Borderless Capital Leads Wormhole-Powered $50M Cross-Chain Fund
Among the other investors are Jump Crypto, Arrington Capital, the Solana Foundation and Aptos Labs. Original Source
Read More
CrossChain
DeFi Broker Prime Protocol Introduces Bridgeless Cross-Chain Token Transfers
The protocol aims to eliminate the need for token bridges, wraps and swaps to make moving crypto tokens between blockchains safer. Source
Read More
Cross-Chain Bridge Stargate's Volume Soars as Airdrop Hunters Set Sights on LayerZero Token
Volume on the Stargate cross-chain bridge has surged by 30% in the past 24-hours as investors attempt to meet the criteria for a rumored LayerZero airdrop. Source
Read More
Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche
Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge
Read More
Cross-Chain Bridge Aggregator LI.FI and InsurAce Pitch Protection for Moving Crypto Between Blockchains
LI.FI and InsurAce’s offering is nowhere near that level yet. At press time, the tool said it covered around 130 transactions, some $15,000 in value across eight different chains. The starting amount for the bridge cover fund currently stands at $200,000. “As a brand new product, we’re starting small and
Read More
LayerZero raises $120M to expand cross-chain messaging efforts
Cross-chain messaging protocol developer LayerZero Labs has raised another $120 million, according to an Apr. 4 announcement. The company plans to use the capital to increase its headcount and expand its reach into the Asia-Pacific region. The company had previously raised $135 million in March 2022.pic.twitter.com/mhJgoovYis— LayerZero Labs (@LayerZero_Labs) April
Read More
Cross-Chain Protocol Swing Says ‘No-Code’ Product to Speed Up App Deployment
Applications that straddle multiple blockchains are becoming more common, though the cross-chain “bridges” often used to move digital assets back and forth between the different networks are frequently targeted by hackers. Chainalysis, a blockchain security firm, estimated the costs of hacks and other thefts from cross-chain bridges at $2 billion
Read More
Axelar Introduces Virtual Machine for Developers Building Cross-Chain Crypto Apps
“Kubernetes allows you to program how you want to deploy your application in the Web2 world. Like what are the regions where it needs to be deployed? What are the application servers? What are the databases behind it?” Gorbunov explained. “Similarly, using the [Axelar] virtual machine, we can let [Web3]
Read More
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 debate from December 2022 to January 2023 on the Uniswap DAO forums has laid bare security weaknesses that continue
Read More
XRP Ledger Proposes Cross-Chain Bridge to Increase Network and Token Utility
The proposal defines how changes to an account's transaction sequence can be made on the XRP Ledger to ensure the movement of tokens between XRP Ledger and associated sidechains. Source
Read More