Best Twitter threads of the day – August 7th

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• Wormhole protocol gets $50M backing – here’s how it will change the blockchain landscape

  TL;DR Breakdown A fund worth $50 million has been introduced to provide support to startups utilizing the Wormhole cross-chain messaging protocol. Wormhole serves as a cross-chain messaging protocol, facilitating communication between different blockchain networks. Wormhole has expanded its network of partners, including being chosen as the official bridging protocol for cross-chain governance between Ethereum and BNB Network. A fund worth $50 million has been introduced to provide support to startups utilizing the Wormhole cross-chain messaging protocol, as announced on May 18. Borderless Capital, a venture capital fund, will manage the fund, which has received backing from more than 20 blockchain development teams and venture capital firms, including Circle, Polygon Ventures, Solana Foundation, and JumpCrypto, among others.  The fund aims to assist startups that are creating innovative applications, infrastructure, or tools that span multiple blockchain ecosystems, promoting the idea that utilizing more than one blockchain can effectively address users’ problems. It’s time to make building in crypto more accessible than ever before. Introducing the $50m Cross-Chain Ecosystem Fund, powered by Wormhole! 💎 pic.twitter.com/y3VeCsUrSa — Wormhole🌪 (@wormholecrypto) May 18, 2023 David Garcia,…

  Article 2023年5月20日

• Judge rules in favor of Ripple, XRP is not a security!

  TL;DR Breakdown The U.S. District Court ruled in favor of Ripple Labs against a SEC lawsuit, declaring the company’s XRP token is not a security. This ends the SEC’s pursuit to classify XRP as a security which required additional regulation. The ruling resulted in a significant surge in XRP’s price, rising by 16% immediately after the news broke. Description In a landmark ruling, Ripple Labs breathed a sigh of relief when the United States District Court in the Southern District of New York favored the company against a lawsuit filed by the Securities and Exchange Commission (SEC). Judge Analisa Torres, on July 13, declared the XRP token, Ripple’s digital currency, not a security, marking … Read more In a landmark ruling, Ripple Labs breathed a sigh of relief when the United States District Court in the Southern District of New York favored the company against a lawsuit filed by the Securities and Exchange Commission (SEC). Judge Analisa Torres, on July 13, declared the XRP token, Ripple’s digital currency, not a security, marking a significant turning point in a case that…

  Article 2023年7月14日

• Blockchain gaming market set to soar, reaching $301.53 billion by 2023

  TL;DR Breakdown The global blockchain gaming market is projected to reach a market cap of $301.53 billion by 2030, driven by the transition from traditional gaming to blockchain-based alternatives. The adoption of blockchain technology in gaming offers players asset ownership, transparency, and monetization opportunities, fueling the market’s growth. Gaming metaverses and the integration of decentralized finance (DeFi) elements are expected to play significant roles in the expansion of the blockchain gaming market. The global gaming market is poised for remarkable growth in the next seven years, with a projected market cap of $301.53 billion by 2030, according to a report by Grand View Research. The report, titled “Blockchain In Gaming Market Size,” highlights the shift from traditional gaming to blockchain-based alternatives as the driving force behind this growth. Transition to blockchain gaming sparks market surge Grand View Research predicts that the blockchain gaming market will experience substantial expansion, driven by the increasing adoption of blockchain technology in the gaming industry. This transition offers players the benefits of asset ownership, transparency, and monetization within the gaming ecosystem. As a result, the…

  Article 2023年6月4日

• FBI and GCHQ issue joint advisory on Russian malware targeting crypto wallets

  TL;DR Breakdown A joint advisory from the FBI, NSA, CISA, and the UK’s NCSC has warned about a new malware called Infamous Chisel, linked to Russia’s GRU military intelligence agency, that targets cryptocurrency wallets and exchange apps on Android devices. The malware specifically seeks out directories related to popular crypto applications like Brave, Binance, Coinbase, and the Trust crypto wallet, as well as communication platforms Telegram and Discord. It also targets the Android Keystore system for storing private keys. Despite its low to medium sophistication and lack of stealth techniques, the malware poses a significant threat to digital assets, especially as it comes at a time when cybercriminals are increasingly targeting valuable digital assets, including cryptocurrencies. Description A joint advisory report from the Federal Bureau of Investigation (FBI), National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), and the UK’s National Cyber Security Centre (NCSC) has shed light on a new malware strain known as Infamous Chisel. This malware is specifically designed to target cryptocurrency wallets and exchange applications. The malware … Read more A joint advisory report from…

  Article 2023年9月2日

• Atomic Wallet users lose $35 million in crypto assets in security breach: Report

  TL;DR Breakdown Users of Atomic Wallet have lost over $35 million in cryptocurrency assets due to a major security breach. Atomic Wallet, a noncustodial-decentralized wallet, is investigating the attack but has provided little concrete information to its users. The hack joins a series of recent crypto breaches, raising concerns about the security of decentralized wallets. Atomic Wallet’s vulnerability and lack of liability for on-chain damages have come under scrutiny. Atomic Wallet has suffered losses totaling at least $35 million in cryptocurrency assets since June 2, according to an analysis conducted by renowned on-chain sleuth ZachXBT. Atomic Wallet boasts a user base of over 5 million individuals worldwide. The platform, which places the responsibility of asset storage on its users, is now facing intense scrutiny due to stolen tokens, erased transaction histories, and even entire crypto portfolios being pilfered. Concerned by the scale of the attack, ZachXBT, a pseudonymous Twitter user renowned for tracking stolen crypto funds and assisting hacked projects, expects the total losses to surpass $50 million potentially. Despite Atomic Wallet’s claims to be investigating the incident, victims have…

  Article 2023年6月9日