The crypto community is grappling with issues surrounding bug bounty programs, a crucial mechanism for discovering and addressing system vulnerabilities. Usmann Khan, a web3 security auditor, posted on Aug. 17, “Remember that projects can simply not pay, whitehat,” with a screenshot of a message from Immunefi indicating a project had been removed from its bug The post A silent security scandal or dying profession? DeFi Bug Bounty Wall of Shame has millions in unpaid bounties appeared first on CryptoSlate.

In a notable breakthrough in Bitcoin mining, UK-based Quantum Blockchain Technologies (QBT) has developed a highly promising computing method, the Message Scheduling For Cryptographic Hashing (MSFCA), designed to make Bitcoin mining significantly more efficient. The CEO of QBT, Francesco Gardin, defined MSFCA, in its July patent application, as a “radical change” that disrupts the “fundamental The post AI mining method for Bitcoin increases reward chance 260% by calculating future blocks appeared first on CryptoSlate.

BitGo, the Palo Alto-based crypto custody firm, has raised $100 million in funding, setting its valuation at an impressive $1.75 billion, a stark contrast to its price tag in 2021 when a $1.2 billion acquisition deal by Galaxy Digital Holdings was eventually called off, according to Bloomberg. BitGo focuses on securing crypto assets, with private The post BitGo vaults ahead in crypto custody space, valued at $1.75B following fresh funding rounds appeared first on CryptoSlate.

Venture capital firm Andreessen Horowitz (a16z) has released the code for AI Town, an open-source project that lets developers create their own AI-powered simulated world. As the a16z team reported on X, this ambitious project aims to “democratize building your own simulation environment with AI agents.” The innovative project, built in collaboration with portfolio company The post VC firm a16z releases open-source microverse packed with generative AI NPCs in AI Town appeared first on CryptoSlate.

Ethereum founder Vitalik Buterin views X’s (formerly Twitter) Community Notes feature as a transparent, consensus-driven approach reminiscent of crypto. In a recent blog post, Buterin provides an in-depth analysis of Community Notes through a crypto lens. Community Notes allow users to append context and fact-checking notes to tweets. The visibility of each note is determined The post Vitalik Buterin praises decentralized consensus of X Community Notes appeared first on CryptoSlate.