FreeCryptoCurrency.Me

Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet. Trezor says it acknowledged a similar-sounding attack vector a few years ago.

The Fantom Foundation – the team developing the Fantom blockchain – removed millions of dollars in liquidity from a trading pool for the native token of Multichain on Wednesday, compounding concerns over the cross-chain bridging protocol’s stability.

The startup looking to create a global blockchain-based identification system using iris scans is getting duped by Chinese users.

Exchange infrastructure provider 0x released Wednesday its newest iteration of Matcha, a decentralized exchange (DEX) aggregator, which incorporates several features focused on enhancing the trading experience for users.

Orionx plans to expand into Mexico, Peru and Colombia by 2024.

Lending project Aave’s governing forum is mulling the proposed implementation of its version 3 on Base, the Layer 2 blockchain supported by Coinbase.

The proposal was brought forward on Wednesday by Francis Gowen, a protocol specialist at the analytics firm Flipside Crypto who also serves as a delegate and contributor to Aave. It’s currently undergoing an initial “temperature check” stage, when Aave community members can provide feedback.

In the proposal, Gowen outlined suggested risk parameters for assets slated for deployment on Base. If the current phase secures enough preliminary votes of support, the proposal will transition to the next stage for further discussion and risk parameter evaluations. If successful, the proposal will advance to a final on-chain vote, paving the way for deployment.

Gowen’s proposal also suggested that integrating Aave with Base could create significant revenue streams for the project and provide it access to a potentially large user base, an expectation underscored by robust developer activity observed during Base’s initial phase. For instance, 18,000 developers have already deployed 55,000 smart contracts on the testnet, signaling strong growth potential for the mainnet upon launch.

Aave lets users lend, borrow and accrue interest

Aave v3 is the third major iteration of the Aave protocol, a decentralized and non-custodial liquidity market protocol that enables users to lend, borrow and accrue interest on various crypto assets, encompassing stablecoins and other tokens. 

If greenlit, the proposal would be beneficial for the Base network, which is currently in its testnet phase. The project initially rolled out in February, with plans for a mainnet launch later in the year. The Aave proposal comes a week after Uniswap, the largest decentralized exchange, started deliberations regarding an expansion to Base.

Built on the OP Stack, the Base network is backed by Coinbase and functions as a rollup network, executing off-chain computations on a secondary layer for faster, cheaper transactions, while maintaining the security benefits of the Ethereum mainnet. It’s designed to be a cost-effective Layer 2, serving as a home for Coinbase’s on-chain products.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ava Labs says that new tool will create greater revenue opportunities and “sets the stage for mass adoption-ready cloud-based infrastructure in blockchain.”

Matter Labs hired former Activision Blizzard Vice President of Community Michael Lee as its senior vice president of growth, to focus on bringing gaming to its zkSync platform.

At Activision, Lee was focused on its 400 million-strong community across its major games, such as Call of Duty and Overwatch.

“Crypto is still waiting for its killer app. My personal thesis is — only an epic game has the potential to launch to a million players overnight and quickly scale to ten million if beautifully designed and fun to play,” Lee said in a statement.

Lee will be focused on amplifying zkSync in the gaming sector and using it to reach a wider audience beyond just crypto natives. ZkSync is a Layer 2 network built on Ethereum that offers faster transactions at a lower cost, while still relying on Ethereum’s level of security.

“Currently, the lack of proper infrastructure has been a massive blocker,” Lee said, adding that zkSync would support game development by AAA studios or crypto-curious elite game developers.

This isn’t his first foray into crypto. Prior to Activision, Lee was a vice president at Dfinity, the makers of the Internet Computer Protocol, where he similarly focused on global marketing and communications.

Nor is this the first Activision executive to move into the crypto realm in recent weeks. Last month, Daniel Alegre, former president and chief operating officer of Activision, joined Yuga Labs — the company behind Bored Ape Yacht Club — as CEO.

Matter Labs has already made some headway into the gaming sphere. There are 13 games being developed on the network and two of them are already live. Among them, WEMADE, creator of the game Legend of Mir — which has sold over 500 million copies — is building a game called WEMIX.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

SOFR – which Voltz’s new product is tied to through the Avalanche blockchain – is used to set interest rates on TradFi loans, bonds and other products in the U.S.

The fund was founded by Patrick Chang, an active angel investor in the crypto industry.