Harmony

LlamaRisk, Aave’s risk service provider, has proposed reducing the loan-to-value (LTV) ratio of BitGo’s Wrapped Bitcoin (WBTC) to zero on the DeFi lending platform. However, the Aave community, including Marc Zeller, founder of the Aave Chan Initiative (ACI), is opposed to this move. Aave Community Debates WBTC Proposal The proposal highlights concerns stemming from BitGo’s custodial transition for WBTC. In August, BitGo announced its plan to transfer control of WBTC to a joint venture with BIT Global, a partnership that…

Source: Depositphotos The multi-chain landscape and Bitcoin have inched closer following Aurora Labs’ release of a Bitcoin Light Client and Relayer. Their deployment brings reliable Bitcoin data to NEAR for the first time, allowing developers to create dapps that execute smart contracts based on BTC onchain activity. The move is a precursor to deeper Bitcoin integration on NEAR. Light Client Brings Bitcoin Closer to NEAR  Interoperability on NEAR has been given a major boost with the deployment of dual Bitcoin-based…

The world of NFT gaming is rapidly evolving, with new projects constantly emerging, promising innovative gameplay and the potential for earning real-world value through blockchain technology. As we step into the later stages of 2024, several games have already distinguished themselves as top picks in the NFT gaming space.  These games offer engaging experiences and allow players to truly own their in-game assets. Here are the top 5 NFT gaming projects to play in 2024. 1. Artyfact Game Overview: Artyfact…

Singapore, Singapore, June 24th, 2024, Chainwire In an industry where traditional barriers often exclude the average investor from high-value assets, iRA Blocks emerges as a game-changer, leveraging blockchain to bring real-world assets within reach of the masses. The financial industry has long been characterized by its exclusivity, particularly when it comes to investing in high-value assets like real estate, luxury items, and aviation. Historically, these investment opportunities have been accessible only to a select few.  iRA Blocks is set to…

The post With Cosmos Hub Faltering, Koala Coin (KLC) and Flow Clearly Gallop Towards Growth appeared first on Coinpedia Fintech News As Cosmos Hub (ATOM) faces setbacks, a new wave of crypto projects is on the move. Koala Coin (KLC) and Flow (FLOW) are charging ahead with significant growth, demonstrating that even amidst the stumbles of established players, opportunities abound for innovative projects to thrive. In particular, Koala Coin (KLC) is in its sensational first presale stage at a mere…

Crypto privacy protocol Railgun has denied accusations that it is being used by North Korea and other United States-sanctioned entities to launder digital assets. This development comes as the crypto privacy protocol nears $1B total volume. Railgun Denies Lazarus Group Association Responding to claims made by crypto reporter Colin Wu through an X post, Railgun denied allegations linking it to the North Korean hacker group Lazarus Group. “The North Korean hacker group Lazarus Group is also a user of the…

In the dynamic realm of digital assets, L7, which is aiming to redefine the platform for the upcoming 2024 bull market, is undergoing a transformation of its brand and services to cater to both investors and innovators. This extensive upgrade includes updates to core services such as DEX, CEX, Crypto Card, and L7 Labs, all designed to surpass community expectations and empower users to confidently navigate the future of Web3 asset management. Marking a new era of innovation and reliability, L7 introduces a refreshed brand…

The post Top Stablecoins Report: March Market Analysis & Key Trends in Focus appeared first on Coinpedia Fintech News Have you ever wondered what keeps the crypto market afloat during volatile times? Introducing stablecoins, the game changers of the crypto world! This Coinpedia guide is your key to unlocking the secrets of the top stablecoins. We’ll crack open the vault and reveal the power players in the market, put price stability under the microscope, and unravel the fascinating relationship between…

Like the Gold Rush that reshaped dreams, the crypto landscape is witnessing a frenzy with the presale of Koala Coin (KLC). Now at stage one and priced at $0.014, enthusiasts from Pepe (PEPE) and Dogecoin (DOGE) are swarming to the koala project, driven by the promise of cuddly gains and a ticking clock of opportunity. Koala Coin (KLC): On the Rise Koala Coin (KLC) distinguishes itself with a transparent, robust blockchain platform that guarantees seamless, secure transactions, all while delivering…

[PRESS RELEASE – Sollefteå, Sweden, December 20th, 2023] The Gaming Landscape: An Ongoing Struggle Gaming, an essential part of global culture, connects over a billion people worldwide through entertainment, escape, and social interaction. However, within this vast realm of gaming platforms and titles, a perpetual battle for dominance, revenue, and player engagement persists. Gamers encounter numerous options for game launchers, from major players like Steam and Epic Games to smaller platforms like EA Origin and Good Old Games, as well…

Create exploration team from over 300 distinctive dragons with unique jobs and attributes to conquer the World Stage Harness unlimited combinations of Gem Blocks and companion pets to upgrade your dragons’ abilities  Demonstrate strategic prowess by competing in thrilling PvP battles with other dragon exploration teams and dominate the Arena rankings  Leading global game developer Wemade today announced the upcoming launch of mobile collectible role playing game (RPG) “Meta Toy DragonZ SAGA” on the world’s biggest blockchain game platform, WEMIX…

In the fast-evolving landscape of artificial intelligence, Delysium stands out with an ambitious Whitepaper. It envisions a future where AI-Agents, powered by blockchain's immutable strength, processes information with unparalleled autonomy—streamlining the data-heavy workload so that humans can focus on higher-level tasks. This blueprint ensures that as our artificial counterparts handle the complexities of data, humanity remains the compass guiding their application, creating a partnership that operates in harmony and with shared purpose. The timing of Delysium's release could not be…

