Pnetwork Protocol Gets Hacked, Loses 277 Bitcoin on Binance Smart Chain

pnetworkPnetwork, a multi-chain bridging protocol, announced it was hacked yesterday, losing 277 pbtc (its bridged version of bitcoin) on Binance Smart Chain. The protocol acknowledged that an attacker managed to exploit a bug in its codebase to take control of the stolen bitcoin. The bridging contracts are currently working as usual but with extra security […]

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pNetwork and Algorand Officially Partner up to Build New Cross-Chain Connections

pNetwork, a cross-chain composability system that allows assets and Non-Fungible Tokens (NFTs) to move freely between blockchains, has officially partnered up with Algorand, the pure proof-of-stake blockchain focused on the convergence between decentralized and traditional finance, to launch cross-chain bridges for the Algorand ecosystem. pNetwork has received a grant from the Algorand Foundation for creating […]

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pNetwork Launches Wrapped EOS on Ethereum to Connect the Two Biggest DeFi Ecosystems

pNetwork Launches Wrapped EOS on Ethereum to Connect the Two Biggest DeFi EcosystemsDuring the last year, Ethereum’s DeFi ecosystem has grown exponentially to form a multi Billion Dollar market. As Decentralized Finance expands, it becomes more and more relevant to have cross-chain connections that enable crypto assets to flow instantly and seamlessly across blockchain networks. These make it possible for DeFi platforms to be an effective alternative […]

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pNetwork Launches Yield Farming Programme, Steroids

The pNetwork, the decentralised ecosystem backing the cross-chain pTokens solution, has announced the launch of its yield farming programme, Steroids. The programme will run for a period of one month and will award Uniswap liquidity providers with up to 10% monthly interest, distributed in pNetwork Token (PNT). Designed to onboard new users, increase liquidity and […]

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Eidoo Burns 28 Million $EDO in Preparation for Governance Token Upgrade on June 18th

Eidoo Burns 28 Million $EDO in Preparation for Governance Token Upgrade on June 18thSwitzerland, 11th June 2020. Swiss-based crypto platform Eidoo has today burned almost one third (1/3rd) of the total supply of utility token $EDO as they prepare for its June 18th token upgrade, in collaboration with sister company Provable Things. In one of the largest-scale token burns in the history of cryptocurrency, this burn of 28 […]

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