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The market cap of the Polkadot ecosystem has declined roughly 2.9% following news of Gavin Wood‘s departure as CEO. Polkadot founder Gavin Wood announced on Oct. 21, that he was quitting his role as CEO of Parity Technologies, the parent company behind the Polkadot and Kusama ecosystems. Wood said his long-term passion has been to…
Cosmos co-founder Ethan Buchman announced that a patch would be deployed on all major public Inter-Blockchain Communication (IBC)-enabled chains by tomorrow after they identified a vulnerability that may lead to a potential exploit via a blog post on Oct. 13. The announcement of the patch deployment deadline comes after the core members of Cosmos and…
Kylin network (KYL) has emerged winner of the latest parachain auction 25 on Polkadot (DOT). According to a blog post, the data management platform said the win represents a “significant milestone in its journey to build the data framework for all web3 middleware.” Kylin became the third project to reach the max bid cap of 150,000…
Polkadot ecosystem’s stablecoin Acala ($aUSD) suffered an exploit over the weekend that led to a malicious actor minting $1.2 billion out of thin air. The Acala team “paused” operations via an emergency governance proposal to investigate the issue. On August 15, a governance proposal was submitted to “effectively burn” $1.288 billion aUSD following the release…
Subsocial is an open platform that allows anyone to launch their own decentralized social networks and marketplaces. Based on Kusama, Polkadot’s canary chain, Subsocial enables developers to create decentralized versions of the social networks we’re used to while making them censorship-resistant and completely customizable. The platform believes that you don’t need to reinvent social networks…
The Moonriver team has announced the Big Unlock event, where it will unlock 1.1 million Kusama (KSM) that was locked in the first batch of parachain crowd loans. The funds will be unlocked “around May 15,” when the lease period is expected to end. ❓ So what is “The Big Unlock”? Around May 15th, ***1.1…
Announced Wednesday in a blog post by Dan Reecer Chief Growth Officer at Acala and Karura, the two Polkadot protocols will integrate with Wormhole, the multi-chain bridging platform connecting blockchain networks. “As the first EVM+ integration on both Karura and Acala, this cross-chain interoperability will enable Acala and Karura users to enjoy asset integrations and…
A provocative reply by one of the Kylin community members to the project’s Twitter post that celebrated a recent milestone prompted the network to start a challenge in which one lucky individual is expected to win a car. Designed to provide the data infrastructure for the future DeFi and Web 3 powered by Polkadot, the…
Aventus Network (AvN) recently announced teaming up with Scytale Ventures, a blockchain venture capital firm that will help the Layer 2 solution reach its goal of becoming a Polkadot parachain. Founded in 2017, Aventus combines the elements of public and enterprise blockchains–leveraging scale and privacy of a permissioned blockchain with the security and interoperability of…