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Polyhedra Attributes 80% ZKJ Price Decline to Liquidity Attacks, Announces Token Buyback Plan
In response to its token's sudden 80% price drop, Polyhedra, a cryptocurrency protocol that achieved unicorn status last year, is implementing a token buyback plan and taking additional measures to restore trust within the crypto community. According to founder Tiancheng Xie, the current focus is on assessing the situation and preventing future financial attacks, stating, 'We will buy back more…
June 17, 2025, 11:50 a.m.
Tech
Optalysys Launches Revolutionary Blockchain Server
Optalysys, a UK startup specializing in secure computing, has introduced the world's first server capable of processing blockchain data on a large scale without decrypting it. The LightLocker node utilizes Fully Homomorphic Encryption (FHE), a mathematical technique that enables computations on encrypted data without compromising its security. Over the past year, several companies have explored F…
June 16, 2025, 10:09 a.m.
Tech
Revamping the Future: Polygon's Transformation and Crypto Updates
Introducing The Protocol, CoinDesk's weekly cryptocurrency tech development roundup, brought to you by Margaux Nijkerk and Sam Kessler. This issue covers key network news and updates. Polygon co-founder Sandeep Nailwal has taken the reins as CEO of the Polygon Foundation, marking a significant shift in the organization's leadership and roadmap. The foundation will now focus on AggLayer, a cross-c…
June 12, 2025, 3:18 p.m.
Tech
Safe Launches New Development Unit to Enhance Institutional Adoption and Combat Crypto Security Threats
In response to the recent $1.4 billion ByBit hack, Safe, a renowned multi-party crypto wallet, has established a new development entity, Safe Labs, to centralize operations and refine its product roadmap. This move marks a significant shift away from the traditional contractor model, with Safe Labs operating directly under the Safe Foundation, a non-profit organization. According to Safe Labs CEO…
June 11, 2025, 7:21 p.m.
Tech
Sandeep Nailwal Takes the Helm as Polygon Foundation CEO Amidst Strategic Overhaul
Sandeep Nailwal, co-founder of Polygon, has officially taken on the role of CEO of the Polygon Foundation, marking a significant shift in the organization's leadership and a major revamp of its long-term strategy. Nailwal, who launched the project in 2017 under the name Matic Network, will now oversee the consolidation of control and the reorientation of the team towards AggLayer, Polygon's new c…
June 11, 2025, 10 a.m.
Tech
Bitcoin Core 30 Set to Increase OP_RETURN Data Limit Following Developer Discussion
The development team behind Bitcoin Core, the open-source software driving the world's largest cryptocurrency's blockchain, has announced that the default limit for OP_RETURN data transactions will be increased from 80 bytes to nearly 4MB in the October version 30 release. This change, confirmed through a GitHub update, follows a period of debate within the Bitcoin community. Critics have raised …
June 10, 2025, 11:43 a.m.
Tech
RISE Chain Receives $4M Investment from Galaxy to Drive Development of Ultra-High-Speed Layer-2 Solution
RISE Chain, a layer-2 blockchain platform prioritizing exceptional speed and minimal latency, has successfully secured a $4 million investment from Galaxy Ventures, the venture capital arm of Galaxy Digital. This strategic investment brings the total capital raised by RISE to $8 million, following initial support from notable figures in the crypto space, including Ethereum co-founder Vitalik Bute…
June 6, 2025, 6:20 p.m.
Tech
Taiwanese Crypto Exchange BitoPro Confirms $11 Million Cyber Heist, Assures Users' Funds Are Secure
BitoPro, a Taiwan-based cryptocurrency exchange, has acknowledged a cyberattack that took place in May, resulting in the theft of over $11 million from an outdated hot wallet. The company promptly replenished the stolen funds and transferred its assets to new wallets to prevent any further losses. The security incident, which was first identified by ZachXBT, a renowned blockchain sleuth, occurred…
June 6, 2025, 6:29 a.m.
Tech
Ethereum Foundation Introduces Revised Treasury Policy with 15% Operational Expense Limit
The Ethereum Foundation recently published a revised treasury policy, outlining a series of initiatives aimed at ensuring the organization's long-term viability, sustainability, and credibility. As a central player in the Ethereum blockchain ecosystem, the foundation employs researchers, developers, and community liaisons, and has been allocated a significant amount of ether tokens since Ethereum…
June 5, 2025, 3:52 p.m.
Tech
Plume Unveils Genesis Mainnet, Revolutionizing DeFi with Real-World Assets
Plume, a blockchain platform specializing in integrating real-world assets into the DeFi ecosystem, has officially launched its highly anticipated Genesis mainnet. According to the Plume team, this launch signifies a major leap forward in the evolution of DeFi, enabling the tokenization of traditional financial instruments and real-world assets, thereby allowing them to interact seamlessly with b…
June 5, 2025, 3 p.m.