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Cardano to Invest $100 Million to Fund Decentralized Finance Projects


Emurgo, the financial arm of leading cryptocurrency project Cardano, has announced it will invest $100 million in the development of decentralized finance-based products for the ecosystem. The company will spin two subsidiaries for this task, with one being fully dedicated to incentivizing...

Pnetwork Protocol Gets Hacked, Loses 277 Bitcoin on Binance Smart Chain


Pnetwork, a multi-chain bridging protocol, announced it was hacked yesterday, losing 277 pbtc (its bridged version of bitcoin) on Binance Smart Chain. The protocol acknowledged that an attacker managed to exploit a bug in its codebase to take control of the stolen bitcoin. The bridging contracts...

Smart Contracts Capabilities Are Now Available on Cardano


Plutus Smart Contracts have been integrated into the Cardano mainnet with the help of the HFC protocol. It became eligible for such integrations after the hard fork combinator upgrade in HFC. As per the reports, the Alonzo upgrade will open doors to unimaginable possibilities for Cardano through...

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