Tech

Solidproof will launch Audit Tool, a pivotal service for blockchain projects. Through it, the German-based audit plans to improve the security of DeFi protocols, which often fall victim to hackers. Just recently, a white hat hacker deprived the Poly Network of $600 million worth of digital assets. To the hacker's defense, he later returned the money. However, the event exposed the vulnerabilities of crypto projects that usually launch with faulty or unaudited smart contracts. Solidproof plans to help developers and…

The Liechtenstein Cryptoassets Exchange (LCX) has announced the release of Fire Salamander on Polkadot, following the integration with Uniswap. The innovative Decentralized Finance (Defi) tool is a powerful Decentralized Exchange (DEX) Aggregator aiming to ease transactions within the Defi space. The next-gen DEX aggregator will use web 3.0 technology. LCX is the first known parachain candidate managed and created directly by the core team of a centralized exchange within the Polkadot ecosystem. LCX is a fast-growing blockchain company showing their…

Nickel Digital’s recent survey suggests Institutions in the UK have plans to expand their crypto investments. According to the firm, half of the companies in the survey are ready to increase their crypto-asset tallies by 2023. Out of the 23 companies in the discussion, six stated that they would boost their investments in cryptocurrencies. The Tale of Crypto Adoption Nickel Digital places the UK as a hotspot for institutional crypto investments. The firm believes a country is a good place for hedge…

Brian Armstrong, the co-founder, and CEO of Coinbase, made a stunning announcement recently. The platform intends to buy around $500 million worth of cryptos, according to a tweet.  The news follows a go-ahead by the platform's board, according to the CEO's tweet. Coinbase will make the purchases on its balance sheet to shore up its holdings. Part of a Bigger Plan The purchase is quite possibly the tip of the iceberg. According to the same tweet, Coinbase will commit 10%…

On August 19, Worldline, a European payment service, and Bitcoin Suisse launched an Omnichannel crypto payment tool called WL Crypto Payment. The launch comes two years after the two became partners to speed up crypto adoption. WL-Crypto Payment Tool Bitcoin Suisse and Worldline introduced an omnichannel payment solution that will help Swiss merchants accept payments in crypto. Buyers in Switzerland can now buy items in bitcoin and Ether as payment options. Using crypto will be as effortless as using traditional…

On Wednesday 19th, the Financial Times reported that CME, a futures exchange platform, made a $16 billion bid to take over its Chicago rival Cboe exchange. However, shortly afterward, CME came out and flatly denied the rumors. This news had a very significant impact on the market prices of each of the company's stocks.  CME Rumored to Bid for Cboe According to the financial times' news outlet, CME had put a bid earlier on Wednesday planning to take over the…

On Sunday, Square announced that it has plans to buy Afterpay, an Australian fintech company. The company centers around allowing customers to make payments in four-free installments, and if they miss an automatic payment, they pay. Over the 16 million customers Afterpay has access and manage their installments over the Square Cash App. However, it is still not possible until the final transfer takes place over the first quarter of 2022. Square is Advancing its Payments Option Square, founded by…

In the past few years, Tencent Holdings Ltd and Ant Group Co. have digitized the Chinese currency. In addition, the companies have set up substantial private payment networks and cryptocurrency mining operations that have led to the global bitcoin boom. The two companies broke from the aggressive Chinese financial centralization, which has been in China's history for years. The issue comes as China is focused on distributing the digital currency before the 2022 Beijing Winter Olympics. According to Chinese officials,…

A “significant” bug has been spotted in the privacy-centric cryptocurrency monero (XMR). Monero developers have discovered a bug in the coin’s privacy algorithms that could potentially expose users’ actual transactions. XMR is open-source and privacy-oriented with worthless coins, dubbed “mixins” with the actual coins during a transaction. Unfortunately, the privacy advantage is now at risk. According to a Twitter post, the bug occurs when a user spends their funds received in a transaction before roughly 20 minutes elapse. Mitigating the…