shapeshift

THORChain hit by another exploit; loses up to $7.6M

Source Node: https://ambcrypto.com/thorchain-hit-by-another-exploit-loses-up-to-7-6m/
Time Stamp: July 16, 2021 3:17 AM - Modified On: July 16, 2021 - Published By:
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Republished By Plato

With the emergence of cryptocurrencies, also came a corresponding rise in ransomware attacks. Several security loopholes in the cryptocurrency space in general, and smart contract platforms in particular, have come to light over the last few years. Once hailed as foolproof, blockchains have fallen fall prey to illicit activities, an assertion evidenced by the numerous scams and fraudulent activities that ensued. The latest to fall victim to the same is THORChain, a popular cross-chain decentralized exchange. It’s in the news today after an exploit drained millions of dollars from the

Surging Interest in ‘Yam’ Yield Farming — But Is It Too risky?

Source Node: https://cointelegraph.com/news/surging-interest-in-yam-yield-farming-but-is-it-too-risky
Time Stamp: August 11, 2020 11:38 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch.The experimental Yam Protocol is the talk of Crypto Twitter right now — with many excited about the big potential returns, while others worry about the risks. The recently launched project offers an elastic supply token, similar to Ampleforth, that can expand and contract depending on market conditions, with the aim of seeking eventual price stability and a peg

Crypto Conference Attendees Prepare to Enter a 3D Virtual World

Source Node: https://cointelegraph.com/news/crypto-conference-attendees-prepare-to-enter-a-3d-virtual-world
Time Stamp: April 7, 2020 12:33 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Blockchain and cryptocurrency enthusiasts have found new ways to come together amid the global coronavirus lockdown. A crypto conference called BlockDown 2020 is scheduled to take place in the virtual realm this month, with big name personalities from the blockchain community set to appear as digital 3D avatars.Notable attendees on the docket include Binance founder and CEO Changpeng Zhao, Stellar co-founder Jed McCaleb, and NEO founder Da Hongfei. Also appearing will be Roger Ver, executive chairman of Bitcoin.com, and Erik Voorhees, CEO and founder of Shapeshift.Musician-turned-crypto-innovator Akon will headline the

P2P Protocol Aims to Simplify Crypto Wallet Transactions With Domain Names

Source Node: https://cointelegraph.com/news/p2p-protocol-aims-to-simplify-crypto-wallet-transactions-with-domain-names
Time Stamp: April 7, 2020 10:58 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

A new protocol is hoping to make peer-to-peer transactions between various wallets and cryptocurrencies simpler for users.FIO Protocol, which launched its mainnet chain on March 26, provides users with interoperable domain names instead of alphanumeric blockchain addresses.An acronym for the “Foundation For Interwallet Operability,” the FIO protocol is live on Trust Wallet and is in the process of integrating with several popular wallet providers — including Bitcoin.com, Edge, Enjin, Coinomi and Atomic.Rather than integrating directly with blockchains, the project offers a decentralized and open-source “usability layer” that integrates with services