Tagged: smart contract

December 30, 2025 @ 12:00 pm By Omar Faridi  |  

An Ethereum (ETH) address reportedly connected to the perpetrators of the 2021 Indexed Finance exploit and the 2023 KyberSwap attack has sprung back to life after roughly a year of inactivity, reportedly dumping millions in cryptocurrency holdings. On-chain monitoring firm Lookonchain has now reported that… Read More

December 28, 2025 @ 11:54 pm By Omar Faridi  |  

In yet another concerning development for the web3 and cryptocurrency sector, the Flow Foundation recently revealed this past Saturday that it is probing a suspected security breach impacting its primary Layer 1 blockchain. This latest disclosure has led various South Korean cryptocurrency platforms to effectively… Read More

May 11, 2025 @ 4:23 pm By Omar Faridi  |  

The Ethereum blockchain underwent a transformative upgrade with the Pectra hard fork, introducing Ethereum Improvement Proposal (EIP-7702). Fireblocks has shared key insights after this update. This proposal, combined with Multi-Party Computation (MPC) technology, aims to enhance institutional wallet security and user experience. Fireblocks highlights this… Read More

February 1, 2024 @ 7:57 pm By Omar Faridi  |  

Taurus SA announces it has joined the ERC3643 Association. This move is said to establish Taurus “as one of the first digital asset custody and tokenization infrastructure providers to join the association, marking a significant step in the advancement of smart contract standardization, and reinforcing… Read More

January 3, 2024 @ 8:49 am By Omar Faridi  |  

Bitcoin (BTC)  gained 13% in December 2023 (and is trading at over $45,000 to start off the new year). These price moves punctuate a year of strong returns, but the largest crypto asset was, in fact, “outpaced by other market segments last month,” the team… Read More

December 19, 2023 @ 7:39 pm By Omar Faridi  |  

DAML for Azure Database enables customers to “deploy multiparty applications on Microsoft’s powerful cloud infrastructure immediately.” Businesses are using distributed ledger platforms “to deploy multiparty applications even though many wish they could simply leverage familiar infrastructure to improve complex business processes that don’t require overhauling… Read More

December 4, 2023 @ 10:00 pm By Omar Faridi  |  

A couple of weeks ago, the cryptocurrency community witnessed a “peculiar” and complex exploit within the Raft Protocol, which is described as a decentralized finance (DeFi) platform operating on the Ethereum network. This incident, now widely referred to as the “Raft Protocol Exploit,” stands out… Read More

November 24, 2023 @ 11:56 am By Omar Faridi  |  

Movement Labs has announced its plans to launch M2, the first Move Virtual Machine L2 for Ethereum, scaled with Celestia as modular DA. Starting with M2, Movement is building an ecosystem of Modular Move-Based Blockchains, with M2 made possible “by Celestia’s Blobstream and the modular… Read More

October 29, 2023 @ 7:57 pm By Omar Faridi  |  

Neo, the open-source, community-driven blockchain platform, revealed that development is underway on a new EVM-compatible sidechain that will enable developers “to deploy smart contracts, and open the Neo ecosystem up to a wide range of trading-specific use cases such as DeFi.” As a separate blockchain… Read More

October 29, 2023 @ 5:52 pm By Omar Faridi  |  

Backed is pleased to announce that they have integrated Chainlink Proof of Reserve (PoR). This development provides users “with a transparent and trust-minimized means to confirm the collateralization of our tokenized assets.” Backed’s implementation represents a significant step forward in “how users can gain assurance… Read More

October 26, 2023 @ 7:46 am By Omar Faridi  |  

Mortgage Bank Lenzburg has expanded its organizational structure and the Finstar core banking system so that it can now offer services for digital assets. It starts with the custody offer for digital registered securities “from selected partner companies that were issued on the Ethereum blockchain.”… Read More

September 21, 2023 @ 10:51 am By Omar Faridi  |  

We recently connected with Diego Lizarazo, Director of Developer Relations at Agoric. Recently, Amazon launched Cloud Tools (AMB Access and Query services), which make it easier for developers to create decentralized applications. While this is a step in the right direction, more needs to be… Read More

September 20, 2023 @ 8:46 am By Omar Faridi  |  

Ethereum security professionals and developers have introduced ERC (Ethereum Request for Comment)-7512, a standard for onchain audit report representation, in a move to bolster blockchain security. This proposal aims to “enhance transparency and trust within the blockchain ecosystem by providing a standardized method to represent… Read More

September 18, 2023 @ 6:18 pm By Omar Faridi  |  

Movement Labs announced that it has raised $3.4 million in pre-seed funding from a group of industry participants, which will enable Movement Labs to grow the adoption and development of Move, a smart contract development language “with embedded safeguards protecting against attack vectors like reentrancy… Read More

August 29, 2023 @ 9:53 pm By Omar Faridi  |  

Staking is a core initiative of Chainlink Economics 2.0 that reportedly aims to “bring a new layer of cryptoeconomic security” to the Chainlink Network. Staking enables ecosystem participants, “such as node operators and community members, to back the performance of oracle services with staked LINK… Read More

August 29, 2023 @ 4:50 pm By Omar Faridi  |  

One of the first decisions made when building Soroban, the Stellar network‘s smart contract platform, was “choosing a platform for it to run on.” The developers say they decided “to build on WebAssembly (Wasm) in April of 2022.” As noted in a blog post, Wasm… Read More

August 13, 2023 @ 5:38 pm By Omar Faridi  |  

SphereX, a web3 security company, has raised $8.2 million in seed funding and launched SphereX Protect, a decentralized security solution for smart contracts. This solution prevents vulnerabilities “in the code from being exploited and maintains contract operation even under threat.” SphereX, a web3 security platform,… Read More

August 13, 2023 @ 1:52 pm By Omar Faridi  |  

Spearbit, a smart contract audit and security solutions firm with clients such as Polygon, OpenSea, Optimism and more, announced that it “has raised a $7 million funding round led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi)… Read More

August 6, 2023 @ 12:33 pm By Omar Faridi  |  

On July 30, 2023, several liquidity pools on Curve Finance were exploited, resulting in approximately $70 million in losses and triggering panic within the DeFi ecosystem, the team at Chainalysis noted. In a blog post, Chainalysis also mentioned that these hacks occurred due to “a… Read More

July 25, 2023 @ 10:17 am By Omar Faridi  |  

Neon EVM, an Ethereum Virtual Machine operating as a smart contract on Solana, announced its integration with Covalent, marking a significant step forward for both platforms. Neon EVM’s recently launched platform “allows developers to use EVM developer tools and Ethereum’s compute layer to transact on… Read More