LayerZero tackles sybil activity with self-reporting mechanism
LayerZero Labs will enforce consequences for those who don’t self-report by May 17, 2024.
Related Posts


Non-Custodial Smart Wallet Seeks to Widen Access to Crypto and DeFi
A non-custodial smart wallet for both cryptocurrencies and decentralized applications (DApps) has sealed fresh funding as its attempts to challenge existing offerings in the industry.Speaking to Cointelegraph on March 9, Itamar Lesuisse, the co-founder and CEO of the wallet’s developer, Argent, revealed that the London-based startup had raised $12 million in a Series A led…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 19
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.Retail investors tend to run for cover when the market…

Palau partners with Soramitsu on blockchain-based bond platform
The Pacific island nation, with a population of 18,000, is a leader in the implantation of blockchain technology.

Publicly recanted! Luminaries who came to terms with crypto in 2020
Humans, being only human, tend to hang on to their cherished beliefs — even in the face of overwhelming contradiction. That’s why recantations — that is, public acts of refuting a previously held opinion — are so rare. This year, however, has presented several notable changes of heart where Bitcoin (BTC) and other cryptocurrencies were…

User loses $32 million spWETH in a sophisticated phishing attack
According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024, losing funds as a result.

Paxful co-founders’ litigation cites misappropriation of funds, money laundering, U.S. sanctions evasion
A bitter dispute between Paxful’s co-founders, Artur Schaback and Mohamad (Ray) Youssef, in Delaware's courts may have been the real reason behind the Bitcoin marketplace’s sudden closure on April 4. Schaback and Youssef, who started Paxful in 2015 with a shared passion for Bitcoin (BTC), are now litigating the company’s control, with several accusations against each other,…

DeFi Project Backed by Polychain and DragonFly Capital Shuts Down
Decentralized finance project Paradigm Labs — backed by veteran crypto investors Polychain Capital, Dragonfly Capital, and Chapter One Ventures — is shutting down.In an announcement yesterday, March 10, CEO and co-founder Liam Kovatch said the closure was due to Paradigm’s “failure to carve a viable niche in the DEX [decentralized exchange] marketplace” and to factors…

How Global Stablecoins Can Promote Financial Stability in the World
In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins. While acknowledging the potential for enhanced payments efficiency, reports from the Bank for International Settlements, the United States Federal Reserve and, most recently, from the Financial Stability Board all emphasize numerous risks…