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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...
Crypto.com launches Liquid Staking in its app
17.11.2023
Crypto.com makes it to the headlines yet again with its grand announcement of the launch of liquid staking on the Crypto.com mobile app, allowing its users to capture the best market opportunities and benefit from crypto staking rewards simultaneously. Crypto.com is a trusted name and one of...
DWF Labs forges an association with Kava Chain
16.11.2023
DWF Labs, an internationally known digital asset market maker, forms an association with the Kava Chain. DWF Labs is also a multi-level Web3 investment company. This joining of hands will bring about the growth of Kava’s DeFi ecosystem with an extra focus on its decentralized exchanges (DEXs). ...
White Hat Hackers Awarded $300K After Uncovering Critical Chainlink VRF Vulnerability
15.11.2023
White hat hackers earn $300K Chainlink bounty for responsibly disclosing critical VRF vulnerability. Image by ZayNyi, Adobe Stock. Decentralized oracle network Chainlink recently awarded white hat hackers Zach Obront and Or Cyngiser of Trust $300,000 for uncovering a critical vulnerability in...
Oracle Security’s role in DeFi derivatives markets with Chainlink & GMX
15.11.2023
Chaos Labs is all set to optimize and secure on-chain financial apps and share their latest collaborations with Chainlink Labs and GMX. The long-awaited GMX V2 launch on Arbitrum uses Chainlink Data Streams, an all-in-one solution for decentralized finance (DeFi), combining automated trade...
LayerZero becomes live on Manta Pacific
15.11.2023
LayerZero recently partnered with Manta Network to go live on Manta Pacific. The collaboration will see LayerZero facilitate interoperability across the Manta Pacific. The announcement was made on the official X/Twitter account of LayerZero. With the integration, Manta Pacific will exercise...
IRS Holds Hearing on Digital Asset Reporting Regulations Following Pushback
13.11.2023
Following massive pushback from the crypto industry, the Internal Revenue Service (IRS) held a public hearing on Monday morning, chiefly discussing their recently proposed digital asset broker reporting regulations. A firestorm of comments Initially filed on August 29th, 2023, the IRS’ proposed...
Ritual Raises $25M for AI Decentralization, Targets Universal Access with DeFi Integration
9.11.2023
Ritual raises $25M to build a decentralized AI network. Image by ipopba, Adobe Stock. Ritual, a startup building a decentralized platform for artificial intelligence, has raised $25 million in a seed funding round. The funding was led by venture capital firm Archetype, with participation from Robot...
Market share rises by 69% for opBNB, Binance announces support
9.11.2023
opBNB went live on mainnet recently and has already seen a massive rise in its market share. The jump is 69% jump for the Layer 2 solution of the BNB Chain. It is now the second most popular layer 2 solution in terms of DAU, 92,761. Additionally, Binance has announced that it will support deposits...