Cosmos developers have fixed a “critical” security bug in its Inter-Blockchain Communication (IBC) protocol which put at least $126 million at risk, says a blockchain security firm that privately notified Cosmos of the issue. “We privately disclosed the vulnerability through the Cosmos HackerOne Bug Bounty program and the issue is now patched,” Asymmetric Research said on April…

Telegram’s public support for The Open Network (TON) blockchain and its intention to incorporate its native Toncoin token have led to scammers targeting unsuspecting tokenholders to exploit them. Information shared with Cointelegraph from cybersecurity firm Kaspersky outlines a cryptocurrency scam that has been attempting to steal Toncoin (TON) from Telegram users worldwide. According to experts…

Amid surging prices, many crypto projects have seen a rise in fake farm accounts, or “Sybil attacks,” named so after a book about a woman with many personalities. These fake accounts create artificial network activity to claim as many tokens as possible during airdrop events, which have become highly lucrative over the years. “We’ve recently…

Several identified crypto addresses have millions of dollars either “stuck” or “forgotten” about in at least two large bridge contracts, according to blockchain intelligence firm Arkham. “There are dozens of accounts with 6-7 figures stuck in bridge contracts, forgotten about,” said Arkham in an April 22 X post., including wallets connected to Ethereum co-founder Vitalik Buterin, crypto exchange…

Despite lingering resistance from some gamers over “tokenomics,” gaming studios will most likely continue to use airdrops and other incentives to attract players, according to industry executives. “It’s a very easy way to get market share, said Kieran Warwick, founder of gaming studio Illuvium in an interview with Cointelegraph. However, games that fail to deliver…

As the Bitcoin halving marked another major milestone in the crypto space, leaders in the crypto community shared different perspectives on how the event would affect the different areas of crypto. On April 20, the Bitcoin network successfully went through the fourth halving event after the 840,000th block was mined. The occasion reduced mining rewards from 6.25…

$60 million worth of Tether has already been issued on The Open Network (TON) since it began supporting the blockchain on April 19, making it the 11th-largest blockchain for Tether out of 16. On April 19, the stablecoin issuer announced a collaboration with the TON Foundation at the Token2049 crypto conference in Dubai that would see Tether begin to…

Base creator Jesse Pollak believes memes will be key to onboarding millions of users to his Coinbase-adjacent layer-2 network, which has already tripled in total value locked (TVL) since March. During a memecoin hackathon in New York on April 20, Pollak said memes are an important part of the on-chain economy, adding that he is…

Bitcoin recovered sharply from the intra-week lows and is likely to close the halving week with a minor loss of roughly 1%. According to Farside Investors data, the spot Bitcoin exchange-traded funds witnessed an inflow of $30.4 million a day before the halving, halting the five successive days of outflows. The Grayscale Bitcoin Trust (GBTC) has seen the…

The fourth-ever Bitcoin halving occurred a few hours ago at the 840,000th block. The halving is considered the most important economic mechanism influencing Bitcoin supply and creating scarcity for the asset. The Bitcoin network’s fourth halving event, reduced block issuance rewards from 6.25 BTC to 3.125 BTC per mined block, effectively slashing Bitcoin’s issuance rate in…