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Cypher Says Token Offering Part of Steps to Make Users Whole
25.8.2023
The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...
The Protocol: Coinbase Blockchain's Viral Use Case Puts Focus on Optimism's Tech
23.8.2023
The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase's new Base blockchain, Shiba Inu community's "Shibarium" network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
23.8.2023
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value
Is It Too Late to Buy Near Protocol? NEAR Price Blasts Up 5% and Viral Project Launchpad Uses AI to Find the Next 100x Crypto
23.8.2023
Layer-1 blockchain project Near Protocol (NEAR) has jumped up +8% so far this week, amid an emerging bounce that could see NEAR reclaim position atop the 20DMA.
This comes following almost four-months of bleak downside price action for NEAR, which has bled-out half its value (-50%) since April...
Quantstamp introduces tool to detect protocols’ flash loan attack vulnerability
23.8.2023
The new service, called Economic Exploit Analysis, uses University of Toronto research and will work on any EVM-compatible blockchain
Exactly Protocol Announces $700,000 Bounty For Information on Hacker
23.8.2023
Optimism-based Exactly Protocol that lost $7.3M million in a recent exploit is offering a bounty of $700,000 on any information that could lead to the arrest of the hacker and help recover lost funds.
The DeFi protocol revealed the cause of the exploit on August 19. The team behind Exactly...
BNB Chain Exploiter Liquidated for $30M on Venus Protocol
21.8.2023
This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly
Curve Crisis Averted, NFT Loans Protocol Now Votes on Next Steps
18.8.2023
JPEG’d DAO voters are deciding how to account for a $1 million bounty
DeFi Lender Exactly Protocol Exploited For $12 Million
18.8.2023
Optimism-based decentralized crypto lender Exactly Protocol suffered a bridge exploit as it lost as much as $12 million worth of ETH earlier today.
Blockchain security firm De.Fi reported that the hacker used an exploiter contract on Ethereum that transferred deposits to Optimism before ultimately...
Tether to Withdraw Support for USDT on Omni, Kusama, and Bitcoin Cash’s SLP
18.8.2023
Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash’s Simple Ledger Protocol (SLP). The company stated that one of the factors that affected this decision was the level of community interest in these...
Cypher Protocol reveals $600K of stolen funds is now frozen on CEXs
18.8.2023
Solana-based Cypher Protocol has managed to stop around $600,000 of stolen funds from exiting various centralized exchanges
The Protocol: Blockchains Keep Launching, From Sei to Shibarium
17.8.2023
In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted...
Cashtokens Upgrade 3 Months Out: BCH Developers Building NFT Creator Studio, Marketplaces, Wallets, and More
16.8.2023
With the Bitcoin Cash network’s May 15 Cashtokens upgrade now three months behind us, bustling development in non-custodial wallets, marketplaces, non-fungible tokens (NFTs), games, and other applications continues unabated. Paytaca wallet CEO Joemar Taganna notes that “improvements...
Increased Interest Rates Drive Maker Protocol's Revenues to 2-Year High of $165 Million
15.8.2023
The annualized revenue generated by the popular decentralized finance (DeFi) protocol Maker has risen to over $165 million, representing a 2-year high.
The strong development in revenue could be seen in data from Makerburn.com, which at the time of writing also showed that revenue had surpassed...
DeFi Protocol Zunami Loses Over $2.1 Million in a Major Price Manipulation Attack
14.8.2023
Decentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million.
The attack is the latest among the list of protocols affected by the recent vulnerability in...
Zunami Protocol confirms losing $2.1m after price manipulation
14.8.2023
Zunami Protocol recently confirmed a price manipulation attack costing the platform over 2.1 million dollars. The DeFi protocol stated that its LP (liquidity pool) on Curve Finance was attacked this weekend. Ironblocks and PeckShield, two blockchain security firms, were the first to report...
Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated
14.8.2023
Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack
Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion
13.8.2023
Binance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking platform.
The substantial funding from Binance Labs highlights Helio Protocol's promising potential...
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
11.8.2023
Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly $26 million worth of the USDC stablecoin....
Bitcoin Network’s Inherent Properties Can Be Leveraged to ‘Enhance the Security of PoS Chains’ — Babylon Chain CTO
11.8.2023
Fisher Yu, the co-founder and chief technology officer (CTO) at the bitcoin staking protocol Babylon Chain, has argued that when staking bitcoin, stakers “do not need to trust or give their bitcoins to any third parties.” According to Yu, such an attribute helps to “eliminate...