Search
Arbitrum’s dream to decentralize goes down the drain
4.4.2023
Arbitrum’s efforts to hand over control to its community have not gone the way it wanted them to. Thus, efforts have been wasted due to critics’ harsh criticism of its first-ever governance proposal. Several critics called the procedure a “Sham Vote,” arguing that it was nothing...
Polytrade raises $3.8 million to expand international trade
4.4.2023
Polytrade, a Web3 protocol for worldwide commerce, has successfully raised $3.8 million. This was made possible through a seed fundraising round in which Alpha Wave, as well as Matrix Companions, CoinSwitch Ventures, and Polygon Ventures took an active role and made considerable contributions....
Crypto Scammer Gets Away with $1.2M in ARB Tokens Through 'Address Poisoning' Attack – Here's What Happened
1.4.2023
A hacker has made off with $1.2 million worth of ARB tokens through a relatively new type of cyber-attack that uses modified wallet addresses to steal funds.
Blockchain data shows that one crypto address has been stealing funds from Arbitrum users. So far, the attacker has scammed out over...
UNICEF's Foray into Crypto: Agency Tests Prototype DAO for Digital Public Goods
31.3.2023
UNICEF, a United Nations agency focused on humanitarian aid and relief to children, is further venturing into the cryptosphere with its ongoing work related to a decentralized autonomous organization (DAO) prototype.
"Right now, we're building a DAO prototype to fairly distribute power...
Arbitrum begins hosting Yama Finance
31.3.2023
Yama Finance is hosted on the Fuel and Eclipse networks, among others. The list has been expanded by the addition of Yama Finance, which has announced its debut on Arbitrum as of the end of March 2023. Yama Finance is an omnichain stablecoin with the industry’s highest leverage and liquidity....
ERC-4626 Alliance fosters collaboration & enhances ERC-4626 standard
30.3.2023
Considering the sheer force of standards, it becomes imperative for an overall wider endorsement that happens to be required for them to be able to create a greater impact. In the case of the previous endorsers of the ERC-4626, they have declared the 4626 Alliance, wherein a group of 4626 builders...
Instadapp introduces Transaction Transparency on Avocado
30.3.2023
Instadapp has taken to Twitter to share a major update on Avocado. It comes in the form of Transaction Transparency. The update basically empowers the users to gain insight into how transfers and approvals are done on the network. Specifically speaking, insights will relate to the approval of flash...
Notional introduces Notional V3 as the next level in DeFi lending
29.3.2023
Notional has created an absolute landmark by taking DeFi lending to the very next level with the introduction of Notional V3. This, in turn, is the most highly boosted protocol ever witnessed by DeFi. Notional V3, on its part, delivers the prime money market, which in actuality happens to be...
Safemoon Crypto Project Hacked: Attackers Steal $8.9M Using Publicly-Available Token Burn Function – Here's the Latest
29.3.2023
A hacker has made off with $8.9 million worth of digital assets after exploiting a vulnerability in the BNB chain-based DeFi exchange Safemoon.
According to crypto security firm Peckshield, the attacker exploited a public burn function introduced in the latest upgrade. The function included a...
Polygon announces the launch of open-source zkEVM
28.3.2023
Polygon Labs has taken to Twitter to announce the launch of Polygon zkEVM as an open source, with all the components being licensed under AGPL v3. The development ensures that Polygon zkEVM is no more proprietary but rather a tool for every developer who now has access to modify and distribute...
Premia exclusively brings ARB/DAI option to Arbitrum Network
27.3.2023
It has only been a couple of days since ARB’s launch, and Premia Finance has elevated the token already. The platform is bringing the world’s first ARB options to Arbitrum already. Now users can exclusively access the ARB/DAI options on Arbitrum. Users can also bridge to the network by accessing...
Euler Finance gets back $90 million from hacker
27.3.2023
It happened to be a little before two weeks ago when the lending protocol, Euler Finance, went through an enormous amount of loss pertaining to its assets. This happened to have been the handiwork of a hacker. However, recently he has sent back the amount of 51,000 ETH, which happens to be...
Euler Finance Hacker Returns $100 Million in Surprising Act – Here's What Happened
26.3.2023
In a remarkable development, the Euler Finance exploiter has returned a huge portion of the $200 million stolen funds to the protocol.
According to data aggregated by blockchain security firm BlockSec, the Euler Finance hacker has been returning the stolen funds over the past 24 hours. With...
Steadefi links up with the Chainlink BUILD program
23.3.2023
Steadefi takes the opportunity of coming out with its official announcement of linking up with the Chainlink BUILD program. Through this, they will be in the position of being able to better connect with the absolute new-age Chainlink Web3 services. Chainlink happens to be a measuring tool in...
Aave backs the proposed Metis deployment
22.3.2023
Reportedly, the community of Aave has come out supporting the deployment of V3 on Metis. Aave is a DeFi lending protocol that recently registered a TVL of $8.5 billion, and Metis is a layer 2 network on Ethereum. Reports further claim that Metis will roll out $3 million in liquidity mining for Aave...
DeFi Llama team manages to iron out differences
21.3.2023
There was an overarching atmosphere of misappropriation as well as general unease among DeFi Llama team members. But, at present, all the issues appear to have been peacefully resolved, and everything seems to be well and back on track. All of this information was effectively communicated through...
Hostile Takeover Fears: DefiLlama Co-Founder Exposes Internal Rift over Token Launch – What's Going On?
20.3.2023
A hostile takeover could by underway for decentralized finance (DeFi) resource DefiLlama, as an internal rift among key team members has been exposed.
The internal rift is related to the launch of a token for DefiLlama called LLAMA, which is to be launched by DefiLlama’s top management without...
ParaSpace & BlockSec prevent $5M from being stolen in a failed attack
20.3.2023
BlockSec, the popular blockchain security firm, recently announced that it prevented a breacher from stealing 2,909 ETH. Worth around 5 million dollars, the attacker was caught while trying to exploit a vulnerability in ParaSpace. At 3:51 AM, London time, a Railgun-funded address was first noticed...
Wallet Addresses Linked to $200 Million Euler Exploit and Axie Infinity Hack Mysteriously Interact – Are North Korean Hackers Involved?
17.3.2023
Wallet addresses associated with the exploit of Euler Finance and last year's hack of Axie Infinity’s Ronin Network have interacted, stirring up speculations that North Korean hackers might also be behind the recent attack on Euler.
Blockchain data shows that an address controlled by Euler...
Euler Foundation to reward a sum of $1M in exchange for hacker’s information
16.3.2023
Euler Finance lost $197 million to a hacker who performed a flash loan attack on the network and stole $177 million in four transactions, followed by two more transactions to bring up the total to $197 million. Euler Foundation has now announced a reward of $1 million to anyone who shares...