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The bug would have allowed malicious validators to compromise the network and applications that rely on it, including Celer’s cBridge. Web3 investor and developer Jump Crypto has identified a vulner ability in Celer’s State Guardian Network (SGN) that would allow malicious validators to compromise the network and applications dependent on it, including Celer’s cBridge. According to Jump Crypto’s postmortem report, validators were allowed to vote more than once on the same update due to a bug in the SGN EndBlocker code. By allowing validators to vote multiple times, malicious actors could multiply their voting power to approve harmful updates. The report explained: “The [EndBlocker] code is missing a check that prevents a validator from voting on the same update twice. A malicious validator could exploit this by voting multiple times on the same update, effectively multiplying their voting power and potentially tipping the vote in favor of an invalid or malicious update." Celer...

Hong Kong’s Financial Secretary believes that Web3 will bring the next wave of breakthrough growth in entertainment. The Hong Kong official is betting on NFT, GameFi, Play to Earn, and immersive entertainment. The secretary recently inaugurated the Web3 Life Experience Hall in Cyberport, Hong Kong. Paul Chan, the Financial Secretary of Hong Kong, believes that web3 and block chain technology will drive the next wave of growth in the entertainment space. The government official is confident that non-fungible tokens (NFT), GameFi, Play to Earn, and immersive entertainment will help the industry, given the interest they attract from entertainment giants around the globe. According to a blog post by the Financial Secretary of the Government of the Hong Kong Special Administrative Region, Web3 and Block chain technology are expected to play a significant role in the global online entertainment market. The market itself is expected to have a compound annual growt...

Stay ahead of the curve and develop in-demand programming skills with seven sought-after programming languages, including Python, Solidity, Rust and more. In the ever-evolving landscape of technology, programming languages play a crucial role in shaping the digital world. Aspiring developers and seasoned professionals alike are constantly seeking programming languages that offer both versatility and high demand in the job market.  This article will explore the seven most in -demand programming languages worth learn ing today. From web development to blockchain and data management, these languages cover a wide range of domains and provide promising career opportunities. Let’s dive in and discover the top contenders. What is a programming language? A programming language is a formal language used to communicate instructions to a computer. It provides a set of rules and syntax that allows programmers to write code to perform specific tasks or operations. Programming languages serve a...

1. Ethereum’s Weekly Summary a. The 116th Ethereum All Core Developer Consensus Meeting (ACDC) link On August 25th, Christine Kim, the Vice President of Galaxy Research, posted a summary of the 116th Ethereum All Core Developer Consensus Meeting (ACDC). Developers confirmed that all EL and CL clients have joined the Dencun testnet Devnet 8, but Besu and Erigon are yet to run validators. Jayanthi submitted an overview document for the Dencun upgrade tests, which includes EVM-related tests for Dencun EIPs impacting EVM, synchronization tests of blocks and blobs between EL and CL clients, and user assessments of chaos testing under different chaotic conditions. Plans for launching Devnet 9 were discussed, along with some issues in the Holesky testnet. b. Genesis File for Ethereum Public Testnet Holesky Successfully Created link On August 26th, according to Ethereum developer @parithosh_j, the genesis file for the Ethereum public testnet Holesky has been generated. It has been confirmed to...

XRP Advocate Deaton Predicts Pre-Election Rate Reduction Responding to this observation, prominent XRP advocate John Deaton pointed out that such numbers hint at an impending shift. Speculating on future actions, Deaton suggested the Federal Reserve might opt to lower rates before the upcoming election. Charlie also stated that the above-mentioned transformation corresponds to a $20,000 jump in down payment (20% down) and a staggering 117% surge in monthly payment, from $1,020 to $2,216. This context dovetails with recent reports indicating the interest rate on the most popular US home loan reached its highest point since December 2000, culminating in mortgage applications sinking to a 28-year low, Reuters reported. The Mortgage Bankers Association disclosed that the average contract rate on a 30-year fixed-rate mortgage escalated by 15 basis points to 7.31% in the week ending August 18. This movement was propelled by surging government bond yields reminiscent of the 2007-2009 fin...

In a recent interview, Charles Hoskinson confirmed that the United States Securities and Exchange Commission (SEC) has no plans to take action against Cardano. This news was reassuring and is amid the uncertainty in the crypto regulatory landscape. Regulations surrounding crypto have sparked extensive discussions and speculations. As various projects, including exchanges like Binance and Coinbase, are scrutinized, investors and enthusiasts are actively seeking clarity on how specific digital assets, including ADA, are being approached by regulators. You might also like: Charles Hoskinson: Bitcoin Ordinals ‘could look better’ on Cardano In the interview, Hoskinson, who is the founder of Cardano, said he positively engaged with the SEC, where they recognized the platform’s commitment to compliance. The founder also mentioned that the SEC’s actions against crypto companies are driven more by politics than securities regulations. The root case to all this, he ...

The Shiba Inu ecosystem has been witnessing an array of activities within the network. Just when the focus has been on Shibarium, the layer-2 solution, a whale has caught the eye of the community. Whale Alert, a platform monitoring blockchains, disclosed that a mysterious large investor bought 708.41 billion SHIB. This transfer was worth about $5.99 million and was purchased from Gemini, a crypto exchange. According to information from Etherscan.io, this substantial acquisition took place through a single transaction. Source As per Etherscan’s records, there was an additional withdrawal of SHIB from the same exchange, although this one was significantly smaller, totaling 48,426,150 SHIB. Notably, subsequent to the withdrawals by the unidentified large investor mentioned earlier, they initiated two transactions. These transactions involved sending the previously mentioned 708 billion SHIB along with an additional 1.2 million SHIB to another wallet with the address 0xa21A16EC22a...

Unstoppable Domains now allows owners of .crypto, .polygon and other Web3 usernames to send messages to each other through multiple messaging apps. Unstoppable Domains (UD) has launch ed an instant messaging system for owners of Web3 usernames, according to an Aug. 23 announcement from principal engineer Aaron Quirk. Owners of .crypto, .wallet, .polygon or other UD-registered usernames can now message each other across most apps that use XMTP, including the UD iOS app and website, Coinbase Wallet, and Lens protocol apps such as Lenster and Buttrfly. The announcement clarified that the Android version of UD will not provide messaging at launch but will provide this feature soon. Unstoppable Messaging is here. Built on top of @xmtp_, now you can easily send and receive DMs with your Web3 domain. Message any wallet address or domain on XMTP-enabled platforms, including @CoinbaseWallet and @LensProtocol apps.https://t.co/oEiHMrtUiZ pic.twitter.com/DbFIjTAa7E — unstoppable.x (@uns...

Earlier today, a well-known platform called Shibburn posted a tweet that unveiled a fresh initiative. Shibburn has primarily been dedicated to informing the community about the tokens being burned within the network. However, Shibburn has decided to double down on its interest and commitment to the network by introducing the ‘Shib Association.’ In a fairly long tweet, the network introduced the establishment of the SHIB Association. Shibburn conveyed that this platform will exclusively concentrate on Shiba Inu. Their aim is to contribute utility and innovation to SHIB, through the development of its own blockchain. Many already know that I've done my best to help the community regarding any information they needed about burns. I thought things would be a little different today, not quite how I imagined it. I guess we have a different vision. We're going to keep our focus solely on SHIB.… — Shibburn (@shibburn) August 23, 2023 Shibburn further clari...

The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws. Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS). On Aug. 22, the Consultative Group of Directors of Financial Stability (CGDFS) released a new report on cryptocurrencies, titled “Financial stability risks from crypto assets in emerging market economies.” The study was conducted by BIS member central banks within the CGDFS, including those in Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru and the United States. The document emphasized that the views expressed are those of the authors and “not necessarily the views of the BIS.” According to the authors of the study, cryptocurrencies like Bitcoin hold out the “illusory appeal” of being a quick solution for finan...

Despite the competition between the two sectors, Hive Digital Technologies CEO Aydin Kilic said that blockchain and AI can work to the benefit of each other. Crypto mining firm Hive Blockchain sent a signal to the tech industry when it dropped “ blockchain ” from its namesake in July, opting to call itself Hive Digital Technologies and reflect its artificial intelligence foray. The decision is part of a wider movement from crypto miner s to pivot outside of digital currency mining, amid depressed crypto prices. January saw crypto mining firm Riot Blockchain rebrand to Riot Platforms while June saw crypto miner Applied Digital announce a $460 million deal to host AI cloud computing in its data center. Since ETH mining ended in September 2022, $HIVE has been transforming its fleet of 38,000 Nvidia GPUs from miner s into cloud infrastructure, marking the next stage of our evolution into a diversified data center operator. Read the latest HIVE Newsletter: https://t.co/raHqwMMalv pic.twit...

China’s state-owned telecoms operator China Mobile is proposing global metaverse guidelines to the United Nations that bear eery similarities to the country’s controversial social credit system, Politico reported on Sunday. A “digital identity system” for all metaverse users could be based on a mix of “natural characteristics” and “social characteristics.” Data points like occupation can be “permanently” stored and shared with police to “keep the order and safety of the virtual world,” China Mobile proposals state. The guidelines are part of discussions between officials at the UN’s telecoms agency, the International Telecommunication Union (ITU), and tech experts. Experts who reviewed China Mobile’s proposals said metaverse users would be at risk of privacy and freedom violations if they were adopted. “To build a unified digital identity system, to give each human a unique digital ID that include...

