Today’s Topic
📌 Protocon Participates in ‘Devcon Bogota’ Held in Colombia
📌 Google Cloud May Allow Crypto Payments From Next Year?
📌$100 Million Hack of “Mango Market”, a Solana Based Defi Platform
Protocon Participates in ‘Devcon Bogota’ Held in Colombia
Protocon is participating in Devcon Bogota in Colombia!
Devcon first started in 2014 in Berlin (Devcon 0) and has been held in major cities since. The 7th event (Devcon 6) will be held in Bogota, Colombia this year.
Devcon is a conference not only for developers but anyone who wants to improve the world through Ethereum and a decentralized system. During the four-day event, large and small sessions will be held in addition to various side events and after-parties.
As Devcon is a place where many communities and developers of various projects gather, Protocon will take this opportunity to seek new MOUs and partnerships. More detailed information about the event can be found here.
Google Cloud May Allow Crypto Payments From Next Year?!
Google Cloud announced a partnership with Coinbase to drive Web3 innovation, such as accepting cryptocurrency payments. Coinbase CEO Brian Armstrong stated he was delighted that Google Cloud chose Coinbase to bring Web3 to new users along with new and powerful solutions to developers.
Google, the Web2 dinosaur has made this decision to create a faster and easier ecosystem as the Web3 industry grows exponentially and vast. With this announcement, Google is planning to provide cryptocurrency payment services to some customers next year. They have also announced plans to use Coinbase Prime, Coinbase’s custody service.
Coinbase plans to build a global data platform by utilizing the security infrastructure of Google Cloud while providing sophisticated crypto analytics based on machine learning by utilizing data and analytics technology.
There is much attention and focus on what innovations and change the two will bring to the cryptocurrency market, and whether Google will be able to lead innovation in the Web3 market.
$100 Million Hack of “Mango Market”, a Solana Based Defi Platform
Mango, a Solana-based DeFi platform, suffered damages of $100 million due to a hack (vulnerability attack).
This was first revealed through a tweet from OtterSec, a blockchain audit firm. OtterSec tweeted that “More than $100 million had been stolen from Mango Market,” showing that the attacker took out huge loans from Mango Treasury after temporarily increasing the value of collateral.
Mango is a Solana-based decentralized cryptocurrency exchange that allows users to make loans and spot trade. Due to the hack, the price of $MNGO (Mango’s token) plummeted. According to CoinMarketCap (CMC), Mango (MNGO) is valued at $0.023, which has decreased more than 40% from the previous day. It’s been less than a week since Binance Smart Chain (BSC) was hacked. Many are concerned and aware of these attacks on many DeFi platforms.
