Past eras of crypto development were marked by a rapid proliferation in protocols for decentralized finance (DeFi) or other purposes, built atop big blockchains like Ethereum. Recently, however, there’s been a mini-explosion in new blockchains, including so-called layer-2 networks built atop Ethereum. The trend is encapsulated in this week’s launch of the Sei network – … Read more
Shibarium hopes to lure users to a low-fee ecosystem focused mainly on financial services and gaming. The Ethereum layer-2 network will utilize BONE, TREAT, SHIB and LEASH tokens for applications built on the blockchain, which could lift the prices of these tokens as demand increases. Shiba Inu developers on Wednesday were set to push live … Read more
Sei, a new trading-focused blockchain backed by Jump Crypto and Multicoin Capital, went live Tuesday, setting off a flurry of trading for the project’s just-launched SEI token and pushing its first-day market capitalization to more than $400 million. Trading volume for SEI has topped $1.6 billion in the past 24 hours according to CoinMarketCap, with … Read more
Crypto asset management product De.Fi released its antivirus tool on the zkSync Era blockchain, a company representative told CoinDesk. The antivirus tool protects users against common malicious crypto exploits, such as phishing, smart contract vulnerabilities, blind signing, and more. Crypto traders lost over $300 million due to hacks and exploits in the past month alone, … Read more
Inflows to Coinbase’s (COIN) new Base blockchain were muted on the first day after its official launch, failing to meet the expectations of some crypto traders that massive amounts of capital would flow in. Just over $10 million was bridged, or transferred, to the new blockchain in the past 24 hours, according to data in … Read more
New projects from the venture capital firm Andreessen Horowitz (a16z) are focused on ZK proofs, a type of cryptography that can help scale blockchains. Because so many of a16z’s portfolio companies rely on ZK tech, the firm is making a bet that its own contributions can help those companies succeed. Silicon Valley venture-capital giant Andreessen … Read more
Immutable, a web3 gaming platform, announced today that it is commencing public testing of a new layer-2 blockchain, Immutable zkEVM, in a bid to reduce dependence on a single network infrastructure. The zkEVM is a zero-knowledge (ZK) rollup, a scaling feature aimed at reducing gas fees and increasing transactions, that is compatible with the Ethereum … Read more
Bitcoin Depot is the world’s largest bitcoin ATM operator. The company went public in July, is well-capitalized, and may seek to acquire smaller operators that struggle with key operational challenges. A lot has changed since Brandon Mintz bought his first bitcoin on what he describes as a “crappy website” in 2013. He’s now CEO of … Read more
Information security firm Distrust says a total of at least $900,000 was stolen across multiple blockchains. Hackers were able to exploit a vulnerability in the Libbitcoin explorer, an open-source command line tool or text interface used by Bitcoin developers to produce cryptographic keys and communicate with the blockchain. In 2011, just two years after Bitcoin … Read more