22 April

“The Synthetix (SNX) project, one of the biggest ecosystems in decentralized finance (DeFi), recently launched the Hadar upgrade, which enabled tokenized real-world assets like Brent oil and the Nikkei stock index.

Tokenized securities and commodities are often heralded as one of crypto’s most important use cases.

Many traditional markets close on weekends and holidays. For now, this feature has been ported into Synthetix’s contracts as well — a special pause function was introduced for both Brent and Nikkei synths.

But in the future, this restriction should be removed and the token should be left to its own devices for that period. In this way, even institutions will benefit from trading synthetic assets, and the synthetic assets will themselves contribute to price formation.”

“According to two academic papers published in March and April, relatively straightforward cyberattacks could unearth balances on the Lightning Network. Authors of the March paper also unraveled pathways and parties of hidden payments.

By forwarding payments with fake hashes to channels opened with 132 test network nodes and six of the 10 largest main network nodes, the first balance attack accessed the balances of 619 test network channels and 678 main network channels.

Identifying the sender and recipient means that we identify them according to their public keys and any other information linked to the node.

As it is designed right now, the Lightning Network opens the door for various attacks. For strong and good privacy, cryptographic solutions such as zero-knowledge proofs and confidential transactions are needed.”

“The Dutch Central Bank (DNB) thinks the eurosystem’s central bank digital currency (CBDC) should be more programmable than bitcoin. DNB wrote that smart contracts could help “future proof” CBDCs.

A smart contract system with complex logic potentially increases the demand for CBDC and offers opportunities to reduce transaction costs. In this way it could contribute to diversity and innovation in the payment market.

The Netherlands went a step further in the report: DNB wants to be a research, development and deployment hub for a European CBDC. [In all], it amounts to a striking endorsement of CBDC.”

Oil Industry Advisor Explains the Collapse of Oil Price Into Negative Territory

See Also: 10 Takeaways for Bitcoin From Negative Oil Prices

“Blockchain developer IOV Labs said Tuesday it had created a proof-of-concept for a permissioned blockchain network based on the RSK Smart Contract Network, in conjunction with the central bank and major commercial banks in Argentina including Santander and BBVA.

The solution is aimed speed fiat payments, make them more reliable and introduce end-to-end traceability. While currently in the testing phase, IOV and BCRA said the new network could form the basis for an alternative clearing system.”

See Also: Bitcoin Smart Contract Solution RSK Sees New Stablecoin and Leveraged Token

“According to data visible on the Ethereum blockchain, multiple transactions were initiated from 6:00 UTC on Tuesday from an address labelled “Lendf.Me Hack” to the admin address for the Lendf.Me project.

Curiously, the hacker did not return exactly the same balance of assets as were stolen, but returned some of the value in other types of tokens. It’s unknown at this stage why the hacker didn’t simply return the assets that were stolen, or indeed why they were returned at all.

“Ripple Labs and its CEO Brad Garlinghouse have filed a lawsuit against Youtube for its alleged complicity in a spate of repeated “XRP giveaway” scams.

Using a malicious email, the attackers commandeer the Youtube channels of content creators – often those with legitimate ties to Ripple. Viewers of the videos in question are then urged to send “between 5,000 XRP and 1,000,000 XRP” to a listed address, which promises 5x returns from the receiver. 

YouTube profits from the Scam by knowingly selling paid ads on behalf of the fraudsters who are impersonating Ripple and Mr. Garlinghouse. These ads — so-called ‘video discovery ads’ — are designed by YouTube to appear at the top of its search result page.”

“EOS Ecosystem, a wallet app that attracts investors to deposit EOS with promised high returns, has reportedly shut down and possibly run away with close to $52 million. The report also says there might be more yet to be discovered. 

Transaction metadata suggests that the funds might already be moved to Huobi Exchange. Huobi promised to put an alert on it and freeze the funds as soon as they could detect it.”

“The CCC certificate can reportedly be issued to organisations, products and even people to confirm that they have followed appropriate steps to mitigate risks from COVID-19.

[The certificate] confirms that a supplier adheres to highest standards of public health, sustainability, anti-bribery and even modern slavery. And in this case, we can verify the level of supply risk due to the coronavirus.”

“A blockchain protocol designed by one of the most prominent blockchain scholars has launched a public testnet. One of the key features of this “empty framework” is that virtually any blockchain network can become interoperable with AVA.

We’ve built this ecosystem where you can launch new blockchains, whether they’re permissioned or permissionless, it does not matter. And they can all interoperate with each other freely, and move value around. And each one of these deployed blockchains within the AVA Internet are running at blazingly high speeds.”

See Also: Multi-Chain DeFi Protocol Raises $750K in Token Sale With Framework Ventures