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Multichain Losses Reportedly Exceed USD 3M As Critical Vulnerability Remains Unsolved
20.1.2022
Losses of the cross-chain router protocol (CRP) Multichain have reportedly exceeded USD 3m as the protocol is still prone to additional hacks and exploitation.
Tal Be’ery, co-founder of the crypto wallet app ZenGo, claimed that the "hack is far from being over." He added that hackers have...
Top Risks for DeFi Users and Investors According to Moody's and Gauntlet
19.1.2022
Decentralized finance (DeFi) is rapidly evolving, but insufficient transparency, a lack of shared awareness about its risks, and methods to measure and mitigate those risks continue to pose challenges to its users, according to a report by international risk assessment firm Moody’s.
Prepared...
BitDAO Community Sponsors Chainlink Price Feeds Launch for BIT Token
19.1.2022
The BitDAO community recently sponsored Chainlink Price Feeds’ launch on Ethereum privately. After the launch, the price feeds will act as a decentralized oracle for the BIT token. It will also optimize the trading of BIT on derivative and sport decentralized exchanges. Moreover, it will promote...
Opera Launches Web 3 Browser With Built-in Non-Custodial Wallet
19.1.2022
The popular multi-platform web browser Opera has unveiled its “Crypto Browser Project” meant to offer users direct access to Web 3 services across multiple networks. The project's beta version is already available with a built-in non-custodial wallet for Windows, Mac, and Android users....
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SundaeSwap and the ISO to Go LIVE on Thursday
17.1.2022
The long-awaited moment has arrived! The information about the launch of SundaeSwap DEX is presented in an easy-to-understand format below. Important Dates and Points to Remember: SundaeSwap will go live as a completely operational beta decentralized exchange on 20 January Thursday. The 1st round...
DMEX Has Reached a Strategic Partnership with Channels
13.1.2022
On January 11, 2022, DMEX, the decentralized mining platform has made an announcement about its strategic partnership with channels. Channels is a decentralized lending portal that gives special importance to the security of its users. Not only this, but it also supports LP smart staking pool...
Panther Partners with ShapeShift to Add Interoperable Privacy to DeFi and Web3
13.1.2022
The Panther Protocol is collaborating with ShapeShift. ShapeShift has implemented new steps recently, shifting from an exchange aggregator to a complete crypto management portal and announcing its complete decentralization. The collaboration between the Panther and ShapeShift will help in...
Thorus Aims to Become the First DEX on the Moonbeam Network
12.1.2022
Thorus, a leading name in the DeFi domain, is now extending its capabilities to become the first automated market maker (AMM) decentralized exchange on the Moonbeam. This development is expected to expand the number of innovative products. Thorus has partnered with Multichain to help the former...
Centralization Caused Most Decentralized Finance Hacks in 2021
12.1.2022
Centralization issues have emerged as the main attack vector in decentralized finance (DeFi), facilitating the largest share of the hacks -- with USD 1.3bn worth of user funds stolen in 44 DeFi attacks last year, according to a recent report by security-focused ranking platform CertiK.
CertiK’s...
Seamlessly Bridge To Fantom With FundMovr!
7.1.2022
With the burst of a large number of blockchain technologies, there is no doubt that the future will hail the one that offers cross-chain interaction to its users. Interoperability will be vital to growing in the market. FundMovr, a metabridge, has taken the lead in this case. It now supports...
ClaimSwap Achieve a Growth of 150% in Active Wallet Users
6.1.2022
A little over two weeks into its launch, ClaimSwap has received an impressive boost in terms of acquiring new users and investors on its platform. According to the latest statistics, the growth registered by the swopping platform is around 150% when compared to the previous week. This exponential...
Aave's Permissioned DeFi Arc, Polymarket Stays, P2E Drones in Metaverse + More News
5.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Aave's Permissioned DeFi Arc, Polymarket Stays, P2E Drones in Metaverse + More News
WazirX is conducting a grand EZ giveaway worth $47,510!
5.1.2022
Overview of the EZ project EasyFi (EZ) is a DeFi or Decentralized Finance lending protocol, enabling collateralized lending by using Plasma to enhance user experience. The Ethereum-based EZ network is Blockchain agnostic and allows cross-chain settlements of assets. This Ethereum-compatible network...
Tempus Finance Has Has Partnered with Rari Capital
4.1.2022
Tempus Finance and Rari Capital have partnered for the benefit of the users. Their partnership will be effective from January 17, 2022. The update was announced by Tempus Finance. After the implementation, users will have two options to earn yield through the partnership. More details have been...
ETH White Paper Made the Right DeFi Prediction but Missed NFTs
3.1.2022
Vitalik Buterin, the co-founder of ETH, recounted all his previous year predictions, presenting his skills of giving out the right result about the on-production development of software issues. In his Twitter thread, Vitalik shared his article written on 23rd July 2013, highlighting the benefits...
Airdrops Delivered Windfalls and Drama to Diligent Defiers
31.12.2021
Is there a way to earn cryptocurrency without actually paying for it? Yes, it is possible to earn up to several digits in cryptocurrency without actually buying the coins. The airdrop in the crypto world is a popular promotional strategy that offers free tokens to the wallet. Now, this would be...
Aave-DeFi Lending Protocol Takes Real-World Assets as a Part of Collateral
30.12.2021
Decentralized finance acts as a closed system. Cryptocurrency owners show their crypto in the form of collateral to get loans in dollar-pegged stablecoin, further using it for the DeFi projects. However, the entire closed-loop has opened a bit after Aave lending regulations announced their plans...
Thorstarter Enters Partnership with Maya Protocol
29.12.2021
Thorstarter, the hybrid IDO launchpad, recently announced a partnership with Maya Protocol. The unique launchpad has joined hands with an equally unique CosmosSDK-backed replicated state machine. The partnership will see the ventures promote multi-chain DeFi, boosting DEXs’ use-case globally....
Aave and Centrifuge Launch 'Real World Assets' Market
29.12.2021
Popular decentralized finance (DeFi) protocol Aave (AAVE) has partnered with decentralized operating system Centrifuge to launch a new market called Real World Assets (RWAs), which would enable users to earn yield against real-world assets.
Prior to this, Aave users could only borrow and lend...
DeFi Shined in a Mad, Mad, Mad, Mad Year in Crypto Markets
28.12.2021
The cryptocurrency market has recently created a unique standard for wealth creation, volatility as well as sheer craziness. Observers watched in awe at the market capitalization of cryptocurrency surpassing $3 trillion. Observers were also equally surprised to see doggy tokens, gaming tokens,...