Friday, March 29, 2024
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Circle launches ‘bridged USDC standard’ for deploying to new networks

Circle has launched a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post. The new “bridged USDC standard” allows developers to launch the token through a two-phase process. In the first phase, the third-party developer has control of the

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Slope Wallet hacker bridged funds to TRON, cashed out through OTCs

Blockchain sleuth ZachXBT says Slope Wallet founder Leal Cheung created a new project immediately after the hack. Victims of Slope Wallet hack, which suffered a $4 million loss in August 2022, are “unlikely” to see anything returned given that the team behind the project took no responsibility. A well-known blockchain investigator ZachXBT

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Connext founder proposes ‘Sovereign Bridged Token’ standard after Multichain incident

An Ethereum Improvement Proposal (EIP) made on July 7 seeks to standardize how tokens are bridged between networks. The “Sovereign Bridged Token” standard, or EIP-7281, allows token issuers to create canonical bridges across multiple networks.The proposal was co-authored by Arjun Bhuptani, founder of the Connext bridging protocol. In a July

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As Multichain (MULTI) Wobbles, Some Fantom (FTM)-Based DeFi Projects Flee Bridged Tokens

On Wednesday, the decentralized exchange (DEX) Beethoven X sent $300,000 in treasury stablecoins from Fantom to Ethereum; protocol builder Byte Masons did the same with ether (ETH) and USD coin (USDC) it used in trading pools. Earlier this week, DeFi yield farm Beefy sent $200,000 in tokens owned by Binance

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Deposit suspensions hit bridged tokens pending multichain team’s clarification

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In response to a series of transaction issues that raised concerns about the Multichain (MULTI) protocol, leading crypto exchange Binance has temporarily suspended deposits for 10 bridged tokens as of May 25. Affected token pairs include polkastarter

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Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday – Bitcoin News

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to

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Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network – Bitcoin News

Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the

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Bridged Stablecoins on Solana Get a Boost With Mercurial Finance Pools — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies

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