crypto
* CoinDesk investigation reveals that numerous crypto companies have unknowingly hired IT workers from North Korea. * North Korean workers used fake IDs, passed interviews, and presented impressive work histories. * Hiring North Korean workers violates sanctions and presents security risks, as some companies have been hacked. * Hiring DPRK workers is prevalent in
bitcoin
* BitcoinOS claims to have verified a zero-knowledge proof on the Bitcoin mainnet, enabling upgrades without forking the code. * Brollups proposes a trustless Bitcoin-native rollups design using pre-signed transactions. * Fractal is a Bitcoin sidechain focused on scaling transactions, with code closely resembling Bitcoin's base layer. * Babylon introduces staking to
blockchain
* Rollups are gaining attention as a scaling solution for Bitcoin, surpassing the Lightning Network. * Rollups aim to be an off-chain layer two that overcomes liquidity limitations. * They function by holding user balances in a single account and using merkle trees. * Users can exit the rollup without permission by proving their
commodity
* The U.S. SEC had talks with Solana ETF issuers about concerns over Solana's potential status as a security. * The SEC and Cboe agreed not to file the 19b-4 forms, delaying the approval process for Solana ETFs. * Solana ETF filing still shows on EDGAR, while 21Shares' filing
breach
* CoinStats suspends user activity after security breach affecting 1,590 wallets. * Only 1.3% of CoinStats wallets impacted; connected wallets and CEXes unaffected. * Extent of impact unknown; updates promised by CoinStats. * Platform assures user holdings are safe; asks for read-only access to wallets. * CoinStats lists affected wallets; warns users of
authentication
* Additional security feature implemented by EigenLayer for EigenDA on Ethereum mainnet * Whitelist security measure using IP address or ECDSA authentication for enhanced protection * ECDSA authentication verifies user identity using elliptic curve cryptography * EigenDA offers free tier with high throughput, exceeding needs of busy rollups * Partners can request increased throughput beyond
cryptocurrency
* CertiK white-hat hack exposes Kraken's bug allowing users to print money. * Kraken lost nearly $3 million in crypto due to the exploit. * CertiK defends actions, claims Kraken demanded mismatched funds back. * White-hat hacking used to identify vulnerabilities in systems. * Kraken files motion to dismiss SEC lawsuit, denies being
accusation
* CertiK identified a vulnerability in Kraken's system, leading to $3 million in digital assets being withdrawn. * Kraken accused CertiK of extortion, demanding repayment for the funds taken. * CertiK claimed Kraken threatened employees and demanded a mismatched amount of crypto. * Kraken fixed the bug allowing users to inflate their
ethereum
* Optimism's Layer 2 blockchain now has fault proofs, advancing to Stage 1 decentralization. * Users can withdraw Ether and ERC-20 tokens without third-party involvement. * Fault proofs allow users to challenge and remove invalid withdrawals. * Collaborative effort from OP Labs, Base, and Sunnyside Labs to implement fault proofs. * Security Council
crypto
* Consensys CEO Joseph Lubin emphasizes importance of security in crypto space. * Lubin compares crypto security to early banking days, urges industry to improve. * He advises users to avoid social media financial advice and keep assets in cold storage. * Lubin warns of increasing threats in crypto space as it grows. * He
bitcoin
* Bitcoin's growth phase is marked by marketing over innovation in second-layer projects. * Projects lacking whitepapers and clear design pose security risks in the Bitcoin ecosystem. * Botanix Labs focuses on building a secure protocol on Bitcoin, not marketing gimmicks. * Scrutinizing new Bitcoin projects is crucial for the community'
cryptocurrency
* A decade since Mt. Gox hack: $45B lost, industry still plagued by hacks. * 2023: $1.8B lost to hacks, lack of security in exchanges. * Users rely on exchanges for custody, but face security risks. * Regulatory bodies warn of dangers, urge separation of exchange from custody. * Self-custody risky, cold wallets not