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․bit Raises $13M to Build Cross-Chain Decentralized Identity Protocol
15.8.2022
bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ. .bit’s open-source blockchain protocol will...
Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list
15.8.2022
BNB Chain's Red Alert system flags projects based on obvious features that have been historically used in scams, rug pulls and phishing
PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit
15.8.2022
In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have...
Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days
14.8.2022
In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another...
Cross-chains in the crosshairs: Hacks call for better defense mechanisms
11.8.2022
Cryptocurrency security firms, decentralized finance and cross-chain platforms are stressing the importance of improved defense mechanisms after a spate of hacks and exploits targeting the ecosystem
ETH PoS Upgrade to Transition on September 15 to 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD’ for The Merge
11.8.2022
Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (PoS) upgrade is coming this next month on or around September 15th to the 16th. After...
Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic
11.8.2022
The blockchain forensics firm said cross-chain bridges provide an "unregulated alternative" to exchanges for transferring value between blockchains
Tether also confirms its throwing weight behind the post-Merge Ethereum
10.8.2022
We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated
Circle plans to only support Ethereum PoS chain after Merge is complete
9.8.2022
"USDC as an Ethereum asset can only exist as a single valid version," says the team at Circle
'IBC is a serious alternative for secure cross-chain communication,' says Sunny Aggarwal of Osmosis
9.8.2022
So far, Cosmos’ IBC seems to have stayed clear of troubled waters
Binance sides with Indian regulators in WazirX fallout, to cease support for off-chain transfers
8.8.2022
Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny
WazirX Founder Says Binance Has Restarted Off-Chain Transfers
8.8.2022
Following reports of panic among WazirX users at Binance's cessation of off-chain transfers, WazirX's Shetty has said that these services have now been resumed
A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List ‘Potential Forked’ Token Markets
6.8.2022
Five days ago, the influential Chinese crypto miner, Chandler Guo, explained that a proof-of-work (PoW) version of Ethereum is “coming soon” as the community prepares for the network’s transition to proof-of-stake (PoS) next month. As usual, the idea of a forked token gets...
Chainalysis Estimates $2B Stolen From Cross-Chain Bridge Hacks This Year
4.8.2022
This week, hackers used a vulnerability on the Nomad bridge to steal $190 million worth of crypto
$2B in crypto stolen from cross-chain bridges this year: Chainalysis
4.8.2022
The $190 million Nomad Bridge exploit is just the latest out of 13 separate bridge attacks in 2022 so far
DFK Chain Now Supports ETH, Plans to Add ETH Pairs Soon
3.8.2022
DeFi Kingdoms published a blog post to announce its support for ETH on the network in partnership with Synapse. DFK Chain is now planning to add a few ETH pairs along with the JEWEL-USDC pair on the network. The JEWEL-USDC pair will enable the users to access more accurate pricing of JEWEL on...
Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist
2.8.2022
On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time. Nomad Cross-Chain...
Value Locked in Defi Stalls Before Reaching the $100 Billion Mark, Cross-Chain Bridge Statistics Crater
2.8.2022
During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value locked across the defi ecosystem is $86.22 billion as the TVL has lost 3.34% during the past...
Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability
2.8.2022
The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol's treasury; developers are also concerned that the integration creates security risks
Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’
2.8.2022
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to visit Taiwan this week and White House officials say China is preparing to carry...