Adam Back slams ‘EVM mis-design’ as root cause of Bybit hack

Uncertainty about crypto regulation can engender internal disagreement even within seemingly monolithic governments. 177 Total views 2 Total shares One of the most fascinating implications of the collision between traditional political institutions and the crypto space is how it can reveal the glaring lack of cohesion within power systems that otherwise look monolithic. Digital assets…

Margin trading allows investors to borrow stablecoins or cryptocurrency to leverage their position and improve the expected return. For example, borrowing Tether (USDT) will allow one to buy Bitcoin, thus increasing their Bitcoin (BTC) long position in. Investors can also borrow BTC to margin trade a short position, thus betting on price downside. This is why…

Nomad announced that it’s offering up to a 10% bounty to return funds stolen from the recent hack on the Nomad bridge on Aug. 2. 190 Total views 4 Total shares Nomad announced a bounty of up to 10% for the return of the stolen funds from the Nomad bridge. In a website announcement and…

Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000.After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a lot to live up to as signs of a halving cycle peak remain nowhere to be found.With Wall Street set to return after…

Troubled cryptocurrency fintech Yuga Labs is about to face more lawsuits in relation to its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC) and other projects.Rosen Law Firm, a global law firm focused on investor rights’ protection, announced on Jan. 30 that it’s planning to file a class action lawsuit against Yuga Labs. Rosen invited…

A new legal initiative in Australia wants to allow DAO project governors to contract with other legal entities through DeFi tools. 14 Total views 1 Total shares Specialists and lawyers focused on decentralized finance (DeFi) are launching an initiative to create a new type of legal entity in Australia representing decentralized autonomous organizations (DAOs).The country's…

The United States Securities and Exchange Commission (SEC) has charged Eran Eyal, the founder Shopin, with orchestrating a fraudulent initial coin offering (ICO).In a press release on Dec. 11, the SEC alleged that the businessman and his company defrauded hundreds of investors in an ICO that raised more than $42 million from August 2017 to April…

Cardano’s newest hard fork is the blockchain's most significant update since adding smart contract functionality last September. 733 Total views 32 Total shares After several months of delays, the Cardano Vasil upgrade and hard fork has finally gone live as of Thursday at 9:44 pm UTC, bringing “significant performance and capability” enhancements to the blockchain.The…

Juan Agustín D’Attellis Noguera publicly supported Sergio Massa in promoting a central bank digital currency as a remedy for the national economy. 246 Total views 6 Total shares Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina, the country’s central bank, publicly supported the Minister of Economy Sergio Massa in his promotion