DeFi News Today TheBitTimes.com

The two protocols will implement a standard for issuers to control the "canonical" minting of tokens, helping to reduce losses from unofficial bridges. Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token-issuers to maintain a list of official bridges and control how many tokens can be minted by each. In addition to Connext, DeFi platform Alchemix Finance will implement xERC-20 tokens, the announcement stated. Connext Alchemix Today, Connext is announcing support of the xERC20 standard and onboarding projects into safely bringing their token s to every chain . As our flagship user, we've been working with @AlchemixFi to bring $alUSD, $alETH, and $ALCX to @arbitrum and @optimismFND. https://t.co/S2tBLpuuqe — Arjun | xERC20 arc (@arjunbhuptani) July 24, 2023 The new token standard was originally put forth on July 7 as Ethereum Impro...

The decision reverses a prior ruling, allowing Craig Wright to appeal a lawsuit claiming copyright to the Bitcoin whitepaper and database. A British court granted an appeal on July 20 that gave Craig Wright the right to argue in a litigation that the Bitcoin file format is well-defined enough to qualify for copyright protection.  Wright, who since 2016 has claimed to be the inventor of Bitcoin (BTC), launched a lawsuit against 13 Bitcoin Core developers and a group of companies, including Blockstream, Coinbase, and Block, alleging violation of his copyright to the Bitcoin whitepaper, its file format and database rights to the Bitcoin blockchain. The decision reversed a ruling from February that considered Wright's arguments insufficient to show how the Bitcoin file format was first recorded, a concept known as fixation on copyright laws. "The Claimants may consider themselves unlucky to have had their application for leave to serve out come before a Judge with at least some...