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The Bored Ape community was not very impressed by the Yuga Labs' reaction to the mishap, calling out their lack of basic health management at the event. Several attendees of Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong reported eye-related issue s, including burns, damaged vision and “extreme pain” in their eyes. Yuga Labs’ official X account has now addressed the issue , claiming they are aware of the reports of potential eye-related issue s to many attendees and are investigating the cause behind them. I just opened up IG and Jasmine’s eye is swollen. Some Apes had an eye issue at ApeFest. Protect your eyes. Wash your hands. Be careful out there. pic.twitter.com/FNHF9hrDeg — PB Drip (@DripperPb) November 6, 2023 Yuga Labs claimed that less than 1% of the attendees have experienced eye-related symptoms, and most of the affected attendees are experiencing improvement in their conditions with the passage of time. Apes, we are aware of the eye-related issue s that affected ...

Researchers at Guardio Labs have discovered a new attack known as ‘EtherHiding,’ which uses Binance Smart Chain and Bullet-Proof Hosting to serve malicious code within victims’ web browsers. Unlike an earlier suite of fake update hacks that exploited WordPress, this variant uses a new tool: Binance’s blockchain . Earlier, non-blockchain variants interrupted a webpage visit with a realistic-looking, browser-styled ‘Update’ prompt. A victim’s mouse click installed malware. Due to the cheap, fast, and poorly policed programmability of Binance Smart Chain, hackers can serve a devastating payload of code directly from this blockchain. To be clear, this is not a MetaMask attack. Hackers simply serve malicious code inside victims’ web browsers that looks like any webpage that the hacker wants to create — hosted and served in an unstoppable manner. Using Binance’s blockchain to serve code, hackers attack victims for various extortion scams. Indeed, EtherHiding ...

The Stellar Development Foundation is set to enhance its blockchain offerings with Soroban, a new smart contract platform, currently in testnet phase, emphasizing heightened security and seamless integration. The Stellar (XLM) blockchain, known for fast international transactions, is about to introduce something new. This is called Soroban, a platform for smart contracts that’s being tested right now. What makes Soroban special is its use of WebAssembly (WASM), which is designed to work well with regular websites and blockchain systems. Product update! Today, @CertoraInc & @StellarOrg have teamed up to boost @SorobanOfficial, the Stellar network's smart contract platform , with cutting-edge formal security verification. Why is this important? It fortifies the foundation of blockchain security , ensuring trust… — Stellar (@StellarOrg) October 11, 2023 Blockchains need to be very safe. Even a tiny mistake in the code can cause big problems. That’s why St...

SBI Holdings will work with UAE firm TradeFinex on a Japanese joint venture aimed at boosting adoption of its enterprise blockchain platform running on the XDC Network. SBI Holding and TradeFinex will look to drive trade finance adoption of EVM-compatible enterprise blockchain XDC Network through a new joint venture in Japan. UAE-based firm TradeFinex operates its own decentralized platform operating on the XDC Network for trade finance originators to connect to a variety of banks and lending institutions. Aimed at enterprise use cases, TradeFinex is primarily focused on providing blockchain-based trade finance products including invoicing, letters of credit, purchase order finance and supply chain finance. A visual representation of TradeFinex's trade finance stack. Source: TradeFinex. The XDC Network is an EVM-compatible layer 1 network that Features interoperable smart contracts. Its documentation describes the protocol as a “highly optimized, bespoke fork” of Ethereum that...

Ibiza’s vibrant nightlife is preparing for a new era of clubbing driven by the transformative power of blockchain technology. While it may seem counterintuitive initially, the crypto market has much to offer to night clubs and festivals. The symbiosis between these two ecosystems is already unfolding in Ibiza — a Spanish island known for its night life and electronic music events in the summer. Ibiza’s journey to Web3 Ibiza aims to become a crypto island by embracing the Web3 trend. It aims to connect local artists, nightclubs and festival operators with a global audience and educate the community on the benefits of blockchain. Local nightclubs and venues are looking to leverage blockchain to create unique experiences. Ibiza has already recorded several NFT milestones in its history, starting with the Amnesia Ibiza NFT Medallions in 2021, which will give lifetime VIP access to the Amnesia club, followed shortly by DJenerates Klub, the first NFT collection immortalizing the iconic fi...

