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The Algorand partnership marks Wormhole’s 10th integration with a layer 1 blockchain, as developers focus on interoperability solutions. Popular layer 1, or base-layer, blockchains, such as Ethereum, Avalanche and Solana, cannot easily communicate with each other, meaning assets held on one blockchain are difficult to transfer onto and account for
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Late Wednesday, Twitter user @shibainuart reported that CoinMarketCap had removed three listed Shiba Inu (SHIB) addresses on the Binance Smart Chain (BNB), Solana (SOL), and Terra (LUNA) blockchains. Only the ERC-20 (ETH) SHIB token is visible on the site at the time of publication. A massive firestorm brewed on Twitter
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The Solana price has been on an upswing ever since the bloodbath that followed DeFi’s largest hack of 2022. The Wormhole network stated that stolen money had been restored, giving Solana price some much-needed relief. Related Reading | Solana price recovers from downtrend after $325 million restored on Wormhole network After hours
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Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.It’s been a tumultuous week of doxxing, hacks, bailouts and new highs in the decentralized finance space. Read on to recap the most impactful stories of the last seven days. This article represents a conspectus of the full email newsletter. For the
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Bridges and other connections between blockchains present serious security challenges. Whether they can be solved will determine the future of the entire ecosystem. Source
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After the Wormhole hack on Wednesday, when the decentralized finance (DeFi) platform Wormhole became the victim of the largest cryptocurrency theft this year, Jump Trading restored
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Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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On Thursday, Jump Crypto, a crypto venture capital firm that owns Certus One, the developer of the Wormhole token bridge, announced it had deposited 120 thousand Ether (ETH) into a Solana-Ethereum bridge that suffered a devastating exploit. The day prior, hackers fraudulently minted 120 thousand wrapped Ether (wETH) worth $321
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DeFi applications use smart contracts to provide financial services, such as trading, lending, and borrowing, to users. Concerns loomed among traders and developers after the exploit. "If nobody backs it and the coins are truly gone then Wormhole ETH is worth 0," George Harrap, founder of Solana DeFi platform Step
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The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform.Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange
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