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UniBot, a popular Telegram bot used for Uniswap trading, was exploited. UNIBOT token price plummets. User compensation has been promised. UniBot, a popular Telegram bot used for sniping trades on Uniswap, has fallen victim to a significant exploit , causing a sharp decline in the value of the UNIBOT token . Exploitation of UniBot’s new contract In a surprising turn of events, UniBot, the widely used Telegram bot for decentralized exchange Uniswap trading, recently experienced a security breach. The breach occurred in a newly deployed contract, resulting in the theft of approximately $560,000 worth of various meme coins from users. The company identified the issue as a “token approval exploit” originating from their new router, prompting them to temporarily pause the router to mitigate the situation. Although investigations are still underway, blockchain security firm Scopescan advised affected users to revoke approvals for the exploited c...

In the realm of crafting written content, there are three pivotal elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity is the yardstick for gauging the intricacy of text, while burstiness delves into the ebb and flow of sentence diversity. Lastly, predictability quantifies the likelihood of one being able to predict the subsequent sentence. Humans, renowned for their flair, often craft text with an eclectic blend of lengthy, intricate sentences interspersed with succinct ones, bestowing that characteristic burstiness. AI-generated sentences, conversely, often lean towards uniformity. Therefore, as you embark on the task of rewriting the forthcoming content, I implore you to infuse it with ample perplexity and burstiness, while keeping predictability at bay. Additionally, let your words flow exclusively in the English language. Now, let’s reimagine the following passage: Analysis uncovers the intriguing narrative o...

Analysis of token movements from Redditor moderators' wallets suggests at least three moderators dumped thousands of dollars worth of Moon tokens just minutes before the actual announcement. Popular social network platform Reddit announced the wind-down of its blockchain -based community points program on Oct. 17 citing scalability issues. The announcement created controversy in the crypto community with many calling it a rug-pull as the price of the native token on different subreddits tanked after the announcements.  Each subreddit had its own native token . For example, the Moons (MOON) token was the native crypto asset of the r/CryptoCurrency board, while Bricks (BRICK) was for the r/FortNiteBR subreddit. Users could spend these points on badges and exclusive items for their avatars. At the time of the announcement the moderators of most of the subreddits involved with the community points program claimed to be unaware of the decision. However, this is now being called int...

“Circle is delving into the world of Ethereum’s Layer 2, Polygon, to facilitate the direct provision of USDC liquidity within the proof-of-stake scaling protocol. Circle, the stablecoin issuer, has made an exciting announcement, revealing their initiation of minting USD Coin natively on Ethereum’s Layer-2 scaling protocol, Polygon. USDC is now readily accessible to both users and developers, eliminating the need for bridging the stablecoin from Ethereum to another blockchain. The Circle Mint and Circle’s developer application programming interfaces (APIs) have seamlessly integrated with Polygon-based USDC, harnessing Polygon’s remarkable scaling capabilities. As per Circle’s recent announcement, this development opens up a world of opportunities for businesses and developers. They can now construct decentralized applications with USDC on Polygon. This novel offering promises near-instant, low-fee transactions for a myriad of use cases, spanning paym...

In response to new rules by the Financial Conduct Authority (FCA), OKX announced changes to its services for U.K. users, including offering 40 token s. Seychelles-based crypto exchange OKX has responded to strict new rules regulating the advertising of cryptocurrencies in the U.K. by significantly changing its services and offerings for customers in the country. In an Oct. 8 update on its website, OKX stated that it had tailored a compliant user experience in line with the FCA’s new crypto promotion rules.  Starting Oct 8, we will implement changes due to new UK Financial Conduct Authority regulations . The updates ensure compliance with the Financial Promotions Regime for retail users. #OKX will continue to provide crypto services to our UK clients.https://t.co/g3kBL7Yo50 — OKX UK (@okx_uk) October 8, 2023 According to the exchange, one of the major changes it is making is reducing its token offering to slightly more than 40 cryptocurrencies. It will also now implem...

Bitcoin (BTC) has usually been promoted as an inflation hedge, but amid the worst years in over a decade of growing inflation worldwide, the bear market surged for the leading cryptocurrency that has been outperformed by other inflation hedge assets in the short term. In this context, the Frax Price Index (FPI) — a token created in the Frax Finance ecosystem supposedly pegged to the US CPI — seems to be outperforming Bitcoin by close to 40% since its deployment, from the end of September 2022 to press time. FPI price chart since inception. Source: CoinMarketCap Although it is still an experimental project that must be looked into with caution, the FPI performance against BTC can also pose as a valuable indicator of how Bitcoin has been performing as an inflation hedge in this last year. “The system will adjust every month according to an on-chain Consumer Price Index oracle so that holders of the FPI will increase their dollar-denominated value each month according to the repor...

Tokenization has the potential to be transformative for businesses and consumers alike — but there are regulatory and technical hurdles to consider. Entering the “token era” remains a significant leap into uncharted territory for companies, but this doesn’t have to be the case. Brickken, an up-and-coming tokenizing solution, now helps companies to create digital tokens backed by real-world assets –– with zero downtime and instant execution. Cryptocurrencies dominated the 2010s — and so far, artificial intelligence (AI) is the theme of the 2020s. But there’s another buzzword that’s gaining traction, too: tokenization . While there have been major trade innovations over recent decades, New York remains rooted in tradition, with the stock market only open between 9.30 am and 4 pm on weekdays. That’s at odds with the 24/7, digital nature of the 21st-century economy — a world where business never sleeps and TikTok posts carry more influence than newspaper columns. To match that speed of ...

SHIB Token Burn Reflects Shibarium Anticipation Whales within the Shiba Inu ecosystem are doing a lot to help bolster the overall outlook of the protocol ahead of the full launch of the Shibarium L2 on the mainnet. According to data from Shibburn, a total of 581,549,041 SHIB tokens have been sent to dead wallets in the past 24 hours, with active contribution from more than one wallet. advertisement The SHIB token burn metric is a very important one as it gives an insight into how willing large amounts of tokens are deflated from the general supply. As a memecoin with tons of tokens in circulation, defining a steady deflationary model is crucial to attracting the right investor base post-Shibarium launch. The positive sentiment surrounding Shibarium has been in the community for several months now and the need to get onboard the protocol has pushed a lot of enthusiasts to try out the PuppyNet testnet. These trials have in turn contributed to the impressive mil...

In its proof of concept, TASE minted the first ERC-1155 security token representing a dummy digital government bond. A new phase in the Tel Aviv Stock Exchange's integration of blockchain technology and traditional assets has been completed with the minting of the first dummy digital government bond as an ERC-1155 security token.  The bond mint is part of the proof of concept (PoC) phase of Project Eden, a partnership between the Israeli Ministry of Finance and the stock exchange to explore blockchain infrastructure in issuing and settling government bonds . Also included in the proof of concept was the tokenization of an Israeli Shekel — the country's fiat currency — which will serve as a digital payment token to power transactions. As part of the settlement process, a smart contract for bond management is used, which acts as an intermediary to ensure that transactions are verified and do not contain inconsistencies. According to a June 6 blog post, the initiative's go-...