Despite recent improvements, the crypto market remains down 14% from its peak, with new capital inflows slowing and a “Player vs. Player” market emerging. Source link
WazirX breach post-mortem: Dismantling the $230M attack
The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data. Source link
Web3 experts cite innovation and PR as key challenges for NFT adoption
Web3 professionals discuss the barriers to broader NFT adoption, including the need for new narratives, improving reputation and simplifying user experiences. Source link
Chainlink’s tokenization sandbox cuts trials to days instead of months
The sandbox could lead to more financial institutions adopting asset tokenization solutions. Source link
Li.Fi releases incident report following $11M hack
The team also announced it was working on a voluntary compensation plan to reimburse 100% of funds to users affected by the exploit. Source link
$520B state-owned Italian bank trials digital bonds on Polygon
The trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank money settlement. Source link
WazirX hacker funnels $149M of SHIB, MATIC other altcoins into ETH
Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen. Source link
How brands can transform loyalty programs with Web3: Polygon Labs
Polygon researchers argued that brands could use Web3 data to create more targeted products, services and marketing campaigns. Source link
Tornado Cash sees $1.9B resurgence this year despite sanctions
The volume of new deposits into the OFAC-sanctioned crypto mixer has jumped significantly in the first half of 2024. Source link
Mt. Gox creditors opt to hodl Bitcoin payouts — Reddit poll
As the Mt. Gox trustee has yet to distribute 64% of the Bitcoin owed to creditors, the Reddit Mt. Gox community is pushing the hodl agenda. Source link