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Showing posts from May 2, 2021
DeFi Exploit on BSC: What Happened, How It Worked, and How to Protect Yourself DeFi Exploit on BSC: What Happened, How It Worked, and How to Protect Yourself Another high-profile exploit struck a DeFi AMM on Binance Smart Chain. Below is a concise, practical breakdown: attack mechanics, impact, and a user security checklist to lower your exposure going forward. Rapid on-chain attacks can drain liquidity pools in minutes—monitor risks before depositing capital. Key takeaways Likely vector: Non-50/50 pools and re-initialization/price manipulation patterns are common in similar exploits. Impact: Multi-million dollar losses can occur within a few blocks when oracles/pool math are abused. User actions: Cap exposure, favor audited/long-running contracts, and monitor official incident report...
VanEck Applies to SEC for Approval of a Bitcoin ETF — What It Means for Investors VanEck Applies to SEC for Approval of a Bitcoin ETF — What It Means for Investors VanEck has filed for a Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). Here’s a clean, practical look at how a Bitcoin ETF works, why it matters, and what investors should track next. SEC approval of a spot Bitcoin ETF would be a milestone for mainstream access to crypto exposure. Key takeaways ETF structure: A Bitcoin ETF would allow investors to gain BTC price exposure via brokerage accounts. Custody & pricing matter: Institutional-grade custody, auditability, and benchmark methodology are critical. Market impact: Approval could boost liquidity and access, but risks and volatility remain. ...
Uniswap v3 Launch: What to Expect from the Third Version Uniswap v3 Launch: What to Expect from the Third Version Today marks the official release of Uniswap v3, the long-awaited upgrade to the leading decentralized exchange. Uniswap v3 introduces concentrated liquidity and advanced capital efficiency. Key Takeaways Uniswap v3 officially launches with concentrated liquidity pools. Capital efficiency improves, allowing smaller TVL to compete with larger pools. Liquidity providers gain more flexibility and fee control. What’s New in v3? Uniswap v3 is built around the concept of concentrated liquidity , enabling liquidity providers to allocate capital within custom price ranges rather than across the entire curve. This makes liquidity deeper at relevant price levels, red...
Galaxy Digital to Acquire BitGo for $1.2 Billion Galaxy Digital to Acquire BitGo for $1.2 Billion A landmark crypto M&A deal that could reshape custody and institutional adoption. Galaxy Digital’s $1.2B BitGo deal is among crypto’s largest acquisitions. Key Takeaways Galaxy Digital is acquiring BitGo in a $1.2B cash + stock deal. This marks one of the largest acquisitions in crypto history. The move strengthens custody, trading, and institutional service offerings. Why This Deal Matters Galaxy Digital, led by Mike Novogratz, is set to acquire BitGo for $1.2 billion. The acquisition highlights the growing importance of crypto custody as institutional demand accelerates. With BitGo’s custody licenses, cold storage infrastructure, and global footprint, ...
Vitalik Buterin — The Inventor of Ethereum: Vision, Milestones & What’s Next Vitalik Buterin — The Inventor of Ethereum A practical primer on the mind behind Ethereum: why he built it, how it changed crypto beyond money, and what the roadmap means for users and builders. Vitalik Buterin: from whitepaper to a programmable global settlement layer. Key takeaways Beyond money: Buterin envisioned blockchains for programmable agreements (smart contracts), not just payments. Ecosystem flywheel: DeFi, NFTs, DAOs, and stablecoins created real utility and drew builders and users. Scale securely: The rollup-centric roadmap aims to scale transactions while maintaining decentralization. Contents Early Background & the Ethereum Idea Why Eth...
Binance Founder Explains Why Ethereum Is Reaching New Highs Binance Founder Explains Why Ethereum Is Reaching New Highs CZ (Changpeng Zhao) says NFTs, smart contracts, and rising on-chain activity are powering Ethereum’s growth—without threatening Bitcoin’s role. Rising on-chain demand and broader utility continue to support ETH’s case, according to CZ. Key takeaways Utility is the driver: NFTs, DeFi, and smart contracts are expanding ETH’s real-world usage. BTC & ETH can coexist: Bitcoin as store-of-value; Ethereum as programmable settlement layer. Macro watch: Network fees, L2 adoption, and regulatory clarity shape the next leg. Contents What’s Driving ETH’s Rally Bitcoin vs. Ethereum: Complementary Roles Risks & Wh...
New Phishing Trick Targeting MetaMask Wallet Users New Phishing Trick Targeting MetaMask Wallet Users A new phishing bot is tricking users via fake support forms hosted on Google Docs—don’t share your recovery phrase. Emerging phishing scams and how they target crypto wallets Critical Points Scam impersonates MetaMask support, sending malicious links disguised as “help forms.” They lure users to Google Docs or sheets to enter sensitive data, like recovery phrases. MetaMask explicitly states it never uses Google Docs for support and urges using official support channels. How This Scam Works According to the MetaMask team, a phishing bot is impersonating support by sending tweets or messages with links to what appear to be “support forms.” These forms often live in Google Docs or Sheets, making them hard...
Warren Buffett and Charlie Munger’s Harsh Words on Bitcoin Warren Buffett and Charlie Munger’s Harsh Words on Bitcoin During Berkshire Hathaway’s 2021 annual meeting, both Warren Buffett and Charlie Munger expressed deep skepticism about Bitcoin. Here’s what they said, why it matters, and how the market reacted. Buffett and Munger on Bitcoin — Berkshire Hathaway Annual Meeting 2021 Key quotes Charlie Munger: “I think the whole damn development is disgusting and contrary to the interests of civilization.” Warren Buffett: “I’m okay on that one.” The Harsh Stance on Bitcoin At the annual meeting, Munger did not hold back in his criticism of Bitcoin, labeling its success as “disgusting.” Buffett, though less vocal in this instance, supported his long-held skepticism by agreeing with Munger’s statement. ...