Exploit of Fantom, Moonriver and Dogechain Crypto Bridges Confirmed by Multichain Team
“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday.
Blockchain
Bitcoin Retakes $30K, Asian Stocks Hit 5-Week Low Ahead of U.S. Jobs Report
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Shiba Inu-Based Shibarium Blockchain Expected to Go Live in August
The layer 2 network will utilize bone, treat, shib and leash tokens for applications built on the blockchain.
Decentralized Exchange PancakeSwap Goes Live on Polygon zkEVM Blockchain
This will be the popular DEX’s fourth blockchain after Ethereum, Aptos and BNB Chain.
‘Storage Proofs’ Touted as Alternative to Hack-Prone Bridges in Multichain World
Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it’s there on a different chain, will go live on Starknet soon.
U.S. Banking Watchdog Makes Case for Tokenization, Just Not on Public Blockchains
Self-styled crypto skeptic Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency (OCC), said tokenization of assets is a serious advance into the future of finance, but decentralized blockchains may be too problematic to handle that movement.
Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode.
Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions to Blockchain Networks
In a new set of experiments Swift will collaborate with major financial market institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group.
3 Reasons Why Beauty on the Blockchain Makes Sense
Through new forms of digital artistry and cutting-edge technological innovation, today’s leading beauty companies hope to reach Web3-native consumers, create meaningful experiences and perhaps even clean up their supply chain.
Bitcoin’s Short-Term Holders Are Again Selling at Profit
Short-term holders’ renewed profitability is a positive signal for near-term price action, according to on observer.