Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses
The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a...
NFT News
Alphapo hot wallets hacked for over $31 million
Crypto payment platform Alphapo had at least $31 million drained from its hot wallets on Ether (ETH), TRON (TRX), and...
An Offer of Only $500 to Solve a $5 Million Hack
A security outfit led by ethical hackers who specialize in security audits claimed to be offered a $500 bounty by...
Coin Center Slams ‘Messy, Arbitrary, and Unconstitutional Approach’ of US Senate DeFi Bill
The bipartisan legislation introduced earlier this week – titled the Crypto-Asset National Security Enhancement (CANSEE) Act – that seeks to...
Coin Center and Blockchain Association slam ‘unworkable’ US Senate DeFi bill
Crypto industry advocacy bodies have slammed a newly proposed United States Senate bill for what they say is a confused...
Google Play Store officially allows NFT games, but no gambling: Nifty Newsletter, July 12–18
In this week’s newsletter, Google Play has officially allowed nonfungible token (NFT) games on its store — with some limitations....
DeFi Platform Struct Finance Sees 129% Gains in 7-Day TVL, Ranks First on Avalanche
Decentralized finance (DeFi) protocol Struct Finance recorded over 129% gains in its total value locked (TVL) over the past week,...
Chainlink launches cross-chain protocol bridging blockchain to TradFi
The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at...
Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted
Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the Ethereum mainnet, with $2.19...
‘Multichain was a big blow’, says Andre Cronje as Fantom TVL slumps
Fantom's co-founder Andre Cronje classified Multichain's debacle as a "big blow" to the smart contract platform, which saw a sharp...
Token hoarders defeat the purpose of most DAOs: Study
A pair of researchers from the University of Texas at Austin and Princeton University conducted a study to determine how...
NFT Giant Dapper Labs Announces Laying off 51 Staff Members
The digital asset market continues to experience one of its longest, most bitter winters in recent history, leading established companies...
If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers
The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but...
Algorand’s Largest DeFi Protocol Shutting Down Operations
Algorand-based decentralized finance (DeFi) protocol, Algofi, has announced winding down its operations. In a statement, Algofi cited a “confluence of...
Arcadia Finance Hit by $455K Exploit on Both Ethereum, Optimism Networks
Non-custodial decentralized finance (DeFi) protocol, Arcadia Finance, is the latest victim of a $455,000 exploit that occurred on both the...
Blockchain Gaming Reigns Supreme Amidst Regulatory Turmoil: DappRadar
Regulatory heat on the crypto industry intensified in the previous quarter. Facing the brunt are several sectors, including the DeFi...
DeFi ‘circuit breaker’ could slash hack losses by 70%: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you...
ETH DeFi ‘circuit breaker’ could cut hack losses by 70% — Developer
A decentralized finance “circuit breaker” could have prevented billions of dollars worth of crypto being stolen from DeFi protocols in...
Aave Token Holders Vote on Proposal Seeking Conversion of 1.6K ETH From Protocol’s Treasury
A new Aave proposal took place to decide the fate of $3 million in the protocol’s treasury. The holders of...
Lido, Rocket Pool team members argue over decentralization
A team member for Lido has accused competitor Rocket Pool of being too centralized in a July 4 social media...
BAYC Has Tanked 90% as NFT Collection Floor Prices Plummet
Nonfungible tokens (NFTs) have not recovered anywhere near the levels that crypto markets have. Even the largest collections in the...
Poly Network urges users to withdraw after exploit affects 57 crypto assets
Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, which has resulted...
