Ethereum

Twitter’s co-founder and former CEO, Jack Dorsey, called out Ethereum for being insufficiently decentralized on Monday. Under one of Vitalik Buterin’s Twitter posts, he alleged the protocol has “one, if not many, single points of failure.” Decentralization and Social Media Vitalik’s initial tweet did not relate to Ethereum at all. Rather, the network’s founder offered his thoughts on Elon Musk’s recent $43 billion offer to completely take over Twitter. While he doesn’t oppose Elon running the show, he stood against…

Earlier this week, Ethereum-based stablecoin project Beanstalk Farms suffered losses totaling $182 million after falling victim to a governance exploit. This is the second DeFi protocol to experience a breach in security since the start of this month. The attackers drained Beanstalk Farms of all its collateral funds and the token's price fell soon after. The BEAN stablecoin lost about 86% of its value which originally rested at $1. How did the Attack Occur? Behind the breach were 2 suspicious …

The recently launched Ethereum Push Notification Service has raised more than $10 million in Series A funding, taking the company’s valuation to $131 million. The blockchain’s novel service could bring a new dawn to web3 messaging, as investor interest piques. What is the EPNS? Ethereum Push Notification Service is a blockchain-based messaging service built to delve right into web3’s potential. Launched in January, the decentralized protocol for notifications works across most devices, from browsers to Android and iOS. According to…

Tim Beiko – a leading Ethereum development coordinator – has stated the network will not implement proof of stake by June. This contradicts Vitalik Buterin’s development timeline from January, where he claimed that it should be in place by Q2 2022. Another Delay for the Merge Delays to Ethereum 2.0 are hardly unprecedented. Developers expected the upgrade to be in place within 2 years of the project's launch in 2015. Vitalik now admits to having been dead wrong about that…

Ethereum layer-2 solution, Optimism, fixed a major flaw that would have permitted an illegal and continuous creation of ETH tokens.  According to sources, Optimism might have just solved a significant system vulnerability issue. The potential glitch got the attention of developers at Ethereum through an Ethical Hacker, Jay Freeman, who discovered flaws in the code and saved the network from significant theft risks.  The bug, now curtailed, was reportedly triggered by an Etherscan employee. Had the issue not been promptly…

AssangeDAO, a newly founded Decentralized Autonomous Organisation (DAO), has raised funds worth over $45 million in ETH to support the release of Julian Assange, founder of Wikileaks,, from prison. More than $20 million has been raised as donations skyrocket as donations skyrocket in the past 24 hours. Assange's Case The inception of AssangeDAO commenced in a Telegram group on the day the United States won an appeal against a British court ruling in December. Julian Assange, the famous founder of…

The founder of Ethereum, Vitalik Buterin, proposed a solution to reduce the cost of transaction fees on Ethereum’s Blockchain.  Lower-transaction fee proposals have coincided with Ethereum rallies and contributed to positive investor sentiments.   In a Twitter thread on Saturday, Vitalik suggested new techniques for handling data transfer over the network, which could reduce the cost of processing transactions. Additionally, Vitalik talked about an update on Ethereum Layer 2, which involves “blob-carrying transactions.” Also, he speculated that the modifications would significantly…

Yet another multi-million dollar hack has impacted the crypto ecosystem. This time, it's against Wormhole – a famous cross-chain bridge to bring non-native cryptocurrencies to other blockchain networks. Over $300 million worth of wETH were unfairly generated through a protocol exploit. This comes a month after Vitalik warned the crypto-community of the security flaws inherent with cross-chain protocols and intermediaries. Hours ago, Wormhole warned the community of a potential protocol to exploit over Twitter. The team put the network under…

The Multichain hack has cost users $3 million so far. However, one victim managed to get back most of their money - by talking to the hacker directly. A "white hat" hacker returned about 800k in Ether to a hacking victim. However, the hacker kept $150,000 as a "tip" for keeping the funds safe. The CTO of crypto wallet ZenGo Tal Beery highlighted the conversation between the hacker and his victim on the blockchain. The hacker presented himself as a…