“We’re so early,” as the crypto meme goes, but when it comes to the experience of working as a Web3 developer, that’s not necessarily a good thing. There are multiple challenges facing blockchain-focu...
Tag: bridges
Uniswap DAO debate shows devs still struggle to secure cross-chain bridges
Over $2.5 billion was stolen in cross-chain crypto bridge hacks from 2021 to 2022, according to a report by Token Terminal. But, despite several attempts by developers to improve bridge security, a de...
Speculators push price of testnet ether on Goerli network to $1.60
The price of testnet ether on the Goerli testnet spiked to $1.60 on Feb. 25 as traders speculated on a token that’s supposed to be worthless. Last week, cross-chain platform LayerZero crea...
How trustless bridges can help protect users
Blockchain bridges allow decentralized finance (DeFi) users to use the same tokens across multiple blockchains. For example, a trader can use USD Coin (USDC) on the Ethereum or Solana blockchains to i...
Mikal Bridges Holds Key To Brooklyn Nets Future
Brooklyn Nets’ Mikal Bridges (1) goes to the basket against Philadelphia 76ers’ Joel Embiid, left, … [+] during the fourth quarter of an NBA basketball game Saturday, Feb. 11, 2023, ...
How can we make DeFi bridges safer? Minimize the trust
Ad Blockchain bridges, also known as cross-chain bridges, are designed to connect different blockchain networks and enable the transfer of assets between them. However, developers must address several...
A16z votes against proposal to deploy latest Uniswap iteration on BNB Chain
A proposal to deploy the latest version of decentralized exchange Uniswap on the BNB Chain passed an early temperature check, and a full governance vote on the Uniswap DAO is bringing the heavy hitter...
Uniswap temperature check spurs feverish backroom maneuvering among crypto VC heavyweights
A community “temperature check” vote to see which cross-chain bridge would be utilized for decentralized exchange Uniswap’s third iteration swung decidedly in favor of Wormhole. But ...
LayerZero CEO denies accusations of critical trusted third-party vulnerabilities
LayerZero CEO Bryan Pellegrino denied accusations that LayerZero — in connection with its Stargate bridge — has two critical trusted third-party vulnerabilities. “It’s 100% factually incor...
Wormhole Bridge’s Threat Actor Moves $155m Through DEX
In what appears to be the third largest hack in recent DeFi history, news of fund movement in relation to the historical Wormhole hack once again sparks a certain degree of fear, uncertainty, an doubt...
Wormhole exploiter converts $150 million in ETH to staked assets and levers up
Following days of inactivity, the address associated with the theft of $323 million worth of ETH from the cross-chain protocol Wormhole began shuffling assets, Etherscan records show. News of th...
HedgeUp Bridges the Gap Between Bitcoin and Gold
SPONSORED POST* Gold and Bitcoin have a lot of similarities but many differences as well. One could argue that they represent two different sides of the same philosophical coin. Gold has been historic...
Unbanked Bridges Digital Assets and Traditional Banks; Spreads Services To More Regions Across the Globe
Cryptocurrency has the edge over traditional financial systems because it is decentralized and ultimately free from the control and bottlenecks of banking institutions, central banks, and the governme...
Cosmos-based DeFi protocol Onomy raises $10 million: Exclusive
Onomy, a Cosmos-based decentralized finance protocol, has raised $10 million in a private token funding round. The round was backed by investors including Bitfinex, GSR, Ava Labs, CMS Holdings a...
On the User Experience of Cross-Chain Bridges
November 15, 2022, 4:39PM EST • 7 min read Quick Take Interoperability protocols are becoming more relevant for the continued development of increasingly fragmented blockchain ecosystems. While most e...
Introducing The New Bridges Exchange Aggregator
First, there was the launch for our token, Bridge$. Then there was the launch of Bridges Exchange as a decentralized exchange (DEX). Today, we’re thrilled to announce the next chapter: We’ve launched ...
Mastercard Bridges the Gap Between Banks and Crypto
Mastercard is looking to bring the traditional world of banking and crypto together by making it easier for the former to get involved with the latter. The company has announced a new program that wil...
World Cup 2022: Poloniex bridges football fans with fan tokens
During the Covid-19 pandemic, there has been an ongoing zeal among sports leagues to explore the Web3 world. Seeing the excitement for Web3 among the masses, Poloniex, a global crypto exchange, rides ...
How ChainPort Is Making DeFi Cross-Chain Bridges Safer
Hacks in the decentralized finance (DeFi) space have become so rampant that they are expected at this point. However, with billions of dollars passing through the industry, it has become imperative to...
Blockchain Bridges Keep Getting Attacked. Here’s How to Prevent It
As these examples suggest, focusing on the shortcomings of bridges while failing to address ground-level security measures is not the way forward. Bridges per se are not the problem; technology is, af...
The Weekend Shift: Bitcoin, NFTs, Cross-Chain Bridges
Welcome to the 88th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write ab...
‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs — Elliptic
New research from blockchain analytics and crypto compliance firm Elliptic has revealed the extent to which cross-chain bridges and decentralized exchanges (DEXs) have removed barriers for cybercrimin...
Over $4B Laundered Through DEXs, Swaps, And Bridges
Blockchain analytics and crypto compliance firm Elliptic has laid bare the extent to which decentralized exchanges and bridges are being used to launder funds. The new report published by the firm ha...
Over $4B laundered through DEXs, coin swaps and cross-chain bridges, Elliptic reports
Blockchain security company Elliptic revealed that around $4 billion had been laundered through decentralized exchanges, cross-chain bridges, and coin swaps since 2020. According to the report, the il...
Criminals have laundered $4 billion through DEXs, bridges and coin swaps: Elliptic
Elliptic researchers say financial criminals have laundered billions with the help of popular crypto tools. Since 2020, cyber criminals have used decentralized exchanges (DEXs), cross-chain bridges an...