cyber

Ethereum Rival Polkadot Launches Polkastarter DEX and Liquidity Mining

A new decentralized exchange has emerged in the already-crowded DeFi space. The platform is being offered by the Ethereum rival Polkadot network. Dec. 15 marks the official launch date of the Polkastarter DEX. The platform has been designed for cross-chain token pools and auctions, with the purpose of enabling projects to raise capital on the Polkadot network. Polkastarter was officially announced in September when the project listed its native POLS token on Uniswap. It has now gone live with the first liquidity pool offering rewards for swapping ETH for POLS.

MetaMask Beefs Up Security and Improves Gas Prices

Cryptocurrency wallet and browser extension MetaMask has been busy beefing up its security as hacks and exploits continue to plague the industry. In its latest monthly report, MetaMask has detailed ongoing efforts to improve the platform for its users and increase security. There are a few tweaks for dApp developers to be aware of but they will not affect users. The wallet provider has been developing ‘LavaMoat’ which is a set of tools for generating dApp bundles with enhanced security in the form of Secure EcmaScript (SES) containers. It added

Ethereum Developers Claim 2.0 Launch Went ‘Smooth’ Despite Validator Slashings

The latest update from the team working on Phase 0 of the ETH 2.0 upgrade has praised the smooth launch of the new blockchain which was only marred by a number of validators getting ‘slashed.’ It has now been two weeks since Beacon Chain went live heralding in a new era for Ethereum as the Serenity upgrade gets underway. The launch has been a rather eventless affair, which is good news as confirmed by ConsenSys developer Ben Edgington in his latest ETH 2.0 update. “It’s been a wonderfully dull eleven

Coinbase Report Affirms ‘Killing Ethereum’ will Be Challenging

The DeFi ‘food farming’ frenzy this past Summer took its toll on the Ethereum network in terms of demand. As a result, a slew of rival platforms emerged and a new report from Coinbase has taken a deep dive into some of them. In its latest report in the ‘Round the Block’ series titled “ETH Killers and New Chains” published on Dec. 12, the U.S.-based crypto exchange Coinbase has taken a closer look at rising competitors to Ethereum in the smart contract space. A number of new DeFi-focused blockchains have

DeFi Market Cap Surpasses $8 Billion

DeFi is all the rage as the booming crypto landscape’s total market cap surpassed $8 billion today, per data from CoinGecko. DeFi Continues to Grow Exponentially The DeFi market cap continues to increase as more money gets poured into the nascent space. According to the latest data from CoinGecko, the total market capitalization of the top 100 DeFi coins is now over $8 billion. That said, the figure should be taken with a pinch of salt as different websites have different metrics to determine the DeFi market cap. For instance,

Darknet Market to Permanently Ban Vendors Preying on COVID-19 Fears

Dark web marketplace, Monopoly Market, has taken a stand against scammers claiming to sell cures and treatments for COVID-19 on its platform.On other darknet platforms, listings are rife with coronavirus keywords — with vendors selling everything from narcotic cocktails marketed as ‘coronavirus vaccines,’ to coronavirus-infected blood and saliva.Monopoly Market to ban vendors using coronavirus as ‘marketing tool’On April 2, dark web journalist, Eileen Ormsby, tweeted a screenshot posted by Monopoly Market’s operator that threatened permanent bans against vendors “caught flogging goods as a ‘cure’ to Coronavirus.”“We have class here,” the

BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic

The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic.The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs in light of concerns regarding the spread of coronavirus through existing payment methods.BIS warns of COVID-19 transmission via credit card terminalsThe report notes a significant negative change in consumer attitudes regarding the use of cash in response to the World Health

Dow Jones Has a Blockchain-Based Product for Fighting Fraud and Staying Compliant

Dow Jones Risk & Compliance has teamed up with a company called EastNets to build a real-time blockchain-based watchlist feed. This watchlist identifies high-risk third parties for business deals and helps maintain a business’s regulatory compliance. This blockchain-based product currently lets users solve problems associated with manually updating these watchlists and protecting data from cyber criminals.Deya Innab, chief strategy and product officer for EastNets, said:“Designing and testing a suitable solution was challenging, but we are delighted to lead the industry with a real-time, secure watchlist update solution that is actively