Everything web3, crypto, defi, degen
In brief XRP Ledger received a security score of 41 out of 100—the lowest among 15 major blockchains—in Kaiko’s Blockchain Ecosystem report released in August. A RippleX leader dismissed the low rating, pointing to XRP Ledger’s strong safety record. XRP Ledger’s software development kit was hit with a supply chain attack in April, but devs…
In brief Andreessen Horowitz and the DeFi Education Fund have requested the SEC create a safe harbor to shield dapp developers from being labeled broker-dealers. The recommendations would enable certain centralized entities retaining control over a crypto app to gain safe harbor if they have demonstrated “good faith to decentralize.” The proposal follows SEC chair…
In brief Pump.fun has regained popularity on Solana at LetsBonk’s expense, and its token is surging again. Meme coin traders have flocked to competitors in recent weeks. Pump.fun unveiled the Glass Full Foundation last week, which helps support tokens with liquidity. Pump.fun’s token surged on Monday as the meme coin launchpad clawed back market share…
In brief The Uniswap Foundation published a proposal for Uniswap Governance to become a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA). The Cowboy State enacted the legal framework for DAOs last year. It would allow Uniswap Governance to operate with greater legal clarity, Uniswap Foundation General Counsel Brian Nistler said. The Uniswap Foundation published a proposal…
In brief Coinbase is rolling out decentralized exchange trading on its app. Digital tokens previously available on decentralized exchanges will now be available on the app. The San Francisco-based firm has made six acquisitions this year as it aims to expand its services. Coinbase will offer decentralized exchange trading for U.S. customers, the crypto exchange…
In brief CrediX’s team “has disappeared” following a $4.5 million exploit. A CrediX security report was addressed to users with “Fam.” Stability DAO, which was affected, is prepping a legal report. CrediX’s team has grown increasingly quiet since hackers swiped $4.5 million worth of crypto from the decentralized finance protocol on Monday.On Friday, blockchain security…
In brief Ripple CTO David Schwartz thinks experimentation is good for blockchains. The XRPL EVM Sidechain debuted in June. The network features smart contracts and uses XRP as its native token. XRP Ledger’s Ethereum sidechain could lead to more experimentation within the network’s ecosystem, while potentially attracting fresh talent, according to Ripple CTO David Schwartz.A…
In brief In a fireside chat, NEAR Protocol founder Illia Polosukhin and Infinex founder Kain Warwick argued that greater levels of interoperability are crucial for fueling crypto adoption. In June Infinex successfully integrated NEAR Intents and Chain Signatures, facilitating swapping and bridging of non-smart contract cryptocurrencies across multiple blockchain networks. Polosukhin said that NEAR Protocol…
In brief Coinbase has launched a new feature for developers. It will allow builders to include crypto wallets into their apps. The exchange said the feature will be well-suited to stablecoin-related apps. Crypto exchange Coinbase has debuted a feature for developers so they can easily build self-custodial wallets into their apps. Dubbed the Embedded Wallets software,…
In brief The DeFi protocol CrediX was compromised. An attacker swiped $4.5 million worth of crypto. CrediX said all funds would be recovered in two days. An attacker swiped $4.5 million worth of crypto from decentralized finance protocol CrediX on Monday, according to blockchain security firm CertiK.The funds, which still appear to be under an…
