#TrendingTopic Last year was a rollercoaster for crypto. There were aggressive regulatory actions, high-profile criminal convictions and shocking thefts.And yet – the total cryptocurrency market capitalization rose to over $1.4 trillion in 2023, a year-over-year growth of over 70.7%.New users and institutions are getting involved.Throughout 2023, the number of crypto #investors grew by 2.8% per month, and Goldman Sachs has called it the year crypto became institutionalized.The bulls and the bears are both right – there is immense opportunity in the market right now, but also alarming risk.The risk isn’t merely rooted in market volatility, though, or even the brazen criminal actions of exchange managers – it’s baked into the very mechanisms of crypto #transactions .Smart contacts themselves are a vulnerable and alluring target for hackers, and our methods for securing them are letting us down.Here’s a quick primer. A smart contract is a self-executing contract used in blockchain transactions. The terms of the transaction are written directly into the lines of the code.These contracts are a juicy hacking target – they’re used to handle large sums and high-value tokens.If you can manipulate the contract, you can direct the tokens however you want.Blockchain entities protect themselves with smart contract audits, wherein independent reviewers inspect the smart contract for design flaws, security vulnerabilities, efficiency and other coding issues.The auditors issue a public report, listing all the issues found and the steps taken to mitigate them.So far, so transparent – audits help blockchain companies ensure their smart contracts are secure and help investors make informed decisions.The process is far from foolproof, though. There are no widely adopted standards for smart contract verification, and no audit can truly guarantee that a smart contract is bug-free.As a result, lots of vulnerabilities slip through the cracks, often with devastating results.Here are a few examples from 2023 alone.LendHub – $6 million exploit – January 2023LendHub left a depreciated version of the IBSV token in its smart contract during an update. Both the old and new versions were active in the contract at the same price.Attackers were able to buy the old version and #swap for the new, making off with $6 million in additional value.BonqDAO – $120 million exploit – February 2023Attackers were able to manipulate the ‘update price’ function in BonqDAO’s smart contract, allowing them to change the price of the AllianceBlock’s ALBT token.The hackers then minted and swapped large amounts of tokens, eventually leading to the broad devaluation and liquidation of ALBT.Euler Finance – $197 million exploit – March 2023A flaw in Euler Finance’s smart contract allowed an attacker to deposit collateral and borrow against it without drawing down the initial collateral.They used this bug to execute a flash loan attack that allowed them to withdraw nearly $200 million worth of #ETH -based assets in moments.We cannot staunch this bleeding with more audits. Euler Finance’s smart contract underwent 10 different audits from six different firms and still fell victim to one of the biggest single hacks of the year.Part of the problem is that audits are backward-facing. They focus on known vulnerabilities, missing novel exploits.Hackers are devious and creative – we need security measures that can anticipate and respond to entirely new approaches.$AI may be useful in sealing up the cracks in the smart contract audit process.In experiments using OpenAI’s GPT-4, OpenZeppelin was able to use AI to identify vulnerabilities in 20 out of 28 challenges from the Ethernaut smart contract hacking game.However, real smart contracts are far more complex, and the opportunities to exploit them more varied than anything in a controlled environment like a game.And what’s more – catching 70% of vulnerabilities isn’t nearly enough.If your network security team could only stop 70% of attacks, they would all be fired.We’re going to be waiting at least another generation before AI can seriously assist in smart contract security, and we need solutions now.These additional measures can be enforced at the wallet level so that transactions are vetted before being sent out on-chain.Such measures could include addressing inspection to prevent rogue actors from executing contracts, smart contract history that traces any contract changes to their origins or front-running to stop any suspicious transactions before tokens are transferred.Many smart contact exploits rely on speed. By building more friction into transactions, we can make them safer and less attractive to bad actors.2024 kicked off with crypto in the strongest position it has occupied in years, but smart contract vulnerabilities have cast a shadow over this progress.This is an inflection point, where the promise of blockchain meets the realities of its risks.Now, our task is to get serious about security at every stage of blockchain transactions.Daniel Chong is the CEO and co-founder of Harpie, the crypto security platform. While pursuing a Mathematics degree at Duke University, Daniel worked as a development and security consultant for a variety of crypto companies, leading award-winning projects to victory at conferences including $ETH Denver. He’s dedicated to ending the threat of crypto theft and making smart contracts safe and accessible to all.Disclaimer: Opinions expressed at The @WISE CRYPTO NEWS are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The @WISE CRYPTO NEWS does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The @WISE CRYPTO NEWS an investment advisor.

#Relay #Bridges #swap #crypto2023 #originalcontent

RelayChain has announced its v3 Bridge & Swap solution, a major milestone for its platform and a significant step towards revolutionizing cross-chain interoperability. With Bridge & Swap, users will be able to seamlessly bridge and swap assets across multiple blockchain networks in a single transaction. This advancement brings RelayChain closer to its vision of making decentralized finance accessible to the masses, regardless of technical expertise.

