2 / 2 Relevant items tagged with #Bridge

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Bitcoin needs Ethereum VM to reach its full potential — Web3 exec

[Oct 10, 2023 5:13 PM] Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.

Canto, Astar blockchains plan migration to Ethereum ecoystem as layer 2s

[Sep 18, 2023 7:06 PM] By inheriting Ethereum’s security, Canto will be more decentralized and will enable trustless guarantees when bridging assets over, Polygon Labs said.

Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability

[Sep 6, 2023 10:00 AM] The fundraise comes as interoperability protocols have attracted investors, despite the bear market.

DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce

[Sep 6, 2023 6:10 AM] The native token of Synapse, a decentralized finance (DeFi) protocol designed to transfer data to cross-chain bridges, has bounced by more than 17% from a low of $0.30 after a liquidity provider sold its SYN tokens on Monday.

Connext Airdrop Marred by $38K Sybil Bot Attack

[Sep 5, 2023 9:02 AM] Connext Network, a protocol that interacts with native blockchain bridges to optimize security, is the subject of intense scrutiny after one wallet appears to have exploited its NEXT token airdrop.

USDC will launch natively on Base network 'next week' — Jeremy Allaire

[Aug 29, 2023 1:10 PM] Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version.

Multichain victims search for answers in $1.5B exploit as new evidence emerges

[Aug 23, 2023 9:00 AM] Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID.

LiFi launches multi-bridge governance solution after Uniswap debate

[Aug 18, 2023 1:10 PM] The new bridge aggregator allows cross-chain DAOs to only accept votes confirmed by more than one bridge.

Crypto Lender Exactly Hit by $12M Bridge Exploit

[Aug 18, 2023 5:41 AM] Exactly Protocol, a decentralized credit market on the Optimism (OP) blockchain, has been targeted by a bridge exploit worth as much as $12 million.

Base launches mainnet bridge UI for end users, sets Aug. 9 for official launch

[Aug 3, 2023 12:30 PM] Coinbase’s Base network began onboarding end users through a bridge UI, and the team announced Aug. 9 as the platform's official launch date.

Shibarium Blockchain's Ethereum Bridge Goes Live for Testing as SHIB Tries to Shed Meme Coin Tag

[Jul 28, 2023 2:19 AM] The Shiba Inu-based layer 2 blockchain is expected to start operations next month.

Bridge Protocol LayerZero Passes 50M Cross-Chain Messages

[Jul 25, 2023 11:09 AM] The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps.

Wormhole Launches New Blockchain Connecting to Any Cosmos Appchain

[Jul 21, 2023 4:00 AM] The Wormhole Gateway is designed to make it easier for developers and users to on-ramp liquidity into the Cosmos ecosystem.

Coinbase’s Base launches mainnet for builders, will onboard users in August

[Jul 13, 2023 3:00 PM] Base’s layer-2 mainnet has launched, allowing builders to deploy contracts, while users will be welcomed to the network in August.

Avail, Spun Out of Polygon, Launches Data Attestation Bridge to Ethereum

[Jul 7, 2023 6:00 AM] The move represents a step forward in Avail's plan to help secondary networks in the Ethereum ecosystem to speed up their processing – by giving them an alternate way to store the data, and verify its existence and availability, besides storing it…

Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit

[Jul 6, 2023 5:26 PM] Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway.

Polygon 2.0 Roadmap Calls for ‘Unified Liquidity,’ Restaking, New Chains on Demand

[Jun 29, 2023 10:00 AM] The new Ethereum scaling solution’s architecture will include a shared bridge and a “coordination layer” that connects all of Polygon’s chains, including an emphasis on zero-knowledge technology that has become one of this year’s hottest blockch

‘Storage Proofs’ Touted as Alternative to Hack-Prone Bridges in Multichain World

[Jun 21, 2023 9:30 AM] Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it's there on a different chain, will go live on Starknet soon.

Unveiling the Uniswap Foundation's Bridge Report: Winners and Losers

[Jun 15, 2023 10:00 AM] Wormhole and Axelar take top honors after a months-long assessment process aimed at addressing concerns with Uniswap’s previous bridge selection practices.

Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted

[Jun 2, 2023 11:31 AM] The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying multiple security measures in combination could have blocked the attacks…

As Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged Tokens

[Jun 1, 2023 9:55 AM] The actions showcase how Multichain’s faltering infrastructure and AWOL CEO are sending shockwaves through Fantom, the blockchain most heavily dependent on Multichain’s bridges.

Crypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun

[May 31, 2023 11:54 AM] Multichain has suffered days of issues amid swirling rumors over the fate of its team.

Binance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl

[May 26, 2023 10:56 AM] The crypto bridging service Multichain is coming under the microscope from Binance and other important outposts.

Blockchain developers launch $50M fund to increase Wormhole adoption

[May 18, 2023 11:04 AM] Wormhole is a cross-chain messaging protocol often used to transfer assets from one blockchain to another.

DeFi Broker Prime Protocol Introduces Bridgeless Cross-Chain Token Transfers

[May 9, 2023 9:00 AM] The protocol aims to eliminate the need for token bridges, wraps and swaps to make moving crypto tokens between blockchains safer.

Cata Labs Raises $4.2M to Develop 'Bridging' Software

[Apr 26, 2023 10:00 AM] The round was led by Spartan Group and included participation from Robot Ventures, Maven11, Alchemy Ventures, HashKey Capital, Circle Ventures and Superscrypt.

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

[Mar 3, 2023 2:00 PM] According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin…

BonqDAO protocol suffers $120M loss after oracle hack

[Feb 1, 2023 6:33 PM] An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield.