Get your daily digest of crypto-asset and blockchain-related news – by investigating stories that fly under the radar in today’s crypto news.
- blockchain security company BlockSec revealed that, on September 16, they detected that the attackers managed to harvest “a lot” of ETHW by replaying the message (i.e. call data) of the proof of stake (point of sale) on EthereumPoW (aka Proof of Work (PoW) chain). The attacker “first transferred 200 WETH through the Omni bridge of the Gnosis channel, then played the same message again on the PoW channel and got another 200 ETHW. By doing so, the balance of the chain contract deployed on the PoW chain could be drained,” the report states. The root cause of the exploit is that the Omni Bridge on the PoW chain is using the old chainId and not properly verifying the Actual chainId of cross-chain message — and similar issues may exist in other protocols, the company warned.
- A hacker drained $3.3 million from several Ethereum (ETH) addresses generated with a tool called Impietyaccording string data from Etherscan and security analyst ZachXBT. These are “personalized addresses” – a type of personalized wallet that contains identifiable names or numbers. Decentralized Exchange (DEX) aggregator 1 inch warned in a report last week, personalized addresses generated with Profanity were not secure.
- Channels.coma developer of an interconnected cryptocurrency and NFT product stack for retail users and SMBs, has integrated a suite of digital asset custody, transfer and settlement technologies from one platform security and transfer of digital assets firewall to raise the level of security protocols and protect customers’ digital assets through its wallet infrastructure as well as its own treasury and funds. Fireblocks will also support Chains.com’s native token, CHA, making it available worldwide for institutional users through the Fireblocks network, the announcement said.
- Crypto exchange Binance announcement with which he is associated Ukrainian supermarket chain VARUS and that it will facilitate crypto payments for customers buying groceries. Transactions will take place via Binance Pay Wallet, while the service will be available in nine cities (Kyiv, Dnipro, Kamianske, Kryvyi Rih, Zaporizhzhia, Brovary, Nikopol, Vyshhorod, and Pavlograd).
- Sam Bankman-Fried, the CEO of a major crypto exchange FTX, said in an interview with CNBC’s Squawk Box that the exchange has at least $1 billion to deploy for acquisitions and bailouts. “You get into definitional issues here of how much should we really feel comfortable deploying. Saying there’s another approximate billion that’s, in a way, completely free will definitely get you within a factor of two of the right answer,” Bankman-Fired said.
- Crypto miner Bitdeer Technologies purchased a maximum security physical security safe in Singapore, The Freeportfor $28.4 million, Bloomberg reported, citing people familiar with the matter. Bitdeer, which is backed by cryptobillionaire Jihan Wu, purchased the fine art, gemstone, and gold and silver bullion repository in July, according to the report.
- Pan-African Cryptocurrency Exchange Yellow card financial announcement the closing of its $40 million Series B financing. The tour was led by Capital Polychainwith the participation of Valar Enterprises, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric companies, CEO Daiwa Ventures, The Raba partnership, Jon Weiner, Alex Wilson, Pat Duffy, and more. The funding will enable the company to drive business growth, continue its expansion on the continent, develop new product innovations and advance strategic partnerships across Africa, they said.
- The Financial Conduct Authority (FCA), the UK’s main financial regulator, Posted a warning to the Bahamas-based crypto exchange FTX, claiming that it operates without authorization. “This business is not authorized by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS) so it is unlikely that you get your money back if things go wrong,” the regulator said.
- Australian Liberal Senator Andrew Bragg has released a new bill (called the Digital Assets (Market Regulation) Bill 2022) to regulate digital asset trading, stablecoinsand China’s central bank digital currency (CBDC), the e-Yuan. “The Labor Government thinks cryptocurrency is a ‘scam’ and starts its work from scratch”, wrote Bragg. “The consequence of Labor inaction is clear. Australia is falling behind in consumer protection and investment promotion.
- Gimbal (ADA) founder Charles Hoskinson said that the implementation of the Vasil hard fork is now in its final phase after the acceptance of the hard fork combiner request. “The Vasil era has begun,” he said, adding that “there is no going back now.” The upgrade is scheduled for September 22, but Hoskinson said some of the effects of the upgrade will become more noticeable by September 27 for some technical reasons.
- Compliance Provider block pass says he’s associated with Uprisingan initial DEX offers (IDO) launch platform that facilitates and accelerates the launch of innovative blockchain projects. In addition to providing know-your-customer (KYC) options for Uplift’s platform, Blockpass and Uplift will run AMAs and giveaways, in addition to rewarding LIFT tokens and facilitating IoT access for users of Blockpass, they said.
- EVGAone of the largest graphics card add-in card manufacturers, said it will not offer next-generation graphics cards, although it will continue to support existing current-generation products, by the announcement. This follows the Ethereum merger which happened last week.
- canadian Bitcoin (BTC) minor Bit Farms started production in Argentina, increasing its computing power, or hashrate, to 4.1 exahash/second (EH/s), said the press release. The initial start-up adds 10 MW of capacity, bringing the company’s total capacity to 176 MW. During the remainder of Q3 2022 and into Q4 2022, the company plans to turn on additional 10 MW increments with a goal of powering on all 50 MW by December 31, 2022.
- bitcoin miner TeraWulf announcement today, the successful power-up of its initial batch of over 3,000 S19 XP mining machines from the previously announced deal with mining hardware maker Bitcoin bitmain for its Lake Mariner plant in New York, USA. With recently installed Bitmain S19 XPs, TeraWulf now has over 0.67 EH/s (5,471 miners) online hash capacity plus approximately 0.65 EH/s (6,500 miners) hosted hash capacity for a total over 1.3 PE/s operational at Mariner Lake.
- KuCoin Laboratoriesthe investment and incubation branch of the KuCoin ecosystem has announcement its co-incubation with Capital of the Republic in BidShop.ioa startup that creates additional cash flow for non-fungible tokens (NFT) holders. Going forward, KuCoin Labs will further explore potential and diverse collaborations with BidShop.io, they said.