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Tag Archives: Near Protocol (NEAR)

Near Foundation Introduces a $100 Million Fund Dedicated to Web 3 Developers (Report)

Near Foundation – the Swiss non-profit that oversees the development of Near Protocol – reportedly partnered with the VC firm Caerus Ventures to launch a $100M venture capital fund and venture lab. The main goal will be to support engineers, builders, and developers who work in the emerging Web 3 sector. Earlier this year, Near Foundation expanded its presence toward Africa, teaming up with the Kenyan blockchain community Sankore. Over the course of the agreement, both...

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How a Hacker Lost His ETH While Attacking Rainbow Bridge

An attacker trying to steal funds from Rainbow Bridge on Saturday was stopped within 31 seconds, losing 5 ETH in the process. Alex Shevchenko – CEO of Aurora Labs – broke down how the protocol mounted its automated defense, without needing an immediate response from the security team.  Another Successful Bridge Defense In a Twitter thread on Monday, Shevchenko said that someone attempted to send a fabricated NEAR block to the Rainbow Bridge smart contract.  Rainbow Bridge is...

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Near Foundation Establishes Blockchain Hub in Kenya: Report

Near Foundation – the Swiss non-profit that oversees the development of Near Protocol – reportedly teamed up with the Kenyan blockchain community Sankore to launch a regional hub in the African country. The unit will focus on crypto innovations, education, and talent development throughout the continent. Africa’s Latest Crypto Project Several recent studies estimated that emerging economies and developing countries are particularly thriving areas for the crypto industry....

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DeFi Crisis Averted: NEAR Protocol’s Rainbow Bridge Attacker Loses 2.5 ETH

On May 1, the NEAR Protocol Rainbow Bridge was attacked. The cross-chain bridge had temporarily been suspended for maintenance after detecting abnormal activities. In a detailed post, Alex Shevchenko, CEO of Aurora Labs, revealed that the attack was stopped automatically as the bridge architecture was designed to resist such events. No funds were lost during the event, Shevchenko added. The Attack It all started when the attacker sent some ETH through the popular coin mixer,...

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Near Protocol Raises $350M in a Funding Round Led by Tiger Global (Report)

The blockchain enterprise Near Protocol has reportedly secured a $350 million fundraiser. The initiative was led by Tiger Global Management – an American investment firm with over $90 billion in assets under management. Cited by Bloomberg, Amos Zhang – a Partner at MetaWeb VC (a company focused on investments that are part of the cryptocurrency industry) – said the fundraiser led by a giant such as Tiger Global “obviously means that Near might be one of the protocols that can...

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Near Protocol Closes $150M Funding, NEAR Price Eyes $20

NEAR protocol has managed to close substantial funding round from top cryptocurrency investors in preparation for a further DeFi-oriented advance. NEAR Protocol has closed $150 million in funding from high-profile investors, reported CoinDesk. Some of the names include Alameda Research, Su Zhu’s Three Arrows Capital, Dragonfly Capital, Andreessen Horowitz (a16z), and others. The funding reportedly happened through a private token sale. It was completed in two weeks which is...

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Near Protocol Price Analysis: NEAR Surges to New ATH, Here’s the Next Possible Target

Key Support levels: $13 Key Resistance levels: $18  After a significant breakout from the rising wedge (marked blue on the following chart), NEAR is just under $18, which is currently acting as resistance. This is the next key resistance to consider. The cryptocurrency painted a fresh all-time high hours ago, and it’s essential to go above the level to continue its rally. Chart by TradingViewTechnical Indicators Trading Volume: Significant volume since the breakout above the...

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