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Composable Data Assists Dapp Developers in Unlocking Rich Data Applications – Swaroop Hegde
1.4.2024
Composable data, a flexible and modular approach in the field of data analytics, benefits decentralized application (dapp) developers constrained by the limitations of current data protocols. Swaroop Hegde, co-founder of Powerloom, explains that composable data maintains a decentralized database...
Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds
1.4.2024
In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast...
Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable
1.4.2024
Prisma Finance addresses the recent security breach of $11.6 million with a recovery strategy and measures aimed at protecting $540,000 in user funds still vulnerable.
The post Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable appeared first on Cryptonews
Ethena Details ENA Airdrop for Shard Holders, Announces Bitcoin Sats Campaign
30.3.2024
Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of the total supply) will be airdropped, with...
Solana Price Prediction as SOL Approaches $200 Level – Can SOL Reach $1,000 This Year?
29.3.2024
Solana's surge to nearly $200, driven by DeFi and meme coin buzz, showcases its potential. Can SOL's robust ecosystem push it to $1,000 this year?
The post Solana Price Prediction as SOL Approaches $200 Level – Can SOL Reach $1,000 This Year? appeared first on Cryptonews
Dominic Williams, Founder of DFINTIY, on Decentralized AI, AI Dapps, Hosting AI Models on the Blockchain, and Multichain DeFi | Ep. 321
29.3.2024
Dominic Williams, the Founder of DFINTIY Foundation, a major contributor to Internet Computer, discusses the future of AI, its ‘perfect partnership’ with smart contracts and blockchain, how AI can help average Joe and Jane perform complex trades with verbal instructions, the difference between...
Prisma Finance is up against the siphoning of $12 million
29.3.2024
Prisma Finance, a DeFi protocol that releases stablecoins supported by Ethereum liquid staking and re-staking tokens (LRTs), loses $12 million through a cyber attack. Initially noticed by Cyvers, a company in the field of blockchain safety, the hackers were able to empty the amount of 3,258...
Ocean Protocol discusses Superintelligence Alliance’s impact on DF and veOCEAN
29.3.2024
Ocean Protocol has explained how things will be rolled out after other partners of Superintelligence Alliance have concluded their respective ‘yes’ or ‘no’ votes. The outcome of their mechanism will majorly affect three aspects, namely Passive DF, Volume DF, and veOCEAN, with DF being an acronym...
LiNEAR Protocol brings in omnichain liquid staking
29.3.2024
LiNEAR brings into the picture omnichain liquid restaking with the first purpose of taking forward NEAR’s chain abstraction. LiNEAR is a leader in DeFi protocols on NEAR and has the maximum TVL. It intends to improve the safety aspects of NEAR’s chain abstracted network via staking....
Swapr integrates OpenOcean to boost DeFi capabilities
29.3.2024
It is a matter of great pride for Swapr as the widest-reaching aggregator will be integrated into Swapr. The creative folks at Swapr are excited to welcome OpenOcean into the Swapr. Integrating a prominent DeFi aggregator into the trading platform is a tremendous achievement for Swapr. It is...
Shiba Inu (SHIB) & Litecoin (LTC) investors enraptured by Kelexo’s (KLXO) plan to transform lending, eyeing a rivalry with Aave (AAVE)
29.3.2024
As a result of innovativeness and stiff competition, the ever-changing crypto world is pushing its evolving DeFi platforms. Among them, Kelexo (KLXO) stands at a crossroads to initiate the journey by taking on big players like Aave (AAVE) to redefine how people lend. Before the crypto community...
Developing Several Layer-2 Solutions: ‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken Timsit
29.3.2024
The recent surge in Ethereum gas fees can be attributed to the rise in decentralized finance (defi) activity and the growing popularity of layer 2 (L2) chains such as Arbitrum and Optimism, Ken Timsit, managing director of Cronos Labs, has said. Timsit however agreed that the recent Dencun upgrade...
LendFi Revolutionizes DeFi Landscape With Comprehensive App Launch
29.3.2024
PRESS RELEASE. In an exhilarating development for the decentralized finance (DeFi) community, LendFi announces the launch of its innovative app, now available for download on both the iOS Store and Google PlayStore. This groundbreaking app introduces a suite of utility features designed to enhance...
Prisma Finance Suffers $11 Million Hack Involving FixedFloat Exchange
28.3.2024
Prisma Finance, a leading decentralized finance (DeFi) protocol, was the victim of a sophisticated hack involving FixedFloat, which resulted in a loss of $9 million.
The post Prisma Finance Suffers $11 Million Hack Involving FixedFloat Exchange appeared first on Cryptonews
Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout
28.3.2024
The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent...
TruFin partners with Laser Digital to launch institutional-focused Polygon Adoption Fund
28.3.2024
Nomura’s digital asset subsidiary, Laser Digital, is partnering with WebN-incubated blockchain technology TruFin to start a new business. By launching the Laser Digital Polygon Adoption Fund (“Fund”), this effort uses Polygon’s Aggregation Layer (AggLayer) to convert...
The fascinating journey of Linea Voyage: A novel Era of DeFi engagement
28.3.2024
Linea has witnessed splendid growth in the previous years, and its vibrant community is accountable for this massive growth. Thousands of users connected through Linea Voyage to decentralized applications or dapps in their ecosystem. The world is moving towards transformative decentralization...
‘Build on Bitcoin’ Startup Secures $10M in Seed Funding to Advance Hybrid L2
28.3.2024
The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual...
Ethena, a $1.3B Yield-Earning Protocol, to Debut Governance Token Next Week
27.3.2024
The DeFi protocol, which generates yield from ether derivative funding rates, is set to airdrop 750 million ENA tokens, 5% of the total supply, on April 2
OKX API Failure Causes Account Balance Confusion, Thousands of Users Affected
27.3.2024
The OKX API has hit a snag, causing account balance chaos for users in Singapore, Japan, and the US. The Rest API crash has led to errors, incorrect data, and failed trades. OKX assures users of asset safety, but the glitch has impacted the OKB token value. Read on for more details and recent...