The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform.Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). This is the largest crypto hack of 2022 so far … [Read more...] about Wormhole token bridge loses $321M in largest hack so far in 2022
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Axie Infinity devs release governance token for Ronin Blockchain to mixed player response
On Thursday, Sky Mavis, the creator of the monster-battle game, Axie Infinity, released its much-anticipated RON governance token. The token is based on its Ethereum (ETH) sidechain Ronin Network. Its purpose includes paying for transactions on Ronin, staking and participating in community proposals.According to its developers, Ronin has over 250,000 unique daily active … [Read more...] about Axie Infinity devs release governance token for Ronin Blockchain to mixed player response
The president, the fast-food giant, and the sus crypto token
There’s never a dull moment in crypto. Peak to trough total market cap outflows, since late December’s all-time high of $2.4 trillion, come in at -$900 billion or -38%.Although we’ve seen some reprieve since Monday’s bottoming, it’s still too soon to say the worst is over. Especially as investor sentiment across the board remains jittery.During peak fear, the McDonald’s meme … [Read more...] about The president, the fast-food giant, and the sus crypto token
Cosmos Token Surges 8% Amid Airdrops, Polkadot Bridge
Tokens of protocols built on Cosmos that were previously airdropped to stakers, were among the biggest gainers on Monday morning even as the broader crypto market saw nominal losses. Tokens of Juno Network (JUNO), Stargaze (STAR), and Comdex (CMDX) – DeFi-centric tokens built on Cosmos – rose as much as 6% in the past 24 hours, according to data from CoinGecko. Source link … [Read more...] about Cosmos Token Surges 8% Amid Airdrops, Polkadot Bridge
Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise
At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon's MATIC token fell 6% even as the network implemented Ethereum's fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana's token SOL, binance token BNB, and ether each fell over 2%, while bitcoin traded 1% lower near $41,200, according to … [Read more...] about Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise