x
Image Source: Pixabay
Valora launches ‘Mobile Stack’ Web3 launchpad for iOS and Android
The peer-to-peer payments company aims to grow Web3 beyond its current crypto-native audience.
Peer-to-peer (P2P) payments firm Valora recently launched “Mobile Stack,” a decentralized, permissionless, and open protocol launchpad for Web3 decentralized applications (DApps) on mobile devices.
According to Valora, writing in a press release seen by Cointelegraph, “only 8 of the top 100 Web3 apps on DappRadar have a mobile native experience.” The company hopes to change this by giving developers in the Web3 community a simple, intuitive platform for deploying user-friendly, mobile-first DApps.
“UX [user experience] is typically an afterthought in web3, and mobile experiences are few and far between despite smartphones being the primary devices used by seven billion people worldwide to interact and transact online.” Read More
Karma served: Pink Drainer gets hit with address poisoning scam
“The scammers have been scammed” — notorious crypto-draining took kit just lost 10 ETH to a wallet poisoning attack.
Pink Drainer, a notorious wallet-draining group, has seemingly been given a taste of its own medicine after falling victim to an “address poisoning” scam.
Crypto compliance platform MistTrack drew attention to the attack in a July 7 post to X, saying the hacking group lost 10 Ether to the scam, worth around $30,000 at publication, to a fake wallet address in late June.
Speaking to Cointelegraph, MistTrack said an address poisoning scam occurs when an attacker sends small amounts of crypto from a wallet with a similar-looking address to one of the target’s regular wallets, hoping to trick their target into accidentally sending funds to the incorrect wallet.
“Scammers have bots that look for new transactions. Since they can’t crack the code on the whole address, it’s possible to make the first and last few characters look similar to the address being used,” MistTrack said.
“So the scammer is banking on the victim to [copy the] scam address instead of the victim’s original address,” they added. Read More
$1M bug bounty for Solana Firedancer client goes live this week
Firedancer is a highly anticipated new validator client for the Solana blockchain, and its creator is calling on developers to look high and low for any critical bugs.
Solana developers will soon have a chance to earn as much as $1 million by finding bugs in the upcoming “Firedancer” independent validator client starting Wednesday, July 10.
The bug bounty program — the first of its kind for Firedancer — is being offered by Jump Crypto and will be powered by the bug bounty platform Immunefi. It will run for 42 days, from July 10 to Aug. 21.
Participants can tap into a $1 million rewards pool with the maximum payout for a single bounty at $1 million, paid in USD Coin
Firedancer is a new validator client that is expected to improve Solana’s network performance. As an independent client validator, Firedancer could play a crucial role in processing transactions and building blocks in Solana’s $60 billion network. Read More
Cardano releases ‘Node 9.0,’ paving way for upcoming Chang hard fork
The Cardano node GitHub page was updated with the new version, Node 9.0, which can be used to implement the upcoming hard fork.
The Cardano development team released Node 9.0, the newest version of the Cardano validator node software, on July 8. According to a YouTube video released by Cardano founder Charles Hoskinson on July 7, the new software is the final development step needed to allow the upcoming Chang hard fork to occur.
The software was released at approximately 7 pm UTC. According to its notes, it “is the first node that can support crossing the 9.0 hard fork (Chang) boundary on mainnet and long-running testnets, such as PreProd).”
The previous day, Hoskinson announced in a YouTube video that the software’s release was imminent, stating that it would be available “next week.” He also claimed that “probably Monday or Tuesday, the signal for mass upgrades will come.” For a hard fork to occur, 70% of nodes will need to vote to upgrade to the new software, Hoskinson stated.
The Chang hard fork is intended to be the first step in giving Cardano fully decentralized governance. It begins the “Age of Voltaire” on Cardano’s roadmap, a period characterized by massive changes to the network’s political system. Read More
Understanding The Cryptocurrency Token and Network Equity Within The Markethive Ecosystem And Beyond
Since the inception of Bitcoin, it has been regarded as the trailblazer and the gold standard of the cryptocurrency realm. Its influence extends beyond being a digital store of value, as it is often used as a reference point for other digital assets in the crypto finance industry. The emergence of thousands of crypto tokens has led to a plethora of use cases, but the Securities and Exchange Commission's (SEC) tendency to classify most tokens as securities might be misguided, as they have not fully appreciated the groundbreaking potential of these tokens.
