EigenLayer says $5.7M hack ‘isolated’ incident, no vulnerability on protocol

Decentralized finance (DeFi) protocols could soon emerge as the world’s dominant liquidity pool if scaled effectively, according to Alex Batlin, the founder and CEO of cryptocurrency custody platform Trustology.Cointelegraph spoke to Batlin — also a co-founder and board member of the Enterprise Ethereum Alliance — at the recent BlockDown 2020 conference to discuss the outlook…

Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in March, 2020.The real question is whether it’s the start of a larger downturn or if there will be a significant bounce-back as in 2020 that led to an extended bull…

The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030. This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an…

New York Attorney General Letitia James has issued an investor alert against "risky cryptocurrency investments," citing the assets' volatility. 504 Total views 11 Total shares As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto. In an investor alert published Thursday, New…

With so many struggling to maintain emotional well-being during this crypto winter, self-improvement and mental health experts can help navigate the ups, downs and soul-shattering experiences that a long-term bear market can bring. Mental health professional Elizabeth Sterbenz and wellness thought leader Srikumar Rao discuss with Magazine how to cope with the depreciation of crypto…

Ubisoft, the game development giant behind the videogame Assassin’s Creed, partnered with EOS-based game distribution platform Ultra.According to a press release shared with Cointelegraph on Nov. 21, Ubisoft will be a corporate block producer on the testnet version of Ultra’s EOS sidechain, dubbed UOS. As such, the company will help maintain the network and approve…

Learn about the devastating “infinite mint attack” in cryptocurrency. Understand how hackers exploit vulnerabilities to create unlimited tokens, causing massive inflation and price crashes.

The widow of QuadrigaCX founder Gerald Cotten, Jennifer Robertson, is handing over $9 million in assets to the users of the now-defunct crypto exchange.Robertson returns most of her assetsOn Oct. 7, Robertson announced in a personal statement, posted by Coindesk, that she would be transferring the vast majority of estate assets — previously valued at about $9 million — to…

Blockchain firm Elrond has invited hackers to attack its network during the upcoming incentivized stress test. 799 Total views 40 Total shares Blockchain firm Elrond has invited hackers to attack its network during the upcoming incentivized stress test.According to an announcement on June 2, the upcoming Elrond incentivized stress test will include a variety of…