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DeFi Lending Protocol Fortress Loses All Funds in Oracle Price Manipulation Attack
9.5.2022
Fortress, decentralized finance (DeFi) lending protocol with an algorithmic money market and a synthetic stablecoin, has suffered an oracle price manipulation attack that resulted in the loss of all of its funds.
"Fortress has been hit with what we believe is an oracle manipulation attack...
Uniswap Has Deeper Liquidity Than Coinbase & Binance, Uniswap Co-Authored Study Claims
6.5.2022
The popular decentralized exchange (DEX) Uniswap (UNI) has deeper liquidity in several important crypto trading pairs than even the largest centralized exchanges such as Binance and Coinbase, according to a new study, co-authored by a researcher at Uniswap....
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Polkadot is Now a Fully Interoperable Multichain
6.5.2022
Polkadot recently completed its upgrade that facilitates parachain-to-parachain messaging on the network. The platform is using XCM cross-consensus messaging to enable the same. This latest upgrade allowed the Polkadot parachain network to officially become a completely interoperable multichain...
Orbs Adds Coin98 Crypto Wallet for Staking from Tetra
6.5.2022
The blog post shared on the Orbs website confirmed that the Coin98 crypto wallet is officially added for ORBS staking. Orbs holders can use the easy-to-use staking interface directly for the Coin98 mobile available in both Android Play Store and Apple App Store. Staking has become one of the most...
Top DeFi Coins 2022: Avalanche, Tezos, & Logarithmic Finance!
5.5.2022
To be a part of this era’s crypto explosion would be a dream come true. The cryptocurrency market is as enticing as it has ever been to investors, and the global movement is rapidly growing. Logarithmic Finance (LOG) is a new cryptocurrency with many goals, and it seems to be a viable...
Aurora Bringing EVM to XP.NETWORK with Latest Partnership
2.5.2022
XP.NETWORK recently announced a strategic partnership with Aurora, a visionary network. The integration will add Aurora to XP. NETWORK’s bridge family, as it is currently the most successful chain on NEAR. The chain has showcased its potential by surging by 750 within only six months....
DeFi Transactions at One-Year Low, NFTs and Games Standing Strong
29.4.2022
Transactions related to decentralized finance (DeFi) applications have hit a one-year low, with DeFi being the niche within crypto that is most affected by this year’s downturn in crypto prices, a new report from the decentralized application tracking site DappRadar has said....
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Siren Integrates Chainlink Services to Improve User Experience
28.4.2022
Siren recently announced equipping multiple Chainlink services to improve its DeFi user experience. Chainlink Keepers and Chainlink Price Feeds are among the equipped services. With Chainlink Keepers, the DeFi protocol will improve the functionality and reliability of Siren vaults. Similarly...
Deus DAO Exploited Again, Loses Reported USD 13M+ in Flashloan Attack
28.4.2022
Another day, another exploit. Deus Finance DAO seems to have lost at least USD 13m in its own latest flashloan attack.
The project which describes itself as a “decentralized bilateral OTC [over-the-counter] derivatives platform” has confirmed the attack, claiming that user funds are safe,...
Polygon’s Records Six-Fold Growth in dApps Since Last October
27.4.2022
Polygon, the layer-2 scaling solution for Ethereum, has been making some big moves in the industry lately. As the various arms of the blockchain constantly bring in new projects, Polygon has reached a new milestone with the dApps. Reportedly, the number of dApps on Polygon has reached 19,000 in...
Optimism Moves Toward Decentralized Governance Structure With OP Token Launch
27.4.2022
Ethereum (ETH) Layer 2 (L2) scaling solution Optimism has announced the launch of its OP token that would further help the initiative move toward a decentralized governance structure known as the Optimism Collective.
Optimism Collective is a bicameral governance system built to push the...
Oikos to Enable End-to-End Decentralized Reward Distribution via Chainlink Keepers
26.4.2022
Chainlink Keeper comes to the assistance when a client seeks to avail of smart contract options in a trust minimized manner, which is decentralized. Maintenance tasks for the Chainlink Keeper network relate to Liquidating and Harvesting, among many others. Another way to look at Chainlink Keeper...
USDC Could Topple USDT From Top as Institutions Favor It
25.4.2022
Stablecoins are an integral part of the crypto market as they are the haven that protects them from dangers like high volatility. As per the reports from Huobi, stablecoins have been more than just a hedging tool and helped bring more assets into DeFi lately. They have greatly accelerated...
Yeti Posts $500 Million TVL in 24 Hours After Launch on Avalanche
20.4.2022
DeFi has grown large enough to offer everything a traditional finance firm could offer in the last few years. The DeFi borrowing protocol is the recent addition to this list and brings tonnes of benefits one can only seem of in TradFi. Yet is one such borrowing protocol built in the Avalanche...
IMF’s DeFi Governance Recommendations Include These Two Steps
19.4.2022
The International Monetary Fund (IMF) has proposed a series of measures aimed at regulating the decentralized finance (DeFi) sector.
The body spelled out its preliminary recommendations in the latest chapter of its Global Financial Stability report, which is entitled “The Rapid Growth...
Lazarus Gets Banned by Tornado Cash for Hacking $600 Million From Axie Infinity’s Ronin Bridge
19.4.2022
Tornado Cash is a decentralized protocol that allows users to have a private Ethereum transaction on the network. Tornado Cash breaks the on-chain link between the source address and the destination address to keep transactions private. A smart contract is deployed to execute the private...
SEC Faces Storm of Criticism from Crypto Sector, Lawmakers over ‘Exchange’ Re-definition Plans
19.4.2022
The United States Securities Exchange Commission (SEC) and its Chairman Gary Gensler have received a slew of letters from pressure groups and parliamentarians voicing their concerns about proposed amendments to the Exchange Act, established in the 1930s. The agency plans to expand the legal...
'Crypto is Dead. Long live Crypto': Veteran DeFi Developer Andre Cronje Urges More Regulation
18.4.2022
“Crypto is dead. Long live Crypto,” the veteran decentralized finance (DeFi) developer and creator of early DeFi protocol Yearn.Finance (YFI), Andre Cronje, opened a new blog post by saying. He went on to argue that more regulation is needed in the space in which he might have earned significant...
Allbridge Introduces DeFi to the XRP Ledger
15.4.2022
DeFi is based on open-source technology for the generation that thrives on the internet on the go. It brings together the world of finance and decentralization to give more control & visibility to users over their money. The global decentralized financial system allows users to trade, save,...
North Korea’s Lazarus Group Behind Axie Infinity's Ronin Hack, Say US Treasury, FBI
15.4.2022
The United States Treasury Department has sanctioned an ethereum (ETH) address that it says received coins stolen in the Ronin Bridge hack – and the FBI has claimed that the North Korean Lazarus group of hackers was behind the security breach....
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