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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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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a stunning turn of events, former NFL quarterback Tom Brady faces financial turmoil after losing a staggering $30 million in the collapse of cryptocurrency giant FTX. The now-worthless shares were part of Brady’s arrangement with FTX
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.Amid the growing number of hacks in the DeFi ecosystem, a smart contract developer has made a new Ethereum request for comment (ERC)
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A decentralized finance “circuit breaker” could have prevented billions of dollars worth of crypto being stolen from DeFi protocols in 2022, according to the developer of the newly published ERC-7265 proposal.A new Ethereum request for comment (ERC) was published on Github on July 3. In it, the lead developer Diyahir
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A crypto whale has lost approximately $1.88 million after their ETH short position failed to yield the desired result. The price of ether (ETH) has continued its bullish momentum this week. Most likely fueled by a desire
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Cryptocurrency prices rose early Friday but then dropped sharply following a report that the SEC had deemed recent spot BTC filings inadequate. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Chiru Labs’ Azuki NFT collection witnessed a steep 44% drop in floor prices within a 24-hour period as holders and market observers criticized the newly launched Elementals NFT collection. Community responses indicated a prevailing sentiment that certain
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Crypto markets nosedived Monday following the SEC suit accusing Binance, the world’s largest crypto exchange by trading volume, and its chief executive, Changpeng “CZ” Zhao, of offering unregistered securities, commingling user deposits and inflating trading volumes. Source
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At least $35 million worth of crypto assets have been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest losses account for $17 million.According to Atomic Wallet on Twitter, the cause of the attack is being investigated. Reports have surfaced
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