Harmony Blockchain Bridge Hacked, Assets Worth $100 Million Drained

Hacking is an occasional occurrence in the cryptocurrency market which has been going up recently, with the latest one being Harmony protocol’s Horizon Bridge.

The team put out notices informing users and the community about the hack and promised to take the necessary options as soon as possible. This hack, followed by Axie Infiniti’s Ronin Bridge hack that drained assets worth around $622 million is the fourth such event this year.

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Harmony and the Horizon Bridge

Founded by Stephen Tse in 2018, Harmony is one of the most popular cryptocurrencies that had grown tremendously during the recent bull market. The protocol is an interoperable sharding system that employs a two-way Ethereum bridge.

As a layer-2 solution for Ethereum, the Harmony blockchain is an independent blockchain-powered by Harmony One tokens (ONE). By enabling frictionless cross-chain token swaps, Harmony … Read more

Let’s Decode The Future of Human Resources

The enormous worldwide magnitude of the coronavirus pandemic has led to disruption becoming the new norm in several aspects of life. It is no news that COVID-19 has caused a notable transformation in the way companies carried out operations, particularly human resources. One good thing that happened after the outbreak of this pandemic is businesses expediting their use of HR tech and finding new ways to maximize its value. 

We all are well aware of the fact that the lockdown has signaled a paradigm shift to what is now called the “new normal”- a sudden shift from offices to virtual workplaces. This, in turn, has increased the need for HR digitalization that was never seen before this health crisis. As a result, more and more businesses in India are now relying on automated software for HR management. 

All that said, let’s dive into the blog and discuss three major changes Read more

Uphold halts services in Venezuela, cites US sanctions

Uphold, a cryptocurrency trading platform has said that it will be suspending its services in Venezuela over the sanctions imposed against the country by the United States. Uphold said that Venezuela was among the first countries to support the platform and was suspending its services “very reluctantly.”

Uphold leaves Venezuela

In the announcement, Uphold said that users had to withdraw their funds from the platform “as soon as possible.” “The ability to trade will be halted on July 31 and all accounts fully restricted from September 30.”

Uphold is a US-based crypto trading platform and is expected to comply with all sanctions imposed by the US Office of Foreign Assets Control (OFAC). Therefore, the platform was withdrawing its services in Venezuela in compliance with the sanctions imposed against the Venezuelan government.

“Without a change in applicable law, or specific permission from OFAC, these regulations may prohibit us from releasing funds … Read more

Women in Engineering: A Level Playing Field?

According to the Women’s Engineering Society (WES), women only make up 12.37% of all engineers in the UK. Considering that a higher number of girls than boys achieve a grade A*-C in all STEM A-Levels except chemistry, there is a clear disjunction when these young girls begin their careers. The engineering industry is often considered stereotypically masculine, and this outdated image may be off-putting to many women who would otherwise thrive in an engineering role. Various businesses and non-profit initiatives are striving to create a level playing field for women in engineering. However, the current gender gap still begs the questions: what is stopping more women pursuing a career in engineering? Is this trend changing? And, importantly, are we doing enough to encourage women down this crucial and rewarding career path?

Getting women into STEM subjects

As our society changes to disprove dated gender stereotypes, industries such as engineering are … Read more

Crypto Price Tracking Website CoinCodex Incorporates InsideBitcoins Into Its Newsfeed

CoinCodex, a cryptocurrency data website tracking more than 15,000 digital assets, announced on Tuesday a partnership with InsideBitcoins, a crypto news and investment portal featuring stories and information from the world of blockchain and FinTech.

As a part of the deal, CoinCodex users can now stay up to date with the latest crypto developments and updates published by Inside Bitcoins directly from CoinCodex’s newsfeed, which is available to CoinCodex users on desktop as well as on iOS and Android devices. 

In the five years since its launch in 2017, CoinCodex has grown to become one of the leading providers of cryptocurrency market data, featuring thousands of trading pairs across hundreds of crypto trading platforms. Beyond crypto price tracking, CoinCodex includes several advanced features and market analytics tools that can help users make educated decisions regarding trading crypto and using blockchain products and services. Here is a brief breakdown Read more