WEMIX comes in 9th in CoinMarketCap’s TVL chain ranking

OKX shores up App security following bug discoveryCryptocurrency exchange OKX has swiftly responded to a recently uncovered security flaw by releasing an updated version (v6.45.0) of its iOS app.User data and asset vulnerabilityThe flaw was identified by Web3 and blockchain security specialist CertiK. It posed a Remote Code Execution (RCE) vulnerability that had the potential to compromise sensitive user data and crypto assets. Notwithstanding that, no user assets were lost or security compromised.Taking to the X social media platform on Tuesday, CertiK wrote:”Attention! We urge users of OKX wallets to update their iOS app to the latest version immediately. Earlier this month, we identified and reported a critical Remote Code Execution (RCE) vulnerability in the OKX iOS App, leading to potential compromise of sensitive data and crypto assets.”Photo by FLY:D on UnsplashPrompt responseRecognizing the risk, OKX has acted promptly to rectify the issue and commit to protecting user assets. It too followed up on social media with its own announcement:”Thanks @Certik for the note. We’ve completed the relevant upgrade & this is no longer an issue. We have verified that this did not impact any customer assets. The fix has been deployed to iOS version 6.45.0 & we recommend you update the app asap.”Ongoing exploitsThis security incident has played out amid a backdrop that has seen a worrying number of hacks, exploits and vulnerabilities in the crypto space. In recent weeks, hacks at HTX (formerly Huobi), cross-chain bridge Heco and Poloniex have accounted for millions of dollars in losses.As recently as last week, users of the Ledger hardware wallet were told by the company not to connect to decentralized applications as it had discovered that a malicious version of its Ledger Connect software had been distributed.Industry collaborationThe collaboration between OKX and CertiK in addressing this security concern is demonstrative of how industry actors are having to cooperate in order to deal effectively with these vulnerabilities and threats.Transparent communication and a swift response in this instance are likely to have played a role in minimizing any potential loss. In a noteworthy development, OKX, in collaboration with Tether, has collaborated with the United States Department of Justice (DOJ) to freeze $225 million in USDT tokens.This unprecedented action primarily targeted a human trafficking syndicate in Southeast Asia, illustrating the increasing cooperation between crypto entities and law enforcement in addressing illegal activities involving digital currencies.The immediate resolution of the iOS app vulnerability in this instance resulted in no loss occurring. That outcome underscores the importance of the prioritization of user safety and data security.With the updated app version (v6.45.0) now available, users can proceed with their crypto transactions with renewed confidence in the platform’s security measures. As the cryptocurrency landscape evolves, crypto platforms and platform users will need to remain vigilant in order to safeguard and protect funds.

TransFi, renowned for its global payment solutions, is collaborating with Coinbase Wallet to streamline the process of purchasing cryptocurrencies, with a particular focus on enhancing user experience in Asia.Photo by Traxer on UnsplashFacilitating seamless onboardingBy integrating with Coinbase Wallet, TransFi aims to simplify the onboarding process for businesses and individuals, ultimately fostering greater adoption of cryptocurrencies in the region. This strategic integration is designed to eliminate barriers to entry and make cryptocurrency transactions more efficient and accessible. Enhanced payment options across AsiaIn a significant move, users in the Philippines, Vietnam and Indonesia now have access to expanded payment options through Coinbase Wallet. In the Philippines, GCash and PayMaya, popular digital payment platforms, have been integrated, while Vietnam sees the addition of Viet QR, Momo and Viettel Pay. Indonesian users can utilize OVO and Dana, leading payment apps in the country. These partnerships leverage existing, widely-used payment infrastructures to provide users with more convenient avenues for purchasing cryptocurrencies. The expansion into the Asian market reflects the growing demand for cryptocurrencies in the region and highlights Coinbase's commitment to broadening its reach by collaborating with local payment services. This trend underscores the increasing integration between crypto platforms and local payment solutions, signaling a positive trajectory for cryptocurrency adoption across Asia. 

AhnLab Blockchain Company to integrate digital wallet into Sogang University’s education metaverseSouth Korean cybersecurity firm AhnLab’s blockchain arm, AhnLab Blockchain Company (ABC), is poised to collaborate with Sogang University’s Graduate School of Metaverse, according to Korean news outlet Money Today on Wednesday (KST). The entities will work on the development of Metawon Campus, a metaverse education platform currently in the works at Sogang University.Photo by Unseen Studio on Unsplash“This cooperation lays the foundation for Metawon Campus to establish itself as a practical university education platform. Through the integration of ABC Wallet, we will strive to build it into a global education metaverse based on the fundamental standards of stability, convenience and scalability,” said Hyun Dae-won, Dean of Sogang University’s Graduate School of Metaverse.Advancing security and accessibilityThis project mainly entails the integration of AhnLab Blockchain Company’s digital ABC Wallet within the platform. As a non-custodial wallet, this service uses multi-party computation to support multiple blockchain networks including Ethereum, Polygon and Klaytn. This integration has the potential to enhance the security and usability of Metawon Campus, encouraging international students to participate. To further boost security, the platform will also utilize non-transferrable SoulBound tokens (SBTs) issued by ABC Wallet. By providing services in multiple languages, the platform will be available to a wider user base as well.Comprehensive cooperationIn addition to technological collaborations, the two parties agreed to work on R&D and marketing as well as content creation aimed at enhancing participant engagement and accessibility to education.Kang Suk-kyun, CEO of AhnLab Blockchain Company, emphasized the role that ABC Wallet would play in helping international students experience a more secure and liberal virtual environment on Metawon Campus. He went on to reaffirm the company’s efforts to contribute to the popularization of the metaverse and the advancement of blockchain technology.