Massive discount fee exploit discovered in DeFi protocol DittoETH patch
A ‘warden’ of the platform discovered that an attacker could mint massive amounts of tokens by forcing token prices to diverge from their oracle prices.
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The life cycle of smart contracts in the blockchain ecosystem
Smart contracts are essentially programs that run when specific criteria are satisfied and are maintained on a blockchain. Smart contracts are usually used to automate the execution of an agreement so that all parties can be sure of the decision right away, without intermediaries or wasting time. They can also automate a workflow, starting when…

Damien Hirst’s ‘Currency’ NFT drop more than 6X oversubscribed
Collectors will now have to seek out Damien Hirst’s NFTs on secondary markets after the drop was oversubscribed by more than six times. Leading contemporary artist Damien Hirst’s NFT drop dubbed “The Currency” has been oversubscribed by more than six times. The Currency drop consists of 10,000 unique colorful dot pattern artworks with a corresponding…

$1 million rock NFT sells for a penny in all ore nothing error
A simple mistake led one crypto user to sell his precious rock NFT for 444 WEI instead of 444 ETH, a tenth of a penny rather than $1.2 million. 46 Total views 2 Total shares It's a hard rock life for one crypto user. A clumsy keystroke and the actions of a sniper bot caused…

Bitcoin Price Ping Pong Within Tighter Range Hinting at $8.5K Next
The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has seen a spike towards $10,500 before the halving took place on May 11. However, the price of Bitcoin has been having problems since the halving and is currently showing more signs of weakness.On the other hand, altcoins have been starting to show signs…

Huobi Token Approved in Japan As Regulators Improve Protections
Huobi Token has become the first international exchange token approved in Japan, as regulators tighten up protections for crypto investors. 518 Total views 24 Total shares Huobi Token has become the first international exchange token approved by Japanese regulators, after the Financial Services Agency (FSA) approved HT as a compliant crypto asset able to trade…

Bybit secured UAE in-principle approval days before $1.4B hack
Troubled cryptocurrency exchange Bybit is making preparations for a full operational license in the United Arab Emirates (UAE) after recently suffering a $1.4 billion hack. Bybit received in-principle approval to set up a virtual asset platform operator in the UAE from the Securities and Commodities Authority (SCA), the exchange announced on Thursday, Feb. 27. The

Shanghai Man: Hack of little-known Poly Network highlights East-West crypto divide
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. After ThorCHAIN and Chainswap were exploited, it’s safe to say that hacking cross-chain bridges seems to be the style of the season. This week,…

Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC
A Redditor and member of the r/CryptoCurrency community is claiming to be up 25% or $19,500, after taking out three personal loans worth a combined $59,000 to buy Bitcoin (BTC) over the past 18 months. According to the Redditor, whose account is crudely named “Vaginosis-Psychosis,” they now have a total of 2.65 BTC, which is…