Amidst the Mounting Risks to Bridge Security, A New Non-custodial Liquidity B...
In late March, Ronin bridge, an Ethereum sidechain built for the widely popular play-to-earn (P2E) NFT game Axie Infinity to handle surging demand from gamers, was hacked for over 173,600 Ether (ETH) and 25.5 million USD — a combined value of over $600 million. The company’s official report regarding the hack noted that the hackers managed to get access to validator nodes, which resulted in the compromise of five validator nodes, a threshold also required to approve a transaction. Currently, the Ronin chain consists of nine validator nodes, and the hacker managed to get access to....
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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 […]
In most jurisdictions, security deposits are intended to provide landlords with a financial guaranty against nonpayment of rent or excess damage to a rental property during tenancy. In the past the primary way to provide this guarantee has been for the tenant to deposit funds, in trust, with the landlord. The landlord takes custody, but not ownership of the funds. The obvious problem is that, aside from ethical and legal obligations, a landlord has no incentive to return a tenant's security deposit - which is why almost everyone who has been a renter has a....
Like a phoenix rising from the ashes, eFIN is back stronger than ever with new services and products that add value to a next-gen, decentralized ecosystem. Among several new use cases and products, eFIN is unveiling a tool that will increase the interoperability capabilities of the eFIN ecosystem, and help it become a one-stop decentralized exchange for all crypto asset trading needs. eFIN is set to launch eFIN Bridge, a digital bridge between different blockchain networks on September 6, 2021. With this launch, eFIN will come one step closer to achieving true interoperability with low....
Everscale is the most scalable network in DeFi. With the capacity to process over a million transactions per second, Everscale is able to offer users some of the fastest transaction speeds paired with fractional fees. The Everscale ecosystem includes a cross-chain bridge platform with a unique Universal Bridge mechanism that facilitates liquidity transfers to and from virtually any network, a native DEX with some of the highest APY rates in DeFi on its staking and farming pools, and native wallets. Vlad Ponomarev is the CEO of Broxus. He recently joined the Bitcoin.com News Podcast to talk....
The Bitcoin price has made an easy turn off the bottom of the advancing wave and is proceeding higher amidst optimistic trade today. An IMF special report, entitled the "Global Financial Stability Report", was published today and warns of potential shocks and increased volatility in global markets. Links to Sections: IMF Warning: Low Liquidity and Volatility. Global Economy. Bitcoin Price Analysis. Comments. IMF Warning: Low Liquidity and Volatility. The extended period of monetary accommodation and the accompanying search for yield are leading to credit mispricing and asset price....