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Uniswap CEO denies bribe allegations for protocol deployment

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Uniswap CEO Hayden Adams has firmly refuted recent claims that the decentralized exchange (DEX) protocol charges fees for deploying new smart contracts. The allegations, which surfaced in recent reports, suggest that Uniswap may be imposing additional costs on developers using its platform for protocol deployment.

In a statement addressing the controversy, Adams emphasized that Uniswap does not levy any fees for deploying protocols on its platform. He clarified that the DEX remains committed to its foundational principles of decentralization and accessibility, which include providing developers with a cost-free environment to build and innovate.

The confusion appears to stem from misunderstandings related to the costs associated with interacting with the Ethereum blockchain itself. Adams pointed out that while deploying smart contracts on Ethereum incurs gas fees—transaction costs paid to miners for processing transactions—these are standard network fees and not specific charges imposed by Uniswap.

Adams reassured the community that Uniswap’s business model does not involve additional charges beyond those required by the Ethereum network. He further emphasized that Uniswap’s mission is to support a diverse range of decentralized applications (dApps) and facilitate seamless interactions within the DeFi ecosystem.

The CEO also highlighted that Uniswap remains dedicated to transparency and is open to addressing any concerns from the community. He invited developers and users to reach out directly if they have questions or need further clarification regarding the platform’s fee structure.

The refutation comes at a time when the DeFi sector is experiencing rapid growth and increased scrutiny. As decentralized finance continues to attract attention from both users and regulators, clarity around fee structures and platform operations is crucial for maintaining trust and fostering innovation.

Uniswap’s response aims to dispel any misconceptions and reaffirm the platform’s commitment to supporting the decentralized finance ecosystem without imposing additional fees on protocol deployment.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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