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EraLend, a cryptocurrency lending protocol, was victimized by a re-entrancy attack, leading to substantial losses of $3.4 million.
The project's team confirmed via Twitter that the threat has been contained, and all loan transactions have been halted. As a precautionary measure, it's currently recommended to avoid making USDC deposits.
FTX, the prominent cryptocurrency exchange, was recently embroiled in controversy when court documents revealed a plan devised by Gabriel, the younger brother of FTX's CEO, SBF. According to the documents, Gabriel aimed to utilize FTX clients' funds to purchase the entire country of Nauru.
The idea was to transform Nauru into a post-apocalyptic sanctuary, complete with a highly secretive laboratory for conducting human genetics experiments and other projects. Who needs a private island when you can have a whole sovereign nation, right?
The court documents further detailed instances of transactions involving the founder's family, including those that have been previously disclosed.
While the idea of buying a nation for such purposes seems like something out of a sci-fi movie, it underscores the madness that was going on inside the FTX. Exploring Robot Cache: AMD's Blockchain Game Marketplace
AMD is in the final stages of testing its blockchain-based marketplace, Robot Cache. This innovative platform gives gamers not just the option to purchase but also resell their games after they're done playing. In addition to fiat, Robot Cache allows transactions in its native coin, IRON, which users can acquire through various loyalty programs. Hive (HIVE): A Hard Fork of the Steem Blockchain
Hive is a scalable, L1 blockchain employing a Delegated Proof of Stake consensus algorithm. Constructed upon the Graphene blockchain software architecture, Hive can process transactions within a swift three-second window and takes pride in its minimal fees. Introducing a New Solution for DeFi Protocol Protection
In a bid to shield the Decentralized Finance (DeFi) ecosystem from security breaches, a collective of Ethereum enthusiasts has put forward a novel standard named ERC 7265. The standard would integrate a "circuit breaker" functionality into DeFi smart contracts, empowering them to promptly halt token transactions in the face of a hack or security anomaly. Celsius: SEC Darling to Debt Abyss!
Celsius Network, launched in 2017, was a crypto lending platform that adhered to SEC regulations. It enabled users to borrow cryptocurrencies and earn revenue from deposits. The native CEL token facilitated transactions and rewarded liquidity. With $903.8 million in funding, it was a promising venture.
The IMF, in an article addressing CBDCs and cryptocurrencies in Latin America and the Caribbean, acknowledges, "While a few countries have completely banned crypto assets given their risks, this approach may not be effective in the long run."
Interestingly, the article places more emphasis on the benefits of Central Bank Digital Currencies (CBDCs) rather than cryptocurrencies, while also highlighting potential problems linked with digital assets.
Furthermore, the IMF recommends improving transparency by including cryptocurrency transactions in national data records. Kyber Network Crystal and KNC Token: A Comprehensive Review
Kyber Network Crystal acts as a cross-chain liquidity aggregator, facilitating fast swap transactions for DeFi. Thanks to the Kyber Network, users of dApps, DEX, and DeFi solutions can tap into a multitude of liquidity pools to exchange assets with minimal fees.
The Solana Foundation has released a report emphasizing enhanced performance metrics of its blockchain. These cover a range of aspects, including block time, TPS, and network uptime.
Solana experienced only one outage in Q1 2023. Since February 25, the network has been running seamlessly.
According to Dune Analytics, Solana can handle around 3780 transactions per second. The Mantle Network is now live on mainnet
The Ethereum-compatible Mantle Network, a Layer 2 blockchain solution, has initiated its alpha mainnet launch at the Ethereum Community Conference in Paris. Following a period of extensive testing and development over six months, the network accomplished over 14 million on-chain transactions. 0x & ZRX: The Secret Sauce of Decentralized Trading
0x offers a novel approach to digital asset trading. This self-governed protocol enables Ethereum-based transactions, free from centralized mediators. ZRX, its native token, empowers holders with governance rights and staking opportunities. Check out our just-in for more riddles for 0x! South Korea Requires Crypto Companies To Disclose Holdings
In a bid to enhance transparency in the realm of virtual asset transactions, South Korea has implemented new regulations that mandate crypto companies to disclose their holdings. The companies are now obliged to provide comprehensive information encompassing the quantity, characteristics, business models, and accounting policies associated with the trading of digital currencies. Quantum Technology Transform Digital Payments
Researchers from the University of Vienna's Vienna Center for Quantum Science and Technology have unveiled a quantum-secured digital payment system. Utilizing pairs of quantum entangled photons, this innovation encrypts payment transactions in a way that makes them virtually impervious to tampering. Which Countries and Cities Lead in the Number of Bitcoin Nodes?
A Bitcoin node is a cornerstone of the world's first cryptocurrency, operating round-the-clock in complete harmony within the network of its own kin. Its purpose is to validate transactions and uphold the network's decentralization. With 45,000 nodes within the Bitcoin network, an exploration into their geographical dispersion makes for an intriguing analysis. IOST Coin: Empowering the Internet of Services!
IOST is reshaping IoS with unparalleled speed and scalability. Its innovative Proof-of-Believability mechanism, 400+ nodes worldwide, and ability to process 8000 transactions per second stand as a testament to IOST's transformative potential for online services. 