Stably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD. This groundbreaking development marks a critical milestone in the exponentially growing Bitcoin ordinals ecosystem that is now reaching half a billion dollars in total market capitalization in less than six months. #USD is a BRC20 standard stablecoin created via the…

The STAR project is a new initiative to help Japanese SMEs gain international recognition and prestige. The project seeks to uncover the valuable products, technologies, and know-how of small-to-medium-sized businesses. With an advanced ecosystem, the project opens new opportunities for mutual benefit between Japan and its partners abroad. A Project with a Clear Goal The STAR Project has a clear goal: to help Japanese SMEs effectively communicate their products and technologies. Through this project, SMEs can gain access to funds…

Animoca Brands, the company advancing digital property rights for gaming and the metaverse, and its subsidiary Lympo, a leading global sports NFT ecosystem, announced today a partnership with the Ultimate Fighting Championship (UFC) champion Rose Namajunas to provide a digital memorabilia collecting challenge called “Build Your Own Fighter with Thug Rose.” The collector's challenge “Build Your Own Fighter with Thug Rose'' is a Digisport collectible NFT project that offers an engaging collect-and-earn experience for sports fans. It features unique and…

Web3 infrastructure company AAG has officially launched its flagship product - the MetaOne® Wallet. To simplify and ease the onboarding of new users into the Metaverse economy, the MetaOne Wallet eliminates the requirement for users to remember or safely store their private keys and seed phrases. Further user-friendly features include fiat on-ramps provided by industry giants Coinbase Pay and Simplex, an integrated decentralized application (dApp) marketplace serving only approved dApps, and AAG’s educational AAG Academy. Jack Vinijtrongjit, Co-Founder and CEO…

Major liquidity provider Wintermute has become the latest cryptocurrency firm to suffer a security breach in recent months.  Attack to Be Treated as a "White Hat" Hack Earlier this morning, CEO of Wintermute Evgeny Gaevoy took to Twitter to share the news. In a series of tweets, Gaevoy explained that only their DeFi protocols had been affected. Their CeFi and OTC activities remain up and running. About 90 assets were compromised, with a little over 160 million USD siphoned off…

Blockchain interoperability platform Celer network recently fell victim to a DNS attack. According to etherscan data, the exploit may have seen the perpetrators make off with about 128 ETH (roughly $240,000).  Celer Network Shuts Down cBridge The Celer team alerted users to the breach via a tweet yesterday. In the post, they explained that they had spotted abnormal DNS activity on the frontend for their multi-chain project the cBridge. The team informed the community members that an investigation was underway…

Tornado Cash is the latest crypto mixer to join the US Department of Treasury’s list of sanctioned organizations. The Department shared the news in a press release on Monday alongside other details of the sanction. In its release, the US Treasury highlighted Tornado Cash’s role in several stolen crypto launders as its primary reason for the sanction. Tornado Cash and Cybercrime Tornado Cash is the second service platform to have received a sanction from the Treasury’s Office of Foreign Assets…

On Wednesday, the Harmony blockchain team shared a tentative reimbursement strategy for those affected by June’s Horizon Bridge attack . As the hack robbed the platform of about $99M, the devs intend to mint almost 5 billion native ONE tokens to compensate victims.  Details of Minting Proposal Harmony published a blog post sharing the proposal with its community members.  The Harmony team has worked tirelessly to brainstorm and develop paths towards reimbursing those who were impacted by the recent hack…

South Korean prosecutors raided local crypto exchanges on Wednesday, July 20, as part of the investigation on Terraform Labs. Yonhap reported, citing a message from the prosecution office. The raid saw a team of investigators from the Seoul Southern District Prosecutors seize transaction records and other data from seven exchanges. Upbit, Bithumb, Gopax, Korbit, and Coinone are among the raided exchanges. Also, the bust saw the investigators visit eight other residential and office addresses. These include the homes and offices…

North Korean state-backed hackers were likely behind the latest crypto attack that saw Horizon lose approximately $100 million. CNBC reported earlier today, citing analysis from blockchain researchers Elliptic and Chainalysis. Per Elliptic, there are strong indications that Lazarus Group was behind the attack. The company added that the Horizon attacker converted most of the stolen funds into Ether (ETH). Following the exploit, the hacker’s address held 85,867.25 ETH. Elliptic claims that the hacker started laundering the funds through Tornado Cash,…

The Horizon bridge to the Harmony blockchain has lost $100 million worth of altcoins to a malicious actor. Harmony announced today morning via Twitter. Following a brief investigation, the Harmony team pinpointed the attacker’s Ethereum address. After compromising the Horizon bridge, the attacker transferred different tokens to their wallet, with the first transfer coming a little over 20 hours ago. According to Harmony, this exploit did not impact the trustless Bitcoin (BTC) bridge. The protocol claims this bridge’s funds…

As the adoption of blockchain technology gains popularity, it becomes increasingly important to ensure the space is secure. A wide range of industries has started to use smart contracts for various applications and financial services. Some of the great features of smart contracts are the immutability and transparency that they offer. However, there have been numerous instances in which weaknesses have been present in smart contracts. Solidity Finance is a distinguished team of auditors and has a robust methodology to…