The concept of tokens is a foundational permutation in blockchain technology, and it is essential to explain this new concept in a way that is easy to understand. Doing so increases the likelihood that the general public, regulators, and the myriad of established entities will grasp the importance of this paradigm shift. This article aims to demonstrate the various aspects of a cryptocurrency token and why it is crucial for those in positions of authority to gain a deeper understanding.
The complexity of understanding the token stems from its nature as a multi-functional abstract. We are not accustomed to encountering something that possesses multiple functional properties, represents diverse units of value, and exists in a digital form that unifies it all. Tokens are a relatively novel concept, and if we persist in attempting to categorize or categorize them using our previous frameworks, we will miss their potential. In essence, tokens can simultaneously embody the characteristics of currency, equity, financial instruments, rewards, rights, and, since blockchain, digital assets. Read More
MetaMask unveils new toolkit to streamline Web3, user onboarding
Consensys introduces a game-changing toolkit at EthCC, streamlining decentralized app development and enhancing Web3 user engagement.
Consensys unveiled the MetaMask Delegation Toolkit at EthCC, marking a significant milestone in the company’s efforts to promote Web3 and blockchain adoption.
According to a press release shared with Cointelegraph, the toolkit enables developers to create decentralized applications (DApps) and protocols that offer new user experiences.
The MetaMask toolkit will be available on any Ethereum Virtual Machine (EVM) chain supported by a user operation bundler, including Arbitrum, Avalanche, Base, Linea, Optimism and Polygon.
Speaking with Cointelegraph, Dan Finlay, co-founder of MetaMask, explained that despite this first version being Ethereum only, there are parts he thinks “can very easily be made chain agnostic.” Read More
Swiss Crypto Bank Amina Partners Pyth Network to Provide Accurate Price Feeds
Swiss crypto bank Amina Bank has partnered with the decentralized financial oracle Pyth Network to improve the accuracy and efficiency of its price feeds for users. The collaboration also marks another step in Amina Bank’s ongoing efforts to enhance the user experience and accessibility of Web3 applications.
In a recent statement, the bank said the partnership highlights its commitment to innovation and improving public access to digital assets. Anes Fific, Amina Bank’s COO, called the collaboration a milestone in the bank’s goal of integrating Web3 with traditional finance.
“As these worlds come closer together, AMINA is proud to be at the forefront of this transformation. By working with Pyth to provide our digital asset price data, we can give users in digital finance more robust data and information they need to make informed decisions about DeFi [decentralized finance] and crypto,” Fific stated. Read More
Cryptocurrency and Blockchain – The Duo Transforming Finance
For the last few years, terms such as ‘cryptocurrency’ and ‘blockchain’ have become popular in the sphere of finance and IT (information technology).
But what are these two, and how are they connected? Here we will explain these ideas further and establish how they are connected.
Cryptocurrency can be defined as a digital or virtual currency that has attributes of money and makes use of cryptography to secure the transactions.
Cryptocurrencies are different from the government-backed currencies – known as fiat currencies – as they are based on the technology known as blockchain.
This means they cannot be regulated by any central power such as a bank or a government. Read More
From recovery to dominance: Cryptocurrency’s path forward in 2024
Over the past fifteen years, the cryptocurrency and digital asset sectors have undergone substantial changes, introducing various opportunities and challenges for investors, regulators, and market participants.
Research firms have become indispensable in this dynamic and complex environment by offering essential analysis and insights to guide stakeholders.
Since its establishment, Architect Partners has been an active participant in this sector, consistently releasing ‘Architect Insights’ reports. These reports focus on breaking down complex market dynamics into accessible insights, presenting facts with careful consideration of context and subtlety. The firm’s approach benefits from the collective expertise of its team members, who have extensive experience working with senior executives, Boards of Directors, and investors across various industries.
Architect Partners’ Q2 2024 M&A and Financing Report indicates a major growth phase for the crypto and digital asset industry. The firm suggests that current developments will make past progress appear modest by comparison. The assessment stems from a detailed investigation of market trends, legal changes, and transformative technologies that drive the evolution of digital finance as we know it. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
