Author: CryptooTimes
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Blockchain gaming platform Gala Games has seemingly suffered a security breach, resulting in the loss of more than 4 billion GALA tokens. Gala Games, a blockchain gaming startup that Zynga co-founder Eric Schiermeyer helped create, suffered a multi-million dollar “security incident” involving GALA tokens, the firm said in an X post on May 21. The security incident involving the $GALA token has been contained and the impacted wallet has been frozen.This was an isolated incident, the cause of which has been addressed and we are working closely with law enforcement to investigate the individuals behind the breach.…— Gala Games (@GoGalaGames)…
Does code as freedom of speech mean that developers aren’t responsible for how their creations are used? Source link
Yeah, sure. So basically, any Mention or Like [on social media] can be measured. If anyone is digitally talking about or promoting your product, you can see the outcome of that. This could apply to marketing activities like advertisements, or collaborations with influencers, or quest platforms. Thanks to us, basically, you can see the real out come — not just in terms of the number of visits or the time that folks spend on your website coming from a specific source and spending an exact amount of money, but you can actually see the real outcome to your protocol. Thanks…
Investors have been buying Mog Coin (MOG) despite the major security flaws in its underlying smart contract code. According to a ChatGPT security audit, the owner of the MOG smart contract used the “Ownable” function in the meme coin’s code. This allows the deployer to renounce and transfer ownership of the token in an instant. Moreover, the code deployer can also set and change the token fees up to 50%, per ChatGPT. This gives the owner “a lot of flexibility, which can be abused,” the AI analysis shows. The owner can also exempt specific addresses from fees and transaction limits.…
Vitalik Buterin calls superintelligent AI “risky” amid leadership upheavals at OpenAI, stressing the need for caution and decentralization in AI development. Source link
Prior to FTX, a lot of people put those risks aside and focus on price appreciation and gaining access to the market. Post FTX, people are saying, I want to be involved, but I need to know I’m protected at a basic level. The ETFs do that, while exposing institutional investors to the reliant counterparties in crypto. They’ve put the industry back on a positive track. Source link
LUKSO is revolutionizing the way we interact with digital and physical assets by focusing on user experience and the creation of strong peer-to-peer economies. Through its core principles of tokenization, virtualization, and identification, LUKSO aims to unleash the economic value of community interactions and creative economies. Their blockchain platform enables brands and creators to form meaningful relationships with their audiences, rewarding individuals for their engagement and interactions. Furthermore, by bridging the gap between physical and digital experiences, LUKSO fosters a more immersive and economically beneficial environment for users. The importance of LUKSO lies in its ability to redefine asset management…
Cryptocurrency exchange Bitget has appointed former TV host Gracy Chen as its new chief executive, succeeding Sandra Lou. Bitget‘s veteran Sandra Lou is leaving the cryptocurrency exchange Bitget she led since the firm’s establishment in 2018. In a blog post on May 21, Bitget said that Gracy Chen will now serve as the company’s new chief executive, succeeding Sandra Lou, who will be leaving the platform “to pursue her own business goals.” “I’m thrilled to continue to be part of shaping this industry that is on the edge of innovation, empowering the future of digital finance.” Gracy Chen Chen joined…
Ether’s price surge is driven by rising chances of U.S. approval for a spot Ethereum ETF and a DOJ indictment reducing the likelihood of ETH being classified as a security. Source link
