The team behind the layer-1 blockchain Harmony (ONE) has offered the Horizon Bridge hacker USD 1m in bounty for the return of some USD 100m in stolen funds. “We commit to a [USD] 1M bounty for the return of Horizon bridge funds and sharing exploit information,” Harmony said in a Twitter post on Sunday,…
Read more
US lawmakers should create a regulatory framework for the crypto industry, but ensuring compliance ought to be delegated to industry players with the use of relevant software, according to Charles Hoskinson, co-founder of the Cardano (ADA) platform and CEO of blockchain consultancy and research firm IOHK…. Read More: Here’s What Cardano’s Hoskinson Told Congressmen…
Read more
Lending and borrowing in the crypto space are facing scrutiny, with many blaming just that activity for the latest crypto market sell-off. But how have the tokens in this category really performed during the market rout? We took a look to find out. The list contains tokens in the Lending & Borrowing category on…
Read more
Solana Labs, the firm behind the Solana (SOL) blockchain, says it will launch an Android mobile phone for the Solana network – and aims to ship the device to customers as early as next year. The device will be called Saga and should feature crypto wallet functions, as well as a mobile software development…
Read more
Dogecoin (DOGE), the world’s largest meme coin in terms of market capitalization, is being used by illicit actors in the “most serious types of crime,” according to a recent report from blockchain analytics firm Elliptic. The report states that as dogecoin gained popularity as a means of payment for legitimate goods, it has also…
Read more
Do Kwon, the co-founder of Terraform Labs has spoken out about the Terra 2.0 network, which was launched in the wake of last month’s devastating luna classic (LUNAC) and terraUSD (UST) crash. Speaking to the Wall Street Journal, Kown said he had “great confidence” in his team’s “ability to build back even stronger than…
Read more
The stablecoin issuer Tether, known as the company behind the world’s largest stablecoin USDT, on Wednesday announced the launch of a new stablecoin pegged to the British pound. The pound-pegged coin is called GBP₮ (GBPT), and will initially live on the Ethereum (ETH) blockchain, Tether’s announcement said. It did not specify what other blockchains…
Read more
Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users. According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal wallets…
Read more
Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation. Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate positions of anyone who has a debt…
Read more
The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP). A couple of good news related to Celsius seem to have led to a surge in the price of…
Read more
