Yam plans protocol overhaul despite first successful V3 rebase

Despite Yam’s first post-relaunch rebase executing successfully, its developers are planning many more changes to the protocol. Yam, the decentralized finance (DeFi) sector’s original food-themed clone protocol, has successfully completed its first rebase since its V3 relaunch. Yam’s relaunch on September 18 followed the spectacular failure of Yam V2 last month — where a bug […]

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Developer reveals ‘biggest unsolvable Lightning attack vector’

Larger payment channels on Bitcoin’s Lightning network could be exploited according to an independent developer Independent Bitcoin Lightning developer, Joost Jager, has outlined an exploit of the micro-payments network that could result in channels being compromised with very little effort and negligible cost. However, he said he’s hard at work on a possible solution. 1/ […]

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South Korean regulator is wary of NFT-based games

The South Korean gaming regulator is reluctant to embrace NFTs. The South Korean blockchain gaming industry is concerned regulators are looking unfavorably on non-fungible token based games, after the Game Rating and Administration Committee (GRAC) postponed an application for the NTF-based Five Stars on September 22.  According to iNews24, the watchdog decided to hold off […]

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You won’t believe the depths to which crypto scammers on Twitter are willing to sink

Twitter doesn’t seem able to move fast enough to stop thieves from grossly misusing their platform. Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter. Shortly into our conversation, he graciously offered me an investment opportunity in “Bitcoin trading/mining”, courtesy of a platform that he alleged was associated with Binance.  A tale […]

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Major banks implicated in the FinCen leak take a beating in the stock market

Banks cleared over $2 trillion in “suspicious” transactions. How did crypto fare in comparison? The major banks who were mentioned in the recent FinCen leak were subsequently thrashed by the market today. According to the investigation conducted by the International Consortium of Investigative Journalists, over the 20-year period from 1997 to 2017, the listed financial institutions […]

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