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Fintech Provider Portal Raises $34 Million in Seed Funding
1.2.2024
Portal, the provider of a decentralized Bitcoin ecosystem, announced on Jan. 30 that it has raised $34 million via a seed funding round. Portal said the raised capital is set to fund the development of a decentralized exchange platform and a wallet. Layer 2 Atomic Swap Technology Portal, a fintech...
Ripple Co-founder Hacked of Over $112 Million Worth of XRP
31.1.2024
Ripple executive chairman and co-founder Chris Larsen has taken to social media to clarify reports of the payment protocol being hacked on Wednesday. Larsen’s Accounts Hacked “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple) – we were quickly able...
Web3 Lost $38.9 Million to Bad Actors in First Month of 2024: Quantstamp
31.1.2024
Bad actors have stolen $38.9 million from various Web3 projects in the first month of 2024. According to a recent report from Quantstamp, a decentralized finance (DeFi) security startup, bad actors used different attack vectors to steal funds, including smart contract hacks, key compromises,...
WEN airdrop by Jupiter introduces a new Solana NFT Standard
31.1.2024
Jupiter’s airdrop is around the corner, scheduled to happen on January 31, 2024. Expectations are pretty high, considering DEX has a steady reputation on Solana and other platforms in the DeFi sphere. The community has been waiting for it for more than a month, and with Airdrop finally making...
Anza by engineers from Solana Labs goes live
31.1.2024
Jeff Washington has introduced Anza, a new software development firm. It will work to strengthen the Solana network and fuel the adoption of SVM, an acronym for Solana Virtual Machine. What makes Anza a reliable option is the fact that it has been architected with efforts from some of the...
Sui Becomes a Top 10 DeFi Blockchain in Less Than a Year
31.1.2024
Developers on Sui are building products that people are using to address real-world challenges, according to Greg Siourounis, Sui's managing director
Polygon Labs Execs Outline Regulatory Framework to Combat Illicit Activity in Defi
31.1.2024
A paper prepared by two Polygon Labs executives and a former Financial Crimes Enforcement Network (FinCEN) director presents a framework to combat illicit activity in decentralized finance (defi) markets. The document proposes three different classes for defi platforms, including platforms...
Peckshield Report Reveals Decline in Crypto Losses Despite Persistent Threats in 2023
31.1.2024
Peckshield’s latest report reveals a mix of challenges and advancements in the crypto world. Despite a notable decrease in overall losses to hacks and scams, decentralized finance protocols remain heavily targeted, accounting for a significant portion of the cyber thefts. Peckshield Report...
Abracadabra Money in Crisis as $6.5 Million Crypto Theft Sends Shockwaves Across DeFi Community
30.1.2024
Source: iStock / Xijian Popular Ethereum-based decentralized finance (DeFi) lending protocol Abracadabra Money fell victim to a platform attack on January 30. Announcing the incident on its official X (formerly Twitter) handle, the DeFi protocol stated that it is aware of an exploit on its platform...
MIM Stablecoin Suffers Flash Crash Amid $6.5M Exploit
30.1.2024
The stablecoin issued by decentralized platform Abracadabra.money {MIM}, suffered a flash crash to $0.76 after reports emerged of a $6.5 million exploit
Fintech Provider Portal Raises $34M Seed Round for Bitcoin-Based Decentralized Exchange
30.1.2024
Portal aims to offer a decentralized infrastructure for peer-to-peer swapping of BTC across different blockchains without the need for intermediaries, which heighten the risk of hacks
Manta token soars to $3.7 billion valuation in just 10 days
30.1.2024
MANTA is one of the tokens to have gained significant value in the last 7 days. Despite the recent fall of 2.565 in the last 24 hours, it has jumped up by 47.98% in the last 7 days. What makes the climb remarkable is the valuation of Manta, which is now booked at $3.7 billion, …
Forget Ethereum, this rival token Priced at $0.09 will reach $16 in 2024
30.1.2024
  The cryptocurrency landscape is witnessing a seismic shift as a new challenger, priced at a mere $0.09, emerges to rival Ethereum’s long standing supremacy. This token, Retik Finance, is not just another entrant in the crowded crypto space; it represents a paradigm shift...
How To Stop Criminals From Exploiting DeFi, According To Polygon Labs
29.1.2024
Polygon Labs – the main developers behind the blockchain scaling network Polygon – published a research paper on Monday explaining how the government should go about regulating the DeFi industry. From the Treasury Department to the U.S. Senate, politicians have been loudly criticizing crypto’s...
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
29.1.2024
The crypto insurance protocol is anticipating growth stemming from a recent partnership
Orbiter Finance unveils L2 network with OKX backing
29.1.2024
Orbiter Finance, a rapidly expanding entity within the cryptocurrency industry, has achieved a noteworthy milestone with the addition of more than three million users to its cross-chain bridge. This groundbreaking endeavor facilitates the exchange of assets among rollup networks. The investment...
Cloned Assets: An Ideal Tool for Bringing Liquidity to Non-Native Tokens on Solana, Says Evan Deutsch
28.1.2024
According to Evan Deutsch, a core contributor and co-inventor of Clone, cloned assets, perpetual contracts, and bridged tokens are two tools that can bring liquid spot markets to non-native assets on Solana. Deutsch, who is better known as Mark to many in the crypto space, cautions that the latter...
Could this $0.09 token be the next Solana? Whales are already taking positions
27.1.2024
Solana (SOL) has been one of the most recent success stories in the cryptocurrency market, rising more than 700% between January 2023 and January 2024. However, a recent pullback has paved the way for a new breakout star with similar or better potential.Retik Finance (RETIK) is a fairly...
Star Trek’s Jonathan Frakes Set to Direct Series for Jeff Garzik’s Web3 Production Studio: Deadline
26.1.2024
Star Trek’s Jonathan Frakes is set to direct a TV adaptation of the sci-fi book series “Deathlands” for crypto developer Jeff Garzik’s Web3 production studio NextCypher, Deadline reports. Commander turned director Known for his role as Commander William Riker in Star Trek...
BitcoinOS Unveils ‘Superlayer’ Protocol, Introducing Rollups to Enhance Bitcoin
26.1.2024
Source: Adobe / top images A new platform named BitcoinOS aimed at bringing Bitcoin into the decentralized finance (DeFi) landscape has been introduced by a team of blockchain developers at Sovryn. The platform, which the developers describe as an “operating system” for Bitcoin, utilizes...