Blockchain security firm CertiK has received a $500000 bounty from Sui network

CertiK Discovers Security Threat in Sui Blockchain, Receives $500K Bounty

Blockchain security company CertiK has been rewarded with a bounty of $500,000 by the Sui network for identifying a critical threat that could have disrupted the integrity of the entire layer-1 blockchain. Known as the “HamsterWheel” vulnerability, this attack differed from traditional methods and posed a serious risk to the network’s operations. In response to CertiK’s discovery, Sui promptly implemented necessary fixes to safeguard against potential damages. The bounty award

BNB Chain has introduced the opBNB testnet on Optimism's OP Stack

BNB Chain Introduces Layer 2 Testnet Built on Optimism’s OP Stack

BNB Chain, a leading decentralized ecosystem for the creation of decentralized applications (dApps), has introduced the opBNB testnet. The testnet is built on Optimism’s OP Stack, a layer-2 scaling solution for Ethereum, and is designed to address network congestion and high fees on BNB Chain. The opBNB testnet is expected to achieve speeds of 4,000 transactions per second (tps) at a cost of 0.005 U.S. cents per transaction. This is

Binance Launchpool Adds Maverick Protocol (MAV) to Its Roster of Projects

Binance Launchpool Welcomes Maverick Protocol (MAV) with Open Arms

Maverick Protocol, a composable decentralized exchange (DEX) that empowers liquidity providers with enhanced capital efficiency and customizable liquidity strategies, has launched on Binance Launchpool. The farming of MAV tokens has already begun, allowing users to stake their BNB or TUSD and earn MAV tokens in return. Maverick Protocol’s AMM (Automated Market Maker) offers four distinct modes of use: Mode Right, Mode Left, Mode Both, and Mode Static. Each mode is

Alchemy Harnesses AI for Blockchain Development

Alchemy Unveils AI-Powered Tools Empowering Web3 Builders on Blockchain

Blockchain developer platform Alchemy has launched AlchemyAI, a suite of tools designed to harness the power of AI and assist web3 developers in speeding up their product development processes and accessing on-chain data more efficiently. The suite includes two flagship products, ChatWeb3 and Alchemy ChatGPT Plugin, which will be made available in the coming weeks. With the introduction of AlchemyAI, Alchemy joins a growing list of crypto companies exploring the

Polygon's Network of ZK-based Layer 2 Chains Revealed

Polygon Announces Plan for ZK-Based Layer 2 Chain Network

Polygon, a prominent blockchain platform, has revealed its ambitious plan for Polygon 2.0, a revolutionary network consisting of zero-knowledge-powered Layer 2 blockchains. This article explores Polygon’s strategic move to leverage ZK-Rollups, one of the leading Ethereum scaling solutions, to build interconnected Layer 2 chains that enable secure and instantaneous cross-chain interactions. With the goal of establishing the “Value Layer of the Internet,” Polygon aims to overcome scalability challenges while ensuring

Decentralized blockchain Ankr has announced the launch of its blockchain creator tool, known as AppChains

Ankr and Microsoft Extend Partnership with Debut of Blockchain Creator Tool

Decentralized blockchain infrastructure provider Ankr has announced the launch of its enterprise blockchain creator tool, known as “AppChains,” on Microsoft’s Azure Marketplace. The tool enables companies to quickly deploy customizable blockchains to support various Web3 strategies. Initially, developers can utilize the Polygon Supernet, with more options to be added in the future. The release of AppChains on the Azure Marketplace comes in response to strong demand from institutional clients seeking

USDC Stablecoin Integrated with Arbitrum

USDC Launches on Arbitrum, Expanding the Reach of the Stablecoin

Circle, the company behind USDC, has brought its native stablecoin to Arbitrum, Ethereum’s leading layer 2 scaling solution. This development makes Arbitrum the ninth blockchain to support USDC, according to an official announcement from Circle. The integration of USDC on Arbitrum allows businesses leveraging Circle to conveniently swap USDC tokens across supported chains, eliminating the expenses and time delays often associated with bridging transactions. This functionality opens up new possibilities

Arbitrum

Arbitrum Expands Reach to Norway with NOK Token Integration

Arbitrum, a leading Layer 2 scaling solution for Ethereum, has announced the integration of Norway’s digital currency, NOK. The integration will allow users to transact in NOK on Arbitrum, and it is the first time that a national currency has been integrated with a Layer 2 scaling solution. The integration was made possible by Symfoni Solutions, a company that specializes in building bridges between government services and decentralized finance (DeFi)

The bridge allows users to transfer their Tron (TRX) tokens from the TRON blockchain to the Ethereum blockchain.

TRON (TRX) Expands to Ethereum with BitTorrent Bridge

TRON (TRX), the native token of the TRON blockchain, has expanded to Ethereum via the BitTorrent Bridge. The bridge allows users to transfer their TRX tokens from the TRON blockchain to the Ethereum blockchain. This will allow TRX users to access Ethereum decentralized applications (Dapps) and decentralized finance (DeFi) platforms. The BitTorrent Bridge is a decentralized bridge that uses smart contracts to facilitate the transfer of tokens between the TRON

Circle (USDC) has announced that it will natively deploy USDC on Arbitrum

Circle’s USDC Stablecoin to Launch on Arbitrum

Circle, the issuer of the second-largest stablecoin USDC, has announced that it will natively deploy USDC on Arbitrum, the largest Ethereum Layer-2 scaling project. The move is a major step for USDC, as it will make the stablecoin more accessible to users who are looking to avoid the high gas fees associated with Ethereum. Arbitrum is a popular Layer-2 scaling solution that uses optimistic rollups to achieve scalability. Optimistic rollups

Polygon (MATIC) has announced partnership with Deutsche Telekom

Polygon Partners With Deutsche Telekom To Boost Blockchain Adoption

Polygon, a leading Ethereum scaling solution, has announced that Deutsche Telekom, Europe’s largest telecommunications provider, will join its PoS Chain as a validator. The partnership will see Deutsche Telekom provide staking and validation services for Polygon’s PoS Chain, as well as for its Supernets platform. Supernets allow enterprises and applications to launch application-specific blockchains on Layer 3 while retaining the security guarantees of Ethereum. The addition of Deutsche Telekom to

The Fantom blockchain is now rewarding projects that utilize its network and contribute toward high usage of gas fees.

Fantom to Refund 15% of Gas Fees to Eligible DApps Projects

The Fantom blockchain is now rewarding projects that utilize its network and contribute toward high usage of gas fees. The program called the dApp Gas Monetization Program, was approved by the Fantom community earlier this year and went live on Sunday. Under the program, eligible applications will be rewarded 15% of the gas fees they produce. This will provide developers with marginal extra income and help to drive demand for

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