In a now-deleted deleted profile, an anonymous Reddit user allegedly lost close to $500k on Sunday after sending wrapped Ether (wETH) directly into a wETH wrapping smart contract. wETH came into existence as a way for Ether (ETH) to conform to the ERC-20 token standard so that it can be traded directly with altcoins minted on the Ethereum blockchain.To wrap Ether, users first … [Read more...] about Blockchain enthusiast allegedly losses $500k by sending WETH to contract address
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CoinMarketCap allegedly lists 3 fake SHIB contract addresses, Twitter firestorm ensues
A bit Twitter drama ensued on Thursday, continuing well into Friday afternoon, when developers behind popular meme token Shiba Inu (SHIB) issued a statement alleging that CoinMarketCap had listed three fake SHIB contract addresses belonging to the Binance Smart Chain (BNB), Solana (SOL), and Terra Luna (LUNA) blockchains. The staff at Shiba Inu claimed that the addresses were … [Read more...] about CoinMarketCap allegedly lists 3 fake SHIB contract addresses, Twitter firestorm ensues
Axis Bank issues financial contract on state-backed blockchain platform
Indian financial services giant Axis Bank issued a financial contract between two domestic businesses by using a government-backed blockchain platform called Secured Logistics Document Exchange (SLDE).SLDE was developed and released on Jul. 28, 2021, by India’s Ministry of Commerce & Industry to serve as a digital document exchange platform that uses blockchain-based … [Read more...] about Axis Bank issues financial contract on state-backed blockchain platform
Iota set to launch decentralized smart contract platform to expand Web3 ecosystem
Iota has announced the release of decentralized layer-one smart contract network Assembly, and accompanying ASMB token, in a bid to accelerate the expansion of smart contracts across a multitude of sectors, including decentralized finance (DeFi) and nonfungible tokens (NFTs).Assembly utilizes the Iota network's existing architecture, most notably the directed acyclic graph … [Read more...] about Iota set to launch decentralized smart contract platform to expand Web3 ecosystem
Three steps towards choosing the right smart contract auditor
Choosing the right auditor is not easy. In this post, I will give you some tips from my own experience on how to tell a good smart contract audit company from a not very good one.How to do the initial selection?The quickest way to filter off the audit companies that will not be worth your while is to look at the portfolios they have got. You or your team will need to do some … [Read more...] about Three steps towards choosing the right smart contract auditor