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Hack Summer Continues with Acala Becoming the 4th Victim in August, 'We’ll See More Attacks'
15.8.2022
A scorching hot decentralized finance (DeFi) hack summer continues, with the latest in a string of at least eight protocols to fall victim to an exploit since early June being Acala Network - and it is at least the fourth one in August alone. ...
Read More: Hack Summer Continues with Acala Becoming...
1inch Announces Partnership With KuCoin
12.8.2022
1inch recently announced a strategic partnership with KuCoin. The collaboration will see the KuCoin wallet being integrated into the 1inch API. It will result in 1inch launching its new native swap feature, allowing users to swap tokens across different networks at the best rates. KuCoin Wallet...
MakerDAO Founder Suggests ‘Seriously Considering’ Depegging DAI from USD
12.8.2022
MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.”
Writing in...
HypaSwap, the Upcoming DeFi Coin Crypto Analysts Believe Can Surpass Industry Leaders Such as Polkadot
10.8.2022
Decentralized Finance (DeFi) is a sector within the cryptocurrency industry that has recently gained mainstream attention for several reasons. DeFi provides valuable solutions to existing problems in the financial industry, such as inaccessibility, lack of transparency, third-party interference...
3 Cryptocurrencies That Will Make You Millionaire: Gryffindao, The Sandbox, and 1inch Network
10.8.2022
There is still a lot to learn about the technology behind cryptocurrency, despite its rapid rise to global acclaim. People’s interest in cryptocurrency has skyrocketed, and it is not only a hot topic among crypto enthusiasts anymore but also among financial institutions and organizations. Many...
Investors Scramble to Gnox as 2nd Presale Sells Out. ETH Whales May Rotate to BNB for This Opportunity
9.8.2022
Can a single finance application blow up an entire layer-1 blockchain like Binance Smart Chain? Gnox might have what it takes. When you think about it, there should only be two kinds of people buying and selling crypto. Long-term investors and short-term traders. Currently, long-term investors...
Goldfinch Becomes a Part of the Celo Alliance for Prosperity
9.8.2022
The Goldfinch community had already joined the Celo Alliance for Prosperity, a connection of Celo mission-aligned organizations dedicated to expanding local and international ecosystems in support of establishing the prerequisites for economic success for all. Members of the alliance strive...
Over USD 36M Returned to Nomad Bridge's Fund Recovery Address
9.8.2022
Over USD 36m has so far been returned to the official fund recovery address shared by Nomad Bridge, a cross-chain messaging protocol that was drained of USD 190m worth of funds last week in what many called "the first decentralized robbery."
According to Etherscan transactions, the recovery wallet...
Arbitrum One Announced Migrating to Nitro Mainnet on August 31
8.8.2022
Offchain Labs recently announced migrating Arbitrum One to Nitro mainnet. The migration will be carried out on August 31st, exactly one year after its beta was released. Nitro proposes a substantial technical upgrade, enabling changes across the stack. It will significantly elevate the experience...
LI.FI Integrates with Fuse Network to Boost Interoperability
5.8.2022
LI.FI has partnered with the Fuse Network to stand strong to the belief that the future is beyond one single blockchain with interoperability as the key driver. According to the integration terms, the users of Fuse gain access to the on/cross-chain swapping and bridge transfer mechanism of LI.FI...
USD 6.8B Pension Fund to Invest in Crypto Lending Market
4.8.2022
Indicating that some major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up...
Metis Integrates Chainlink Price Feeds for Precise Price Data
4.8.2022
Metis Andromeda recently announced integrating Chainlink Price Feeds in its ecosystem. The industry-leading Oracle solution will help smart contract developers to access high-quality price data on the platform. The integration will also allow developers to secure the apps with decentralized price...
FitR to Complete INO and IDO on NFTb Using Its DeFi as a Service
3.8.2022
FitR, a Web3 lifestyle app promoting healthy and active living, has chosen to complete an INO and IDO with the help of NFTb’s DeFi as a Service. It is indeed an announcement worthy of making, and NFTb has done just that. To properly understand what exactly is in the offing for all health-conscious...
Nomad DeFi Bridge Drained of At Least USD 150M in 'Chaotic' 'Decentralized Robbery'
2.8.2022
Cross-chain messaging protocol Nomad, which allows users to send and receive tokens between different blockchains, was drained of at least USD 150m after experiencing a security exploit that allowed bad actors to spoof messages. ...
Read More: Nomad DeFi Bridge Drained of At Least USD 150M...
Floki Ecosystem Introduces FlokiFi: The Future of DeFi Solutions
1.8.2022
The Floki community seems to be very enthusiastic for a really long period of time about “Project L,” an unexplained utility protocol that they have been developing. We must first discuss FlokiFi before we delve into what Project L is. A group of decentralized finance products that will...
Parallel Capital Is the New Borrower for Clearpool
29.7.2022
Clearpool published a blog post to announce that it has a new single borrower pool – Parallel. It will be available soon on the Clearpool Polygon Market. The pool is being launched by Parallel Capital, a high-frequency trading firm. Parallel Capital was founded in 2018 as an algorithmic...
Eden Network Launches yyAVAX On Avalanche With Align Incentives
29.7.2022
Eden Network has announced the launch of yyAVAX, a liquid staking product, in partnership with Yield Yak and Geode Finance on Avalanche. The new product launched is a yield-bearing derivative awarded to AVAX token stakers. Native tokens are often required to be staked by users to secure...
Solana Team Set to Open Doors of a Physical Store in New York to Promote Solana and Web3
28.7.2022
The team behind open-source blockchain Solana (SOL) is readying to open its physical store in New York City, USA, to the public, in a bid to promote the Solana blockchain and Web3 at large.
The store, dubbed Solana Spaces, is located at a mall in Hudson Yards and was launched in collaboration with...
US GPD Slips Again, Another DeFi Protocol Attacked, Zipmex Seeks Protection + More News
28.7.2022
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: US GPD Slips Again, Another DeFi Protocol Attacked, Zipmex Seeks Protection + More News
Nervos Foundation Offers Grant to Encentive
28.7.2022
The Nervos Foundation has announced that it has offered Encentive a grant to integrate its turn-key, multichain dApp building platform with Nervos Layer 2 Godwoken. Once integrated, it will extend the capabilities of Godwoken mainnet to those who continuously use Encentive to create and customize...