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Blockchain ID project Humanity Protocol hits unicorn status with $30M raise
16.5.2024
Over half a million people are already on the waitlist for Humanity Protocol’s public testnet launch, expected to take place in the back half of 2024
The Protocol: Lido Backers vs EigenLayer
15.5.2024
In this week's issue, we've got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data and $70M of project fundraisings
Humanity Protocol Raises $30M at $1B for Decentralized Identification to Rival Worldcoin
15.5.2024
While Worldcoin's technology is based on iris scans, Humanity Protocol uses palm prints
Vitalik Buterin proposes an Ethereum upgrade protocol with a new gas model
15.5.2024
Vitalik Buterin, one of the inventors of Ethereum, has envisioned reshaping the gas fee structure on the blockchain through a proposal called EIP-7706. Creating a new category for call data is the main objective of this agreement, which aims to reinvent the way transaction fees are computed...
North Korea used Tornado Cash to siphon HTX’s $147.5M loot: UN
15.5.2024
A UN report reveals North Korean hackers laundered $150 million in stolen crypto assets through Tornado Cash in March 2024
Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away
15.5.2024
A pseudonymous developer at Solana-based Cypher Protocol has confessed to stealing approximately $300,000 worth of user funds and gambling them away.
The post Cypher Protocol Developer Confesses to Stealing $300,000 in User Funds and Gambling Away appeared first on Cryptonews
The metaverse is coming straight to your web browser: Here’s how
15.5.2024
Layer-1 blockchain and metaverse protocol Somnia has launched the Metaverse Browser, aiming to make Web3 exploration and custom content creation more accessible and user-friendly
Sonne Finance Suffers $20M Exploit, Hacker Flees
15.5.2024
Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC, and flees.
The post Sonne Finance Suffers $20M Exploit, Hacker Flees appeared first on Cryptonews
Solana-based Cypher developer confesses to gambling away $300K of user funds
15.5.2024
The insider’s exploit went unnoticed for months, despite over 36 individual transactions
Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
15.5.2024
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne...
Cypher core contributor admits to stealing $260K and gambling it away
15.5.2024
The contributor, “hoak,” said their actions were due to a “crippling gambling addiction” and “psychological factors that went by unchecked.”
Insider at Solana's Cypher Protocol Admits to Stealing $300K
14.5.2024
Core contributor Hoak blamed his actions on a "crippling gambling addiction."
Bitcoin Runes Protocol Sees Traction Waning After Much-Hyped Introduction
14.5.2024
User activity has plunged after a hyped run-up to the start of the Runes protocol , which was expected by some to mirror Solana’s meme coin ecosystem
Stolen Poloniex Ether worth $53M never made it back to the exchange
14.5.2024
The Poloniex hacker moved over 17,800 Ether (ETH) from six different wallets into a single Tornado Cash address
Daily Bitcoin Rune Etchings Plummet by 99% Since April Peak
14.5.2024
The number of new Runes etched on Bitcoin daily has experienced a drastic decline, falling below 250 for the past six days.
The post Daily Bitcoin Rune Etchings Plummet by 99% Since April Peak appeared first on Cryptonews
Runes protocol sees significant decline in activity
12.5.2024
Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last twelve days, signaling a notable decline
BlockDAG’s X1 app June 1st launch to take the lead in crypto mining innovation, surpassing Near Protocol and Aptos
12.5.2024
Are you looking to transform your smartphone into an efficient crypto-mining device without draining its battery or consuming excessive data? Look no further than BlockDAG and its pioneering X1 app, setting new standards in the crypto mining industry. As the beta release on June 1st draws near...
EigenLayer Launches EIGEN Token Airdrop, Tokens Remain Non-Transferable
11.5.2024
Ethereum restaking protocol EigenLayer has initiated its token-claim process, commonly referred to as an "airdrop," for Season 1, Phase 1 rewards.
The post EigenLayer Launches EIGEN Token Airdrop, Tokens Remain Non-Transferable appeared first on Cryptonews
zkSync Protocol Upgrade V24 to benefit builders and users
10.5.2024
zkSync Era is undergoing an upgrade and has some great news for users and builders. Following its most recent upgrade (VM version 1.4.2, Protocol version 22), which introduced EIP-4844 support and significantly decreased our fees by a factor of 10, now is the opportune moment to introduce some...
Lightning Labs Paving the Way to Bring Stablecoins to Bitcoin
9.5.2024
Lightning Labs CEO Elizabeth Stark believes the new functionality brought by the Lightning Network Taproot Assets protocol will enable stablecoins on Bitcoin.
The post Lightning Labs Paving the Way to Bring Stablecoins to Bitcoin appeared first on Cryptonews