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“# Synapse Bridge prevents $8M USD hack ” Cross-chain protocols are continuing to face challenges, with Synapse Bridge narrowly averting a multi-million exploit. On Nov. 7, Synapse Bridge announced on Discord they had prevented a hacker from draining approximately $8 million USD from the Avalanche Neutral Dollar (nUSD) Metapool. The hacker attempted to exploit a…
“# Reddit to reportedly tokenize karma points and onboard 500M new users ” American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. A series of tweets made by Reddit engineer, Rahul, highlights…
“# Truly decentralized finance will be beyond siloed blockchains ” “Yahoo users will not be able to interact via mail with Google email (Gmail) users,” — If tomorrow’s headlines sounded like this, the earth would come to a halt. This headline shall never see the light for all the right reasons. However, blockchain tech and…
“# Bug in Ethereum client leads to split — EVM-compatible chains at risk ” A major consensus bug has affected more than half the Ethereum network’s nodes, causing those running older versions of Geth to split from the main network. According to Ethereum software developer Marius van der Wijden, an attacker exploited a vulnerability affecting…
“# The future of DeFi is spread across multiple blockchains ” Long stuck in the shadows of Bitcoin (BTC), Ethereum (ETH) finally took hold of the market in 2020 during the decentralized finance summer. Designed to recreate traditional financial systems with fewer middlemen, DeFi is now being used across lending, borrowing, and the buying and…
“# Rangers Protocol launches Ethereum Virtual Machine-compatible testnet ” The Rangers Protocol has opened its testnet to users aiming to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability. In a Friday announcement, the Rangers Protocol said it had successfully migrated its first Dapp to the testnet which went live on July 19….
“# Crypto.com deploys its Ethereum Virtual Machine chain testnet ” The Crypto.com chain testnet allowing projects built on Ethereum to transfer over to its ecosystem from chains compatible with Ethereum Virtual Machine is now live. In a Tuesday announcement, Crypto.com said it had launched the testnet for its Ethereum Virtual Machine, or EVM, chain called…