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Finance Redefined: Solana and Nomad bridge fall prey to exploits losing millions
5.8.2022
The top 100 DeFi tokens had a mixed price action over the past week, with many seeing a downturn after some bullish action last week
North Korea's Lazarus Hackers Blamed in DeBridge Finance Cyberattack
5.8.2022
Company co-founder Alex Smirnov warns all Web3 teams that the phishing campaign is likely widespread
Meta Reportedly Issuing $10 Billion in Bonds to Invest in Its Metaverse Products and Other Initiatives
5.8.2022
Meta, the social media company, is planning to issue its first set of bonds to finance new investments and operations, according to reports. The company will be selling $10 billion in debt, to maintain a healthy cash flow and fund buybacks, per statements of two people with reported knowledge...
Decentralized finance faces multiple barriers to mainstream adoption
5.8.2022
While it may be one of the most popular sectors within the crypto market, decentralized finance still has barriers to overcome before reaching mass adoption
Klex Finance Deploys Testnet in Readiness for Klaytn Launch
5.8.2022
The countdown to Klex’s mainnet launch is on. On August 2, the Krew-incubated project invited the public to put its testnet through its paces, including smart contract interaction, ahead of an alpha release. The mainnet is expected to go live shortly after that, bringing Balancer-style...
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals
5.8.2022
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts....
Solana’s Investigation Indicates Wallet Exploit Tied to Slope Mobile App
4.8.2022
Following the Solana wallet attack, the Solana Status team updated the public and detailed that the wallet addresses affected by the breach were tied to Slope mobile wallet applications. The team further stressed that “there is no evidence the Solana protocol or its cryptography...
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible
4.8.2022
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone’s monetary authority also claims stablecoins, among...
Borrowing to buy Bitcoin: Is it ever worth the risk?
3.8.2022
Borrowing to buy crypto has often been advocated for by various influencers, but the consequences may be dire
Value Locked in Defi Stalls Before Reaching the $100 Billion Mark, Cross-Chain Bridge Statistics Crater
2.8.2022
During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value locked across the defi ecosystem is $86.22 billion as the TVL has lost 3.34% during the past...
Robinhood Fined Again, ZB Suspends Withdrawals, Resetting Vires.Finance, ApeCoin Enters Gucci + More News
2.8.2022
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: Robinhood Fined Again, ZB Suspends Withdrawals, Resetting Vires.Finance, ApeCoin Enters Gucci + More News
Lending Platform Vires.Finance Gets Go-Ahead to Implement Repayment Plan Amid Liquidity Crisis
2.8.2022
Waves governance token holders have voted to give investors a choice between moving forward with withdrawal requests or waiting until market conditions improve
Waves community back DeFi revival plan for Vires.Finance
2.8.2022
A Waves proposal that aims to solve the liquidity problem of Vires.Finance has passed after gaining the support of its community
Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO
1.8.2022
On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week of July and the collateral-backed stablecoin will be pegged to the U.S....
Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay Discussions
31.7.2022
While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more...
Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700
30.7.2022
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax evasion. Critics doubt the law will...
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks
30.7.2022
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB)...
El Salvador's Finance Minister Says Bitcoin Adoption is 'Gaining Ground': Report
29.7.2022
El Salvador's adoption of bitcoin as legal tender is working despite the losses of over 50% the government has incurred on its purchases, according to the country's finance minister
Babel Finance Lost $280M Trading Customer Funds: Report
29.7.2022
Babel Finance, the Hong Kong crypto lender that suspended withdrawals in June, reportedly lost $280 million in proprietary trades with customer funds
Solana-based stablecoin NIRV drops 85% following $3.5M exploit
29.7.2022
The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece