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Cross-chain decentralized exchange THORSwap has concluded a $3.75 million private token sale backed by leading venture funds within the blockchain industry, offering further evidence that investors are keen to back market-ready DeFi platforms. The funding will be used by THORSwap to continue building its development and operational resources, including the launch
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Decentralized oracle service Umbrella Network officially launched on Ethereum Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC. The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the need to transfer tokens and other crypto assets
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Technically, “Wormhole V2 is already live for Solana, ETH, and Terra,” Curran explained. Wormhole’s node operators, known as guardians, “support Terra for V2, but the front-end interface support that allows users to transfer assets in and out of Terra to Solana and Ethereum is not live yet. The Wormhole team
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After a $6 million funding round from leading blockchain venture capital firms and decentralized finance (DeFi) power users, XDEFI Wallet is looking to challenge incumbent MetaMask’s reign.XDEFI is a wallet that will allow users to interact with nine different blockchains. Key features include proprietary gas pricing algorithms and automatically adding
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The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from
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PNetwork, a decentralized finance (DeFi) system that allows different blockchains to communicate with each other, said it lost 277 bitcoins ($12 million) after an attacker found a bug in its code.The attack targeted its pBTC token on Binance Smart Chain, pNetwork said in a tweet. Bridges to other blockchains weren’t
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During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Today, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges There’s a decent quantity of cross-chain blockchain bridges these days and it
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On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study highlights the current “multi-chain market structure” and bridges that are making a myriad of blockchains compatible. Researcher: ‘We Are Finally in
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Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network's high transaction fees and delayed confirmations. One of the biggest beneficiaries of the quest to find
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Chainlink (LINK) has announced the launch of a new Cross-Chain Interoperability Protocol (CCIP) designed to facilitate seamless, cost-efficient, and secure messaging and asset transfer between numerous independent blockchains, according to a blog post on August 5, 2021. Chainlink Promoting Cross-chain Interoperability with CCIP The success of bitcoin (BTC) and Ethereum (ETH) over
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