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Introducing Relay: Symbiotic's Breakthrough for Secure Cross-Chain Staking
Symbiotic, a pioneering universal staking protocol, has unveiled Relay, a groundbreaking software development kit (SDK) that empowers protocols to stake assets on Ethereum and verify the stake across any blockchain, thereby enhancing the security and efficiency of decentralized applications. This novel solution allows for the creation of verifiable, secure coordination layers, facilitating the de…
June 3, 2025, 2 p.m.
Tech
Ethereum Foundation Restructures R&D Team and Lays Off Staff
In a recent move, the Ethereum Foundation has reorganized its research and development team, resulting in the departure of some staff members. This change is part of a larger effort to reorient the organization's focus towards addressing critical protocol design challenges. The foundation, a Switzerland-based nonprofit, has been under scrutiny for its management and strategic direction, with some…
June 2, 2025, 9:13 p.m.
Tech
Consensys Expands Capabilities with Web3Auth Acquisition to Revolutionize MetaMask User Experience
Consensys, a leading Ethereum infrastructure provider and the company behind the widely-used MetaMask wallet, has announced the acquisition of Web3Auth, a specialist in wallet infrastructure. This strategic move aims to boost usability and accessibility for developers across Consensys' platforms. Although the financial terms of the acquisition have not been disclosed, it is anticipated to signifi…
June 2, 2025, 4:30 p.m.
Tech
Taiwanese Crypto Exchange BitoPro Reportedly Suffers $11M Hack in May, According to ZachXBT
A suspected security breach on May 8 has reportedly resulted in the loss of over $11.5 million in tokens for Taiwanese cryptocurrency exchange BitoPro, as revealed by prominent on-chain analyst ZachXBT in a Telegram group on Monday. The security incident involved unauthorized access to the exchange's hot wallets across multiple blockchain platforms, including Ethereum, Tron, Solana, and Polygon. …
June 2, 2025, 7:13 a.m.
Tech
Ethereum Contracts Exploiting Security Vulnerabilities Fail to Yield Profits
According to crypto market maker Wintermute, malicious Ethereum contracts, dubbed 'CrimeEnjoyors,' designed to exploit weak security and drain wallets, have not been successful in their endeavors. This issue is linked to the Ethereum Improvement Proposal (EIP)-7702, part of the recent Pectra upgrade, which enables regular Ethereum addresses to function as smart contracts temporarily. This upgrade…
June 2, 2025, 7:08 a.m.
Tech
Elon Musk Unveils XChat with Alleged Bitcoin-Style Security, Sparking Skepticism Among Experts
On Sunday, Elon Musk, CEO of X, formerly known as Twitter, announced the launch of XChat, a new messaging application. However, the tech community and the cryptocurrency market have expressed skepticism about this new offering. A key feature of XChat is its use of the Rust programming language, which allegedly incorporates Bitcoin-style encryption. Despite the excitement surrounding this claim, t…
June 2, 2025, 3:54 a.m.
Tech
Bitget Wallet Collaborates with Coinpal to Enable Cryptocurrency Payments at Over 6,000 Online Retailers
Through a strategic partnership with Coinpal, a leading payments platform, Bitget Wallet has enhanced its capabilities to facilitate seamless cryptocurrency transactions across a vast network of online merchants. This collaboration grants Bitget Wallet users access to a extensive network of over 6,000 merchants, encompassing a diverse range of industries including gaming, electronics, fashion, an…
May 29, 2025, 3:37 p.m.
Tech
Square Boosts Bitcoin Holdings with 9.7% Yield via Lightning Network
Jack Dorsey's Block, the parent company of Square, is reportedly earning a substantial 9.7% yield on its bitcoin holdings by operating a node on the Lightning Network. According to Miles Suter, Block's Bitcoin product lead, this yield is a result of "real bitcoin returns from our corporate holdings" achieved through efficient routing of payments across the Lightning Network. Suter made this annou…
May 29, 2025, 2:28 p.m.
Tech
Discover the Latest Developments in Crypto Tech
Welcome to our weekly cryptocurrency tech update, where we delve into the most significant stories in the industry. I'm Margaux Nijkerk, Ethereum protocol reporter at CoinDesk's Tech team. This issue features key network news, including Solana's successful integration with MetaMask, allowing users to transact and interact with Solana-based applications through the popular browser wallet. A new Li…
May 28, 2025, 5:17 p.m.
Tech
Katana Network Launches to Address DeFi Fragmentation with Backing from Polygon and GSR
A newly launched decentralized finance (DeFi) blockchain, Katana, has announced the launch of its private mainnet. Developed in collaboration with industry leaders Polygon and GSR, Katana aims to create a unified liquidity hub, streamlining yield generation from diverse sources. The team's ultimate goal is to power a self-sustaining DeFi ecosystem for long-term growth. According to Marc Boiron, C…
May 28, 2025, 3 p.m.