THORChain deactivates non-native tokens, sending RUNE up 18%
After THORChain’s long-awaited mainnet launch in the latter part of last month, the BEP-2 and ERC-20-based variations are being replaced with the enhanced native RUNE token. Proof-of-bond network and cross-chain exchange The killswitch that will gradually reduce support for the BEP-2 and ERC-20-based versions of the RUNE coin has now been turned on by THORChain. […]
RUNE Spikes By 34% Following THORChain’s Activation Of Synthetic Assets
RUNE token inflates by 34% with $40.2 million volume in 24 hours, after activating synthetic assets. RUNE price, the THORChain native token, has risen by 34%. This is due to the network’s activation of synthetic assets. Crypto synthetics, often known as synths, are digital asset derivative tokens that are tied to the value of the […]
THORChain concludes two security audits following summer attacks
THORChain has fully recovered from two summer attacks that exposed millions of dollars in user funds, as announced on Thursday. THORChain was able to establish a five-step recovery plan as a result of the concurrent audits conducted by cybersecurity firms Trail and Bits and Halborn. Contributors to THORChain report that the protocol is now fully […]