Uniswap’s Permit2 Feature Exploited in $1.39M Phishing Attack
Uniswap’s Permit2 feature, introduced to simplify token approvals and save on gas fees, has become a growing attack vector in the DeFi ecosystem. A recent phishing attack resulted in a PEPE token holder losing $1.39 million worth of assets after unknowingly signing a malicious Uniswap Permit2 transaction. The Attack The latest victim fell prey to […]
Crypto Funds See $407 Million Inflows Amid Political Shifts
Global crypto funds experienced a sharp reversal last week, with net inflows totaling $407 million, following $147 million in outflows the previous week, according to CoinShares. This sudden uptick in investment comes as political developments in the U.S. take center stage, ahead of the presidential election in November. Leading asset managers like BlackRock, Bitwise, Fidelity, […]
Binance Exec Denied Bail Amid Health Crisis
Tigran Gambaryan, a high-ranking Binance executive, has been denied bail despite severe health complications, according to a family spokesperson. Gambaryan, who oversees Binance’s financial crime compliance, has been in Nigerian custody since February and is reportedly suffering from a herniated disc in his back, causing debilitating pain. His family has been pushing for his release […]
Crypto Shrugs Off SEC Action Against Cumberland
Thursday’s announcement that the U.S. Securities and Exchange Commission (SEC) had filed charges against crypto market maker and liquidity provider Cumberland DRW barely stirred the crypto market. Despite Bitcoin briefly dipping below $60,000 prior to the news, the world’s largest cryptocurrency has since stabilized, according to data from CoinGecko. Resilience in the Face of Regulation […]
Uniswap Unveils Unichain Layer-2 Network Built on Optimism
Leading Ethereum decentralized exchange (DEX) Uniswap has announced plans to launch its own layer-2 network, Unichain, to address key issues in decentralized finance (DeFi). Set to be built using Optimism’s cutting-edge technology. This new development will aim to lower transaction costs, speed up transaction times, and create more liquidity across multiple blockchains. Uniswap’s entrance into […]
Thai SEC Proposes Crypto Investment Rules for Funds
The Thai Securities and Exchange Commission (SEC) is taking a progressive step towards integrating digital assets into traditional investment portfolios by proposing new regulations that would allow mutual and private funds to engage in cryptocurrency investments. This initiative aims to modernize Thailand’s investment landscape and cater to the growing interest from institutional investors. Overview of […]
FTX Seeks Settlement with Former CEO Caroline Ellison
FTX is pushing forward with a legal motion to secure a settlement that would see Caroline Ellison, former CEO of Alameda Research. Surrendering nearly all her assets to the company’s creditors. This request was officially submitted to the court on October 7th, seeking approval for terms that would leave Ellison with minimal personal assets. Let’s […]
AI’s Impact on Software Engineering
The rapidly advancing field of Generative AI is poised to revolutionize the software engineering industry. According to a recent report by Gartner. The report predicts that within the next three years, 80% of engineers worldwide will need to upskill to adapt to new AI-driven methodologies that are transforming their field. The Phases of AI Integration […]
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