Author: Donald Munn
It all began last night, around 8 PM (GMT), on Convex Finance. The hack that occurred to the detriment of the DeFi Convex Finance platform The report came from Twitter, from a core team member of PieDAO, a well-known DeFi project dealing with tokenized funds. During a transaction, the user noticed that the Convex website was leading him to use an unverified contract, which later turned out to be malicious. This immediately set off the reporting tweet to alert the protocol team in question and try to shed light on the issue. What is this unverified contract ? 0xF403a2c10B0B9feF8f0d4F931df5d86aD187AE31@ConvexFinance website…
For the first time, the privately organised cryptocurrency conference – World Crypto Conference 2022 – will take place between 13-15 January, 2023 in Zurich, Switzerland. This time with an opportunity for participants to discuss the following key topics: the future of NFT, Metaverse and DeFi. The World Crypto Conference 2022 The event focusing on the evolution of the Web3 will be held for the first time in Zurich The World Crypto Conference aims to enable attendees to buy a NFT ticket, whether they’re a large sponsor or someone joining for the first time. Organizers made the decision to create a…
In a legal system in which it is hard to write even a word about the tax regulation of cryptocurrencies and in which any type of crypto asset that is other than virtual currencies does not appear at all in the field of view of the national legislator and regulator, certainly one cannot hope that anyone would even entertain the thought of dealing with alien creatures such as DAOs (Decentralized Autonomous Organization), DeFi, and more generally the technologies underlying the so-called Web3, according to the definition coined by Gavin Wood, co-founder of Ethereum. The current regulatory framework on Web3 and…
Yesterday, the deputy governor of Britain’s central bank, Jon Cunliffe, said that the survivors of the cryptocurrency collapse could one day become technology companies that rival Amazon and eBay. The future of crypto after the collapse Bloomberg reports this, citing a speech given by Cunliffe at the Point Zero Forum in Zurich. The Bank of England (BoE) vice-president compared the recent $1 trillion-plus collapse to that of dotcoms at the turn of the century. Back then, in 2000, $5 trillion were burned from the financial markets after the boom of the so-called “dotcoms”, the new Internet-related technology companies. At the…
The Cardano Foundation and the Input Output Global (IOG) team have decided to postpone the launch of the Vasil hard fork in order to carry out more testing. The long-awaited Vasil hard fork is postponed by the Cardano team The Vasil hard fork will allow the Cardano blockchain to improve total throughput “We recognize that this news will be disappointing to some. However, we are taking an abundance of caution to ensure that we do this deployment correctly”. This was the comment with which the IOG research team working on the release of Cardano’s new hard fork, Vasil, announced the…
Yesterday, Polygon ID was announced, allowing users to vote on DAO proposals with their identity. Polygon ID is live Today, we’re announcing the launch of the first Polygon ID integration: @0xPolygonID x @0xPolygonDAO! Polygon ID is a self-sovereign identity solution powered by ZK cryptography that brings huge potential for DAO governance. Read on! [1/10] pic.twitter.com/XDdBpBiHxn — Polygon – MATIC (@0xPolygon) June 22, 2022 Polygon ID comes to life thanks to ZKP The benefits of the new Polygon ID This is the first integration of Polygon’s zero-knowledge proof (ZKP) identification service, activated with Polygon DAO. The integration of Polygon ID in…
Here comes Metaverse 4 Finance Accelerator, the first Italian acceleration program – promoted by the Sella group and realized by its Venture Incubator dpixel with the support of OGR Turin – which aims at identifying and supporting the growth of national and international start-ups for the development of innovative, economically sustainable, inclusive and secure solutions and technologies in the area of metaverse applied to finance. The metaverse is a multifaceted, evolving digital environment designed to make people’s experience of the web immersive. According to Grand View Research data, the metaverse is expected to reach a global market value of $678.8…
Loretta Mester, president of the Cleveland Fed, does not foresee a recession and expects inflation to fall gradually to 2% two years from now. Expectations of Cleveland Fed on inflation and recession On Sunday, 19 June, in an interview with CNBC, Loretta Mester, president of the Cleveland Fed, made arguments that shed new light on the US government’s monetary policies. The bogeyman of a recession, however likely it may be, is not the scenario Mester expects for the US economy. According to Mester, the US Central Bank’s aggressive policy of dealing with self-induced liquidity inflation to save the economic and…
Alphabet, Google’s subsidiary in Moscow, has decided to file for bankruptcy following the freezing of its accounts by the Russian government. Google’s Russian subsidiary prepares to file for bankruptcy Google Russia is struggling with the freezing of funds There is bad blood between Google and the Kremlin. Putin’s government has long been fighting with the American giant for control of information or at least to be able to “filter” it, but this, as expected, is not allowed by the company. The Russian communications authority, Roskomnadzor, has long accused Google Russia of not conforming to the country’s editorial lines. The war…
Elon Musk gave his first speech with Twitter employees covering topics around freedom of speech, firing and remote working. Elon Musk: talk with Twitter employees and freedom of speech According to reports, for the first time, Elon Musk held a face-to-face talk with Twitter employees to address issues concerning content on the social network, but also dismissal and remote working. Precisely with regard to content on social media, Musk is a vocal supporter of freedom of speech, to the point that he would like to allow all legal speech, even if this includes lawful but terrible content such as extremism…