ETC WAS REPLAY ATTACKED ON COINBASE 1630

In the wake of the DAO hack, which had dire implications for the Ethereum blockchain, multiple exchanges acknowledged the existence of new alternative tokens, Ether Classic, based on the original Ethereum code. Exchanges accepted the new “ETC.” Ultimately, Coinbase worked towards the same. That decision turned out to be costly, as the exchange found itself in the middle of the war between Ethereum and its “Classic” rival.

The biggest news over the past two months in Ethereum, until the $120 million Bitfinex hack, has been the $56 hack of Ethereum incubator, the DAO, and the subsequent mobilization for a hard fork. As the Coinbase example details, the DAO hack had implications for the Bitcoin industry. The hard fork resulted in a split of the original Ethereum chain, and some blockchain participants relaunched the original chain, including the DAO hack.

The chain caught on. It’s been adopted by major crypto currency exchanges such as Poloniex and Shapeshift.io. It’s trading on Poloniex at between twice and four times the number of Ethereum which are trading hands. As the sixth largest crypto-currency suddenly, it’s not for certain whether the Ethereum Classic blockchain – which has a native token trading under ETC – is here to stay. But, so far, it’s made waves.

That includes a replay attack made possible by the hard fork and subsequent ETC chain. The two versions of Ethereum are based on the original code, they simply adopt different histories of transactions. That means that transactions can be broadcast on both chains. Coinbase users tried to withdraw ETH from Coinbase and cash out in ETC on another exchange. They would thus have double the tokens associated with essentially the same code but different transaction histories. Cryptography experts refer to the situation as “totally new” in cryptography.

Coinbase suffered from exactly this attack. In a Reddit AMA held this week, the Coinbase security divulged more information in the wake of a tweet made by Coinbase CEO Brian Armstrong to clear up confusion in the Bitcoin industry.

“[A]pprox $40k USD of ETC was replay attacked against us that we’ve since fully recovered for our customers,” Rob-coinbase wrote. “We assumed the smaller fork would quickly fade and we were wrong. After seeing ETC gain traction we worked through the weekend to split all future ETH moving through our systems. Withdraw based limits and our hot/cold separation protected us from a bigger attack.”

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Massa Ecosystem’s Recent Hypergrowth Analyzed 2089

Massa’s testnet has become a magnet for more than 16 projects since its launch back in July 2021. Interest towards this innovative blockchain ecosystem has exploded since the beginning of this year. But what is it that makes Massa special?

Massa is an innovative blockchain network that aims to combine high performance with true decentralization from the ground up. The Massa testnet allows anyone to experiment with the protocol and witness its continuous improvements first-hand.

One of the main reasons why Massa attracted so many web3 pioneers in Q1 of this year is that it solves the common challenges that most Layer 1 blockchains face, such as high fees, low throughput, and centralization risks. Furthermore, Massa enables both developers and users to participate in the network governance and support the vision of a fully decentralized future.

The web3 community has clearly recognized the ultimate potential in Massa. The positive feedback from crypto developers reflects the values of the Massa core team, which is fully committed to creating a truly decentralized future. Blockchain developers are very selective and they prefer to build on blockchains that have set a clear goal to remain independent and free from any central authority. This might also explain why Massa has attracted so many projects on its testnet with only a modest seed round of 5 million USD. Unlike most Layer 1 blockchains that depend on millions of USD in ecosystem funds to lure projects, Massa’s organic ecosystem growth is remarkable.

What makes Massa’s vision so attractive to web3 developers?

Massa is a project with a dual vision for Web3’s future. It aims to provide a scalable and reliable infrastructure that allows dApps to operate in a fully decentralized and censorship-resistant manner. It also wants to ensure that smart contracts can survive on the blockchain even if the project that created them goes out of business. To make this possible, Massa hosts smart contracts on-chain and makes them serverless forever.

Additionally, Massa makes it easier for web2 developers to join the web3 movement. It uses AssemblyScript as its smart contract language, which lets any web developer write and deploy smart contracts with no extra hassle. Massa also has some unique features that distinguish it from other blockchains, such as autonomous smart contracts and web3-on-chain. These features make the network more attractive and powerful for both developers and users. The team hopes that Massa will be the platform where some of the most innovative and impactful dApps will emerge in 2023.

