A distributed ledger that stores data and verifies transfers across an interconnected network is known as a blockchain. A "block" is first formed before any information can be added to a blockchain.
After being verified by network nodes, blocks are added to the blockchain. Before a block is placed, there must be a consensus among the nodes to ensure that the information is accurate and reliable. Additionally, since every block on the blockchain is immutable, any change to one block would also affect all blocks that came before it.
A $97,000 "bounty" has been collected from the hacker responsible for stealing $1.59 million in funds from the decentralized finance lending platform Tender.fi.
Tender.fi confirmed the exploit on Twitter, citing "an unusual amount of borrows," which was carried out on March 7. After that, it stopped all borrowing.
According to data on the Blockchain, the hacker was able to take advantage of a price glitch in Oracle to steal the funds by depositing just one GMX token, worth $71. Your oracle appears to have been misconfigured. In an on-chain message, the hacker said, "Contact me to resolve this."
DeFi protocol revealed less than nine hours later that it had reached an agreement with the hacker to return the stolen funds, minus a $97,000 bounty of 62.16 ETH. The hacker was referred to by DeFi as a "White Hat."
At the Lourve Museum in Paris, a new collection by an artist who makes NFTs with AI is going to be on display. According to Variety, the collection by Claire Silver, titled "can I tell you a secret," is an "autobiographical series of 100 post-photography pieces created with AI."
William Morris's list of Web3 talent now includes Dapper Labs and CryptoKitties co-founder Mack Flavelle, the NFT gallery Bright Moments, the NFT project Non-Fungible Heroes, the NFT startup Boss Beauties, and the NFT artist Valfré.
Its list of Web3 talent now includes NFT artists such as Dapper Labs and CryptoKitties co-founder Mack Flavelle, the NFT gallery Bright Moments, the NFT project Non-Fungible Heroes, the NFT startup Boss Beauties, and the NFT artist Valfré.
Bkcoin and Kang are accused by the SEC of "orchestrating a $100 million crypto fraud scheme" and "successfully obtaining an asset freeze, the appointment of a receiver, and other emergency relief," the SEC states. At least 55 crypto asset investors contributed approximately $100 million to the Bitcoin fundraising effort.
According to the SEC, Bkcoin and Kang "represented that Bkcoin would generate returns for investors through separately managed accounts and five private funds" and "assured investors that their money would be used primarily to trade crypto assets."
The platform, which will be called Amazon Digital Marketplace, will sell 15 NFT collections and give customers NFT rewards for buying real-world assets from Amazon. CEO Andy Jassy has stated, "I expect that NFTs will continue to grow very significantly," expressing qualified support for crypto and NFTs. We probably won't add cryptocurrency as a payment method to our retail business, but I do think that crypto will grow in popularity over time and that Amazon might start accepting cryptocurrency payments.
Last month, Amazon supported NFT stage Superplastic with $20 million in a Series A buy. The move is regarded as evidence of Amazon's plan to make use of Web3 technology.
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