Cryptocurrency wallet provider ZenGo has built a testnet to demonstrate a major security flaw prevalent among decentralized application (DApp) wallets. On March 23, ZenGo published an article highlighting that, when authorizing a specific transaction, many DApp wallets actually grant access over all of that particular token stored in the connected wallet: “As a result, if the DApp is vulnerable to a security issue or is rogue to begin with, attackers can abuse these highly excessive privileges to steal ALL of the DApp’s users holdings (in the approved tokens) without any further user consent. They can do so at any point …

LVC Corporation, the crypto subsidiary of messaging giant Line, will launch trading of its proprietary cryptocurrency Link in Japan in April. According to a press release on Jan. 30, LVC is also developing a system meant for Link’s debut in Japan on its local cryptocurrency exchange BitMax. Line already began Link trading on its international BitBox cryptocurrency exchange in mid-October 2018. Due to stricter national cryptocurrency regulations in Japan, LVC had to wait to obtain a license from local financial regulators in September 2019 before launching its BitMax cryptocurrency exchange in the country. According to its official website, Link allows …

Major cryptocurrency exchange Binance acquired decentralized app (DApp) information startup DappReview, according to a press release on Dec. 2. Per the release, DappReview’s platform provides its visitors with data analytics, user insights and information for over 3,900 DApps on 13 public blockchains. DappReview founder Vincent Niu explained that the company also provides support for DApp developers in fundraising, product development and marketing. When asked by Cointelegraph whether he believes the acquisition by a crypto company could damage the platform’s independence, he said: “DappReview provides accurate data analysis, users insight and market trends by aggregating the on-chain data, which is transparent …

The number of Ether (ETH) locked in decentralized finance (DeFi) applications reached an all-time high of 2.7 million, according to DeFi monitoring resource DeFiPulse, and has been steadily growing since the end of June. Of the 2.7 million ETH locked, 2.1 million (77%) are locked in the system behind the DAI stablecoin, Maker. Additionally, 337,800 ETH (12.5%) are currently locked in the decentralized lending application Compound. The remaining Ether is split between minor DeFi applications including decentralized exchanges and financial derivatives. Ether locked in DeFi applications. Source: DeFiPulse DeFi grows despite market conditions The one-year chart of the dollar value …

Telegram Open Network’s (TON) blockchain will allow developers to port their Ethereum (ETH) smart contracts. As industry news outlet CoinDesk reported on Aug. 30, software startup TON Labs managed by Telegram’s token offering investors is building a Solidity compiler for its blockchain. This programming language is primarily used to develop smart contracts in the Ethereum network. Assembly might be required Per the report, the tool would allow developers to port their Ethereum smart contracts over to TON, but it is not specified whether some changes in their code would be required. TON Labs CEO and managing partner Alexander Filatov told …

Crypto exchange Coinbase’s user-controlled Coinbase Wallet has enabled its clients to use decentralized apps (DApps) on any desktop browser through the WalletLink service. Expanded access to DApps According to an official blog post on Aug. 22, Coinbase Wallet’s users can now use their DApps via WalletLink, which serves as a bridge between the app and the customer’s desktop browser. As of publishing time, Coinbase has tested WalletLink with Google Chrome, Mozilla Firefox, Microsoft Edge, Opera and blockchain-based decentralized browser Brave. The company plans to add support for native mobile apps and more currencies in the future. This spring, Coinbase introduced …

The official announcement and details around Project Libra were provided to the world on June 18, 2019. Firstly, Libra was introduced: a new global reserve-backed cryptocurrency built on top of the new Libra Blockchain, with everything governed by a not-for-profit consortium dubbed the Libra Association. It was clear that each of these products and technologies will play an integral role in the project’s overall mission of creating a simple global currency and financial infrastructure that empowers billions of people. Additionally, Facebook also announced the creation of Calibra, which is developing the initial business of Libra and its own product outside …

A crypto platform has announced the launch of the first decentralized application (DApp) on its blockchain. ILCoin says its debut DApp, created on the SHA-256 blockchain, is a game called AGE of ILC — a tower defense game in which players have to obstruct strangers and stop them from stealing their treasure. The game’s developers say their title has been designed to have an old-school, retro look like in the 1980s and 1990s. AGE of ILC will initially be made available on Google Play in the middle of July, and work is already under way to bring the game to …

Web server security service firm Cloudflare announced the launch of its Ethereum gateway in a blog post on June 19. Per the announcement, the gateway — which is part of the company's broader Distributed Web Gateway toolset — lets users “interact with the Ethereum network without installing any additional software.” The system purportedly allows one to access the network and interact with smart contracts through a custom hostname. Furthermore, the new tool can be used in combination with the firm’s Interplanetary File System (IPFS) gateway launched in September 2018: “In conjunction with the IPFS gateway, this allows hosting websites and …

The new Galaxy S10 series smartphones by South Korean tech giant Samsung will apparently have wallet functions for Ethereum (ETH), Bitcoin (BTC) and two other tokens. A Samsung official spoke about the phone’s new features at the Mobile World Congress in Barcelona, Spain on Feb. 25. In its presentation, Samsung revealed various crypto and blockchain related projects featured on the smartphone, including support for Bitcoin, Ethereum, COSMEE token (COSM) and Enjin’s token (ENJ). COSMEE is a blockchain-enabled mobile beauty decentralized app (DApp) where users can earn and spend COSM tokens. Enjin is a cryptocurrency wallet which will reportedly be installed …

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Elon Musk Impersonators Flood Twitter With Fake Crypto Giveaways Although impersonators on Twitter pretending to be famous celebrities offering crypto giveaways are many, this week saw an influx of these crypto pretenders posing as Tesla CEO Elon Musk. After compromising verified accounts with the blue check mark, scammers would change the name and …