The perks of building projects on a supportive network

It’s important to also note that Massa is attracting more and more attention by offering customized support for every project and developer who wishes to join and contribute to its ecosystem. Projects can contact the Massa community tech support, which consists of easy-going and helpful people who are ready to assist newcomers to learn the basics of the technology. The official Discord server welcomes any questions.

The Massa team has set up two main support types geared towards projects that wish to build on the Massa chain:

Grants

Funding for projects is open to anyone in and around the community. All that is required is a creative idea. The team has the ability and desire to offer some financial assistance to the most innovative projects.

Incubation

Providing guidance for projects that require grass-roots assistance, such as initial funding or developer resources. The Massa team will evaluate the projects with strong long-term potential and determine if they meet the criteria for joining the Massa mentoring program.

Massa also offers a range of other services to projects in development, such as:

  • Advice on legal issues
  • Help with the incorporation process
  • Access to useful development resources
  • Additional funding opportunities
  • Marketing services
  • Support with creating a pitch deck, business model and tokenomics

Finally, and perhaps most importantly, it is worth remembering that the team behind Massa has solved the blockchain trilemma, thus creating a network that is secure, scalable and decentralized all at the same time. This is a real innovation in the blockchain space and it’s no wonder that the developers around the world are beginning to notice and want to join the Massa ecosystem.

Spark Protocol Announces Integration of Chainlink Price Feeds in First for MakerDAO Ecosystem 2065

Spark Protocol, a protocol powered by MakerDAO, the long-standing DeFi lending protocol behind the DAI decentralized stablecoin, announced today that it has successfully integrated the DAI/USD, ETH/USD, and stETH/USD Chainlink Price Feeds. In doing so, Spark Protocol is bolstering its oracle infrastructure with the industry-leading decentralized oracle network and pioneering the first integration of Chainlink Price Feeds in the MakerDAO ecosystem.

Sam MacPherson, CEO of Phoenix Labs said: “The integration of Chainlink Price Feeds was essential to bringing Spark Protocol online in a timely manner. We feel there is mutual benefit in continuing to build a relationship with Chainlink. Spark is all about openness and collaboration.”

Phoenix Labs is one of the contributors to Spark Protocol. Spark offers the lowest interest rates in DeFi through the D3M (DAI Direct Deposit module). Chainlink Price Feeds are integrated into the protocol’s lending protocol—Spark Lend—to help underpin its lending and borrowing services, which require high-quality price data to reliably price collateral value.

Johann Eid, VP of Go-To-Market at Chainlink Labs, said: “The ongoing collaboration between Chainlink and the Maker ecosystem is a huge win for DeFi. Both Chainlink and Maker are pioneers in this space, and the work being done across both ecosystems will help to ensure the continued success of not only DeFi, but the broader industry as well.”

This integration of Chainlink Price Feeds follows Maker’s integration of Chainlink Automation as part of its Keeper Network in February 2023.

About MakerDAO

MakerDAO is the decentralized autonomous organization (DAO) that powers the longest-standing DeFi lending protocol and enables the creation of DAI, the original decentralized stablecoin.

Governance of MakerDAO is completely decentralized, with proposals tabled and voted on by the Maker Community, comprising people from all over the world. Utilizing an embedded governance mechanism, the decentralized and self-sustaining Maker Community holds sole authority to enact changes to the Maker Protocol through on-chain voting, using the native governance token, MKR.

For more information about MakerDAO, visit makerdao.com.

About Spark Protocol

Spark Protocol is the underlying infrastructure for Spark Lend, a decentralized lending marketplace for supplying and borrowing crypto assets with a special focus on DAI. The Spark Protocol launch is part of the Endgame Era, a long-term restructuring improvement proposal for the DAO.

For more information about Spark, visit sparkprotocol.io

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

Adam J Ford: Setting the Golden Standard for Brokers at Wise Holdings 2123

Adam W bitcoin on stock market display screen 2022 12 15 22 32 09 utc

Adam J Ford is making waves in the financial world as a trusted advisor and mentor to many aspiring traders and investors. With over 12 years of experience in the industry, Ford has become a household name in the crypto market and has set a golden standard for brokers at Wise Holdings.

Born and raised in London, UK, Ford’s passion for finance and economics led him to attend New York University, where he earned a degree in finance. He then started his career on Wall Street as a junior analyst at a prominent investment bank and quickly worked his way up the ranks.

