Oct. 26: IoTeX, a blockchain compatible with Ethereum’s Ethereum Virtual Machine (EVM) standard, announced its integration with Solana, “providing real time analytics on Solana-connected hardware devices,” according to a message from the team. “The integration with Solana enables verifiable off-chain data via IoT-connected projects built on Solana like Helium, Render and Hivemapper, into its transparent data analytics platform. By bringing Solana into the IoTeX platform, any Solana-connected project and related devices will now be visible on DePINscan, a visibility platform that empowers investors and decision-makers with public data on DePIN projects.” $SOL
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Oct. 26: Chainstack, a leading Web3 infrastructure provider, announces the launch of the DeFi API, its “solution to streamline access to real-time decentralized finance data,” according to a message from the team. “Chainstack’s DeFi API enables seamless access to real-time data from every major decentralized finance protocol, including Uniswap, Lido, Avee, Compound, PancakeSwap, SushiSwap and many others. The DeFi API eliminates the need for developers to write custom indexers, manage databases, pay for archival node requests, or handle chain reorganizations. Instead, developers can access a simple, ready-to-use API through GraphQL.” $UNI $SUSHI $LDO $COMP $CAKE
Oct. 26: The blockchain security firm Hacken released a report showing that the crypto sector witnessed 117 security breaches, causing losses of $720 million during the third quarter. That compares with 131 hacks for losses of $327 million during the second quarter. According to a message from the team: “Access control attacks were the most damaging, while rug pulls were the most frequent. Over 90% of the breaches involved projects without verified audits. In two more cases, exploited files were out of audit scope. Hacken’s report exposes ‘token factories,’ calls out flawed audits, and urges renewed vigilance.”
Oct. 26: Deutsche Bank and Standard Chartered’s SC Ventures are testing a system that will allow blockchain-based transactions, stablecoins and central bank digital currencies (CBDCs) to talk to one another, taking an approach similar to the SWIFT messaging layer in legacy banking infrastructure. The banks are running a series of test cases, including transferring and swapping USDC stablecoins, on the Universal Digital Payments Network (UDPN), a permissioned blockchain system composed of validator nodes run by an alliance of banks, financial institutions and consultancies. The system, created by tech consultancy GFT Group and Red Date Technology, co-founder of the Chinese Blockchain-Based Service Network (BSN), instructs and allows transactions to occur across a spectrum of networks, ranging from stablecoins on public blockchains to CBDCs.
