![Arbitrum-based Jimbos Protocol hacked, losing .5M in Ether Arbitrum-based Jimbos Protocol hacked, losing .5M in Ether](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/f5295ae9-34f8-48e7-ab3e-7b9ffc182e12.jpg)
Adding to the growing number of decentralized finance (DeFi) protocol hacks in the crypto industry, Jimbos Protocol is the latest to suffer an attack resulting in a significant loss of funds. According to…
![DEVCON1: Understanding the Ethereum Blockchain Protocol – Vitalik Buterin DEVCON1: Understanding the Ethereum Blockchain Protocol – Vitalik Buterin](https://i.ytimg.com/vi/gjwr-7PgpN8/maxresdefault.jpg)
Visit the to gain access to the entire library of Devcon talks with the ease of filtering, playlists, personalized suggestions, decentralized access on IPFS and more. Ethereum’s Vitalik Buterin presents on the intricacies…
![Bitcoin Developer Introduces Ark, A Layer 2 Protocol For Fast And Efficient Payments Bitcoin Developer Introduces Ark, A Layer 2 Protocol For Fast And Efficient Payments](http://bitcoinmagazine.com/.image/c_limit,cs_srgb,h_1200,q_auto:good,w_1200/MTk0MjMxNzYxODMwNTUzMDkz/bitcoin-stack.png)
A Bitcoin developer by the name of Burak recently unveiled Ark, a Layer 2 protocol designed to enable fast and secure transactions. According to a post on the Bitcoin dev mailing list, Ark…
![MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/f6e6f929-0839-44b5-98ad-3312aad10c9a.jpg)
MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain and issues stablecoin DAI, has announced that it has launched the Spark Protocol, a lending solution for DAI users. Announcing the Spark Protocol…
![Web3 social media protocol launches ‘layer 3’ to provide instant posts Web3 social media protocol launches ‘layer 3’ to provide instant posts](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-04/151bdf2e-2601-49b3-9239-fbd44b86c9b3.jpg)
The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores…
![Circle Introduces Cross-Chain Transfer Protocol (CCTP) Circle Introduces Cross-Chain Transfer Protocol (CCTP)](https://assets.bitdegree.org/crypto/storage/optimized/stablecoin-issuer-circle-rolls-out-cross-chain-transfer-protocol-cctp-featured.jpg)
Circle’s new Cross-Chain Transfer Protocol removes the need to bridge USDC “via traditional lock-and-mint approaches.” Circle, the stablecoin issuer behind USD Coin (USDC), has introduced a Cross-Chain Transfer Protocol (CCTP) to transfer USDC…
![Hacker Exploits Hundred Finance Protocol In .4 Million Heist Hacker Exploits Hundred Finance Protocol In .4 Million Heist](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2020/12/Crypto-hacker-gID_7.jpg@png)
The multi-chain lending protocol Hundred Finance disclosed Saturday that it lost around $7 million after being hacked on the Ethereum layer-2 blockchain Optimism. Estimated current loss is ~7m USD. Once again we hope…