With his early years on Wall Street, Ford gained a deep understanding of the financial markets and honed his skills in risk management and portfolio diversification. He quickly became known for his ability to identify undervalued assets and make profitable trades, earning him a reputation as one of the top traders in the industry.

As digital currencies began to gain popularity, Ford saw an opportunity to expand his expertise and help others achieve financial success in the crypto market. He became a crypto trader and started his own advisory firm, offering personalized investment strategies and support to clients looking to make money in the crypto market.

One of Ford’s greatest strengths is his genuine care for his clients and his commitment to helping them achieve their financial goals. As a broker at Wise Holdings, he takes the time to understand each client’s individual needs and risk tolerance, crafting a tailored investment strategy that aligns with their goals. He provides ongoing support and guidance, regularly reviewing portfolios and making adjustments as needed to ensure clients are on track to reach their financial goals.

Dan, one of Ford’s clients, shared his experience working with him, saying, “Adam has been a game-changer for me. His expert advice and guidance have helped me achieve financial success beyond my wildest dreams. I feel that he genuinely cares about me and is committed to helping me achieve my goals. I couldn’t be more grateful for his expertise and support.”

Today, Ford works at Wise Holdings, a thriving advisory firm, and has a reputation as one of the most trusted and successful crypto traders in the industry. He continues to help clients make life-changing money in the crypto market and is passionate about helping others achieve financial freedom.

In Adam’s own words, “I love what I do, and I’m grateful for the opportunity to help my clients… It’s not just about making money; it’s what you choose to do with it that counts. “

In a world where the financial markets can be confusing and overwhelming, Ford provides a beacon of hope for those looking to make smart investments and achieve financial success. With his expertise, guidance, and unwavering commitment to his clients, he is helping to shape the future of the crypto market and create a better financial future for all.

Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana 2247

Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/.

The platform aims to revolutionize the way users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for creating, managing, buying, and selling funds.

Symmetry is a decentralized Crypto Indices and Actively Managed Funds infrastructure layer built on Solana, powered by the Symmetry Engine. This innovative on-chain asset management infrastructure covers everything from on-chain funds, indices, and multi-token liquidity pools, to liquidity routing between indices and decentralized exchange (DEX) aggregators, and public APIs for other DeFi projects to integrate Symmetry products seamlessly.

The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens that reweigh, rebalance, and refilter according to custom rules defined by the manager, or create a trustless Crypto Index with predefined rules. Users can create their own actively managed funds or indices and buy and sell funds created by other users or protocols.

Symmetry’s liquidity provision feature allows indices and actively managed funds to act as liquidity providers on DeFi aggregators such as PRISM and Jupiter when their token weights deviate from the target weights. This groundbreaking feature not only enables funds to rebalance at zero cost but also generates fees from aggregator users for fund managers and holders, a significant departure from traditional approaches where indices and funds typically pay fees on exchanges to rebalance.

The Symmetry Engine relies on Pyth, a reliable price oracle, to determine true prices for each asset utilized in Symmetry products. This is crucial for funds to accurately determine fund values, rebalancing triggers, and buy/sell values for users.

Example use-cases for Symmetry include decentralized index fund apps, decentralized fund management apps, treasury management tools, retail onboarding apps, copy-trading apps, and investing apps. The platform envisions a future where anyone can create an index fund, manage on-chain funds and portfolio strategies, convert wallet portfolios to funds, and integrate index or actively managed fund tokens for trading.

With the launch of the Symmetry User Interface, the world of decentralized finance on the Solana blockchain is poised to experience a paradigm shift in how users interact with and manage their crypto portfolios. As the platform continues to roll out its full suite of features to all users, the future of Solana DeFi looks brighter than ever.

New DeFi Protocol, FORGE․SX, Offers Stocks and Other Synthetic Assets on Blockchain Ecosystem 2517

Individuals seeking to trade real world assets on the blockchain will have a new ally with the launch of the Forge.SX DeFi protocol.

With the convenience of a blockchain-based platform, Forge.SX empowers anyone to mint and trade synthetic versions of real-world assets with the convenience of blockchain technology. There are a number of assets available in the protocol, including commodities, stocks, and even foreign currencies. Popular stocks such as fTSLA are already available on the platform. Several plans are already in motion for the addition of additional stocks in the future.

