Alameda-backed ChainSwap, a platform that bridges Ethereum to Binance Smart Chain, fell victim to another attack last night.
Category: cryptocurrencies – Page 39
ChainSwap Exploited: Projects Using The Bridge Protocol Crashed 99%
Following a second exploit in 9 days, over 14 tokens listed on the ChainSwap bridge have plunged 99%. The company insists: funds from individual wallets are safe.
ChainSwap, a cross-chain asset bridge and application smart chain, has become the latest victim of the increasingly worrying exploits happening in the DeFi ecosystem that has caused the sector to lose hundreds of millions of dollars since the start of the year.
What is ChainSwap?
As a hub for smart chains, the ChainSwap protocol acts as a defi bridge for projects and users to seamlessly move assets between different blockchains like Ethereum (ERC20), Binance Smart Chain (BSC), and Huobi’s ECO Chain.
3,800 PS4s found and seized from a cryptocurrency farm in Ukraine
WTF?! On Thursday the Security Service of Ukraine (SSU) reported that they had shut down a cryptomining operation in the city of Vinnytsia, seizing over 500 GPUs and 50 processors — and a bunch of Playstation 4s. Consoles built on 2013-era technology might not be great at mining, but they don’t need to be when you have 3800 of them.
Although the market for GPUs is starting to improve, and dedicated ASICs might be on the way to relieve demand, it seems that one group of enterprising cryptocurrency miners have turned to last-gen console hardware to get things done.
From the photos provided by the SSU, it looks like these consoles are of the PS4 Slim variety, the 2016 refresh of the original console from three years prior. Mostly obsolete for newer games, it’s not at all surprising that so many could be sourced en masse so easily.
Scientist Invents Toilet That Turns Poop Into Green Energy
The toilet could turn roughly a pound of solid human waste, the average amount a human poops in a day, into an impressive 50 liters of methane gas, according to Cho. That means it can generate half a kilowatt hour of electricity, enough to drive an electric car for three quarters of a mile.
And because its 2021 — a day and age in which nothing is safe from the world of cryptocurrencies — Cho came up with a virtual currency called Ggool, or “honey” in Korean. Every use of the toilet scores you 10 Ggool per day, which can be used to buy stuff on the university’s campus.
“I had only ever thought that feces are dirty, but now it is a treasure of great value to me,” a postgraduate student Heo Hui-jin who’s both earned and spent Ggool, told Reuters. “I even talk about feces during mealtimes to think about buying any book I want.”
South African brothers disappear with $3.6B in bitcoin in alleged heist
Two brothers in South Africa have disappeared along with $3.6 billion worth of bitcoin that was housed on their cryptocurrency investment platform, according to a Cape Town law firm hired by investors to investigate the alleged heist.
The law firm, Hanekom Attorneys, said it has reported the incident to the Hawks, an elite unit of South Africa’s national police force. Hanekom has also reported the matter to South African financial regulators and crypto exchanges around the world.
The brothers, Ameer and Raees Cajee, set up their crypto investment service, Africrypt, in 2019.
The Pentagon Just COPIED SpaceX and Elon Musk
Fast transport of equipment and personnel using rockets similar to that of SpaceX.
Travelling through space will be far faster than atmospheric flight.
Using Starlink satellites to improve tracking and GPS.
Recently, the U.S Pentagon has been awarding most of its contracts to Elon Musk and his aerospace company, SpaceX! Stay tuned to find out more and subscribe to Futurity.
#spacex #elonMusk #starship.
AMD & NVIDIA Graphics Card Prices Returning To Normal As GPU Supply & Availability Continues To Improve
AMD & NVIDIA graphics card prices are showing signs of recovery with improves supply & availability as we enter the third quarter of 2021.
AMD & NVIDIA graphics card prices are showing signs of recovery as we enter the third quarter of 2021. Based on 3DCenter’s latest report, it looks like the worst is over and GPU supply is returning to normal as seen on various European retailers.
AMD & NVIDIA Graphics Card Prices Returning To Normal As GPU Market Shows Signs of Recovery, Availability and Supply Improving Too
Just last month, we had seen the graphics card prices peak to an insane three times over the MSRP. While GPU shortages were primarily to blame, the cryptocurrency and gaming demand both led to insane price hikes for AMD and NVIDIA graphics cards across the globe. NVIDIA’s GeForce graphics cards peaked at over 3x the MSRP while AMD graphics cards peaked at over 2x the MSRP but in the latest reports, we see continued improvement but there’s still a long way to go before we see these cards back at their official MSRPs.
How scientists are embracing NFTs
The arguments over NFTs in science are similarly heated, with some saying they provide an incentive to showcase science to the public; a new method of fundraising; and even a way for people to earn royalties when pharmaceutical companies buy access to their genomic data. Others say that NFTs — which operate in a similar way to digital cryptocurrencies — are just needless energy pouring into a market bubble that’s sure to burst.
Is a trend of auctioning non-fungible tokens based on scientific data a fascinating art fad, an environmental disaster or the future of monetized genomics?