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Phew! That Was Close!

Well, last week’s SVB bank failure and subsequent de-peg of crypto’s second largest stablecoin, USDC, had everyone scared. Luckily, before the market could open on Monday, U.S. Treasury Secretary Janet Yellen and U.S. prudential regulators announced that all depositors with Silicon Valley Bank will be made

The Era of Smart Contract Wallets

Smart accounts, enabled by the launch of the new ERC-4337 standard, are now available on Ethereum. And with this ERC-4337, the dawn of smart contract wallets is upon us. As Ethereum Foundation security researcher Yoav Weiss rightly said, “The next billion users are not going to write 12 words on

Start of the end of Goerli testnet

Goerli is one of the few Ethereum testnets where developers deploy their dapps for testing purposes prior to the main net. And in this test environment, Goerli ether (gETH) is the token to pay for gas fees. These tokens (gETH) are a testnet version of actual ether for developers to

Blur vs. OpenSea: But it’s the creators that lose

चलती चक्की देख के, दिया कबीरा रोये । दो पाटन के बीच में, साबुत बचा न कोए ॥ Looking at the grinding stones, Kabir laments. In the duel of wheels, nothing stays intact. The past few days have been crazy in the

First Staking, now Stablecoins: Everything is Security

First suing Kraken to stop offering staking-as-a-service to US consumers, and now suing Paxos for issuing BUSD. The US regulatory agencies are hell-bent on stifling crypto innovation in the US and actively trying to break this cradle of financial innovation. It all started earlier this month when the U.S.

Brace Yourself for Bridge Wars

If you’re keeping track of the latest in the web3 world, you might have a hint for today’s edition title. In any case, here’s the full story. Battle participants: Wormhole vs. LayerZero Battleground: Uniswap Governance It all started in December last year when OxPlasma released a proposal

Alameda behind stETH de-peg, LayerZero vulnerabilities allegations

This week in Web3 Wednesday: * Allegations of critical vulnerabilities in LayerZero Protocol, CEO denies * Remember stETH depegging in June last year? Apparently, it was Alameda * A major country will legalize $TRX, Justin Sun hints * Aave V3 launched on Ethereum, already attracting over $50M in liquidity Allegations of critical vulnerabilities in