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KyberSwap & Multichain integration eases DEX
31.10.2022
KyberSwap has successfully integrated with Multichain with the specific aim and intention of directly benefiting all of its users who are on board. However, this effectively plays out by providing users with a much smoother and simplified path laid down for connectivity purposes with the KyberSwap...
Team Finance suffers an exploit of $14.5M
28.10.2022
Team Finance, a crypto liquidity provider, unveiled on Thursday that they have suffered a loss of $14.5M through a smart contract bug in its system. It said in a tweet that they are exploited through the v2 to v3 migration function, which was previously audited. Team Finance is actively working...
Just like iOS vs. Android, DeFi developers are in need of an easy to use programing language
28.10.2022
Writing smart contracts for decentralized applications is a complex task that can benefit from a vastly more simplified development environment. Just as writing software applications for iOS is far easier than building for Android, DeFi-focused blockchain Radix promises to radically simplify...
JPMorgan Exploring Digital Identity Wallets in Web3
27.10.2022
Major investment bank JPMorgan is exploring a future in “the new web” that would see users “freely traverse across digital realms in a trusted way, all using one digital identity in multiple places.”
More precisely, it is exploring the idea of a digital wallet, or a Web3 digital ID offering. It...
Aries Markets Mainnet is all positioned to go live
27.10.2022
Aries Markets is in the process of carrying out a soft launch as a part of their newly launched Aries Markets devnet. However, this has taken the company many months of deliberations and the process of trial and error to breathe life into its creation finally. Therefore, it is not at all surprising...
Sam Bankman-Fried faces flak for DeFi regulation
21.10.2022
Sam Bankman-Fried drew serious flak from stalwarts and individual players involved in the blockchain and cryptocurrency arena. However, this incident occurred post the declaration announcing a proposal, mentioning certain regulations to be attached to the functioning of DeFi. The entourage...
Aptos creates dissatisfaction on entering the layer 1 race
20.10.2022
Aptos, which is a much-spoken-about Layer 1 blockchain, came on live the day before. It declared its plans to enter the already crowded Layer 1 race. This information has set the ball rolling for much uneasiness and doubts created in the overall marketplace. At the commencement of trading...
Hacker Steals $8.4 Million from Moola Market DeFi Protocol
19.10.2022
As cybercrime continues to be an important subject in the decentralized finance (DeFi) sector, the latest incident sees Moola Market being exploited for over $8.4 million. In a surprising turn of events, the majority of these funds were later returned.
“First off, we're buoyed by the fact that...
Frax to publicly release Frax Ether (frxETH) protocol
19.10.2022
Frax Finance, as part of its imminent plans, will be in the position of officially delivering its very own liquid staking protocol. However, this will be carried out with the aim and intention of enabling all of its users to be able to successfully mint an ether-copied token. This token will go...
Snowfallprotocol.io (SNW) is on its way to overcoming Ripple (XRP) and DeFiChain (DFI)
17.10.2022
The crypto market has many instances where it is more susceptible to problems, but often, it is an excellent investment. But what exactly makes it so? It’s good that you ask because some cryptocurrencies offer big rewards, less risk, and various services. Now, you must realize that there...
Timeless Finance’s Bunni protocol makes Uniswap v3 liquidity composable
17.10.2022
The tokens have encouraged integrating Uniswap liquidity into different apps. Using former staking contracts, it aims to replace bespoke contracts to incentivize Uniswap v3 liquidity. The new venture also made borrowing collateral easy by using Uniswap liquidity. This protocol has made the...
Interest Protocol partners with Chainlink BUILD
14.10.2022
Interest Protocol published an official blog post to share the news with the community that it has partnered with Chainlink BUILD to boost its adoption on Ethereum. Chainlink will offer enhanced support to the protocol, including access to its oracle solutions. Interest Protocol, in return, will...
Solana network suffers another $100M scam at Mango Markets
13.10.2022
A decentralized blockchain Solana has suffered several exploits over two months. While the rest of the market was busy trading digital assets, the Solana network was experiencing a scam through its Phantom wallet. Mango Markets is a decentralized high-performance blockchain having headquarters...
SupraOracles forms a partnership with UniLend Finance
12.10.2022
SupraOracles takes immense pride and pleasure in successfully making their official declaration of them and gainfully forming a partnership with UniLend Finance. This entity happens to be a multichain protocol. Its unique feature stems from the very fact that one and all viable and interested users...
SynFutures Bonding With Chainlink VRF on Polygon Mainnet
11.10.2022
The entire team at SynFutures is extremely pleased and takes great pride in announcing that they have joined hands in a mutually beneficial merger with Chainlink Verifiable Random Function (VRF) on the Polygon mainnet. Now, with the act and decision of coming together, SynFutures will find...
Billionaire Chamath Predicts This Crypto Sector Will Transform All Financial Assets
10.10.2022
Billionaire investor Chamath Palihapitiya believes that decentralized finance (DeFi) will eventually allow people across the world to monetize and financialize all of their assets, allowing to place them on the blockchain.
Palihapitiya, who is a former vice president at Facebook, is currently best...
Lido Finance Expands onto L2 Solutions with wstETH Farms on KyberSwap
10.10.2022
Lido Finance [LDO], the top Ethereum [ETH] stake platform, announced the debut of Ethereum, holding on layer2 scaling alternatives with token bridging to Arbitrum One plus Optimism on KyberSwap in a sequence of posts on Twitter on October 6th, 2022. Each stETH token represents one ether (ETH) token...
Sovryn Network Encounters First Successful Attack After 2 Years
10.10.2022
Sovryn Network recently announced encountering a successful attack after two years of operation. Safety measures placed on the platform kept the exploit limited, resulting in a substantial recovery of funds. The attack was aimed at the legacy Lend protocol to withdraw funds illegally. Developers...
InfinitySwap Collaborates With Canister App
10.10.2022
InfinitySwap, a well-known real-time crypto update platform, is paired with Canister App, a decentralized platform to provide enhanced features and a developed Internet Computer ecosystem. Max Chamberlin, CEO of InfinitySwap, said their vision is to provide people with access to the best...
Aave Utilizes Forta for All Safety and Controlling Issues
7.10.2022
Forta is extremely enthusiastic and takes immense pride and pleasure in making their grand announcement of the very fact that Aave, which happens to be one of the many top-notch DeFi protocols, is utilizing the services and potential of Forta to be able to successfully and very effectively...