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Hundred Finance announces to shut down its lending operations
10.8.2023
Hundred Finance has announced that it is soon going to shut down its lending operations. This comes days after the DAO passed a proposal to sunset the lending services of Hundred Finance. The proposal was passed with a massive 98.54% strength in favor of the move. The remaining portion of...
The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software
10.8.2023
In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted...
As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks
9.8.2023
Curve, a leading decentralized exchange on Ethereum, was hacked for $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk
Today in Crypto: Bitstamp 'Permanently' Suspends Trading for Several Altcoins for US Users, MuesliSwap Will Refund Money Lost Due to Slippage 'Misunderstanding', Unstoppable Domains Launches Blue Premium Membership
9.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bitstamp 'Permanently' Suspends Trading for Several Altcoins for US Users, MuesliSwap Will Refund Money...
Another Fantom project winds down citing Multichain exposure
9.8.2023
Over $1.5 billion of users' and enterprises' assets were held on Multichain prior to the arrest of its CEO Zhaojun He
Web3 Security Startup Cube3.ai Emerges From Stealth With $8.2M Seed Funding
9.8.2023
The fundraising was led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures
TerraBlock announces integrating its tool with the Splinterlands game
9.8.2023
TerraBlock has announced that it has successfully integrated its core mechanism with Splinterlands Game. This pertains to 1-Click Cross-Chain Swap going live in the gaming ecosystem. The widget and the integration have been defined to be a game-changer by TerraBlock, adding that it will benefit...
Chainlink Price Feeds positioned live on Base
9.8.2023
Chainlink Price Feeds are currently positioned live on Base, which is an upgradable Layer 2 blockchain created by Coinbase and affixed by Ethereum. Through this incorporation, developers who are involved in creating on Base will have the opportunity of connecting with benchmark Chainlink data...
Cardano DEX MuesliSwap to refund users after slippage confusion
9.8.2023
The MuesliSwap team wants to refund users that have lost funds to high slippage due to the way the DEX’s matchmaker was set up
Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution
8.8.2023
The Ethereum-based crypto trading protocol will shut down and distribute its treasury to investors
Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud
8.8.2023
Hundreds of millions of dollars have been lost to scams and exploits in July alone
Ubik Capital announces a collaboration with Injective
8.8.2023
Ubik Capital has announced joining hands with Injective. The collaboration comes with the objective of revolutionizing the DeFi landscape, that is the landscape of decentralized finance. Both will now unlock the possibilities of decentralized trading by leveraging the potential of the fully...
Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers
8.8.2023
A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to the retail mutual insurer comprising over 5,000 shopkeepers and small retail businesses
Cronos Labs enters the Korean market
8.8.2023
Cronos Labs, known for its blockchain network, has announced that it is now targeting the market of Korea for its global expansion. The move became more evident when Cronos Labs marked its presence at the Seoul Web3 Festival to judge some of the upcoming dApps, short for decentralized applications....
Cypher Protocol Loses $1 Million in Blockchain Exploit – Here's What Happened
8.8.2023
Solana-based decentralized exchange Cypher Protocol halted its smart contract following an exploit that saw an estimated $1 million stolen.
On the evening of August 7 (UTC), Cypher confirmed that there had been a security incident, saying that the team was investigating it, but without providing...
Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist
7.8.2023
First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it's having to spend big on lawyers to pursue suits and other remedies
Breaking: 'All funds are at risk' — Steadefi exploited in ongoing attack
7.8.2023
The leveraged yield aggregator confirmed on Aug. 7 that it was hacked and said it's willing to discuss a bounty with the exploiters
Lido Attracted 10K Ether Stakers to Protocol in July
7.8.2023
The largest staking service provider also crossed $15 billion in total value locked, a level not seen since May 2022
zkLink & BNB chain join hands to shape the DeFi future
7.8.2023
zkLink has announced integration with BNB Chain, facilitating DeFi enthusiasts with a chance to deposit and withdraw their BEP-based assets on the network. BNB Chain going live on the alpha mainnet makes sure that users are able to retain custody of their deposits at all times. The integration...
Curve Finance rolls out a reward of $1.85 million to identify the attacker
7.8.2023
Curve Finance, along with other protocols, fell victim to a re-entrancy attack wherein they collectively lost more than $70 million worth of digital assets. The incident dates back to July 30, 2023, and the DeFi protocol has said that it was a software bug that was exploited by an attacker or there...