RelayChain has partnered with some of the top projects in the business, including Squid and Synapse, to create a streamlined system that delivers a seamless and intuitive user experience. The solution combines the power of RelayChain's bridge aggregator, Squid's cross-chain token router, and Synapse's cross-chain liquidity protocol. The result is a simple and intuitive interface that enables users to trade cryptocurrencies across multiple chains.

RelayChain is combining its existing bridge aggregator with powerful DEX aggregation to perform multiple swaps and bridges in a single transaction. Squid's cross-chain communication technology enables it to access liquidity across multiple blockchains, while Synapse's liquidity pools enable it to offer competitive prices for users.



RelayChain aims to create a sustainable ecosystem for all users by collecting a nominal fee on every transaction made on its platform. These fees will be dispersed in thirds, with one-third going to its Referral program, one-third to RELAY token stakers, and one-third to the Relay treasury. RelayChain's Referral program rewards its community for sharing RelayChain with others, and its Bridge & Win program offers users a chance to win prizes by performing bridge transactions.

RelayChain's v3 Bridge & Swap solution is a critical advancement that will transform the way users engage across blockchain networks. With this innovative solution, RelayChain is making it easier than ever for users to move their assets across different chains while still enjoying the best possible prices. RelayChain is committed to pushing the boundaries of what is possible with cross-chain technology and delivering a user-friendly experience that's accessible to everyone.

WHAT IS PANCAKESWAP?

No, it's not a real pancake! But it has the good sweet flavour of it when it comes to good APY and yields! PancakeSwap helps you make the most out of your crypto in three ways:
TradeEarn Win
PancakeSwap is a decentralized exchange native to BNB Chain. Users can swap their coins for other coins without the input of middleman services.

PancakeSwap focuses on BEP20 tokens – a specific token standard developed by Binance.
KEY FEATURES INCLUDE

Trade
- Instantly swap crypto tokens: no registration or account needed.
Low fees
Why pay more? PancakeSwap runs on BNB Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges too, so that's a double win for you!

Decentralized
Trade directly from your wallet app. Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.
Earn
Earn CAKE and other tokens for free with super high interest rates.

Earn tokens with Syrup Pools
Stake CAKE, earn free tokens. It’s really that easy. CAKE holders right now are earning tens of millions of USD worth of free tokens each week from major projects. New projects join the party frequently, so you can earn more, for even longer.
Earn CAKE with Yield Farms
Stake LP tokens, earn CAKE. You take on a little more exposure to market fluctuations than with the Syrup Pools, but can earn higher APR to offset the risk.
Earn Trading Fees
No farm? No problem. Even if your trading pair isn’t supported on the Farms page, you can still earn trading fees when you stake your tokens in Liquidity Pools (LPs).

Win
PancakeSwap makes making money fun.
Lottery
Millions of dollars regularly go up for grabs on the PancakeSwap Lottery.
NFT Collectibles
Win collectible NFTs for participating in trading competitions and more fun & games.
Prediction
Win BNB if you can predict whether the BNB price will rise or fall. New rounds every 5 minutes!
Pottery
Win a bigger yield on your CAKE deposit, combining CAKE lock-staking and lottery!

Thanks for following, reading and generous support guys!
#PancakeSwap #swap #airdropking #CryptoNews🔒📰🚫 $CAKE

Uniswap price is printing a positive Friday that originated in the ASIA PAC session.

UNI still has a long way to go to get a weekly gain.

Expect a pop higher as US job reports are an opportunity in disguise.

Uniswap (UNI) price rallied higher this Friday after the US jobs report triggered a knee-jerk reaction with a brief break lower. Expect to see a strong situation with UNI rallying substantially higher as traders buy risk assets across the board. Although chances are slim, UNI bulls could close out the week flat and erase all losses from the beginning of this week.

Uniswap price produces positive bullish move

Uniswap price popped in the aftermath of the US jobs numbers after the initial move was a leg lower on the back of a strong release. Looking further under the hood, another picture is painted as  the jobs added are part-time jobs while full-time jobs have turned negative. This means that more people have been laid off from their full-time jobs than were added. The jobs number might beat expectations, but it is only a part-time boost. 

UNI followed the synchronized global move with that move lower only to recover in full and head higher once the dust started to settle. Expect now to see $5.40 to come under pressure. Once that is broken, UNI bulls can rally all the way up to $5.70 in the US session this Friday and go for an unchanged weekly performance as all losses since Monday will get erased.. 

A bigger threat would come from another turnaround in the  markets, should the focus shift back to the big jobs number. Expect a sudden breakdown lower toward $5.20. Should risk assets in general start to roll over, more decline is in the cards. To the downside, that means $4.95 after $5 gets broken.

#uniswap #Binance #BTC #crypto2023 #swap