Token bridges were a favored target for thieves in 2022

According to the global payment provider Visa, 2022 became a record-breaking year for cryptocurrency thefts, with over $3 billion stolen in on-chain thefts. Cryptocurrency bridge services were a favored target for threat actors.  Visa published the biannual threats report on March 20. On 24 pages, the document contains data on all sorts of violations that occurred in the digital payments system globally last year — from plastic card fraud schemes to malware. A separate section is dedicated to cryptocurrency and digital platforms. Quick history of blockchain-based major thefts. Source: Investopedia…

Zilliqa (ZIL) to Launch Full EVM Compatibility by April as Token Price Falls 5%

Zilliqa believes that launching EVM fully would help bolster its ecosystem and expose it to the wider blockchain developer community. Zilliqa, a high-throughput blockchain platform, has revealed plans to launch full EVM compatibility on its mainnet this year. This follows after the platform’s earlier launch of EVM on the Zilliqa testnet last December. According to a recent blog post, the release is slated to take place on April 25th, 2023. Zilliqa to Use EVM Compatibility for Expansion of Ecosystem EVM (Ethereum Virtual Machine) is the backbone of the Ethereum blockchain.…

Arbitrum token finds its way to OTC market before airdrop

The Arbitrum community is speculating and selling off their unreleased ARB tokens in over-the-counter (OTC) markets following the Arbitrum airdrop announcement.  The Arbitrum Foundation announced that ARB, Arbritrum’s new token, will be airdropped to eligible community members on Thursday, March 23. It explained that ARB marks Arbitrum’s official transition into a decentralized autonomous organization (DAO), meaning ARB holders will be able to vote on key decisions governing Arbitrum One and Arbitrum Nova — networks that allow users to transact on the Ethereum blockchain with better speeds and lower fees. OTC…

DefiLlama resolves internal strife, sends LLAMA token plans alpaca’n

Decentralized finance (Defi) analytics platform DefiLlama appears to have resolved the internal conflict within its team that had earlier threatened a “forking” of the platform. Potential trouble at DefiLlama was first revealed when developer 0xngmi claimed in a March 19 Twitter post that DefiLlama was “undergoing a hostile takeover,” with the launching of a token called “LLAMA” without employee approval or support. In response, the parent company of DefiLlama accused “0xngmi and a few team members” to have “gone rogue” by looking to seize DefiLlama’s intellectual property while “inaccurately claiming the…

Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation – Defi Bitcoin News

With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s TVL Dominates Defi with a 21.59% Share The value of liquid staking tokens associated with ethereum (ETH) has increased significantly over the last week following ether’s 11.9% gains against the U.S. dollar. In particular, Lido’s…

Damex Releases in-App Utility Token Damex Token, Enables Users to Earn Rewards for Staking Tokens – Press release Bitcoin News

press release PRESS RELEASE. WATERPORT PLACE, GIB., March 20th, 2023 – Digital Asset Management Limited and the Damex group (“Damex” or “Damex.io”)), a Distributed Ledger Technology provider based in Gibraltar, recently announced its utility token IEO, the Damex Token ($DAMEX), which can be used within the Damex App along with other non-fungible tokens (NFTs), to earn rewards for adopting a healthier and more active lifestyle. Damex announced its token IEO for 19th April. Its utility went live and was tested during the Q1 of 2023, with future developments for both…

DefiLlama Rocked by Internal Crisis as Employees Disagree over Token Plan

The decision to launch the token did not sit well with most DefiLlama contributors who have now openly rejected it. There is an ongoing dispute among the employees of the decentralized finance analytics dashboard DefiLlama. According to an employee simply identified as 0xngmi, the company’s founders are planning a ‘LLAMA’ token launch without as much as soliciting employee support. Comparing the plan to a “hostile takeover,” 0xngmi has now distanced himself and other developers from the proposed launch. Hence, causing the team of developers to fork a new version of…

Arbitrum IOU, Futures Markets Heat Up Ahead of ARB Token Airdrop

However, while these products are wholly speculative as of Monday, their use case might change after ARB tokens are officially issued to network participants. Traders and holders of spot ARB may then use futures products to hedge their spot holdings or gain exposure to ARB prices using a smaller amount of initial capital via leverage. Source AheadAirdropARBArbitrumFuturesHeatIOUMarketsToken CryptoX Portal