Layer 1
The programmable blockchain behind smart contracts and DeFi.
A proof-of-stake blockchain whose EVM runs smart contracts written in Solidity or Vyper. Home to most DeFi, NFTs and token standards (ERC-20, ERC-721), and the settlement layer for a growing ecosystem of rollups.
EthereumBeginnerThe popular Telegram bot Banana Gun has announced that it will be absorbing the entire $3 million loss incurred due to a recent security breach. This decision comes as a surprise to many users and industry experts, as it’s an unusual move for a decentralized finance (DeFi) protocol to bear the…
#defi#hackers#security
Ethereum developers are considering breaking the highly anticipated Pectra upgrade into two phases to enhance the network’s efficiency and scalability. The first phase could be released by early 2025. “There is widespread consensus that splitting the upgrade could expedite Pectra’s release. Our…
#crypto#developers#vitalik-buterin
EthereumBeginnerEther.fi, a protocol for liquid restaking, is introducing a “crypto-native” credit card that will process transactions on Scroll, an Ethereum layer-2 scaling solution, according to a September 9 update on X. The Ether.fi Cash card is a Visa credit card that allows users to make payments with…
#coinbase#crypto#defi
EthereumBeginnerThe crypto social media platform Friend.tech is facing a wave of uncertainty after its native token, FRIEND, plummeted by nearly 26% in the last 24 hours. This dramatic drop comes on the heels of a controversial decision by the Friend.tech team to transfer control of some of its smart contracts to…
#crypto#defi#smart-contracts
EthereumBeginnerThe United States Commodity Futures Trading Commission (CFTC) has accused decentralized exchange (DEX) developer Uniswap Labs of illegally offering leveraged cryptocurrency trading to US retail investors. The CFTC claims Uniswap Labs violated the Commodity Exchange Act (CEA) by offering these…
#cftc#defi#law
EthereumBeginnerEigenLayer, a protocol that allows users to restake their staked assets on other protocols, has released a significant update to its restaking contracts. This update aims to enhance security, efficiency, and user experience. The primary focus of the update is to strengthen the security of the…
#crypto#defi#eigenlayer
EthereumBeginnerThe hacker responsible for the security breach at WazirX, India’s largest cryptocurrency exchange, has transferred approximately $6 million worth of stolen crypto funds to Tornado Cash, a privacy-enhancing protocol. The move aims to obfuscate the trail of the stolen funds, making it more difficult…
#hackers#india#tornado-cash
EthereumBeginnerVitalik Buterin, the co-founder of Ethereum, has proposed a radical new idea for the pseudo-decentralization of entire cities. His plan involves creating a decentralized autonomous organization (DAO) that would manage the city’s infrastructure, governance, and services. Buterin envisions a DAO…
#crypto#daos#defi
EthereumBeginnerEthereum co-founder Vitalik Buterin recently shed light on the Ethereum Foundation’s spending in 2023, providing a detailed breakdown of how the organization allocated its resources. In a recent X post, Buterin outlined the key areas where the foundation focused its efforts, emphasizing its…
#vitalik-buterin
EthereumBeginnerEigenLayer, a protocol for liquid staking derivatives, has announced plans to support the restaking of layer-2 native tokens on its EigenDA platform. This development will allow users to earn additional rewards by staking their layer-2 tokens, expanding the utility of these assets beyond their…
#crypto#defi#eigenlayer
EthereumBeginnerSony has officially unveiled its new blockchain platform, Soneium, designed to attract Web3 developers and foster innovation in the decentralized world. This strategic move positions Sony as a key player in the burgeoning Web3 ecosystem, leveraging its expertise in technology and entertainment to…
#developers#layer-2#sony
