Fusion Swap is a new feature introduced by 1inch, a popular decentralized exchange (DEX) platform, that improves the way users trade cryptocurrencies. It offers a more competitive trading experience, removes the need for native tokens to pay for gas fees, and protects users from front-running attacks (MEV).
MEV, or Miner Extractable Value, attacks are techniques that allow miners, validators, or other network participants in a cryptocurrency ecosystem to extract additional value from transactions by exploiting their privileged position in the network. MEV attacks can take various forms and potentially impact the fairness, security, and decentralization of a blockchain network.
Inflation can be seen as a form of theft from the working class, silently eroding their purchasing power and savings. Cryptocurrencies, with their decentralized nature and limited supply, present a potential solution to this issue. However, for crypto assets to truly serve as a hedge against inflation, it is essential that the challenges and risks associated with their use are addressed.
A “sandwich attack” in the context of cryptocurrency refers to a manipulative trading strategy that takes advantage of the order book and transactional vulnerabilities on decentralized exchanges (DEXs). It involves an attacker placing two large and strategically timed orders on either side of a specific transaction. Here’s how a sandwich attack typically works: The sandwich … Read more
A major change to online banking in New Zealand is coming into force on May 26, 2023. The change requires all banks to adopt a new standard for online banking called Consumer Data Right (CDR), which gives customers greater control over their data and allows them to share it securely with trusted third-party service providers. It will also include the ability to do same day payment between banks, weekends and public holidays included.
The EU has passed the Markets in Crypto-Assets (MiCA) regulation which covers issuers of unbacked crypto-assets, so-called “stablecoins”, as well as the trading venues and the wallets where crypto-assets are held. Once it comes into force, MiCA will be the most important piece of crypto regulation the EU has seen.