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Anzen officially joins the Chainlink BUILD program
30.11.2023
Anzen has formally proclaimed its intention to develop a partnership with the Chainlink BUILD program. This will allow them to accelerate the ecosystem’s growth and broaden the adoption of decentralized lending in terms of institutional standards and real-world assets (RWAs). This will...
Wormhole secures $225 million, launches Wormhole Labs
30.11.2023
Wormhole has announced two developments. The first development is that the Foundation has secured $225 million in a funding round, taking its valuation to $2.5 billion. The second development is about the launch of Wormhole Labs as an independent technology company. The objective is to accelerate...
TokenFi to boost tokenization of Real World Assets
29.11.2023
TokenFi has announced Real World Assets Tokenization under the TokenFi RWA Tokenization Module. TokenFi aims to enable the tokenization of assets that are not categorized as securities. The end-utility will include trading, selling, and attracting liquidity from investors. Users will have a quick...
Learn how Ionise is improving DeFi growth on Zilliqa
29.11.2023
DeFi has become a crucial part of the Zilliqa network ever since CEO Matt Dyer laid out extensive DeFi plans. The network plans to introduce more updates with DeFi apps on the blockchain. Its latest EVM compatibility launch has opened the network to EVM-based DeFi dApps and Solidity developers....
KyberSwap recovers $4.67M of stolen funds from frontrun bots
27.11.2023
Kyber Network has announced that it has reached a deal with the owners of frontrun bots. The KyberSwap team has finalized a bounty of 10% for them in exchange for 90% of the stolen funds. The hackers were able to extract approximately $5.7 million from the pools of Avalanche and Polygon. Now, funds...
Chainlink Staking v0.2 begins on Nov 28
27.11.2023
Chainlink has shared its adoption update, informing the community of new integrations. These include joining hands with chains like ChainGPT, Beefy Finance, and Lyve Finance. The development builds on top of previous collaborations across 6 chains, namely Ethereum, Arbitrum, Base, Polygon...
DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules
24.11.2023
The ATO’s opaque DeFi tax guidance perplexes Australian crypto investors. Image by Vadym, Adobe Stock. The Australian Taxation Office (ATO) released new guidance on November 9, stating that capital gains tax (CGT) applies to certain decentralized finance (DeFi) transactions. The tax agency...
PancakeSwap Launches Vote-Escrowed Tokenomics
24.11.2023
PancakeSwap, a multi-chain decentralized exchange (DEX), recently proposed the launch of vote-escrowed CAKE (veCAKE) and voting gauges in the next few days, with more than 90% of the votes in favor of the protocol’s launch. This initiative is designed to strengthen CAKE token holders with enhanced...
Researcher proposes major SC verification improvements on Hedera
24.11.2023
Walter Hernández, a researcher at the DLT Science Foundation, has proposed upgrades that could significantly improve the way developers and users interact with smart contracts in Hedera. Smart contracts are deployed in bytecode, making it difficult for users to understand. As a result, this creates...
NEAR positioned live on Router’s Testnet Mandara
24.11.2023
NEAR, an advanced non-EVM blockchain, is now placed live on Router’s Testnet Mandara. Due to Router Nitro, which is their landmark dAPP, users within the NEAR ecosystem will now have the option of shifting test tokens towards and back to NEAR and placing them on various backed chains. Following...
AnkrETH unites with EigenLayer’s ecosystem as Collateral Asset
23.11.2023
A recent announcement by AnkrETH on November 22 mentioned the integration of the decentralized network as an LST (liquid staking token) collateral on the innovative protocol EigenLayer, which is based on the Ethereum blockchain. The integration will introduce fresh use cases for the new liquid...
KyberSwap loses $46 million to a hack attack
23.11.2023
KyberSwap has asked its customers to withdraw their funds as soon as possible. The post published on X, formerly Twitter, has clearly laid that out by calling it a precautionary measure. KyberSwap is conducting the investigation, and it could take a while to resolve it. As a matter of fact,...
Tokenized US Treasuries on Injective: Ondo Finance Introduces USD Yield
22.11.2023
Ondo Finance has made tokenized US Treasuries available to Injective users in the form of the USD Yield token (USDY). USDY is now accessible to eligible users. In the context of Web3 finance-based applications, Injective is a blockchain that operates at an exceptionally high rate of acceleration. ...
Aragon DAO Backs Lawsuit Against Founding Team, Allocates $300,000 in Funding
22.11.2023
Image source: Adobe Stock Aragon DAO, a decentralized autonomous organization, has passed two votes that support a lawsuit against its founding team, allocating $300,000 in funding for the legal battle. The voting process saw unanimous approval for the proposal, with 1.6 million governance tokens...
De.Fi 2.0: Revolutionizing SocialFi & Antivirus, Secures $5 Million in Funding
21.11.2023
Source: Adobe / BeNeDak De.Fi, a platform that describes itself as a “SocialFi & Antivirus SuperApp,” has achieved a major milestone with the introduction of decentralized finance (DeFi) platform De.Fi 2.0, along with an ongoing public sale of its DEFI token. So far, the project...
Credefi boosts DeFi: integrated with XRP Ledger
21.11.2023
It is worth noting that Credefi Finance has achieved notable progress in the DeFi industry through its incorporation in the XRPL. This marks an important step for DeFi users, who are set to enjoy innovative lending services in cryptocurrency. The open-sourced XRP ledger network is highly efficient...
Aave Companies transformed into Avara
20.11.2023
It is indeed a landmark occasion, the transformation of Aave Companies into Avara. Aave Companies had Aave, Lens, GHO, and more under its umbrella brand. The company has taken over Los Feliz Engineering (LFE), the inventive team responsible for Family. They will now all be actively involved...
Dexalot forms a collaboration with Kado
20.11.2023
Dexalot takes pleasure in the fact that it has formed an exclusive collaboration with Kado, which is a fiat on-and-off ramp. It is responsible for changing crypto into fiat currency in an extremely simplified way. Kado was officially set up to carry out the spending of stablecoin in a real-time...
dYdX DEX and YFI Token Hit by $9 Million Targeted Attack – Here’s What Happened
19.11.2023
Image Source: Unsplash Decentralized exchange dYdX has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange. In a Saturday post on X (formerly Twitter), the dYdX team said that the v3 insurance fund was deployed...
Umbrella Network goes live on MultiversX Mainnet
17.11.2023
Umbrella Network has recently integrated into MultiversX Mainnet, the first significant step in blockchain technologies. Through this integration, developers can use Umbrella’s quality decentralized data feeds in the MultiversX ecosystem – a top Layer 1 platform with more than three thousand...