The crypto crash registered on Thursday, August 17, instilled fear and dented the investor sentiment. Nevertheless, the market was quick to get back on its feet. Shiba Inu created a low around $0.00000725. However, at press time, it was up by almost 18.89% and was seen exchanging hands at $0.00000862. SHIB/USDT by TradingView Also Read: Shiba Inu: How Much Did SHIB Rise from 2021 to 2023? Shibarium ’s mainnet recently made its debut. Owing to the alleged bridge issues, the launch was considered to be rocky. However, the lead developer of the protocol, Shytoshi Kusama dispelled all fears and confirmed that the bridge was functioning without any problems. Furthermore, he reassured that all the investor investments were secure. The community interest associated with Shibarium has also substantially risen over the past few days. According to data available on Google Trends at press time, the search volume for this particular keyword sprung to a new high this week. So...

BTC’s price fell below the crucial $26K mark over the past 24 hours. Santiment warns that BTC’s price may continue to drop in the coming few days as whale activity continues. BTC could rebound back above the $28,295.38 level if it is able to break above the 200-day EMA line. The price of the market leader Bitcoin (BTC) fell below $26K over the past 24 hours, according to CoinMarketCap. During this period, the cryptocurrency’s price had fallen to a low of $25,409.11. This was after BTC had reached a 24-hour high of $28,655.50. The leading cryptocurrency was able to recover somewhat to trade above $26K at press time. Nevertheless, BTC’s price was still down 7.44% for the day. Although the total cryptocurrency market cap plummeted 6.74% throughout the past day of trading, BTC’s was slightly outperformed by the altcoin market, as its dominance slipped 0.41%. Following the market-wide selloff, the blockchain intelligence firm Santiment warned that the dust may...

Stablecoin operator Tether is building specialized Bitcoin mining software aimed at using data analytics to optimize mining operations and boost production, CTO Paolo Ardoino says. Stablecoin issuer Tether (USDT) is building specialized software to optimize Bitcoin mining and renewable energy operating using data analytics, following recent investment endeavors into both categories. In conversation with Cointelegraph, Tether CTO Paolo Ardoino expanded upon details of its in-development mining software which aims to deliver improved analytics and performance of mining sites. Related: Tether’s game plan in El Salvador: Why invest in Volcano Energy? Moria, named after the dwarven mining kingdom from The Lord of the Rings trilogy, is being built by Ardoino and a team of developers. Tether's CTO had previously shared details of the software in a recent social media post. Tether is investing in renewable energy production (with excess reserves / profits) and sustainable #bitcoin mini...

Ripple’s chief legal officer said no “extraordinary circumstance” in the case exists which warrants the Court to accept the SEC’s request for leave. Ripple Labs has voiced its opposition towards the United States securities regulator’s move towards filing an interlocutory appeal relating to the summary judgment laid down by U.S. District Court Judge Analisa Torres on Jul. 13. In an Aug. 16 letter to Torres of the Southern District of New York, Ripple’s lawyers explained that because the Securities and Exchange Commission failed to satisfy elements of the Howey test relating to Ripple’s distribution of XRP — a “legal question” — the Court should reject the SEC’s motion for leave to file an interlocutory appeal. An interlocutory appeal occurs when a ruling by a trial court is appeal ed while other aspects of the case are still proceeding and are only allowed under specific circumstances. Ripple’s lawyers believe it is more appropriate for the SEC to appeal the Court’s ruling after a f...

BlockFi announces the start of its Chapter 11 solicitation period, allowing creditors to vote on the bankruptcy plan. Blockfi has announced via Twitter that the solicitation period for creditor s under Chapter 11 has begun. During this time, the creditor s can vote on Blockfi’s bankruptcy plan. The Solicitation Period in BlockFi’s Chapter 11 Cases is now starting. During this period, all eligible creditor s will have the opportunity to vote on our Chapter 11 Plan. — BlockFi (@BlockFi) August 15, 2023 The company stated that all creditor s would receive the information under the solicitation package via email. They can submit the ballot until Sep. 11, 2023. The solicitation package includes all the data regarding the eligibility of each creditor and the steps to be followed for completing the ballot. After the solicitation period is over and the plan is approved, Chapter 11 will finish, and customers can get their refunds. You might also like: BlockFi victims set t...