Search
Backlash over EigenLayer airdrop shakes the crypto community!
2.5.2024
The EigenLayer airdrop’s recent disclosure has caused a variety of reactions from both cryptocurrency users and volunteers. Some have seen that it was done right, which is good, and others have analyzed it deeply. EigenLayer aims to donate 62% of its 8 million tokens to the community,...
Attackers Steal $1.6 Million in Digital Assets From Defi Protocol Pike Finance
2.5.2024
Unknown attackers recently siphoned digital assets valued at just under $1.6 million from the decentralized finance protocol, Pike Finance. The protocol announced it is offering a 20% reward for the return of the funds, while an ongoing investigation into the incident continues. USDC Vulnerability...
Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit
2.5.2024
Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s automation services
Aave Labs Unveils Ambitious Plans for Protocol V4: Enhancing GHO Stability and Cross-Chain Liquidity
2.5.2024
Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture for cross-chain liquidity across both Ethereum and non-EVM layer-1 platforms....
Synethix founder Kain Warwick targets mid-May launch for Infinex DEX
2.5.2024
The Infinex front-end DEX is targeting a May 13 launch, pending a final vote from Synthetix’s governing council
DeFi lending giant Aave unveils V4 protocol overhaul
2.5.2024
Aave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO
Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains
2.5.2024
The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance...
The Protocol: EigenLayer's 'Intersubjective Forking' Is Objectively Not Done
1.5.2024
Much-hyped restaking project EigenLayer's 43-page whitepaper about its now-revealed EIGEN token has raised lots of questions. They may not matter initially, because much of the promised functionality won't be ready when the token launches
Pike Finance Exploit Leads to $1.6M in Stolen Cryptocurrency
1.5.2024
Decentralised finance (DeFi) lending protocol Pike Finance smart contract vulnerability led to $1.6 million in stolen funds over three days.
The post Pike Finance Exploit Leads to $1.6M in Stolen Cryptocurrency appeared first on Cryptonews
Curve Finance Rewards Security Researcher $250,000 for Uncovering Critical Vulnerability
1.5.2024
Popular DeFi protocol Curve Finance has awarded a security researcher $250,000 for discovering a critical vulnerability that has historically enabled hackers to siphon off millions of dollars from cryptocurrency protocols.
The post Curve Finance Rewards Security Researcher $250,000 for Uncovering...
April Records Lowest Crypto Hack and Scam Losses Since 2021: CertiK
1.5.2024
As April concludes, the cryptocurrency industry experienced a significant downturn in combined losses from hacks and scams, reaching the lowest recorded figure.
The post April Records Lowest Crypto Hack and Scam Losses Since 2021: CertiK appeared first on Cryptonews
Bitcoin DeFi ecosystem thrives despite market correction
30.4.2024
The Bitcoin DApp ecosystem has been reinvigorated by the invention of native protocols such as Ordinals and Inscriptions last year
TOKEN2049 Day 1 Recap: Bullish Views, New BTC, Web2-to-Web3 Bridges, and TradFi Interest
30.4.2024
Industry insiders discuss the crypto market, bullish outlooks, the rising impact of ordinals and runes, the new type of wrapped BTC, the TradFi-DeFi relationship, many innovative solutions for bringing more people into Web3, and much more.
The post TOKEN2049 Day 1 Recap: Bullish Views, New...
Hackers Drain Funds from Defunct DeFi Lending Protocol Yield Protocol
30.4.2024
Yield Protocol ceased operations in December 2023, citing challenges with diminishing business demand and mounting global regulatory pressures.
The post Hackers Drain Funds from Defunct DeFi Lending Protocol Yield Protocol appeared first on Cryptonews
Fear of Impermanent Loss: Though ‘Overstated,’ It Has Impacted Participation in Liquidity Pools, Says Mehdi Lebbar
30.4.2024
Although decentralized finance (defi) continues to evolve, it is being perceived as the domain of a select few, Mehdi Lebbar, the co-founder of the investment platform Exponential, says. However, he argues that defi protocols can alter this perception by emphasizing user education. Lebbar contends...
JitoSOL launches ERC20 token on Arbitrum with Wormhole NTT
30.4.2024
JitoSOL, a network for extracting Maximum Profitable Value (MPV), is launching its ERC20 token on the Arbitrum network. Wormhole Native Token Transfers (NTT) technology will accomplish this, demonstrating JitoSOL’s unwavering innovation and progress. JitoSOL is expanding its presence...
cBridge backing the linking of uniETH with X Layer
30.4.2024
Following the backing of cross-chain staking with the help of uniETH tokens, the inclination was to provide added backing so that uniETH could offer holders further utility. Therefore, cBridge is backing the linking of uniETH with X Layer, a ZK-boosted decentralized Ethereum Layer 2 network. It...
Lido Finance Just Hit 1M Validators, But Can DeFi Really Take Over TradFi?
29.4.2024
Lido Finance reaches a major milestone with 1 million Ethereum validators, solidifying its position as the largest DeFi protocol. The growth of liquid staking protocols like Lido is fueling DeFi expansion, raising concerns about centralization and the potential disruption of traditional financial sy...
Avalanche integrates with Stripe for fiat-to-crypto onboarding
29.4.2024
Avalanche C-Chain users can now buy AVAX directly within Web3 apps, using a widget supplied by Stripe
The Changing Face of Risk in DeFi
29.4.2024
The biggest risk factors in the new era of decentralized finance may be economic, not technical, says Jesus Rodriguez, CEO of IntoTheBlock