Blockchain

DeFi platform Hedgey Finance Suffers $44.7 Million Exploit
Blockchain

DeFi platform Hedgey Finance Suffers $44.7 Million Exploit

Hedgey Finance, a decentralized finance (DeFi) platform known for supporting decentralized autonomous organizations (DAOs) with token distribution services, recently found itself under siege in a cyber attack that resulted in a substantial loss of $44.7 million across two blockchain platforms, Arbitrum and Ethereum. This attack has raised concerns about the security vulnerabilities within the decentralized finance (DeFi) […]

Apr. 19, 2024
North Korean Hackers Stole $100 Million in Crypto Heist
Crypto

North Korean Hackers Stole $100 Million in Crypto Heist

The FBI has confirmed that North Korean hackers were behind the $100 million cryptocurrency theft from Harmony’s Horizon Bridge last June. The cybercriminal group known as Lazarus Group, backed by the North Korean regime, carried out the audacious digital heist. The announcement verifies earlier findings by blockchain analysis firm Elliptic, the first to link the […]

Apr. 16, 2024
Solana Developers Roll Out Software Update to Tackle Network Congestion
Solana

Solana Developers Roll Out Software Update to Tackle Network Congestion

Solana developers have released a new software update, version 1.17.31, which is now recommended for general use by mainnet validators. This update aims to tackle the congestion issues caused by the surge in meme coin trading activity on the network. The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains […]

Apr. 15, 2024
Bitfinex Securities Launches Tokenized Debt to Build Hotel in El Salvador
Blockchain

Bitfinex Securities Launches Tokenized Debt to Build Hotel in El Salvador

Bitfinex Securities revealed today its intentions to initiate a tokenized debt offering to raise $6.25 million. This capital will be used to develop a Hampton by Hilton hotel complex at El Salvador’s international airport. The company, Bitfinex Securities El Salvador S.A. de C.V., is a major player in tokenized securities. Businesses leverage the blockchain to […]

Apr. 12, 2024
Ethereum L2s to Reach $1T Market Cap by 2030: VanEck Analysts
Blockchain

Ethereum L2s to Reach $1T Market Cap by 2030: VanEck Analysts

In an April 3 report, analysts from investment management company VanEck forecasted Ethereum‘s Layer-2 protocols will hit a market capitalization of $1 trillion by 2030. VanEck’s prediction is based on the significant growth and impact of L2 technologies on Ethereum’s performance and scalability. The company’s senior digital assets investment analyst Patrick Bush and digital assets […]

Apr. 5, 2024
Ethereum Restaking Raises Concerns over ‘Hidden Risks’: Coinbase Report
Ethereum

Ethereum Restaking Raises Concerns over ‘Hidden Risks’: Coinbase Report

Ethereum restaking could form the ‘bedrock’ for a wide range of new decentralized applications on the blockchain. However, it could also introduce several new hidden risks, says Coinbase. In a research report released on April 2, analysts David Han and David Duong from Coinbase outlined various risks associated with restaking and issuing liquid restaking tokens […]

Apr. 3, 2024
Tron’s Legal Tussle: Defending Foreign Grounds Against SEC
Blockchain

Tron’s Legal Tussle: Defending Foreign Grounds Against SEC

The Tron Foundation, the entity behind the layer-1 blockchain Tron, has filed a motion in a New York federal court to dismiss a lawsuit brought against it by the United States Securities and Exchange Commission (SEC). The Foundation argues that the SEC’s case targets “predominantly foreign conduct” beyond the regulator’s jurisdiction. In its March 28 […]

Apr. 1, 2024
Ethereum Network Hits 1M Validators with $114B Staked
Blockchain

Ethereum Network Hits 1M Validators with $114B Staked

Data from a Dune Analytics dashboard created by Hildobby, which tracks Ethereum staking progress, shows that the total number of validators on the Ethereum blockchain reached the one million mark on March 28. These validators have staked over 32 million of Ether, valued at approximately $114 billion based on current market prices. This amount constitutes […]

Mar. 28, 2024
Coinbase Takes Action to Protect Ethereum Network
Ethereum

Coinbase Takes Action to Protect Ethereum Network

In a strategic business decision, Coinbase’s crypto exchange is now running half of its Ethereum validators on the new software. This is intended to prevent the Ethereum blockchain from being jeopardized by fatal flaws. It also symbolizes a large step forward in the journey to provide more options for execution clients on the Ethereum platform. […]

Mar. 28, 2024