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Heco Bridge Breach Drains $86 Million — Justin Sun’s HTX-Linked Venture Faces Major Security Setback
22.11.2023
Numerous sources have reported that the Heco Bridge, a cross-chain conduit linking Ethereum with the Heco blockchain, has suffered a security breach, resulting in a loss of $86 million. Subsequent to the heist, the stolen funds were redirected to various decentralized exchange (dex) platforms....
Aragon DAO Backs Lawsuit Against Founding Team, Allocates $300,000 in Funding
22.11.2023
Image source: Adobe Stock Aragon DAO, a decentralized autonomous organization, has passed two votes that support a lawsuit against its founding team, allocating $300,000 in funding for the legal battle. The voting process saw unanimous approval for the proposal, with 1.6 million governance tokens...
De.Fi 2.0: Revolutionizing SocialFi & Antivirus, Secures $5 Million in Funding
21.11.2023
Source: Adobe / BeNeDak De.Fi, a platform that describes itself as a “SocialFi & Antivirus SuperApp,” has achieved a major milestone with the introduction of decentralized finance (DeFi) platform De.Fi 2.0, along with an ongoing public sale of its DEFI token. So far, the project...
Centralized vs. decentralized orders matching on DEXs
21.11.2023
Centralized and decentralized order batchers are central to this discussion, each representing a different approach to order matching
Orion’s All-in-One Trading Terminal Aggregates Crypto Liquidity
21.11.2023
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The crypto market today comprises hundreds of centralized exchanges, decentralized exchanges, AMMs, aggregators, and blockchains. Across Layer1s, Layer2s...
Dfinity Foundation and Singularitynet Partner to Transform Decentralized AI with Blockchain Integration
20.11.2023
The Dfinity Foundation and Singularitynet have announced an initiative to merge the Internet Computer blockchain with Singularitynet’s marketplace. This collaboration aims to transform the accessibility and transparency of decentralized large language models. By integrating these advanced...
Dfinity taps SingularityNET to bring AI services to DApps
20.11.2023
SingularityNET CEO Ben Goertzel said it’s important to make AI systems available in decentralized networks and not controlled by elite groups
Defi’s 30-Day Rise — TVL Increases by $9.3 Billion With Rocket Pool Leading the Pack
20.11.2023
Since October 18, 2023, the aggregate value locked in decentralized finance (defi) has witnessed a substantial augmentation of $9.3 billion within a one-month span. Among the leading ten defi protocols, Rocket Pool, known for its liquid staking services, achieved the most notable growth, soaring...
Thorchain Rises to Third in Decentralized Exchange Rankings, Hits $1.8B Weekly Trade Volume
19.11.2023
In the past week, trading activity on the decentralized exchange (dex) Thorchain has experienced a significant surge, reaching $1.854 billion in trade volume. Data shows that Thorchain is currently the third-largest dex in terms of volume, following the popular dex protocols Uniswap...
dYdX raises margin requirements in some markets, bans “highly profitable trades”
19.11.2023
The decentralized exchange increased margin requirements on several markets on Nov. 18, after an alleged targeted attack on the YFI token triggered massive liquidations
dYdX DEX and YFI Token Hit by $9 Million Targeted Attack – Here’s What Happened
19.11.2023
Image Source: Unsplash Decentralized exchange dYdX has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange. In a Saturday post on X (formerly Twitter), the dYdX team said that the v3 insurance fund was deployed...
Jupiter to Roll Out First Phase of Major Airdrop: 1 Billion JUP Tokens to Reward 955,000 Solana Wallets
17.11.2023
The decentralized exchange (dex) Jupiter has unveiled specifics regarding the distribution of the first 10% tranche of its community airdrop, encompassing 1 billion jupiter (JUP) tokens from a total pool of 10 billion. This initiative is designed to honor 955,000 distinct Solana wallets that...
Sushi Makes DeFi History with Native Bitcoin on ZetaChain
17.11.2023
Source: Adobe / David Decentralized finance (DeFi) protocol Sushi has made history by adding support for the use of native Bitcoin (BTC) on its protocol through an expansion to ZetaChain. The move, announced by Sushi in a blog post on Thursday, will allow users to seamlessly swap BTC across...
AI Crypto Coin Cogwise Allows Users to Easily Create Their Own Tokens and dApps, and Offers 116% Presale Upside
17.11.2023
New crypto presale project Cogwise will utilize artificial intelligence and blockchain technology to allow users to easily generate their new tokens, access advanced trading tools, and develop decentralized apps. The project, which recently smashed past the $1 million barrier, is enjoying a hugely...
BUIDL For Web3 Summit 2023: Igniting a Decentralized Internet Revolution
17.11.2023
Ushering the collective Web3 diaspora to the “Silicon Valley” of India, Lumos Labs and BuidlersTribe bring the BUIDL for Web3 Summit 2023, a gripping one-day event catering to holistic Web3 growth by enabling opportunities across the board. Presented by Bitget, a leading global crypto derivatives...
DeFi Market Concentration: Gauntlet Data Reveals Few Major Projects Dominate the Industry
16.11.2023
Image Soure: Adobe A limited number of participants are currently dominating decentralized finance (DeFi), the sector aiming to recreate financial markets without intermediaries. According to data gathered by Gauntlet, a crypto-risk modeling company, most categories within DeFi, such...
Pancakeswap Introduces ‘Pancake Mayor’ in New Gamefi Venture
16.11.2023
Pancakeswap, the crypto exchange and decentralized finance (defi) platform, is stepping into the world of game finance (gamefi) by introducing its own gaming marketplace. The marketplace is spearheaded by “Pancake Mayor,” a city-building simulation game developed by Binaryx....
Crypto Exchange PancakeSwap Expands into Gaming with New Marketplace – Earn CAKE for Playing Games?
16.11.2023
Source: pancakeswap.games Decentralized exchange (DEX) PancakeSwap has launched its Gaming Marketplace, enabling developers to directly build, publish, and update games on the platform to an audience of 1.5 million potential players. Per the announcement, the platform is also a hub for...
Solana (SOL), Avalanche (AVAX) and dYdX produce double-digit gains as Bitcoin reclaims $37K
15.11.2023
SOL, AVAX and DYDX rank among the top-performing altcoins this month. Cointelegraph investigates what is behind the move
White Hat Hackers Awarded $300K After Uncovering Critical Chainlink VRF Vulnerability
15.11.2023
White hat hackers earn $300K Chainlink bounty for responsibly disclosing critical VRF vulnerability. Image by ZayNyi, Adobe Stock. Decentralized oracle network Chainlink recently awarded white hat hackers Zach Obront and Or Cyngiser of Trust $300,000 for uncovering a critical vulnerability in...