Partner with us

News Explorer — LayerZero and Immunefi Bolster Crypto Security With $15 Million Bug Bounty

Generated by AI, curated by humans

May 17, 3:00 pm

Techcrunch

LayerZero and Immunefi Bolster Crypto Security With $15 Million Bug Bounty

LayerZero Labs has partnered with Immunefi to launch a $15 million bug bounty program, the largest in the crypto ecosystem. The reward money will come from the equity entity of LayerZero Labs, and Immunefi has paid out over $75 million in rewards for bug bounties to date. LayerZero has also spent $5 million on auditing to ensure its security.

LayerZero Labs has partnered with Immunefi to launch a $15 million bug bounty program, the largest in the crypto ecosystem. The reward money will come from the equity entity of LayerZero Labs, and Immunefi has paid out over $75 million in rewards for bug bounties to date. LayerZero has also spent $5 million on auditing to ensure its security.

Latest

Jun 26, 12:04 am

Decrypt

Fannie Mae, Freddie Mac Instructed to Consider Crypto for Mortgage Payments

The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to prepare for accepting cryptocurrency as a... Read Summary

Jun 25, 11:40 pm

Decrypt

Latest Solana ETF Filing, Rule Change For Pudgy Penguins Being Considered by SEC

The SEC is considering multiple altcoin-based ETF applications, including Solana, XRP, Dogecoin, Cardano, Polkadot, and... Read Summary

Jun 25, 9:57 pm

Decrypt

Prediction Markets Platform Kalshi Jumps to $2 Billion Valuation With $185 Million Raise

Kalshi, a predictions market startup, raised $185 million in a Series C round led by Paradigm, elevating its valuation t... Read Summary

Jun 25, 9:23 pm

Coindesk

Bitcoin Miner Bit Digital Is Pivoting to Ethereum Staking

Bit Digital is transitioning to focus solely on Ethereum, with plans to convert its remaining Bitcoin holdings into ETH.... Read Summary

Jun 25, 8:50 pm

Decrypt

GameStop Boosts Potential Bitcoin Investment Fundraise to $2.7 Billion

GameStop has raised an additional $450 million in funding, bringing its total convertible notes offering to $2.7 billion... Read Summary

Jun 25, 8:10 pm

Decrypt

Crypto Treasury Chaos: Why Ethereum's SBET and Solana's UPXI Plunged After Routine SEC Filings

SharpLink Gaming and Upexi saw their stock prices plummet over 60% after the U.S. Securities and Exchange Commission app... Read Summary

Jun 25, 8:10 pm

Decrypt

Confidentiality Startup Zama Raises $57 Million, Hitting Unicorn Status

Zama, a cryptography startup, has secured $57 million in Series B funding, reaching a valuation of over $1 billion. The... Read Summary

Jun 25, 7:16 pm

Decrypt

Genius Act Has Forced EU to Reverse Course, Embrace Dollar Stablecoins: Moody’s

The European Union is expected to approve the flow of stablecoins issued outside the bloc into the continent, a move tha... Read Summary

Jun 25, 6:14 pm

Decrypt

Bitcoin Fork BCH Breaks Resistance Level With Bullish Momentum: Analysis

The crypto market remains relatively stable after the Israel-Iran ceasefire, with only a few coins showing significant g... Read Summary

Jun 25, 5:21 pm

Decrypt

Fintech Giant SoFi Is Bringing Back Bitcoin, Ethereum Trading

SoFi will reintroduce crypto trading later this year, offering users the ability to trade popular cryptocurrencies like... Read Summary

Jun 25, 4:31 pm

Coindesk

Barclays Will Block Credit Card Holders From Buying Crypto

Barclays, one of the U.K.'s largest banks, will block customers from using credit cards to buy cryptocurrency due to ris... Read Summary

Jun 25, 5:01 pm

Decrypt

'Misunderstood' Coinbase Stock Could Surge on Stablecoin Demand: Bernstein

Bernstein upgraded Coinbase's price target by 65%, citing the company's initiatives and market dominance. The analysts b... Read Summary

Jun 25, 4:21 pm

DL News

Hacked Crypto Lending Protocol zkLend Is Shutting Down

ZkLend, a DeFi lending protocol, is shutting down after losing $9.5 million to an exploit and facing delisting of its na... Read Summary

Jun 25, 3:41 pm

Coindesk

Animoca Brands Reveals Moca Network Digital Identity Blockchain

Moca Network, a project by Animoca Brands, plans to launch Moca Chain, a layer-1 blockchain for Web3 projects to verify... Read Summary

Jun 25, 2:51 pm

Coindesk

Senator Lummis Expects Crypto Bills to Pass by End of Year

Senator Cynthia Lummis predicts that U.S. regulations for the crypto sector may take several more months to complete, po... Read Summary