Bitcoin Ordinals inventor Casey Rodarmor says a fungible token protocol like Runes wouldn’t leave as much “junk” on the Bitcoin network as that of BRC-20 tokens. The inventor of Bitcoin Ordinals is proposing a new Bitcoin-based fungible token protocol as a potential alternative to the BRC-20 token standard. The BRC-20 standard was launched in March by an anonymous developer “Domo.” Within two months, the BRC-20 market cap reached $1 billion, with PEPE and ORDI among the most notable BRC-20 tokens created on Bitcoin. New terrible idea just dropped: Runes. A worse-is-better fungible token protocol for Bitcoin.https://t.co/TPVrUvWxm8 — Casey (@rodarmor) September 25, 2023 BRC-20 enables the minting and transfer of fungible tokens via the Ordinals protocol on Bitcoin. But the issue with BRC-20 tokens is that they spam Bitcoin with “junk” Unspent Transaction Outputs or UTXOs, argued Rodarmor. BRC-20 tokens have the “undesirable consequence of UTXO proliferation,” he explained in a...

A network of 35,000 sound sensors via smartphones was deployed on the peaq ecosystem to collect hyper-local noise pollution data for wellbeing. The Silencio Network has over 35,000 smartphones working as noise sensors via the Peaq blockchain ecosystem in an effort to combat the issue of global noise pollution . On Sept. 19, the Silencio Network announced its integration with Peaq as it continues to expand its reach to include more noise sensor devices. Silencio reports that the noise sensors working in its network cover 176 countries, and anticipates working on one million devices by next year. The project calls its work “Web3 citizen science” in which community members receive tokenized rewards for providing “hyper-local” noise pollution data. Cointelegraph spoke with the two co-founders of Silencio, brothers Thomas and Theo Messerer, about the reason behind tokenizing sound data. Thomas said the “seed” for the idea was planted over 20 years ago. Growing up with a hearing-i...

JPMorgan is reportedly developing the infrastructure to run a new deposit token, allowing settlements between banks for corporate clients. Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States.  JPMorgan has reportedly developed most of the infrastructure to run the new deposit token , which will be first launched for corporate clients to speed up payments and settlements . Deposit tokens are issued on a blockchain by a deposit ory institution to represent a deposit position. The solution contrasts with stablecoins, which are usually issued by a non-bank private entity. The product is also different from its JPM Coin, which already allows corporate clients to transfer dollars and euros across the financial institution. The new deposit token , meanw...

In an official blog on March 13, Halborn claims that it found several critical and exploitable vulnerabilities impacting the Dogecoin open-source network last year. The Dogecoin team has since fixed the vulnerabilities reported by Halborn. advertisement However, Halborn identified the same vulnerabilities in more than 280 other networks including Litecoin and Zcash, which have been patched. Halborn has named the “zero-day” vulnerability Rab13s, putting over $25 billion of crypto assets at risk of exploits. Among the “zero-day” security vulnerabilities found, peer-to-peer (p2p) communication is the most critical vulnerability. Attackers can make nodes on blockchain s offline by taking over consensus messages. Another zero-day vulnerability identified impacts individual miners through an RPC vulnerability. Variants of the same zero-day vulnerability could potentially lead to denial of service (DoS) or remote code execution (RCE) attacks. ...

A recent Citi report provides an in-depth Analysis of the growth, challenges, and regional variations in the adoption of digital assets and distributed ledger technology (DLT) over the past year. On Aug. 23, Citi presented a comprehensive Analysis of the developments and challenges faced by the digital assets and distributed ledger technology (DLT) sector. Despite the setbacks of 2022, particularly for some crypto firms like FTX, the research offers an optimistic perspective on the evolution of DLT and digital assets. The report points out that a larger number of companies are now engaging with and showing interest in DLT and digital assets. The data shows a significant jump, from 47% of firms in 2022 to 74% in 2023. This increased engagement has led to the management of billions of USD through DLT platforms, involving over 20 major global financial institutions. You might also like: Terra blockchain shuts down its website to prevent phishing Interestingly, the challen...

Understand how companies reorganize amid financial challenges to ensure business continuity via Chapter 11 bankruptcy. In the complex world of finance and business, bankruptcy serves as a crucial mechanism that allows struggling companies to reorganize and regain financial stability.  One of the most well-known forms of bankruptcy is Chapter 11, a legal process in the United States that grants businesses the opportunity to restructure their operations while protecting them from creditors’ immediate demands. This article delves into the intricacies of Chapter 11 bankruptcy , its objectives, procedures and notable examples within the realm of the cryptocurrency industry. Chapter 11 bankruptcy, explained Chapter 11 bankruptcy, often referred to as “reorganization bankruptcy,” provides companies, both large and small, with the chance to rehabilitate their financial health while keeping their operations intact. This chapter allows a debtor (the company) to propose a plan that outlines ho...

