Gravity Bridge brings Ethereum to the multichain
"An open and interoperable bridge between Ethereum and Cosmos has long been a shared vision of a fully connected Interchain," said Althea CEO Deborah Simpier. On Wednesday, the Interchain Foundation, a Swiss non-profit serving as a steward of the Cosmos (ATOM) ecosystem, announced the launch of Gravity Bridge as built by decentralized internet service provider Althea. Gravity Bridge enables the transfer of ERC-20 tokens between Ethereum (ETH) and Cosmos blockchains. During its initial stages, Gravity Bridge will operate as a standalone chain before migrating to Cosmos Hub early next year.....
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Shortly after rebranding from Anyswap last week, Multichain raised $60 million in a seed round led by Binance Labs. Binance Labs, the venture capital and incubation arm of Binance cryptocurrency exchange, has led a financing round for the cross-chain protocol Multichain, previously known as Anyswap.Shortly after rebranding from Anyswap last week, Multichain has raised $60 million in a seed funding round led by Binance Labs, the firm officially announced on Dec. 21.Other participants in the raise included major VC firms and industry investors like Sequoia China, IDG Capital, Three Arrows....
The RSK sidechain is the first Bitcoin-based sidechain to be incorporated into Multichain. Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC) smart contract protocol Rootstock (RSK) blockchain into its ecosystem. This will allow users to exchange Ether (ETH), USD Coin (USDC), Binance USD (BUSD) and other assets between RSK, Ethereum and BNB Chain.According to Monday's announcement, the integration is a major milestone for Multichain because it opens up access to decentralized finance (DeFi) on Bitcoin. This addition will allow users to take....
Owing to a security vulnerability in six tokens, Multichain users lost more than $3M over the week. A white hat hacker returned 322 ETH, but in excess of 527 ETH is still exploited. In a dramatic twist, one of this week’s Multichain hackers has returned 322 ETH ($974,000 at the time of writing) to the cross-chain router protocol and one of the affected users.However the hacker kept 62 ETH ($187,000) as a “bug bounty”, and a total of 528 ETH (worth $1.6M) remains outstanding after the exploits. Earlier this week, news emerged of a security vulnerability with Multichain relating to the....
The Free TON Bridge powered by Broxus is a сross-chain asset transfer consisting of a link between ETH and Free TON. This Bridge allows users to move liquidity bi-directionally from the Ethereum blockchain to the Free TON blockchain, where it can be transacted with near-zero fees and at higher speeds. The Free TON Bridge, like […]