Uniswap Accepts Cards: A Game-Changer for Crypto Purchases
Decentralized exchange giant Uniswap has jumped on the fintech bandwagon, partnering with Moonpay to introduce credit and debit card support for its users. This latest upgrade means you can now slide your plastic, swiping from fiat to crypto faster than you can say, “blockchain technology!” Whether you’re based in the U.S., Brazil, the U.K. or parts of the EEA, you can soon trade your banknotes for those shiny digital coins on the fly. Just think, that ‘fiat to crypto in minutes’ hype might actually be true now!
Hacked by an Insider: Ankr’s $5 Million Security Breakdown
In the glaring spotlight for the wrong reasons, Ankr has revealed that it was an ex-employee who orchestrated a rather sneaky $5 million hack. It happened through a ‘supply chain attack’—basically, they added malicious code to expected updates, and well, chaos ensued. This incident serves as a stark reminder that sometimes your greatest threats can wear a friendly smile (and perhaps a company ID badge)!
Developer Dilemma: Insecurity Over Bounties
A fed-up Web3 developer has shared that in today’s crypto landscape, it might be more worthwhile to get hacked than to ask for a bounty. Seriously! After helping to identify a $30 million vulnerability, he found himself ghosted by projects he attempted to assist. If only these projects could realize that rewarding ethical hackers could save them a lot more in the long run. Makes you wonder if they have a secret plan to fund the next blockbuster hacker movie.
2022 Report: Not All Doom and Gloom for DeFi
Despite the turmoil, the DApp space remains hopeful as showcased in DappRadar’s most recent report. 2022 may have been a rocky road, but it wasn’t all bad news; there were promising advancements in decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain gaming that managed to keep users engaged. Perhaps the silver lining is that amidst every hack and crypto crash, we keep bouncing back, albeit with slightly bruised egos.
DeFi Market: A Week of Our Favorite Color—Red
Analytics aren’t painting a pretty picture this week. DeFi’s total market value has dipped below the $40 billion mark, hovering around $38.1 billion. The top 100 tokens are engaged in an all-out bear brawl, with almost every token showing up on the charts in red. Let’s just say, if red is meant to signify excitement, we might be in for a very boring week.
Thanks for tuning in! Join us next Friday for more insightful news, fresh tips, and maybe an unexpected guest appearance by the next wannabe crypto-leak.
