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Indian Finance Minister Says Crypto Regulation Is a 'Working Priority' for Its G20 Presidency Next Month
1.11.2022
Indian Finance Minister Nirmala Sitharaman had earlier mentioned crypto would be on the agenda of its G20 Presidency starting next month for an year. On Tuesday she said framing crypto assets would be one of eight priorities that are still in the works
Porter Finance Team Returns for Second Shot at DeFi Bonds Project
1.11.2022
Three of the four team members at Porter Finance say the potential for on-chain bond issuances is still massive, months after the protocol was suddenly shuttered
Nigeria’s Central Bank Doubles Down on Plans to Introduce Newly Designed Naira Banknotes
31.10.2022
The Nigerian central bank was, on Oct. 29, forced to defend its controversial currency redesign plans, just a few days after they were publicly questioned by Nigerian Finance Minister Zainab Ahmad. The central bank insists the move is long overdue and urged Nigerians “to support the currency...
Team Finance hacker returns $7M to associated projects after exploit
31.10.2022
The individual who exploited the protocol intends to keep a 10% bounty of the stolen funds
Attacker Behind $14.5M Team Finance Exploit Returns $7M
31.10.2022
On-chain data shows that four projects affected in the attack received the stolen tokens over the weekend
Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency
31.10.2022
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better...
Terrorists are funding their horrible deeds with crypto: UN officials
31.10.2022
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, "advanced" terror organizations are turning to cryptocurrencies
DeFi vs. CeFi: What’s the Difference Between Decentralized and Centralized Finance?
29.10.2022
The crypto ecosystem is composed of both centralized and decentralized finance, two segments that offer various financial products and services. This guide will compare CeFi vs. DeFi and highlights their respective opportunities and drawbacks.
On the surface, centralized finance (CeFi) is similar...
Compound pauses 4 tokens to avoid price manipulation: Finance Redefined
28.10.2022
The last week of October turned bearish for the DeFi market despite the string of hacks, as the majority of the DeFi protocols registered bullish weekly gains
Here is why strong post-Merge fundamentals could benefit Ethereum price
28.10.2022
An increase in staked ETH, lucrative yield on liquid staked ETH tokens and deflationary tokenomics are possible bullish factors for Ethereum price
Fantom Network Launches Automated Smart Contract Audit System Watchdog to Monitor for Bugs
28.10.2022
On October 27, the Fantom Foundation announced a collaboration with the security and analysis platform Dedaub in order to bolster Fantom’s decentralized finance (defi) ecosystem. Dedaub’s monitoring system called Watchdog will monitor smart contracts on the Fantom blockchain for exploits and buggy...
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
28.10.2022
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work...
Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model
28.10.2022
Frax's dual token model will simplify DeFi integrations and supposedly allow users to earn above-average ether staking yields
Team Finance suffers an exploit of $14.5M
28.10.2022
Team Finance, a crypto liquidity provider, unveiled on Thursday that they have suffered a loss of $14.5M through a smart contract bug in its system. It said in a tweet that they are exploited through the v2 to v3 migration function, which was previously audited. Team Finance is actively working...
UniLend V2 Launched: Becomes 1st True Permissionless Lending and Borrowing Protocol
28.10.2022
PRESS RELEASE. Launching its much awaited V2 testnet on the Goerli chain today, UniLend team is looking to Revolutionise the Lending and Borrowing scene in the DeFi space. It is the first ever protocol which claims to “Make Every Digital Asset Productive”. Earlier, UniLend Finance CEO, Chandresh...
Team Finance exploited for $14.5M during protocol migration despite contract audit
27.10.2022
Hackers appear to have spent as little as 1.76 Ether to initiate the attack vector
Crypto News Summary: Binance Launches Oracle, UvToken and Team Finance Exploited, Blockchain.com Debuts Visa Card
27.10.2022
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: Crypto News Summary: Binance Launches Oracle, UvToken and Team Finance Exploited, Blockchain.com Debuts Visa Card
Does the IMF have a vendetta against cryptocurrencies?
27.10.2022
Is the multilateral lending institution throttling useful DLT experiments in the developing world, or is it saving crypto from itself?
Meta’s Metaverse Business Loses Over $3.5 Billion in Q3 2022
27.10.2022
Facebook-owner Meta recorded a loss of over $3.5bn in the third quarter of this year, as the company continues to burn cash on its new metaverse-related initiative.
Overall, Meta saw its revenue fall 4% in the third quarter, while expenses rose by 19% year-over-year to $22.1bn. Compared to...
Crypto Platform Team Finance Suffers $14.5M Exploit
27.10.2022
The platform has paused all activity till the exploit has been mitigated