👹 New crypto wallet address scam gains traction

👹 New crypto wallet address scam gains traction 😢 The industry struggles as companies cut hundreds of jobs: Blockchain.com and Coinbase lead wave of layoffs 🎉 First Python smart contract deployed to Cardano network

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👹 New crypto wallet address scam gains traction 

😢 The industry struggles as companies cut hundreds of jobs: Blockchain.com and Coinbase lead wave of layoffs 

🎉 First Python smart contract deployed to Cardano network

New crypto wallet address scam gains traction

MetaMask has warned users of a new scam that can trick users into sending funds to the wrong address. The scam involves attackers using vanity address generators to generate wallet addresses that match the first and last characters of the user’s address. By doing so, attackers are able to create copycat wallet addresses that may look like their victim's and thus trick them into sending their funds to the wrong wallet address.

Unfortunately, this scam is difficult to detect since it does not involve any malicious software. As such, users must take the extra precaution of double-checking the wallet address before sending any funds to make sure they are sending it to the correct address. MetaMask has also urged users to use unique wallets for every transaction and to avoid reusing the same wallet address multiple times as this increases the chances of being targeted by this scam.  Finally, users should also avoid generating wallet addresses with vanity address generators.

The best way to protect yourself from this scam is to remain vigilant and take extra steps to ensure that the wallet address you are sending funds to is accurate and secure.

The industry struggles as companies cut hundreds of jobs: Blockchain.com and Coinbase lead wave of layoffs

Blockchain.com is firing a second round of 110 employees, adding to the hundreds being laid off from other cryptocurrency companies this week. This comes after the company experienced a loss of $270 million in loans made to failed hedge fund Three Arrows Capital.

The news of Blockchain.com's layoffs follows the announcement from U.S. exchange Coinbase that it will be cutting 950 jobs, or about 20% of its workforce, and then news that Ethereum development firm ConsenSys plans to leave at least 13% of its staff unemployed.  

The cryptocurrency industry continues to be greatly affected by the economic downturn, and many companies have been forced to adapt in order to survive. It is yet unclear how these massive layoffs will affect the future of cryptocurrencies, but it does not bode well for the industry. The coming weeks and months will certainly be telling for the companies that remain in the industry. To actually weather the storm, the companies left standing must focus on innovation and sustainability.

First Python smart contract deployed to Cardano network

Cardano's first Python smart contract is live, and the dev team has already begun testing its integration with Pycardano, a lightweight Cardano library written in Python. The contract was successfully deployed to the Cardano pre-production testnet on January 10, 2023.

The Python version of the smart contracts will allow for easier development and maintenance of the contracts, making them more accessible to developers.

What's so important about Python? Well, it's an intuitive and easy-to-learn programming language that many newbies choose as their first foray into the world of coding. There are already a number of successful projects that have been built using Python and this development will open the doors for many more. According to the industry trends, the newbie-friendliness is a great focus of further adoption of the tech and will likely inspire more developers to get involved.

Cardano might not be the first blockchain to push out a Python-based smart contract, but they are certainly one of the first major projects to do so. This development is a significant milestone for the industry's development, and the potential for Cardano to become the leading platform for Python smart contracts is immense.