/ Ethereum User Scammed For $140,000 in Uniswap (UNI) Tokens

An Ethereum user has lost $140,000 worth of UNI, the governance token of decentralized finance (DeFi) platform Uniswap, to yield farming project UniCats, according to Alex Manuskin, researcher at crypto wallet ZenGo. Over the past weekend, the anonymous user, named “Jhon Doe” for privacy reasons (and deliberately misspelled for unknown reasons), stumbled upon a new yield farming scheme called UniCats and decided to transfer some UNI tokens to its liquidity pool.

More on Decrypt2020-10-05

/ Investment platform Bitpanda nets $52 million in series A round led by Peter Thiel's VC firm

A Vienna-based investment platform specializing in digital assets has closed what it claims is Europe's largest Series A investment round for 2020. Bitpanda has raised $52m in a round led by Peter Thiel’s Valar Ventures. Venture capital firm Speedinvest also took part alongside other unnamed backers.

More on The Block2020-09-29

/ Blockchain-based storage network Filecoin to launch mainnet in October

Decentralized storage network Filecoin expects to launch on mainnet on October 15, the Filecoin team announced in a blog post published Sunday. The platform, developed by Protocol Labs, is meant to enable users to buy and sell unused storage using the network's cryptocurrency, filecoin (FIL). The mainnet was originally supposed to launch in March of this year but has been delayed multiple times. The launch comes over three years after the platform held an initial coin offering that raised $200 million in just 30 minutes.

More on The Block2020-09-28

/ $130 Million of KuCoin Hacker's Haul To Be Frozen by Crypto Projects

KuCoin, the cryptocurrency exchange hacked on Friday, has disclosed additional “suspicious addresses” to which a hacker sent around $10.7 million worth of Bitcoin. Tallying up all cryptocurrency addresses shared by the Singapore-based exchange brings the total amount lost in the hack to $203 million. (The true damage may be higher, should KuCoin share additional addresses). But at the same time, cryptocurrency exchanges and blockchain projects have frozen some of the stolen assets to minimize the damage. And they’ve done a pretty comprehensive job.

More on Decrypt2020-09-27

/ Dai is now 60% backed by centralized assets – what does that mean?

For the last days, Crypto Twitter has been abuzz with discussions about the state of Maker’s collateral. Some users have pointed out that 40% of all collateral in Maker is now IOUs – meaning instead of digital commodities like ETH, which are no one’s liabilities – they rely on a central custodian’s compliance. The assets in question, which have become more and more popular, are USDC ($387m), WBTC ($162m), TUSD ($50m), and PAX ($31m). These IOUs issued on Ethereum represent either a dollar in a US-based bank or a bitcoin in BitGo custody.

More on Deribit Insights2020-09-26

/ Think Twice Before Using Facebook, Google, or Apple to Sign In Everywhere

So-called single sign-on options offer a lot of convenience. But they have downsides that a good old fashioned password manager doesn't.

More on WIRED2020-09-21

/ U.S. Federal Regulators Allow National Banks To Back Digital Dollar Stablecoins

The Office of the Comptroller of the Currency (OCC) has issued its second letter this afternoon allowing U.S. financial institutions to back digital dollar stablecoins under the leadership of Acting Comptroller Brian Brooks. This letter permits U.S. financial institutions to hold deposits as reserves for stablecoins that represent fiat currency such as the U.S. dollar.

More on Forbes2020-09-21

/ DeFi Protocol bZx Hacked For Third Time, Loses $8 Million

bZx, a decentralized finance lending protocol, has been hacked for the third time this year, resulting in the loss of over $8 million in user deposits. This reportedly represents 30% of the total value locked in the bZx protocol.

More on Decrypt2020-09-14

/ IRS Wants to Pay $625,000 for Tools to Track Monero

The United States Internal Revenue Service is offering $625,000 for Monero-tracing software, according to a recently published proposal request. In the proposal request, the IRS described the need for “innovative solutions for tracing and attribution of privacy coins,” including Monero and the Bitcoin Lightning Network.

More on Darknetlive2020-09-13

/ Researcher kept a major Bitcoin bug secret for two years to prevent attacks

INVDoS was discovered in 2018 by Braydon Fuller, a Bitcoin protocol engineer. Fuller found that an attacker could create malformed Bitcoin transactions that, when processed by Bitcoin blockchain nodes, would lead to uncontrolled consumption of the server's memory resources, which would eventually crash impacted systems.

More on ZDNet2020-09-12

/ EU finance ministers call for restrictions on stablecoin issuers

Finance ministers from major European Union members are calling for the bloc's executive arm to put in place significant curbs on stablecoins and their issuers.

More on The Block2020-09-11

/ Chainlink nodes were targeted in an attack last weekend that cost them at least 700 ETH

Nine Chainlink node operators — which play an essential role in powering decentralized finance (DeFi) protocols by providing token price feeds — suffered an attack on August 30 that drained about 700 ETH (worth about $335,000 at the time) from their "hot" wallets, The Block has learned.

More on The Block2020-09-04