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Attackers Steal $1.6 Million in Digital Assets From Defi Protocol Pike Finance
2.5.2024
Unknown attackers recently siphoned digital assets valued at just under $1.6 million from the decentralized finance protocol, Pike Finance. The protocol announced it is offering a 20% reward for the return of the funds, while an ongoing investigation into the incident continues. USDC Vulnerability...
Aave Labs Unveils Ambitious Plans for Protocol V4: Enhancing GHO Stability and Cross-Chain Liquidity
2.5.2024
Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture for cross-chain liquidity across both Ethereum and non-EVM layer-1 platforms....
MicroStrategy to launch Bitcoin-based decentralized ID solution
2.5.2024
MicroStrategy has already built an application on “MicroStrategy Orange” — Orange For Outlook — which integrates digital signatures into emails to verify the identity of the sender
Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains
2.5.2024
The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance...
Microstrategy Plans to Launch a Decentralized Identity Solution on Bitcoin
2.5.2024
Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the Bitcoin Blockchain for Identity Management According to...
Chirp Network Joins peaq to Build Unified DePIN Connectivity
1.5.2024
Chirp Network’s integration with peaq aims to simplify data exchange for IoT devices and provide global connectivity, enhancing decentralized physical infrastructure networks through telecommunications solutions.
The post Chirp Network Joins peaq to Build Unified DePIN Connectivity appeared first...
Uniswap Integrates Robinhood Connect for Crypto Purchasing
1.5.2024
The decentralized crypto exchange Uniswap now supports Robinhood Connect, allowing U.S. users to make transactions directly through the mobile app using various payment methods.
The post Uniswap Integrates Robinhood Connect for Crypto Purchasing appeared first on Cryptonews
Fear of Impermanent Loss: Though ‘Overstated,’ It Has Impacted Participation in Liquidity Pools, Says Mehdi Lebbar
30.4.2024
Although decentralized finance (defi) continues to evolve, it is being perceived as the domain of a select few, Mehdi Lebbar, the co-founder of the investment platform Exponential, says. However, he argues that defi protocols can alter this perception by emphasizing user education. Lebbar contends...
The rise of DePINs: From noise pollution sensors to robo-cafes
29.4.2024
Decentralize with Cointelegraph dives into the inner workings of DePINs and how they leverage blockchain to revolutionize real-world applications
Prioritizing First-Mover Advantage Over Security Leaves Defi Protocols Vulnerable to Hacks – Nikita Ovchinnik
27.4.2024
According to Nikita Ovchinnik, founder of Barter Defi, decentralized finance (defi) protocols are increasingly becoming the primary target of most hacking attacks because defi “lays bare its inner workings for all to see.” He said the open-source nature of defi means hackers...
Magic Partners with Tezos Foundation to Simplify dApp Onboarding
26.4.2024
Tezos Foundation and Magic collaborate to streamline decentralized application access through enhanced wallet integration to improve web3 onboarding and authentication experience and usability.
The post Magic Partners with Tezos Foundation to Simplify dApp Onboarding appeared first on Cryptonews
Decentralized AI is key to more unbiased AI algorithms — Masa co-founder
25.4.2024
Google’s Gemini AI has faced recent outrage after generating historically inaccurate imagery and biased results. Decentralized AI development could be the key to creating more transparent and unbiased results
DeFi bull market confounds expectations with RWAs and ‘recursive airdrops’
25.4.2024
Industry figures assess the state of decentralized finance in 2024 and whether it is developing as expected
SEC targets Uniswap Labs, raising concerns over open-source code liability
24.4.2024
SEC actions have made developers fearful that their code may end in prosecution. Are smart contracts with immutable code the way to protect themselves?
New crypto users shouldn’t ‘rush into DeFi’ — Security firms
24.4.2024
Hacken’s Luciano Ciattaglia said that new crypto users should not immediately jump into decentralized finance or decentralized exchanges
Solana DEX Aggregator Jupiter Acquires Ultimate Wallet for Mobile Expansion
24.4.2024
Ultimate Wallet and its mobile team have been acquired by Jupiter, Solana's leading decentralized exchange (DEX) aggregator.
The post Solana DEX Aggregator Jupiter Acquires Ultimate Wallet for Mobile Expansion appeared first on Cryptonews
Developing Countries Need Decentralized Physical Infrastructure Networks – Karam Lakshman
23.4.2024
Karam Lakshman, CEO of Wifi Dabba, asserts that a country like India, which is the world’s fifth-largest economy, needs enhanced connectivity and innovation. He suggests that Decentralized Physical Infrastructure Networks could be the solution for the country, which currently trails other...
Orbs VP Ran Hammer Says Future of Defi ‘Hinges on Liquidity Aggregation’
22.4.2024
Although decentralized finance (defi) platforms have traditionally focused more on maintaining liquidity and volumes in their respective pools, Ran Hammer, the vice president of business development at Orbs, believes that “the future of defi hinges on liquidity aggregation.” According...
Study: Q1 Spot-Traded Volumes of Top 10 Exchanges Nearly Double to $4.29 Trillion
19.4.2024
In the first quarter of 2024, spot trading volumes of the top ten centralized exchanges (cex) topped $4.29 trillion, a 95.3% increase from the previous quarter. Despite facing legal challenges Binance remained the largest cex platform with a market share of 50%. The top crypto asset manager...
Dogecoin20 Hits Uniswap, Rallies Over 100% In First Hour
18.4.2024
A new Ethereum-based Dogecoin alternative, Dogecoin20 (ticker: DOGE20) rallied over 100% less than an hour after landing on leading decentralized exchange (DEX) Uniswap. The frantic buying activity was driven largely by anticipation for Saturday, April 20, 2024, a day earmarked by the crypto...