Ransomware gang REvil launched a second attack on an australian drink manufacturer. Another ransomware attack has hit the Australia-based drinks manufacturer, Lion. This is the second attack on the company in less than one week. The cybercriminals behind the attack are threatening to double the ransom amount if Lion does not pay by the specified…
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F2Pool returns about $500,000 in abnormal ETH transaction fee to its sender after encountering the issue on June 11. F2Pool, a Chinese mining pool that recently mined an Ether (ETH) transaction with an abnormal transaction fee of 2,310 ETH, has returned 90% of the fee to its sender. Announcing the news on June 18, F2Pool…
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MyEtherWallet is adding an integration with IPFS to let its users easily launch websites on the decentralized web, but the network is still quite limited. MyEtherWallet, a well-known Ethereum wallet app, is releasing a feature named “Host Your Own Site” that provides an easy interface for its users to upload a website to the InterPlanetary…
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The Bancor decentralized exchange has released a smart contract with a critical vulnerability, and is now hacking itself to save user funds from malicious actors. The newest release of the Bancor decentralized exchange appears to be vulnerable to a very serious bug that can result in a significant loss of user funds. According to the…
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With the launch of an Ethereum Virtual Machine, Telos is set to enable developers to create and run Ethereum-Compatible smart contracts. Telos, currently ranked the second-most active blockchain worldwide, is set to enable developers to create and run Ethereum-compatible smart contracts without transaction fees. Telos is a smart contract platform that supports the creation of…
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PieDAO has launched its USD++ protocol, comprising a hedged basket of Ethereum-based stablecoins designed to reduce risks for long term DeFi users. PieDAO has launched USD++, a hedged basket of USD-denominated Ethereum (ETH)-based stablecoins. The decentralized organization is aiming to reduce the risks associated with holding stablecoins over the longer term and using decentralized finance…
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Telegram founder Pavel Durov admonishes Facebook and Instagram for generating ad revenue from scams that are being promoted from his name. Telegram founder, Pavel Durov, lashes out at Facebook and Instagram for making money off of scammy ads that use Durov’s name and image. Through his Russian Telegram channel on June 17, Durov accuses the…
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As protests against police brutality continue in the U.S., privacy advocates warn of the risks posed by centralized social media platforms. The protests in the United States against police brutality and systemic racism sparked by the murder of George Floyd by former Minneapolis police officer Derek Chauvin on May 25 are showing no signs of…
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Kraken CEO Jesse Powell told Bloomberg in a recent interview that Bitcoin would surpass gold as a store of value in the long-term. In a June 16 interview with Bloomberg, Kraken CEO Jesse Powell claimed that layer-2 solutions will in time make Bitcoin (BTC) as easy to use as the United States dollar. In addition…
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Polkadot will now have representation on Gitcoin, a developer-focused platform that uses a mix of crowdfunding and foundation grants to grow Web 3.0 and blockchain. A partnership announced on Tuesday between the Gitcoin project and Polkadot will help the interoperable blockchain platform’s developers find community support and funding. Gitcoin’s current function can be considered as…
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