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An Ethereum VR Game Featuring Atari and Care Bears Sells Plots of Virtual Land for $76K

An Ethereum VR Game Featuring Atari and Care Bears Sells Plot of Virtual Land for $76KA great number of Non-fungible tokens (NFTs) have been selling on various marketplaces this year creating tens of thousands of dollars in NFT sales. One particular platform called The Sandbox has been selling virtual land parcels for thousands of dollars worth of ether. The Sandbox is a virtual world that lets players create and own […]

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Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’

Over $1 Billion in Ethereum-Based Tokens Vulnerable to 'Fake Deposit Exploit'A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit smart contracts. Researchers from the University of Queensland, Beijing University of […]

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Ethereum’s 2020 Defi Boom Doubles Active Ether Addresses, But Fees Skyrocket

Ethereum's 2020 Defi Boom Doubles Active Ether Addresses, But Fees SkyrocketThe number of active Ethereum addresses has grown aggressively in 2020 because of the decentralized finance (defi) boom. Active Ethereum addresses doubled in size leaving networks like Tron, Cardano, and EOS in the dust. There’s a lot happening in the world of decentralized finance (defi) with things like synthetic bitcoin (WBTC), stablecoins, yield farming, decentralized […]

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Aggregate ERC20 Market Cap Outpaces Valuation of ETH in Circulation by $2 Billion

Aggregate ERC20 Market Cap Outpaces Valuation of ETH in Circulation by $2 BillionData now shows that the aggregate market valuation for all the ERC20 tokens in existence has surpassed the market capitalization of Ethereum’s native coins. According to data, the net worth of the ERC20 token ecosystem is roughly $2.5 billion larger than the $26.7 billion Ethereum valuation. The cryptocurrency community has been discussing the aggregate market […]

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‘Sophisticated’ Hacker Plunders $450,000 From Defi Protocol Balancer

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol BalancerDecentralized finance (Defi) protocol ​Balancer was on Sunday hacked for more than $450,000 worth of cryptocurrency. In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens. Pools with Sta and Stonk tokens were affected by this exploit, Balancer, an automated market marker protocol, said on […]

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