The Ethereum community has proposed a new standard, ERC 7265, that could improve the security of DeFi protocols. This standard is designed to address the growing challenges of protecting DeFi users from hacks and other security risks that have resulted in significant losses in the past. ERC 7265 could be a key step in enhancing the resilience and trustworthiness of the DeFi ecosystem.
Author: jose
This announcement affects those who use tokens that are cross-chain compatible on platforms such as BNB Smart Chain, Fantom, Ethereum, and Avalanche blockchains. These tokens allow users to access different networks and benefit from their features and services. However, this also introduces some risks and challenges that users should be aware of.
The Joint L1 Task Force (L1TF), a group of core developers who support the Terra Luna Classic community, announced a bug bounty program to encourage security researchers, ethical hackers, and developers to find and report vulnerabilities in the Terra Luna Classic network.
Luminex, a launchpad platform for Bitcoin Ordinals, has introduced the BRC-69 standard, which aims to make it easier for Recursive Ordinals collections to be created. The standard also lowers the costs of inscribing the collections and improves the pre-reveal process on the blockchain.
One of the most outstanding cryptocurrencies this week is Litecoin (LTC), which has seen a remarkable increase in its price in the last three days. What are the factors behind this unexpected boost in its value?
In a series of three transactions, Ripple Labs Inc unlocked a total of one billion XRP coins from escrow. The data insights from Whale Alerts show that the first transaction happened at 12:00 a.m. (UTC), releasing 300 million XRP tokens.
Coinbase, a crypto exchange, is facing legal action from the US Securities and Exchange Commission (SEC) over its crypto trading and staking services. The SEC claims that Coinbase has violated federal securities laws by operating as an unregistered securities exchange, broker, and clearing agency since 2019.
XRP has gained 2% in the last day, reaching $0.476333, while the crypto market also rose by the same amount. This increase partially offsets the recent losses for XRP holders, but the altcoin is still 3% lower than a week ago and 6.5% lower than a month ago, although it has grown by 40% since January.
In one day, some altcoins had transfers of more than $10 million in value, as shown by data from the on-chain analytics firm Santiment. These big transfers usually happen on centralized platforms like exchanges, or by whale investors who have a lot of tokens in one transaction.
XRP is facing a lot of uncertainty due to the legal issues between its parent company Ripple and the SEC. The outcome of this case could have a significant impact on XRP’s future as a cryptocurrency. XRP’s price has been fluctuating as a result of this uncertainty, with both buyers and sellers trying to gain the upper hand.