Shiba Inu’s marketing strategist Lucie has offered instructions to help users reduce the risk of encountering phishing links and fraudulent schemes when using Shibarium. Lucie, Shiba Inu’s marketing specialist, has cautioned the public against potential exploit ation risks on Shibarium, the newly-released Ethereum layer-2 scaling protocol. According to a post by the executive on X (formerly Twitter), Shibarium is accessible for development by anyone, similar to other blockchains like Polygon and Ethereum. However, this openness also makes it vulnerable to potential attacks. Malicious entities could exploit the platform to target decentralized applications constructed on the layer-2 network or deploy fraudulent rug pull tokens. Users should exercise caution and remain vigilant, as some exploit ers might even utilize the Shibarium name in their scam project titles, Lucie highlighted. Similar to Polygon, Ethereum, and other blockchains, Shibarium is open for anyone to build on. Regret...

Space and Time launches zero-knowledge proof tool for its decentralized database platform. Decentralized Web3 data service Space and Time has tapped into zero-knowledge proof (ZK-proof) technology to cryptographically verify information queries within its ecosystem. The company’s proprietary Proof of SQL allows the platform to generate a SNARK cryptographic proof of a query within its decentralized data network, allowing users to trust that a data query is accurate and has not been manipulated. Space and Time intends for the service to provide tamper-proof on-chain and off-chain data to blockchain service s, advanced computing, artificial-intelligence and large language models. Space and Time co-founder Jay White told Cointelegraph that the innovation could prove useful across a range of blockchain-based solutions including financial service s, retail, healthcare and gaming: “We believe that data will enhance the interoperability between the on-chain and off-chain ecosystems, fost...

Smart contracts should be viewed as “proof-of-concept” rather than as critical for universal adoption. That may mean exploring alternatives. Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption. Being overzealous about any kind of innovation can also contribute to its stalling, or even failure if other factors don’t align. The mentality of assuming new technology is perfect and wondering why everyone hasn’t caught up to its genius is outdated. Not only does it create an adversarial relationship when inevitabilities, such as regulation, arise, but it also diminishes the motivation to improve on new applications to maximize their value. Smart contracts and companies building their products around their implementation are now nearing this impasse. So, what can be done to close these gaps and potentially set the stage for an alternative? The g...

Vera Molnár pioneered the use of computer-generated art in the latter half of the 20th Century. Computer- generate d nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby's Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour.  Molnár's Themes and Variations #1 sold for 19.84 ETH | Source: Sotheby's According to the July 26 announcement, the "Themes and Variation" collection Features 500 collectibles via an algorithm combination of 170 color palettes and recursive grids. Auctioneers wrote: "Themes and Variations is an expansion of Molnár's 2% d'ordre generative protocol that explores the power of the grid and randomness of color. Molnár further developed the system by incorporating the appearance of letters (N, F, T), playfully chosen for this series as a reference to the technological vehicle of NFTs." Born in Budapest in 1924, Molnár was one...

Potential plaintiffs in the new lawsuit by ENF may need to opt out of other suits against Block.one to be eligible to participate. The EOS Network Foundation (ENF) is the latest entity to initiate legal action against major investor Block.one (B1) over failure to honor $1 billion investment commitment s. On July 25, ESN founder and CEO Yves La Rose took to Twitter to announce that the ESN is preparing a lawsuit against B1 for “ failure to follow through on its $1B commitment .” The CEO mentioned that Block.one is already working to settle another class action lawsuit for $22 million, after rejection of a proposed $27.5 million settlement with lead plaintiff Crypto Assets Opportunity. “You may need to opt out to be eligible to participate in the ENF’s lawsuit,” he noted. According to La Rose, the United States’ class action lawsuit is still in the process of settling after being initiated back in 2017. The CEO also mentioned that plaintiffs who want to opt out of the lawsuit can con...

A CMOS-compatible neuromorphic computing chip could be on the horizon thanks to breakthrough research out of Technische Universität Dresden. Researchers from Technische Universität Dresden in Germany recently published breakthrough research showcasing a new material design for neuromorphic computing, a technology that could have revolutionary implications for both blockchain and AI. Using a technique called “reservoir computing,” the team developed a method for pattern recognition that uses a vortex of magnons to perform algorithmic functions near instantaneously. It looks complicated because it is. Image source, Nature article, Korber, et. al.,  Pattern recognition in reciprocal space with a magnon-scattering reservoir Not only did they develop and test the new reservoir material, they also demonstrated the potential for neuromorphic computing to work on a standard CMOS chip, something that could upend both blockchain and AI. Classical computer s, such as the ones that power our sma...