Orbs, a Layer-3 infrastructure network for decentralized applications, has teamed up with Axelar Network to provide users an easy and secure option to bridge their ORBS tokens to other popular blockchains like Ethereum and BNB Chain. Previously, ORBS tokens could be bridged on other networks thanks to the Multichain cross-chain protocol. However, after “unusual
August 14, 2023 2 mins read
After experiencing an assault on its “zStables” pools on Curve Finance, Zunami Protocol has warned users not to purchase any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins. Please do not buy zETH and UZD at the moment, their emission has been attacked. — Zunami Protocol (@ZunamiProtocol) August
August 14, 2023 1 min read
The FLOKI Community is excited over the recent update. The FlokiFi Locker has been deployed on the opBNB testnet as per the recent update by the team. By providing cheaper fees and better throughput, opBNB from BNBchain is a high-performance layer-2 solution that liberates its full potential. By making its
August 12, 2023 2 mins read
Slivingland, a metaverse experience created by Paris Hilton’s 11:11 Media, has recently been released on the online gaming platform Roblox. The developers of Roblox are banking on Hilton’s massive social media following (70 million users) to use and cherish the venue. Hilton, in 2019, invented the phrase “slivingland” by merging
August 12, 2023 1 min read
Riot Platforms, a Bitcoin mining company headquartered out of Colorado, cut its quarterly net loss to $27.7 million as it increased Bitcoin output and hit record hash rate capacity. A 27% year-over-year rise in Bitcoin output, although being somewhat offset by a fall in Bitcoin prices, led to the cryptocurrency
August 10, 2023 1 min read
On August 9, PeckShield, a blockchain security company, announced new vulnerabilities affecting DeFi initiatives. The company claims that a reentrancy assault affected Aave’s Earning Farm, leading to the loss of at least $287,000 in Ether. A reentrancy attack occurs when an attacker repeatedly submits and withdraws a money request in
August 10, 2023 1 min read
Circle Internet Financial, the firm behind the USDC stablecoin, launched a new programmable web3 wallet platform on Tuesday with the goal of assisting companies in accepting digital-asset payments from clients. Users may transfer, receive, and store cryptocurrencies such as Circle’s USDC stablecoin and non-fungible tokens (NFTs) via “programmable wallets” that
August 9, 2023 1 min read
U.S. consumers will soon no longer be allowed to engage in trading in seven cryptocurrencies, according to the notice made on August 8. This is possibly due to recent regulatory updates by the U.S SEC. Beginning on August 29th, Bitstamp will no longer allow users in the United States to
August 9, 2023 1 min read
Paolo Ardoino, CTO of Tether, gave his thoughts on PayPal’s stablecoin launch. In terms of market cap, Tether (USDT) is the biggest stablecoin. Ardoino maintained that the most recent PYUSD maneuver would not threaten their preeminence. According to Ardoino, this is because PayPal’s stablecoin (PYUSD) was introduced in the United
August 8, 2023 1 min read
A $1 million estimated attack caused Solana-based Cypher Protocol, a decentralized futures exchange, to suspend its smart contract. On August 7th, Cypher tweeted its users to let them know that the platform had encountered a security breach and had temporarily disabled its smart contract. The group has also reached out
August 8, 2023 2 mins read
