Umee

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News

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.
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Son Min-ho

Significant Bitcoin Transfer from 2013 Wallet Sparks Market Speculation

An early Bitcoin holder has moved approximately 41,145 BTC from a dormant wallet, raising concerns and interest among traders.
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Ayman Ben Youssef

Cysic Halts Crosschain Bridge Following Token Creation Incident

Cysic has suspended its crosschain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.
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Tando Nkube

Qubic Network Halts Operations Following Major Security Breach

Qubic has halted its network operations after a significant security breach, where attackers exploited weakly generated wallet credentials to steal approximately 14 million in cryptocurrency from over 1,400 accounts.
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Kofi Adjeman

What is Umee?

Umee is a cross chain DeFi hub that interconnects between blockchains. As a base layer DeFi protocol, an ecosystem of applications can be built on top of Umee. The Umee Blockchain facilitates instant interoperability using the Tendermint Proof of Stake consensus protocol with the Cosmos ecosystem, Ethereum network, side chain architectures, layer 2 scaling solutions, and alternative base layer protocols.

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