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The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token issuers to maintain a list of official bridges and control how many tokens can be minted by each.In addition to Connext,
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The Wormhole Gateway is designed to make it easier for developers and users to on-ramp liquidity into the Cosmos ecosystem. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The BNB Beacon Chain, which Binance manages, is preparing for an upcoming hard fork that will introduce substantial enhancements to its blockchain network’s security and functionality. In an announcement on July 12, the “ZhangHeng” upgrade will
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ian W. from OSO AI delivered a speech at the ETHBarcelona conference, discussing integrating AI into the web3 space to create a new front-end that simplifies user experience and fosters mainstream adoption. Ian W., representing OSO AI,
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Blockchain network Avail has launched a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer-2s that do not store full transaction data on Ethereum, the announcement stated.Avail was originally created by
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“When an L3 or a validium sends the transaction data to Avail, the data attestation bridge provides the attestation on Ethereum,” Anurag Arjun, the founder of Avail, told CryptoX. This then proves to Ethereum that “whatever data was submitted by the rollup to Avail is actually available.” Source
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Abnormally large outflows from the Multichain MPC bridge platform on July 6 have sparked fears that an exploit could be underway. Over $102 million worth of crypto has been withdrawn from Multichain’s Fantom bridge on the Ethereum side, as well as $666,000 from Dogechain and $5 million from Moonriver.Multichain likely
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Polygon Labs, creator of the Polygon network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different “layers” that will combine to create a web of networks ultimately connected to
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The United Arab Emirates’ hubs of Abu Dhabi and Dubai had identical scores for crypto regulatory structure and crypto adoption, two of the most heavily weighted criteria in the ranking overall. But while the UAE’s regulatory structure is top tier – and accounts for 35% of its total score –
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This “Crypto City” guide looks at Sydney’s crypto culture, the city’s most notable projects and people, its financial infrastructure, what retailers accept crypto and where you can find blockchain education courses — along with a history of its
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