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The lack of open communication between blockchain security firms requires urgent action. Following a spate of high-profile hacks, the time to address the prevalence of multi-million-dollar hacks is severely overdue. Not even respected figureheads like Vitalik Buterin and Mark Cuban are immune, with over $1 million lost following a hacked Twitter account and wallet, respectively. Without a doubt, technical capabilities matter in securing funds against bad actors. However, there is a critical component that is being overlooked in the present: teamwork. If we are to successfully neutralize the risks of financial and reputational loss to the industry, communication and collaboration…

Kinetex, a decentralized platform enabling efficient cross-chain trading, has successfully completed its strategic funding round. Factor and Gnosis Chain lead this round, with Gnosis Chain being a community-owned EVM Layer-1 blockchain. This partnership will empower Kinetex to refine its cross-chain trading approach using zero-knowledge (Zk) technology, eliminating the need for asset pools and third-party validation.—”We’re excited to support Kinetex and its unique approach to incorporating Zk into cross-chain decentralized finance. With Kinetex Flash Trade, users are able to access many of the liquidity benefits and on-chain assets of centralized exchanges, but via a much more permissionless and credibly neutral system”…

Inspect has partnered with Brave Browser to offer a seamless browsing experience to millions of users who want enhanced privacy and accessibility. According to the announcement, Inspect is approaching more than 57 million users across Brave, meaning those users can download the first Layer 2 solution built on X (aka Twitter). At the forefront of the Web3 bridge, Inspect is helping to attract a new wave of retail users, giving them a competitive advantage in the market through proprietary extensions. One of Inspect’s standout offerings is its revolutionary Layer 2 solutions for Crypto Twitter, which are transforming cryptocurrency and social…

Web3 software technology firm Aave Companies launched the second version of social protocol Lens during the Devconnect event in Istanbul today. The update features enhanced composability and other upgrades to enable developers to build new social experiences and monetize faster, according to a statement. All applications and Lens V1 profiles have been migrated to V2, including 11 million social connections and over 34 million social interactions, the team said. “Lens V2 is the next chapter in the evolution of Lens,” Lens Protocol founder and CEO Stani Kulechov said. “The goal of V1 was to bootstrap early web3 social networks, resulting…

Ondo Finance, the issuer of tokenized secure notes and on-chain treasuries, collaborated with Axelar to introduce Ondo bridge, a cross-chain solution inspired by Circle’s cross-chain transfer protocol. The bridge will support the issuance of native tokens, including Ondo’s USDY, across blockchain networks supported by Axelar. USDY is a tokenized note from Ondo secured by short-term U.S. treasuries and bank demand deposits. It aims to simplify the movement of Ondo tokens representing real-world assets, such as the recently introduced yield-bearing stablecoin USDY, across different blockchain networks. “Demand for better stablecoins is growing – and it isn’t limited to a single web3…

Charles HOSKINSON, founder of Cardano, has expressed interest in partnering with Kraken, a major US cryptocurrency exchange, to create a layer 2 blockchain network. Kraken is currently considering collaborations with several leading blockchain technology firms, including the likes of Polygon and Matter Labs. It is unclear whether Cardano will ultimately succeed. Kraken’s move to launch its own Layer 2 network is part of a broader trend among major crypto companies to expand their efforts in developing blockchain technology. This strategy not only opens up new potential sources of income, but also strengthens their position in the rapidly developing digital currency…

Degen Distillery — a London-based innovative spirits brand — is brewing an intriguing NFT project backed by Google and BrewDog on November 15. By leveraging NFTs into its business model, Degen Distillery’s flagship NFT project, ‘ORIGO Origin’, acts as the gateway to the spirit brand’s ecosystem, opening both digital and physical perks. The initial offering for ORIGO holders includes being granted Degen Distillery’s initial product: a collector’s edition bottle of vodka called ‘721’, aptly named after the number of NFTs available. Collectors can decide whether or not to keep the digital ‘Vodka 721’ asset to themselves, swap it for a physical bottle…

The Web3 infrastructure platform company QuickNode is looking to kickstart growth in its ecosystem with the launch of its new QuickNode Startup Program, making free platform credits, advice, contacts with venture capitalists and marketing expertise available to budding developers and entrepreneurs. In a blog post, QuickNode explained that its Startup Program has been in the works for some time. Over the past 18 months, it has collaborated with more than 150 top-tier VCs and other partners to flesh out the framework of its platform, which is designed to support project founders who are just starting out building. According to QuickNode,…

OKX, a leading Web3 technology company, has revealed its latest updates. OKX Wallet with Orbit Bridge, a cross-chain bridge for token transfers, is an enhancement. OKX Wallet’s web version facilitates Orbit Bridge token transfers between blockchain networks. OKX Wallet improves cross-chain for a more connected crypto environment. OKX Simplifies Cross-Chain Transfers with Orbit Bridge Integration and Robust Crypto Ecosystem Simple steps are needed to access Orbit Bridge using web extensions. Download the OKX Wallet Chrome and Firefox plugins first. Then, users can build or add an OKX Wallet to the extension. Lastly, connect OKX Wallet to Orbit Bridge using the…

While many participants in the crypto space continue to advocate for only a single blockchain, some believe that the future will be made up of multiple blockchains working with each other. From Toronto in 2017 to now, we’ve taken #RippleSwell around the world. I closed out this year’s event with a fireside chat with CNBC’s @dan_murphy talking about how we’ll get to the next phase of enterprise crypto adoption with regulatory clarity. 1/2 https://t.co/kXLxeAGaEk — Brad Garlinghouse (@bgarlinghouse) November 11, 2023 At a keynote fireside chat during the Ripple Swell 2023 event held in Dubai, Ripple CEO Brad Garlinghouse made…