The blockchain Ethereum saw a chain split today as a software bug affected a large quantity of full node clients.
And threatening to put traditional banks out of business. What would a world without banks look like, and would you even miss them? https://econ.st/3s76sYS
El Salvador began installing Bitcoin ATMs, allowing its citizens to convert the cryptocurrency into U.S. dollars and withdraw it in cash, as part of the government’s plan to make the token legal tender.
The government will install 200 of the teller machines to initially accompany its digital wallet called Chivo, a local slang term for ‘cool,’ President Nayib Bukele said on Twitter. Transactions will be commission free, he said, adding that there will also be 50 financial branches across the country for withdrawing or depositing money.
Related: Ethereum’s London hard fork sets ETH on a more deflationary path
For some, it’s easier to burn money than to coordinate and fund public goods. As a confessed humanist, that’s massively disappointing to me. This fundamental shift would have been tremendous support for research and development and innovation that maximizes community benefit and the thriving (rather than survival) of more transparent nonprofits. Developments in this space would make unbelievable strides forward for Ethereum and broader society.
The building blocks are here for humans to coordinate and reward those who create a lasting impact. NFTs, DAOs and retroactive public funding make it easier to put humanity first. We’re at a monumental moment for pro-social organizations, where public goods like ending world hunger, championing human rights and economic empowerment can be designed for the long run.
Uptycs Threat Research Team has discovered malware that not only hijacks vulnerable *nix-based servers and uses them to mine cryptocurrency but actually modifies their CPU configurations in a bid to increase mining performance at the cost of performance in other applications.
Perpetrators use a Golang-based worm to exploit known vulnerabilities like CVE-2020–14882 (Oracle WebLogic) and CVE-2017–11610 (Supervisord) to gain access to Linux systems, reports The Record. Once they hijack a machine, they use model-specific registers (MSR) to disable the hardware prefetcher, a unit that fetches data and instructions from the memory into the L2 cache before they are needed.
Hackers have siphoned $611 million worth of cryptocurrencies from a blockchain-based financial network in what’s believed to be one of the largest heists targeting the digital asset industry, putting it ahead of breaches targeting exchanges Coincheck and Mt. Gox in recent years.
Poly Network, a China-based cross-chain decentralized finance (DeFi) platform for swapping tokens across multiple blockchains such as Bitcoin and Ethereum, on Tuesday disclosed unidentified actors had exploited a vulnerability in its system to plunder thousands of digital tokens such as Ether.
“The hacker exploited a vulnerability between contract calls,” Poly Network said.
The U.S. dollar remains the world’s de facto monetary reserve, but with China going full speed ahead with its digital yuan, that could be in jeopardy. Researchers are digging into regulated online money called Central Bank Digital Currencies, or CBDCs, and what that could look like in the U.S.
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision.
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic.
Continue reading “Could China Dethrone The U.S. Dollar With A Digital Yuan?” »
The SENS Research Foundation has apparently already raised four times its annual income thanks to the PulseChain Airdrop.
The PulseChain airdrop supporting aging research
Richard Heart, the founder of HEX, is about to launch a new cryptocurrency called PulseChain. As part of that launch, he has also arranged an airdrop to give away some of the new cryptocurrency in order to support the SENS Research Foundation (SRF).
