Bridge Vulnerabilities Exposed: Chainlink Co-founder’s Disturbing Assessment
In the ever-expanding landscape of blockchain technology, the concept of cross-chain bridges has emerged as a critical component. These bridges serve as the vital connectors between various blockchain networks, enabling seamless interoperability and the transfer of assets and data across different chains. However, as the crypto industry continues to invest heavily in these bridges, Chainlink’s […]
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Chainlink has been incredibly strong over the past few days, fully exposed to the upside seen across the aggregated cryptocurrency market as bulls take full control. Its price has surmounted multiple key resistance levels that have slowed its ascent in the past, and it is now only a stone’s throw away from setting fresh all-time […]
The Ethereum based bridge Ronin was hacked for $600 million in digital assets or 173,600 ETH and $25 million in USDC. This attack has become the largest in the history of decentralized finances (DeFi), surpassing the Poly Network hack which also exploited a bridge-rooted vulnerability. Related Reading | BadgerDAO Pulls A Poly Network As It […]
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s supremacy, the renewed desire to boost the role of the euro currency is also partly inspired by “lessons learned from the Covid-19 pandemic.” The US Dollar Domination In sentiments expressed in the draft European Commission (EC) policy paper, officials warn of the current....
Chainlink the Whitepaper for its second iteration. Chainlink 2.0 has been created to allegedly take the “next steps in the evolution of decentralized oracle networks”. With one of the most used applications in DeFi, these protocols need oracles to feed them with off-chain information. In the new iteration, Chainlink could go beyond, as the document […]
Chainlink, the leading player in the decentralized Oracle network sector, has officially announced the launch of Chainlink Staking v0.2, slated for this year. This update is a significant step forward from the previously launched v0.1 version, offering enhanced features and broader participation avenues for the Chainlink community. According to the announcement on X, the v0.2 […]