Blockchain developers launch $50M fund to increase Wormhole adoption
Wormhole is a cross-chain messaging protocol often used to transfer assets from one blockchain to another Go to Source Powered by WPeMatico
Cross-chain
Auto Added by WPeMatico
Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders
Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the two companies.” Harnessing the Benefits of the Blockchain The Zimbabwean blockchain startup Flex ID and … Read more
‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic
Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic. Go to Source Powered by WPeMatico
Algorand upgrade boosts speed, adds trustless cross-chain communication
Algorand has increased its transaction speed, processing capacity and cross-chain functionality with a major upgrade. Go to Source Powered by WPeMatico
Cross-chains in the crosshairs: Hacks call for better defense mechanisms
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. Go to Source Powered by WPeMatico
Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability
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. Go to Source Powered by WPeMatico
Aurora pays $6M bug bounty to ethical security hacker through Immunefi
Over $200 million worth of users’ funds could have been at risk if the whitehat chose to exploit the vulnerability for personal gain instead of reporting it to developers. Go to Source Powered by WPeMatico
Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days. Value Locked in Cross Chain Bridge … Read more
Terra’s Cross-Chain Bridge Now Supports Solana, Avalanche, Fantom, Moonbeam, Osmosis
Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon. “Easiest way to move funds in crypto,” the Terraform Labs CEO explained in a tweet. Terra Bridge Adds 5 New Chains On April 12, 2022, Terraform Labs co-founder Do Kwon told his 352,800 Twitter … Read more
Layerzero Labs Secures $135 Million to Bolster Cross-Chain Interoperability
Layerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation to $1 billion and the funds will be leveraged to develop cross-chain decentralized applications … Read more
