeCenterOrg
🐋 Ethereum giant whale is active again after nearly 3 years of dormancy. Since yesterday, a total of 145 000 ETHs have been transferred out and distributed to multiple wallets.
The initial source of ETH for this whale was to participate in the Ethereum Genesis ICO, and a total of 150 000 ETH was obtained, of which 5 000 ETH was transferred out to the Bitfinex3 exchange address on July 31, 2019 (ETH = $219).
@DeCenterOrg
The initial source of ETH for this whale was to participate in the Ethereum Genesis ICO, and a total of 150 000 ETH was obtained, of which 5 000 ETH was transferred out to the Bitfinex3 exchange address on July 31, 2019 (ETH = $219).
@DeCenterOrg
🕵️♂️ Chainalysis report: Through July 2022, $1.9 billion worth of cryptocurrency has been stolen in hacks of services.
So far in 2022, North Korea-affiliated groups have stolen approximately $1 billion of cryptocurrency from DeFi protocols.
@DeCenterOrg
So far in 2022, North Korea-affiliated groups have stolen approximately $1 billion of cryptocurrency from DeFi protocols.
@DeCenterOrg
⚒ Chinese mining giant Canaan doubles profits despite the blanket crypto ban
Canaan officially announced financial results for the second quarter of 2022 on Thursday, reporting a 117% increase in gross profit from the same period of 2021. According to the firm, the Q2 profits amounted to 930 million renminbi (RMB), or nearly $139 million.
The company’s Q2 net income was 608 million RMB, or $91 million, or a 149% increase from 425 million RMB in the same period last year. Canaan noted that foreign currency translation adjustment in Q2 was an income compared to previous losses due to the U.S. dollar appreciation against RMB during Q2.
@DeCenterOrg
Canaan officially announced financial results for the second quarter of 2022 on Thursday, reporting a 117% increase in gross profit from the same period of 2021. According to the firm, the Q2 profits amounted to 930 million renminbi (RMB), or nearly $139 million.
The company’s Q2 net income was 608 million RMB, or $91 million, or a 149% increase from 425 million RMB in the same period last year. Canaan noted that foreign currency translation adjustment in Q2 was an income compared to previous losses due to the U.S. dollar appreciation against RMB during Q2.
@DeCenterOrg
🧬 In the Ethereum Core Devs Meeting today a final mainnet TTD of 58750000000000000000000 was confirmed.
This means the Ethereum Merge will officially go live in ~28 days around September 15th.
@DeCenterOrg
This means the Ethereum Merge will officially go live in ~28 days around September 15th.
@DeCenterOrg
⛔️ Bitcoin ATM manufacturer General Bytes had its servers compromised via a zero-day attack on Aug. 18, which enabled the hackers to make themselves the default admins and modify settings so that all funds would be transferred to their wallet address.
The hack was confirmed by General Bytes, which owns and operates 8827 Bitcoin ATMs that are accessible in over 120 countries.
@DeCenterOrg
The hack was confirmed by General Bytes, which owns and operates 8827 Bitcoin ATMs that are accessible in over 120 countries.
@DeCenterOrg
💳 Mastercard: We can unlock the full potential of blockchain technology when we make it easier to access + easier to use.
One way we do that is by bringing crypto to everyday purchases. To make that a reality, we’re working with Binance to let people to use their crypto to make purchases at 90m+ stores that accept Mastercard. Launching this work in Argentina and plans to expand from there.
@DeCenterOrg
One way we do that is by bringing crypto to everyday purchases. To make that a reality, we’re working with Binance to let people to use their crypto to make purchases at 90m+ stores that accept Mastercard. Launching this work in Argentina and plans to expand from there.
@DeCenterOrg
⚒ Antpool: As ETH2.0 (The Merge) comes along with the risk of censorship among different countries, Antpool, for the sake of clients’ asset security, will not be able to maintain the user's ETH assets on the PoS chain.
@DeCenterOrg
@DeCenterOrg
💸 MakerDAO co-founder recommends DAI-USD depegging to limit attack surface
In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).
In his blog post, «The Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai», Christensen disclosed miscalculating the risks related to risk-weighted assets (RWA).
@DeCenterOrg
In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).
In his blog post, «The Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai», Christensen disclosed miscalculating the risks related to risk-weighted assets (RWA).
@DeCenterOrg
🐳 A bitcoin address that had been dormant for nearly 9 years transferred the entire balance of 5 001 BTC to a new wallet on August 28, with a floating profit of more than $96 million.
@DeCenterOrg
@DeCenterOrg
🇦🇷 Mendoza, an Argentinian province, has implemented a system that allows taxpayers to pay their taxes fully with cryptocurrencies.
The system, which was launched this week, is part of a strategic push for the modernization and digitalization of payments carried by the tax authority of Mendoza and uses the services of a third party to process the transactions.
@DeCenterOrg
The system, which was launched this week, is part of a strategic push for the modernization and digitalization of payments carried by the tax authority of Mendoza and uses the services of a third party to process the transactions.
@DeCenterOrg
👀 Number of Out of Supply Bitcoins Reaches 4.7M
While the total supply of Bitcoin is limited to 21M, the actual circulating supply will never reach this mark since some BTC are out of supply.
@DeCenterOrg
While the total supply of Bitcoin is limited to 21M, the actual circulating supply will never reach this mark since some BTC are out of supply.
@DeCenterOrg
💸 AG Karl A. Racine: Today, we’re suing Michael Saylor — a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes — for tax fraud.
@DeCenterOrg
@DeCenterOrg
🇳🇬 Nigerian authorities and Binance Holdings Ltd. are in talks to establish a digital economic zone that will help entrepreneurs fast track blockchain technology in the West African nation, “similar to the Dubai virtual free zone”.
@DeCenterOrg
@DeCenterOrg
🐳 The Bitcoin whale address transferred out 5000.01 BTC at 04:50:38 (UTC+8) on September 5th to the Kraken, which is worth about $100m now.
The wallet was created and bitcoins were transferred to this address in 2013.
@DeCenterOrg
The wallet was created and bitcoins were transferred to this address in 2013.
@DeCenterOrg
⛓ ERC-3525 proposed by Solv Protocol was approved today.
This token standard is designed to represent semi-fungible assets, which are most suited for financial instruments, such as bonds, insurance policy, or vesting plans.
@DeCenterOrg
This token standard is designed to represent semi-fungible assets, which are most suited for financial instruments, such as bonds, insurance policy, or vesting plans.
@DeCenterOrg
🧬 Ethereum activates Bellatrix upgrade as last step before The Merge
The Bellatrix upgrade was activated at epoch 144896 on the Beacon Chain at 11:34 AM UTC today. Before the Bellatrix upgrade could go through, Ethereum nodes had to update their client software versions.
While Bellatrix is not The Merge itself, it’s a necessary step to prepare Beacon Chain for the consensus switch switch. The Bellatrix upgrade was the hard fork upgrade that introduced what's called "execution payload," a parameter that’s so far been missing on the Beacon Chain. This parameter is needed for validators to start creating mainnet blocks.
The final step is called Paris, which will trigger The Merge. Beacon Chain (consensus layer) validators will take over from proof-of-work miners to start finalizing Ethereum’s mainnet blocks.
@DeCenterOrg
The Bellatrix upgrade was activated at epoch 144896 on the Beacon Chain at 11:34 AM UTC today. Before the Bellatrix upgrade could go through, Ethereum nodes had to update their client software versions.
While Bellatrix is not The Merge itself, it’s a necessary step to prepare Beacon Chain for the consensus switch switch. The Bellatrix upgrade was the hard fork upgrade that introduced what's called "execution payload," a parameter that’s so far been missing on the Beacon Chain. This parameter is needed for validators to start creating mainnet blocks.
The final step is called Paris, which will trigger The Merge. Beacon Chain (consensus layer) validators will take over from proof-of-work miners to start finalizing Ethereum’s mainnet blocks.
@DeCenterOrg
👀 Binance is launching the Binance Account Bound token, a soul-bound token used as proof of identity for Binance users who have completed KYC.
A couple of projects on BNB Chain will be introducing the BAB tokens as identity credentials to their communities.
@DeCenterOrg
A couple of projects on BNB Chain will be introducing the BAB tokens as identity credentials to their communities.
@DeCenterOrg