A new Ethereum proposal, EIP-3368, meant to increase miner rewards, has generated major pushback from the cryptocurrency’s community members like Aftab Hossain, who thinks the proposal distorts Ethereum’s “minimum viable issuance” monetary policy which aims to keep mining rewards as low as possible without compromising security. EIP-3368 proposes to increase the Ethereum block reward from…

Hackers compromised PancakeSwap’s and Cream Finance’s websites yesterday.  The Domain Name Service (DNS) attack modified the affected protocols’ website to display a request for the user’s seed phrase, which, if submitted, would compromise their entire account. PancakeSwap and Cream urged their users to stay away from their URLs as they scrambled to regain control of…

Social money issuer Roll was hacked for nearly $5.7M of creator tokens held in hot wallets on the platform over the weekend. Using Roll’s private keys, the hacker made off with tokens from 400+ creators on the platform. They immediately sold into Uniswap pools created around the vulnerable social tokens and transferred the ETH via…

Long, long ago, four billion MoonCats were lost in space. For years, these poor digital cats were doomed to languish in the wasteland of forgotten blockchain projects…until now. MoonCats to the Moon If you’ve followed OpenSea’s NFT ranking list over the past few days, you may have noticed a new, mysterious project called “Wrapped MoonCatsRescue”…

As a developer building on the bleeding edge of the web3 ecosystem, I can’t help but feel we have just begun to explore this design space.  We are still discovering all of the completely new ways this technology will change the world. I see one trend in particular that will unlock a ton of value: Decentralized…

In this week’s episode we speak with Mike Novogratz, the CEO of Galaxy Digital. He started his career at Goldman Sachs and then led a macro hedge fund at Fortress, which was shuttered in 2015. He then went all-in on crypto, in part thanks to convincing from his college roommate Joe Lubin, and founded Galaxy Digital,…

It’s official. NFTs have exploded. Prompting a wild free for all on one side with numbers you can scarcely believe and deep and justified skepticism on the other. But the problem is most have only the most rudimentary understanding of what NFTs are and what they can do. So I set myself the goal of…

Uniswap continues to grow both in fundamentals and price action. In spite of a macro correction, where the Nasdaq retraced over 10% and Ether 30%, UNI and other DEX tokens continue to outperform. With the Coinbase IPO closing in and the $1.9T stimulus approved, the perfect storm may be brewing for DEX tokens.  UNI and…

A 21,069 x 21,069 pixels jpg file attached to an Ethereum token sold today for $69M in ETH at Christie’s, the world’s oldest fine art auctioneer. Of course, we’re talking about Beeple’s “Everydays: The First 5,000 Days.” The sale was not only a record for an NFT; it was also the third-most expensive work from…

Move over legacy M&A, on-chain protocol mergers are coming to town. Proposals for merging Keep and Nucypher are live on both projects’ forums. The projects are threshold cryptography networks, which protect information by encrypting it and then requiring a certain number of parties to decrypt it) networks. The potential merge is the first of its…