Michael Saylor Reacts To Bitcoin Dipping Below $50k; Says ‘Bitcoin Volatility is a Feature, Not a Bug’

The post Michael Saylor Reacts To Bitcoin Dipping Below $50k; Says ‘Bitcoin Volatility is a Feature, Not a Bug’ appeared first on Coinpedia Fintech News Michael Saylor, MicroStrategy’s executive chair and co-founder, opened up about Bitcoin’s superiority in long-term capital management during an interview with Bloomberg Television. He was asked about Bitcoin’s recent dip below the $50,000 level and MicroStrategy’s decision to acquire an additional 169 Bitcoin for just over $11 million in July. The interviewer asked, “When you see…

Shardeum Partners With Immunefi to Launch Bug Bounty Program Ahead of Mainnet

New York, United States, July 8th, 2024, Chainwire Shardeum collaborates with leading web3 bug bounty platform to test the network head of mainnet launch, offering a total of $700,000 USD in bounties  Shardeum, the autoscaling layer-1 blockchain, announces a partnership with Immunefi, the leading bug bounty and security services platform for Web3, to facilitate Shardeum’s first bug bounty ahead of their mainnet launch. The bug bounty will be used to further detect any critical issues and bugs within the network…

Tezos Node Operators Urged to Upgrade Immediately Due to Critical Bug

Nomadic Labs has issued an urgent alert for all Tezos node operators and bakers to upgrade to Octez v20.1 due to a critical bug affecting the Smart Rollups feature. This swift upgrade set to activate at block 5,898,241, is crucial to ensure network stability and maintain the seamless functioning of the Tezos ecosystem. Nomadic Labs one of the leading research centers in the Tezos ecosystem has issued an urgent alert to all Tezos node operators and bakers.  A crucial bug…

CertiK Uncovers Kraken’s Bug: 5thScape Dominates ROI Rankings For June 2024

CertiK discovered a weakness in Kraken’s deposit function. This bug contributed to withdrawals of almost $3 million. Krakens Chief Security Officer pointed it out and solved it. According to CertiK, the discovered flaw enabled large amounts of fake crypto withdrawals. CertiK is returning some of the cashback as a bug bounty issue arises. Regarding 5thScape, it will provide the highest ROI this June due to its portfolio of the latest blockchain security services. This paramount platform offers the best security…

Cosmos Developers Patch Critical Security Bug In IBC Protocol

Cosmos developers have patched a critical security bug in the Cosmos Inter Blockchain Communication (IBC) protocol that had put at least $126 million at risk.  Asymmetric Research had privately disclosed details of the vulnerability impacting the Cosmos ecosystem, adding that it was patched before anyone could exploit it.  Critical Security Bug  According to Asymmetric Research, the Inter Blockchain Protocol always had the bug. However, it only recently became exploitable thanks to developments in the protocol’s codebase. Once Cosmos was notified…

Crypto Weekly Roundup: SEC Goes After Uniswap, Solana Bug, & More

The U.S. Securities and Exchange Commission (SEC) has continued to hinder crypto firms, the latest being an enforcement notice to Uniswap. The agency has also postponed its decision regarding offering options trading for crypto on the NYSE. Let’s dig deeper.  Bitcoin The SEC has delayed its decision to allow the New York Stock Exchange to offer options for trading on spot Bitcoin ETFs.  Ripple CEO Brad Garlinghouse has predicted that the crypto market capitalization will double to $5 trillion by…

Solana Developers To Address Transaction Failure Bug By April 15

Solana developers have set April 15 as the target date for implementing a fix for recent transaction failures and issues that have plagued the blockchain network.  According to Helius Labs CEO, the issues plaguing the blockchain network result from an implementation bug, not a design flaw.  Solana Developers Set Target Date  According to reports, the implementation bug has caused the transaction failure rate on the Solana blockchain to skyrocket. Developers have now confirmed they are looking to implement a fix…

White-Hat Hacker Discovers Lethal Bug on Coinbase Interface

Major crypto exchange Coinbase has resolved a serious vulnerability in its trading interface. The discovered glitch could have caused the exchange to lose hundreds of millions of dollars. Security researcher "Tree of Alpha" discovered the lethal bug and reported it via Coinbase’s bug bounty program Coinbase assures that the bug was not maliciously exploited before its response team patched it. How the Bug Worked It began with a report from an ethical hacker, filed to Coinbase’s security team on the…