According to the core team, the reason for offering mint trade of stocks and other synthetic assets is as follows: “As seasoned crypto investors, we understand the value and potential of synthetic assets on the blockchain and want everyone to have access to global financial markets and mint synthetic digital assets regardless of their financial status. Synthetic investments like stocks are among the most valuable. Although risks are involved in stock investment, because the market is regulated, they offer greater reassurance for cryptocurrency investors. We also wanted to diversify the assets available on the platform to attract new investors who are interested in yielding returns with Real World Assets.”

The assets on Forge are called fAssets and can be forged and burned in the Ovens by anyone. As standard ERC-Tokens, assets can only be minted against collateral deposits. Traders can begin by opening an oven using USDC as collateral for the creation of synthetic assets. The crypto trader may then burn the fAssets minted by closing the oven, and they will be able to recover the collateral that has been locked.

Forge.SX is supported by a reliable Oracle data feed that connects the world of Blockchain to the Forge.SX platform. A competent and experienced team is also available at the company, with a strong background in Dapp development and DeFi. In order to provide traders with the best service in the industry, Forge.SX consistently performs research and development. Core Forgers said: “We do our finest to bring safety and value to our investors and remain transparent to inspire confidence in our business model and the future of synthetic assets.”

To learn more about Forge or to start trading real-world assets such as stocks on Forge SX, please visit: https://forge.sx/

Investors Flock as Lyfebloc Token Presale Starting Soon 2482

As investors seek out emerging opportunities, pre-sales are becoming more common, causing the crypto market to explode. One token that is making waves lately is Lyfebloc, which has raised a lot of interest in its upcoming presale in the world of DeFi (Decentralized Finance).

About Lyfebloc

Lyfebloc a next generation Automated Marker Maker (AMM) that provides frictionless crypto liquidity. With Decentralized Governance and cross chain liquidity, Lyfebloc transcends the barriers that currently isolate constant function market makers. Combined with sophisticated routing and arbitrage design, Lyfebloc expands the design space for trading and market making on-chain.

Key features of Lyfebloc (LBT):

  • Automated Market Maker (AMM): Designed with next generation arbitrage design enables users to Optimize your trades across hundreds of DEXes on multiple networks instantly
  • Liquidity Aggregation Protocol: Instantly sources liquidity from multiple hundreds of sources to provide lowest slippage and best price trades.
  • Yield Farming: Allows users to earn rewards by staking LP tokens. LP tokens are generated by the fees charged when users trade on the Lyfebloc, and these tokens can be staked to earn LBT rewards.
  • Multiplier Protocol: Allows users to trade crypto with zero price impact, up to 100x leverage and aggregated liquidity.
  • Governance: Governed by the community through Lyfebloc DAO, a Decentralized Autonomous Organization. LBT holders stake LBT tokens to vote on governance proposals that shape Lyfebloc.
  • Deflationary Protocol: generates decentralized financial assets that reward users with sustainable fixed compound interest models while awarding token holders in crypto.

Why is it being touted as such a revolutionary crypto project?

Lyfebloc offers a range of real-world use cases, including liquidity pools, yield farming, lending, and borrowing. It’s also built on the Ethereum blockchain, which offers fast transaction speeds and low fees, making it a more practical option for DeFi users. Additionally, Lyfebloc also has a more comprehensive ecosystem than most cryptocurrency projects on the market, with a range of products that work together seamlessly. This makes it a more attractive option for DeFi users who are looking for a one-stop shop for all their DeFi needs.

Conclusion

Lyfebloc (LBT) is a DeFi token that’s set to make waves in the crypto market. With its unique architecture, comprehensive ecosystem, and real-world use cases, it’s being touted as a revolutionary crypto project. Lyfebloc has already raised the interest of the biggest names in the crypto industry for its upcoming presale, which is a testament to its potential.

While it’s still early days for Lyfebloc, the project has a solid development team, a range of products, and a clear roadmap for the future. As DeFi continues to gain mainstream acceptance, Lyfebloc is well-positioned to be a major player in the space.

Visit the links below for more information about Lyfebloc (LBT) token presale:
Lyfebloc Presale: Lyfebloc Presale
Lyfebloc: https://lyfebloc.com
Lyfebloc Network: https://lyfeblocnetwork.com