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Magic Labs Introduces Newton, a Groundbreaking Chain Unification Network for Polygon's AggLayer
In a significant development, Magic Labs, a leading wallet infrastructure provider, has unveiled Newton, a dedicated network designed to unify chains in conjunction with Polygon's AggLayer. This integration is poised to revolutionize the way wallet solutions interact with the AggLayer, a Polygon-backed initiative aimed at connecting affiliated chains and allowing for the unencumbered movement of …
Nov. 7, 2024, 7:31 p.m.
Tech
Breakthrough Achieved by Bitcoin Developers in Collaboration with StarkWare and Blockstream on Introducing New Features
A collaborative effort among top Bitcoin developers from multiple teams has yielded a potential breakthrough in the Bitcoin blockchain, outlining a method to incorporate 'covenants,' a type of programming that could unlock essential features such as advanced wallet and vault functionalities, as well as more efficient layer-2 protocols, all without altering the main underlying code, thereby avoidi…
Nov. 7, 2024, 7:19 p.m.
Tech
Dune Introduces Cybercrime Tracking Dashboard for Blockchain Ecosystem
Dune, a leading crypto analytics platform, has unveiled a comprehensive dashboard that maps the scope of cryptocurrency-related cybercrime, documenting over 5,500 incidents of hacking, exploitation, and phishing scams across the blockchain ecosystem. The 'Hacks, Exploits and Social Engineering Dashboard' represents a significant effort to quantify crime in the crypto space. By tracing an estimate…
Nov. 7, 2024, 2 p.m.
Tech
Eclipse Launches Hybrid Blockchain, Merging Solana and Ethereum Technology
On Thursday, Eclipse introduced its highly anticipated mainnet blockchain, featuring a groundbreaking layer-2 network that combines elements of Ethereum and Solana blockchains. This innovative platform allows for faster transaction speeds and lower fees on Ethereum, leveraging the Solana Virtual Machine (SVM) to achieve this. The SVM enables Eclipse to function as a separate network, bundling use…
Nov. 7, 2024, 2 p.m.
Tech
Blockchain Industry Awaits Boost as Trump Wins Second Term, Promising Crypto Pledges
While many are focused on the US election, The Protocol newsletter has compiled an array of interesting content, including an ongoing election within the DeFi project MakerDAO. Community members are voting on the fate of the Sky brand, which received a lukewarm reception after the project's rebranding in August. The poll, which is not binding, has seen limited participation so far. In other news,…
Nov. 6, 2024, 9:17 p.m.
Tech
Blockchain and Crypto Updates: MultiversX Testnet Node on Smartphone and More
MultiversX reports a tech enthusiast setting up a testnet node on a smartphone, while other projects like Gevulot, BNB Chain, and Ozean make significant announcements in the blockchain space.
Nov. 6, 2024, 8:22 p.m.
Tech
Is Optimism's Superchain Strategy Paying Off in the Ethereum Layer-2 Race?
The 'blockchain in a box' trend, prevalent among top Ethereum layer-2 projects in 2023, involves teams encouraging developers to clone their code for spinning up new layer-2s. Optimism stands out as it pulls ahead, driven by factors including substantial financial backing. The project has successfully onboarded numerous clients and firms to deploy their blockchains using Optimism's technology, kn…
Nov. 6, 2024, 11 a.m.
Tech
Chainlink, UBS Asset Management, and Swift Successfully Complete Pilot for Tokenized Fund Cash Extraction
Chainlink, a leading blockchain company, Swift, a global financial messaging platform, and UBS Asset Management have announced the successful completion of a pilot project that enables the settlement and redemption of fiat cash from tokenized funds. The project, which was conducted under the auspices of the Monetary Authority of Singapore's Project Guardian, demonstrated the feasibility of using …
Nov. 5, 2024, 4:38 p.m.
Tech
Ethereum Researchers Step Down from EigenLayer Amid Conflict of Interest Fears
Researchers Justin Drake and Dankrad Feist, who are affiliated with the Ethereum Foundation, have relinquished their advisory positions at EigenLayer. This move follows a controversy that arose in May when it was disclosed that they had accepted significant token payouts from the project, leading to concerns about potential conflicts of interest within the Ethereum community. EigenLayer is a nota…
Nov. 2, 2024, 4:44 p.m.
Tech
Ellipsis Labs Secures $21M Funding for Verifiable Finance Blockchain Atlas
The development team at Ellipsis Labs, responsible for creating the decentralized exchange Phoenix on Solana, has successfully raised $21 million in funding from Haun Ventures to introduce Atlas, a novel blockchain designed specifically for 'verifiable finance'. Founded in 2022 by Eugene Chen and Jarry Xiao, who have a background in high-frequency trading, Ellipsis Labs aims to tackle key issues …
Oct. 31, 2024, 4:06 p.m.