The Cardano blockchain’s Vasil hard fork upgrade has been scheduled to take place on its mainnet on September 22, according to the blockchain’s development lab Input Output Global (IOG).

Leading cryptocurrency exchange Binance has identified the suspects behind the $265,000 hack on decentralized finance (DeFi) protocol KyberSwap. Based on an independent investigation, Binance’s security team identified two suspects and sent intelligence on the investigation to KyberSwap.

Seoul-based television maker LG Electronics has launched a new non-fungible token (NFT) platform with the help of the Hedera blockchain. The platform, called LG Art Lab, will give customers a way to buy, sell, and display digital art in the form of NFTs on their televisions.

Top stories in the Crypto Roundup today:

• Cardano Network’s Vasil Hard Fork Date Confirmed
• Binance Identifies KyberSwap Hack Suspects
• LG Electronics Launches NFT Platform With Hedera
• Binance BTC & ETH Futures Products’ Volume

Cardano Network’s Vasil Hard Fork Date Confirmed

The Cardano blockchain’s Vasil hard fork upgrade has been scheduled to take place on its mainnet on September 22, according to the blockchain’s development lab Input Output Global (IOG).

The Vasil hard fork is a major upgrade designed to boost Cardano’s scaling capabilities and reduce transaction costs. It was originally scheduled to occur in June on a test network, but was delayed after Terra’s collapse, as the team behind it wanted to exercise caution before shipping it out.

The hard fork rollout ended up going through multiple delays, with IOG noting that the upgrade has now met its criteria of “the successful completion & extensive testing of all core components, plus confirmed community readiness.”

A hard fork is a backward-incompatible upgrade to the software used to validate and produce new blocks on a blockchain.

Binance Identifies KyberSwap Hack Suspects

Leading cryptocurrency exchange Binance has identified the suspects behind the $265,000 hack on decentralized finance (DeFi) protocol KyberSwap. Based on an independent investigation, Binance’s security team identified two suspects and sent intelligence on the investigation to KyberSwap.

Binance has also started coordinating with law enforcement in an effort to track down the suspects. KyberSwap, as covered on CryptoCompare’s Crypto Roundup last week, discovered a vulnerability to its website code that allowed attackers to exploit it for approximately $265,000. Kyber Network said it plans to reimburse affected addresses for their losses.

The protocol’s team discovered the exploit, which let attackers insert a “false approval, allowing a hacker to transfer a user’s funds to his address,” on September 1, and managed to neutralize the threat within two hours.

LG Electronics Launches NFT Platform With Hedera

Seoul-based television maker LG Electronics has launched a new non-fungible token (NFT) platform with the help of the Hedera blockchain. The platform, called LG Art Lab, will give customers a way to buy, sell, and display digital art in the form of NFTs on their televisions.

The new platform is available in the U.S. on televisions running WebOS 5.0 or higher, and includes a feature that offers profiles of artists and previews of their upcoming work, as well as countdowns to upcoming NFT “drops.”

The marketplace does not provide an NFT trading service. The Hedera network underpins the platform, with transactions running through LG-patented crypto wallet Wallypto.

LG isn’t the first large company to take advantage of opportunities in the NFT space. Swiss watchmaker Tag Heuer has, in June, announced a new tool that gave customers a way to display NFTs on the face of certain smartwatches.

Binance BTC & ETH Futures Products’ Volume

Last month, Ethereum futures gained momentum over Bitcoin futures products. As of August 29, the ratio of ETH-USDT and BTC-USDT perpetual contracts volume was 0.96, as opposed to 0.33 and 0.64 in June and July, respectively.

This trend was not seen in the spot market, as the volume ratio between the two pairs in August reached 0.46, as opposed to 0.48 in June and 0.38 in July.

The spike in Ether’s future volume can be attributed to the rise in speculation around the Ethereum merge that is taking place in September, leading traders to shift their attention to Ethereum over Bitcoin.

Find out more via CryptoCompare’s Market Spotlight for more details.

State of the Crypto by Top Tier Exchange Volume

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