Altcoins
Coinbase launches bridge for layer-2 blockchain Base, sets mainet launch date
Coinbase launched a bridge for its Ethereum layer-2 blockchain “Base,” on Thursday and set Base’s mainet launch for Aug. 9.
Tom Zuo
Lens
cross-chain bridges
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Advanced Blockchain Technologies
Why trustless oracles are vital to Web3’s future
What are ‘trustless oracles,’ and how will they shape the development of the metaverse and Web3? Markus Levin of XYO and XY Labs explains.
Markus Levin
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Crypto Trading and Strategies
Crypto exchanges face an existential challenge. What can bring users back?
Amid the rubble of FTX and other centralized exchanges, cross-chain technology and on-chain trading offer more trustworthy alternatives, writes Simon Harman of Chainflip.
Simon Harman
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Altcoins
North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack
The Lazarus Group, a North Korean cybercrime organization, has transferred 41,000 Ether (US$63.9 million) stolen from the 2022 Harmony bridge hack onto cryptocurrency exchanges Binance, OKX and Huobi, according to blockchain data shared by Twitter sleuth ZachXBT.
Lachlan Keller
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DeFi News
DeFi still has a long way to go before mass adoption
Decentralized finance will stay niche unless the sector overcomes its myriad problems, including a lack of a credit system and regulations that inspire greater trust, writes Brian Pasfield.
Brian Pasfield
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Altcoins
Token price of Ethereum-based play-to-earn company Gala Games falls some 20% after hacking scare
The network says the apparent attack was just a preemptive safeguard against an issue with a cross-chain bridge.
Dylan Butts
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Blockchain Security
Twitter user prevents 200 billion BitBTC bridge exploit, highlighting major vulnerability
A Twitter user highlighted a vulnerability in BitBTC's Optimism bridge and averted what could have been the latest in a string of bridge exploits this month.
Dylan Butts
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Regulation
US$4B in money laundering happened on DEXs, bridges and coin swaps: Elliptic
Criminals have used decentralized exchanges (DEX), cross-chain bridges and coin swap services to launder more than US$4 billion worth of illicit crypto gains, according to a research report by blockchain analytics firm Elliptic. See related article: SWIFT, Chainlink announce cross-chain interoperability pact Fast facts See related article: Chainalysis says $2 bln stolen in cross-chain bridge […]
Ningwei Qin
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Blockchain Security
Chainalysis says $2 bln stolen in cross-chain bridge hacks this year, more expected
Blockchain analytics firm Chainalysis says cross-chain bridges that allow transfer of assets between independent blockchains are among the highest risk protocols in the blockchain industry for scams and bad actors. Chainalysis in a new report estimates that US$2 billion worth of cryptocurrency has been stolen from cross-chain bridges across 13 attacks so far this year, […]
Lachlan Keller
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Blockchain Security
Cardano users said to be indirectly affected by Nomad’s US$200 mln exploit
Monday’s attack on Nomad indirectly affected Cardano users as the protocol was one of multiple bridges deployed to Milkomeda C1, a layer 2 protocol which allows Ethereum decentralized apps (dApps) to be deployed in the Cardano ecosystem, Milkomeda said. See related article: More than 300 addresses said to perpetrate Nomad’s US$200 mln exploit Fast facts […]
Danny Park
