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Cream Finance Suffers USD 25M Flash Loan Attack


Decentralized finance (DeFi) project Cream Finance (CREAM) confirmed that they've suffered an exploit today. "C.R.E.A.M. v1 market on Ethereum has suffered an exploit, resulting in a loss of 418,311,571 in AMP and 1,308.09 in ETH, by way of reentrancy on the AMP token contract," the team...

Crudeoil Finance Enters Into a Strategy-Based Partnership With Shibanova


Users were overjoyed to learn that Crudeoil Finance partnered with Shibanova, one of the most well-known initiatives in the Binance Smart Chain field. Shibanova has already been working on a full ECO system centered on the Binance Smart Chain, which comprises a DEX (AMM), farming system, and other...

Chips In Consoles Get Pricier, Could Make Them Even Harder To Score


The global semiconductor industry suffered a potentially significant setback this week when Taiwan Semiconductor Manufacturing Co. (TSMC), a preeminent chip manufacturer that counts the likes of Apple, Toyota, and other global firms among its client list, announced a price hike for its suite...

Penguin Finance Integrates Chainlink Verifiable Random Function


In an important move, the Chainlink Verifiable Random Function (VRF) has been integrated by Penguin Finance. Penguin Finance is a well-known gamified hub on the Avalanche blockchain. By using the capabilities of VRF, it will be able to offer completely tamper-proof random numbers to choose...

Beefy Finance and ONTO to Host Program to Mine Liquidity


ONTO and Beefy Finance recently collaborated on a BIFI and AMA contest. The market valuation of Beefy Finance is about $1,120, with a 24-hour transaction volume of $1,451,393. This event will come as a huge boost for the current customers because it will be extremely profitable for them. ONTO...

Klaytn Enters Into a Collaboration With Beyond Finance


Beyond Finance made headlines with the latest announcement of its partnership with Klaytn. This comes with the aim to incorporate decentralized trading of synthetic assets into the Klaytn ecosystem, thereby making the procedure accessible to millions of existing Klatyn users. As a result of...

What is DeFi, and How Can It Interrupt the Finance Market?


Disclaimer: The text below is a press release that was not written by Cryptonews.com. As the crypto market keeps booming, breaking highs and lows, new protocols keep coming in place. The sole purpose of these innovations is to streamline crypto transactions and incorporate nascent protocols in...

Impossible Finance Makes Headstart With OpenSwap for DeFi Launchpad


August 18, 2021 — OpenSwap becomes the pristine addition to a feature on the recently developed launchpad of esteemed multi-chain DeFi incubator Impossible Finance. With this novel project added to its launchpad, Impossible Finance has heralded on a potentially cosmic DeFi ecospace.  OpenSwap...

Unbound Finance Launches Polygon-Based CrossChain Stablecoin


Unbound Finance, which specializes in minting UND stablecoins, will attempt to increase the fungibility of the automated management systems based on Polygon by employing Polygon’s high-speed, uncomplicated technology. The Polygon Network is set to become the launchpad for the earliest stablecoin...

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