Author: CryptoHoppers

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In late May, CertiK, a blockchain audit firm, discovered a serious security flaw in Worldcoin’s code that would have allowed an unapproved user to gain access and become an Orb operator, bypassing the strict verification process. With this flaw, CertiK adds, the intruder would have easily circumvented Worldcoin’s rigorous onboarding criteria for becoming an Orb operator.  1/ On May 29th, CertiK reported a security vulnerability to #WorldCoin’s security team that could potentially allow an attacker to become an Orb operator by bypassing the verification process.— CertiK…

Bitcoin’s 30-day correlation coefficient with TradFi bellwethers continued to be negative. Bitcoin’s volatility relative to gold has been declining steadily over the past few years. Sentiment around crypto markets and traditional finance diverged dramatically over the last few months. Notably, developments in one sphere failed to impact the other. How much are 1,10,100 BTCs worth today? The world’s largest cryptocurrency, Bitcoin [BTC], showed increasing decoupling from popular stock indices like S&P 500, the Dow Jones Industrial Average and the tech-heavy Nasdaq 100, as per on-chain analytics firm IntoTheBlock. Bitcoin’s 30-day correlation coefficient with these TradFi bellwethers continued to be negative. #Bitcoin…

Network activity suffered a decline on Cardano in Q2. Meanwhile, DeFi TVL and network revenue rallied. Layer-1 smart contract network Cardano [ADA] saw a slight decline in network activity during the second quarter of 2023, according to a new report by Messari.  Read Cardano’s [ADA] Price Prediction 2023-24 However, other key ecosystem growth metrics rallied, including the number of daily on-chain transactions, the Total Value Locked (TVL) in Cardano DeFi protocols, and the chain’s revenue.  Cardano failed to attract new users in Q2 because… Despite the growth in the number of decentralized finance (DeFi) protocols that launched on Cardano between 1 April…

Top Stories This Week The decentralized finance (DeFi) ecosystem experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks. This attack exposed vulnerabilities across DeFi projects and sparked efforts to recover stolen funds over the past few days, hammering the performance of tokens and even stablecoins as a result of the dramatic ups and downs in this story. As the community navigates the aftermath of this exploit, Cointelegraph compiled the week’s events, presenting a timeline of what happened since the hack on July…

KPMG along with partners at Ketchum Analytics has launched a new, free research report that explores how blockchain-enabled tokenization is transforming the way consumers interact with each other and businesses. The findings indicate that tokenization is ushering in a new generation of commerce, and brings to light the strategic value of deploying blockchain infrastructure for the many business opportunities it offers – from creating new customer engagement opportunities to driving new revenue streams.   However, the potential is vast in those industries where consumers already express high levels of loyalty. For instance, when asked about loyalty to products/services across industries, consumers…

Tech • August 4, 2023, 11:50PM EDT Published 3 minutes earlier on In a reply on the social media platform he owns, Elon Musk declared that X (formerly Twitter) will “never” launch its own crypto token. Musk’s statement came in response to a warning from user @cb_doge, who urged users not to fall for fake tokens or memecoins masquerading as official X-sanctioned crypto projects — or news articles discussing them. “Elon Musk and X never launched a crypto token,” the user wrote, to which Musk replied: “And we never will.” Perhaps unsurprising to some, a slew of low-cap tokens exist…

What is Bitcoin mining? In the realm of cryptocurrency, Bitcoin mining is a concept that often comes to the forefront. To comprehend the phenomenon of Bitcoin mining, one must first delve into the basics. Bitcoin mining refers to the method through which new Bitcoins are added to the circulating supply. It also serves as a mechanism to confirm transactions on the Bitcoin blockchain network. The process of Bitcoin mining is based on solving complex mathematical problems, also known as proof-of-work (PoW). Miners compete against each other to solve these problems using computing power. The miner who manages to solve the…

DLC, or Discrete Log Contract, is a Bitcoin smart contract that uses oracles to make trustless transactions. They were introduced in 2017 as a theoretical idea and have been on the Bitcoin network since 2020. DLC functionality substantially improved in 2021 when the network activated its Taproot upgrade. To determine the outcome of any bet, DLC imports off-chain data from an oracle that provides information to the Bitcoin network and acts as a source of information about the real world for smart contracts. After the outcome is provided and settled, the funds are redistributed based on the initial agreement between…

Composable Finance recently announced the first trust-minimized CosmoDot connection. Named Centauri, the connection between DotSama and Cosmos is expanding the interchain ecosystem. Names like Interchain Foundation, Strangelove, NotionalDAO, Informal Systems, and 100+ validators took part in the development process. Composable Finance released a detailed post on its official website to shed more information on the connection. The network stated how DotSama and Cosmos SDK Chains have many commonalities besides their multi-chain architecture. The parties also share their vision for user-centricity and interoperability. Even then, the networks have been miles away from collaboration. This led to users failing to experience smooth…

In a shocking revelation on the dark net, Bitcoin played a chilling role in a sinister plot masterminded by Kristy Lynn Felkins, a 38-year-old woman from Nevada. Intent on carrying out an evil act, she sought the services of a hitman to execute a deadly plan targeting her ex-husband. As the cryptocurrency paved the way for anonymous transactions, it enabled the unfolding of a horrifying turn of events that shook the foundations of online anonymity and criminal intent. The chilling narrative began in 2016 when Felkins initiated communication with an entity she believed to be a hitman-for-hire on a dark…