Each team in the accelerator will receive $200,000 in funding. The main part of the program will last from four to six months, and project teams will be introduced to Delphi’s network of potential investors at the end of the program. Participants will receive hands-on advice from a core team of engineers, economists, designers, lawyers and entrepreneurs on everything from product development, legal advice and go-to-market strategies. Source
“As blockchain technology gains adoption and proliferates, so do threats to its security,” said Michael Kong, CEO at Fantom Foundation, in a statement to CryptoX. “Fantom is pleased to welcome De.Fi’s Web3 Defense Suite to its ecosystem, which will further complement Fantom’s best-in-class smart contract security offerings.” Source AddsbolsterDAppDe.FisFantomNetworkprotectionSecurityTools CryptoX Portal
On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind MEV Bots Boost Profit, They Also Have Vulnerability to Exploits Recently, crypto proponents and security experts have been discussing how a group of MEV bots lost $25.3 million in a sophisticated exploit. The attacker used…
Marathon Digital Holdings has reported a record increase in its bitcoin (BTC) production, hash rate, and financial position for the month of March and the first quarter of 2023. According to a press release, Marathon produced 825 BTC in March 2023, a 21% increase from the previous month and a 74% increase from last year. Marathon, one of the largest listed mining companies in North America, announced that it produced 2,195 bitcoins in the Q1, the highest quarter in the company’s history; it currently holds $124.9 million in cash and…
Dakar, the capital of the West African nation of Senegal, now boasts an annual Pan-African Bitcoin conference, over 10 merchants accepting Bitcoin, a local peer-to-peer BTC exchange and a budding Bitcoin community. What’s more, the speed at which Bitcoin’s progress is unwinding is staggering. The city hosted the DakarBTC Days conference just 10 months after the country’s first “in real life” Bitcoin meetup. All of this is despite a brutal bear market that has put a big dent in Bitcoin adoption. Why is Bitcoin bubbling in Senegal? Is this country…
The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. In the late hours of Monday, the Euler Finance hacker finally returned the outstanding sum of $31 million, bringing the recovery efforts to a conclusive end. The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. And shortly after the hack, Euler Finance offered the hacker a 10% fee to return the stolen funds.…
When Virgin Orbit went public, its valuation was pegged at around $4 billion, however, the tides have shifted over the past few months with the company’s market capitalization now pegged at around $65.38 million. Satellite launcher and space technology company Virgin Orbit Holdings Inc (NASDAQ: VORB) has filed for Chapter 11 bankruptcy in the United States bringing a solemn end to its months of financial instability. As reported by CNBC, the bankruptcy was filed in the US Bankruptcy Court in the District of Delaware and it became precipitated as the…
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The Web3 infrastructure provider has now raised money twice in 2023. Source
CryptoX – Cryptocurrency Analysis and News Portal The cross-chain interoperability and messaging protocol last raised funds in March 2022 at a $1 billion valuation. Original Source The post Crypto Protocol LayerZero Raises $120M Series B at $3B Valuation appeared first on CryptoX. CryptoX Portal