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On February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said a “detailed incident report” will be published soon. Wormhole Network Returns, … Read more
The venture capital firm dug into its own pockets to restore trust in the Wormhole ecosystem. Go to Source Powered by WPeMatico
The bearish continuation setup could push Solana price dropping to nearly $50 in the sessions ahead. Go to Source Powered by WPeMatico
Web3Auth’s technological infrastructure has already been implemented by the likes of Binance Chain, Ubisoft and Rarible across an array of Web3 projects. Go to Source Powered by WPeMatico
Despite Solana’s low power consumption per transaction, the PoS network still uses much energy overall compared to other PoS protocols. Go to Source Powered by WPeMatico
Reports indicate that the Wormhole Network’s ethereum ↔ solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network is “down for maintenance,” as the team “looks into a potential exploit.” Wormhole … Read more
Bitcoin and altcoins took an unexpected dip today, signalling that even with $40,000 in sight, the overall sentiment remains negative. Go to Source Powered by WPeMatico
The platform is working alongside popular payments firm Circle to support the adoption of USDC, among other assets, throughout the traditional markets. Go to Source Powered by WPeMatico
On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise. The crypto company is now a Unicorn with a post valuation of $1.2 billion in value. Solana Web3 Wallet Phantom Raises $109 Million The Phantom wallet team has raised $109 million in a … Read more
SOL price is more than 60% away from its all-time high and data shows that it’s not the network outages but the loss of territory to competing chains driving the correction. Go to Source Powered by WPeMatico