Bridge

Bridge

Tech

Chainlink Aims to Make Transfers Across Blockchains Safer with New Bridge App 'Transporter'

"Having a secure way to move both value and data across chains is something the blockchain industry has needed for years," Chainlink co-founder Sergey Nazarov said.

Chainlink co-founder Sergey Nazarov speaks at the project's SmartCon conference in Barcelona. (Chainlink)

Tech

Socket, Bungee Restart Operations After Apparent $3.3M Exploit

The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.

Computer Hacking Hackers (Shutterstock)

Finance

Orbit Chain Loses $81M in Cross-Chain Bridge Exploit

The hacked funds remain "unmoved" according to Orbit Chain.

Bridge (Charlie Green/Unsplash)

Markets

The Death of Compromise, and a Way Forward for Crypto

Lessons for TradFi and DeFi from some toppled LEGO.

(Amélie Mourichon/Unsplash)

Tech

Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability

The fundraise comes as "cross-chain" protocols from the companies including LayerZero and Chainlink have attracted investors, despite the bear market – assuming a future where blockchains are seamlessly interconnected.

Socket co-founders, Rishabh Khurana and Vaibhav Chellani (Socket)

Finance

DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce

Synapse's SYN token recovered its losses after 9 million were sold by a liquidity provider identified as Nima Capital by the protocol.

SYNUSD price chart (TradingView)

Finance

Connext Airdrop Marred by $38K Sybil Bot Attack

As many as 57,000 unique wallets registered for the airdrop.

Prime Protocol to eliminate need for cross-chain bridges (Charlie Green/Unsplash)

Finance

Crypto Lender Exactly Hit by $12M Bridge Exploit

The protocol becomes the latest in a long line of firms to be struck by a hack involving a cross-chain bridge.

Prime Protocol to eliminate need for cross-chain bridges (Charlie Green/Unsplash)

Tech

Shibarium Blockchain's Ethereum Bridge Goes Live for Testing as SHIB Tries to Shed Meme Coin Tag

The Shiba Inu-based layer 2 blockchain is expected to start operations next month.

A Shiba Inu, the breed which inspired Dogecoin. (Payless)

Finance

Bridge Protocol LayerZero Passes 50M Cross-Chain Messages

The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps.

LayerZero CEO Bryan Pellegrino at Crypto Bahamas 2022 (Danny Nelson/CoinDesk)