IBC has always had the bug, but it only recently became exploitable due to developments in the protocol’s codebase, Asymmetric Research said.
Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer Integration
The new technology from Union Labs comes after the blockchain interoperability project raised $4 million in November.
Crypto Is (and Isn’t) Money
Native Token Transfers Are the Next Evolution of Interoperability
Wrapped assets introduced a wave of DeFi innovation that cross-chain protocols are looking to take forward.
Ethereum Interoperability Hub Polymer Raises $23M Series A Funding From Marquee Investors
The funding round was co-led by Blockchain Capital, Maven 11 and Distributed Global and included contributions from Coinbase Ventures, Placeholder and Digital Currency Group.
Chainlink Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers
The integration allows developers to build cross-chain use cases via Chainlink’s CCIP that involve multichain transfers of Circle’s USDC stablecoin.
The Protocol: Blockchain Tech Predictions for 2024, Er… Best Guesses
Why not try? At least? Check out The Protocol’s FIRST ANNUAL list of blockchain tech predictions for the coming year. ALSO: Ledger hack sows DeFi discord while Ordinals “NFTs on Bitcoin” activity produces Bitcoin fee spike and a lucrative surprise at Sotheby’s.
Sushi taps into ZetaChain to begin testing native Bitcoin DeFi swaps
Decentralized exchange Sushi will test native Bitcoin DeFi functionality that promises to allow users to swap BTC across 30 blockchain networks.
‘Intents’ Are Blockchain’s Big New Buzzword. What are They, And What Are the Risks?
Intent-centric programs are quietly transforming how we operate on blockchains, but they bring risks as well as benefits.
Polygon co-founder – $1B bet on ZK-rollups paying off
Polygon has allocated an estimated $1 billion on zero-knowledge technology underpinning its Ethereum scaling layer 2 solutions.
Ethereum Developer Consensys Unveils ‘Snaps’ Add-Ons for MetaMask Wallet
According to a press release, Snaps are “new features and functionality, created by third-party developers, that MetaMask users worldwide can install directly into their wallet.”
Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability
The fundraise comes as interoperability protocols have attracted investors, despite the bear market.
Chainlink’s Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live
This is the launch of the standard that could connect all of the blockchains and all of the bank chains, Sergey Nazarov said in an interview with CoinDesk.
Forget about price! Polkadot Decoded 2023 says bear markets are for building
The mantra of this year’s Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price.
Interoperability Protocol Connext Labs Raises $7.5M at $250M Valuation
Connext said it is “building the HTTP of Web3” to create a communication layer across different blockchain networks.
Blockchains need an interoperable standard to evolve, say crypto execs
Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says.
A ‘Super App’ May Be Web3’s Super Power
Crypto Protocol LayerZero Raises $120M Series B at $3B Valuation
The cross-chain interoperability and messaging protocol last raised funds in March 2022 at a $1 billion valuation.
Polychain Leads $15M Funding Round for Crypto Startup Polyhedra Network
The Web3 infrastructure provider has now raised money twice in 2023.
‘Killer use case’: Citi says trillions in assets could be tokenized by 2030
The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized.