The number of attack incidents increased to 76 in Q3 2023, compared to just 30 in the same quarter last year. Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3…

Distributed Technologies Research has launched DRAM, a dirham-backed stablecoin that aims to tap into the performance of the United Arab Emirates fiat currency. A former Massachusetts Institute of Technology (MIT) alumnus and SoftBank executive has launched a dirham-backed stablecoin that aims to give countries plagued by high inflation environments exposure to assets linked to the…

OP Labs, the developer of the Optimism network, launched a testnet version of its fault-proof system, according to an Oct. 3 blog post. Once it completes testing, it will allow for “a more decentralized and efficient Superchain,” the post stated. The new system is currently deployed to the Optimism Goerli network. Currently, OP Stack-based networks use…