Key takeaways: Wormhole Network, a DeFi bridge connecting Solana and Ethereum was exploited for more than $300 million The hacker was able to mint 120,000 wETH (worth $313M at press time) by falsifying authentication in Solana’s smart contract code The Wormhole team is offering a $10 million bounty in hopes the attacker returns the stolen…
While the world’s largest NFT marketplace, OpenSea, is primarily hosting digital collections created on Ethereum, newly-leaked screenshots suggest that support for Solana-based non-fungible tokens (NFTs) might be coming soon.
The cryptocurrency market has entered a much-anticipated recovery after yesterday’s selloff. Over the course of the last 24 hours, the cumulative value of all digital assets in circulation has increased by more than 8%, which led to virtually all coins in the cryptocurrency top 100 being traded in the green zone.
Opera launched the beta version of its “Crypto Broser Project” on Wednesday, four years after the first version of Opera’s web browser with cryptocurrency wallet and rudimentary Web3 support was released in 2018.
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After struggling to break out of the narrow trading range between $41,300 and $43,400 for the past week, Bitcoin experienced a sharp decline in its value in the last 24 hours that saw the world’s largest crypto plummet to price levels not seen since last August.
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On Wednesday, Polygon announced that the highly-anticipated EIP-1599 upgrade is coming to the leading Ethereum Layer-2 scaling solution early next week. The network upgrade will introduce MATIC burning mechanics and start putting deflationary pressure its value.
On Monday, Vitalik Buterin appeared as a guest on the latest episode of the Bankless podcast, a Youtube series that explores the frontier of crypto money and finance. In the 2 hour talk, the founder of Ethereum and its head developer outlined the current state of the world’s second-largest crypto network and identified key obstacles standing in the way of “100% optimization.”