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Dubai is actively promoting itself as a global center for decentralized technology. As part of Dubai’s efforts to expand its presence in the Web3 sector, the Dubai Multi Commodities Centre (DMCC), one of the largest free trade zones in the area, has formed a number of collaborations with organizations based
BitGo, a popular cryptocurrency wallet, has fixed a serious flaw that could have exposed the private keys of its retail and institutional users. In December 2022, the Fireblocks cryptography research team discovered the vulnerability and informed BitGo of it. BitGo Threshold Signature Scheme (TSS) wallets were susceptible to the flaw,
The IDO platform Poolz has made public the steps it has taken to mitigate the effects of a recent security breach. The team’s quick action has assisted in limiting the damage and averting a wider outbreak. A hacker was successful in taking advantage of the token contract for the POOLZ
With a market valuation of US$1.4 billion, Wemade Co., Ltd. (KOSDAQ:112040), one of South Korea’s top publicly listed gaming firms, has announced a strategic alliance with Space and Time (SxT), a pioneer in decentralized data storage. Under the cooperation, Wemade will be able to use the decentralized developer tools from
AIBC Eurasia 2023, Dubai edition has kickstarted remarkably on the 13th of March. The four days events highlight major conferences, exhibitions, panels, networking, and fun sessions with delegates from all of Europe and Asia. AIBC Awards on the 13th night was a glamorous event with special appreciation to the prominent
The developers of the Hedera Hashgraph distributed ledger have revealed that some tokens from the network’s liquidity pool were stolen. This was due to a smart contract vulnerability on the Hedera Mainnet. The hacker, according to Hedera, went after tokens in DEXs’ liquidity pools. That used code adapted from Ethereum’s
After finding multiple critical vulnerabilities, leading blockchain security company Verichains recommended companies employing Tendermint’s IAVL proof verification to safeguard their assets and reduce exploitation risks. A significant Empty Merkle Tree vulnerability in the IAVL proof on Tendermint Core, a well-known BFT consensus engine, has been disclosed by Verichains as part
Shibuya, a ward of Tokyo known for its commercial and financial activity, has collaborated with Astar Network, a blockchain innovation hub. As part of the pact, Astar will help promote Shibuya’s new web3 program and hold events in its favor. This collaboration between a Japanese blockchain, Astar Network and one
As a follow-up to the successful VET 1.0 and VET 2.0 protocols, VeChain has issued the necessary whitepapers for the impending VET 3.0. The paper was sent to the HiVe and detailed the steps to be taken in the next protocol. In other words, it was created to help the
The Pakistan Banks’ Association (PBA) and Avanza Group have inked a contract for the creation of a blockchain-based KYC platform. The latter group brings together firms that provide cutting-edge banking software, CEM tools, blockchain, and AI. PBA Chairman Muhammad Aurangzeb and Avanza Innovations CEO Waqas Mirza were among those present
