July 23, 2024
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Friend.tech Prepares for Version Two Launch and Airdrop, but Leaked Smart Contract Raises Controversy

Decentralized social media platform Friend.tech is gearing up for the launch of its version two and accompanying airdrop on May 3. Friend.tech Prepares for Version Two Launch and Airdrop, but Leaked Smart Contract Raises Controversy Decentralized social media platform Friend.tech is gearing up for the launch of its version two and accompanying airdrop on May

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Coinbase Announces New Smart Contract Platform For Institutional Investors

Coinbase introduces Project Diamond, a platform enabling institutions to issue and trade digitally native debt instruments using blockchain technology. The platform combines Coinbase Prime custody, Web3 crypto wallet, USDC stablecoin, and Base, an Ethereum layer-2 network, and has received approval from Abu Dhabi’s FSRA. Project Diamond aims to bridge the gap between traditional and digital

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Poor Adoption Of ERC-4337 Smart Accounts Raises Concern

New figures show hardly anyone is using ERC-4337 smart accounts John Rising, an advocate for Ethereum account abstraction, has published some “sobering” statistics indicating that overall ERC-4437 adoption has been far from optimal.  Rising presented data points showing a reduction in users, low transaction activity, and poor operational expenses for core infrastructure providers in a

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ADA Price Rose 36.5% in Two Weeks as Cardano Sees Increased Whale Transactions and Address Activity

The price of the native token of smart contract platform Cardano, ADA, has been slowly climbing over the past week to outperform a number of other cryptocurrencies, with the gain being accompanied by growing whale transactions and ADA address activity. According to on-chain analytics firm Santiment, Cardano’s prices have climbed 36.5% over the past two

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Blockchain News

Shiba Inu Developer’s Bold Move: Renounces Control of BONE Token, Sparking Price Surge

Shiba Inu developer Kaal Dhairya has made a significant move in the world of cryptocurrencies by renouncing control of the ShibaSwap governance token BONE. Renouncing a smart contract, as Dhairya confirmed, signifies relinquishing control over the token’s smart contract, effectively rendering it trustless and transparent. This move is expected to attract more investors, ensuring that

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Blockchain News

Cryptocurrency Community Stung by PNDX Scam: Popular Crypto Influencer Pauly Accused of Fraud

In a shocking turn of events, the much-hyped altcoin PNDX, championed by renowned crypto influencer Pauly, has been exposed as a fraudulent scheme, leaving investors reeling from significant losses totalling an estimated $2.2 million. Promoted vigorously on social media by Pauly, the coin allegedly harboured a malicious flaw within its smart contract, allowing unscrupulous actors

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Ron DeSantis-Themed Token $RON Surges Over 7,000% After Presidential Campaign Launch

In the ever-evolving world of cryptocurrencies, new tokens are constantly emerging, especially after significant events. Lately, a fresh wave of tokens centered around the upcoming U.S. presidential election has caught the attention of speculative investors. One of these tokens experienced a mind-boggling surge of over 7,000% in just 24 hours. This unique token is named

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Blockchain News

You Can Now Create a Shitcoin in Less Than 23 Seconds

The cryptocurrency world has always been shrouded in mystery, with only a select few able to create their tokens. However, a recent viral video demonstrated how simple it is for anyone to create their cryptocurrency from the ground up and in record time. Johnny Shankman, also known on Twitter as whitelights.eth, completed a “speedrun” of

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Blockchain Security Firm Freezes $160K Stolen in Merlin DEX ‘Rugpull’

CertiK, a smart contract auditor, claims to have stopped $160,000 from Merlin, a zk-Sync-based decentralized exchange (DEX) that was the target of a rogue insider “rugpull” that cost consumers $1.8 million last week. CertiK informed its 257,700 Twitter followers on May 5 of the successful $160,000 freezing of the stolen monies. “We have successfully frozen

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Cosmos’ Shared Security Model Gets Vote Of Confidence

The first proposal to allow a blockchain to derive its security from the Cosmos Hub, a major blockchain worth more than $3 billion, was met with near-unanimous support. Neutron, the blockchain that wants to outsource its security to the Cosmos Hub, bills itself as a DeFi-focused smart contract platform. The Cosmos Hub will receive 25%

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