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“This proposal is a first step in a broader goal of further decentralizing governance for Polygon protocols in a security-oriented and responsible way,” Polygon wrote in their blog post. “Going forward, the community will help steer membership and terms of the Council through direct feedback, PIP proposals, as well as
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Two Fantom Foundation wallets on Ethereum and the Fantom Network have fallen victim to a phishing attack, losing over $650,000, according to reports from
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The Fantom Foundation, the developer of the Fantom network, has been hacked for over $550,000 worth of cryptocurrency. The foundation confirmed the attack on X, claiming that most of the funds stolen belonged to other users and that 99% of the foundation’s funds remain safe. The team is currently investigating
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The Sui Foundation denied the allegations in an emailed statement to CoinDesk. “The Sui Foundation wants to address unfounded and materially false statements surrounding the supply of SUI tokens. Contrary to recent conjecture, there has never been any sale of SUI tokens by the Foundation after the initial Community Access
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The foundation wallets of the Fantom blockchain have been drained on both Ethereum and Fantom, according to blockchain security analyst Certik. Source
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The DMCC said it onboarded the Solana Foundation as one of its ecosystem partners for technical support and to build a robust ecosystem. The Solana Foundation has joined the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The DMCC, a free economic zone in the United Arab Emirates (UAE), will
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Roland Berger sees blockchain technology as a "foundational element critical for its success," thanks to its decentralized model guaranteeing "a transparent, auditable, and secure record of recycling credits and transactions," according to the statement. Source
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Telegram’s partner, the Open Network (TON) Foundation, in partnership with Alibaba Cloud, has announced plans to set up 256 servers for a
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The Web3 Foundation, a firm whose flagship project is the Polkadot blockchain protocol, has unveiled a new initiative to allocate $22.08 million and 5 million DOTs throughout the year 2024. This move aims to bolster the existing community-governed funding mechanism, which originates from the Polkadot Treasury. More updates to come Web3 Foundation was
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The Ethereum Foundation — the non-profit organization dedicated to supporting Ethereum Ethereum (ETH) and related technologies — announced it had sold 1,700 ETH for USD Coin (USDC). According to an Oct. 9 tweet by blockchain data service Scopescan, the Ethereum Foundation just sold 1,700 ETH for about $2.76 million of the
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