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DeFi vulnerability leading to $6.7M exploit 'not detected' by auditors
13.11.2023
The project was previously audited by Trail of Bits and Hats Finance
The IRS Should Offer a Free Tax Reporting Tool to DeFi Users
13.11.2023
Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."
Today in Crypto: Bakkt Reveals International and Domestic Expansion, Justin Sun Offers 5% Bounty, Metaverse Platform ZEP to Build on Near
13.11.2023
Source: AdobeStock / Ascannio Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Investment news Digital asset marketplace Bakkt Holdings announced international and domestic expansion. Per the press...
Bitcoin Miners’ Daily Profits Top $44 Million, Reaches Highest Point Since April 2022
13.11.2023
Source: AdobeStock / Photocreo Bednarek The cryptocurrency market has recorded soaring prices in recent weeks sparking wins spanning across miners’ profits, decentralized finance (DeFi) numbers, and larger investor appetite. Global Bitcoin (BTC) miners have seen mining profits soar to new highs...
IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal
13.11.2023
The U.S. Internal Revenue Service (IRS) is gathering the final words now from a crypto sector that is arguing the agency's proposal for a digital-assets taxation regime is an existential threat to investor privacy and to decentralized crypto projects
DeFi Platform Raft Hacked for $3.3 Million, Attacker Burns Most of Stolen ETH – Here’s What Happened
11.11.2023
Source: Pixabay Decentralized finance (DeFi) platform Raft has suffered a hack resulting in the loss of approximately $3.3 million in Ethereum ( ETH). However, the attacker’s attempt to profit from the heist may have backfired, as they incurred a loss themselves. On-chain data reveals that...
Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE
11.11.2023
Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in companies across the digital assets spectrum including...
Raft Suffers $3.3M Exploit That Drove Down Stablecoin 50%, but Hacker Likely Lost Money on Attack
10.11.2023
Raft's R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit
Can Everyday Traders Trust DeFi's Automated Market Makers?
10.11.2023
Crypto Macro Weekly: Ether (ETH) Pumps 11% Above $2,100 as BlackRock Files For Spot Ethereum ETF as Broader Market Rally Continues
10.11.2023
Ethereum Logo Graphic / Source: Adobe Ether (ETH), the cryptocurrency that powers the smart contract-enabled Ethereum blockchain that remains the dominant chain in the DeFi, NFT and broader web3 industries, stole the spotlight from its bigger rival Bitcoin (BTC) this week, and was last up close...
Will GTA 6 Incorporate an In-Game Cryptocurrency? Lawyer Shares Insights
10.11.2023
Source: AdobeStock / Jimmy Tudeschi The highly anticipated Grand Theft Auto (GTA) VI is coming – but will it come with an in-game cryptocurrency? A lawyer has suggested that perhaps not. Yet. The fifth installment of GTA was launched in September 2013. Rockstar Games, GTA’s developer...
Spartan Capital Invests in DeFi Protocol Pendle in a Follow-on Funding Round
9.11.2023
Source: Medium/Spartan Group In a strategic move to boost the burgeoning landscape of decentralized finance (DeFi), Spartan Capital has announced its continued commitment to Pendle Finance through an over-the-counter (OTC) acquisition. We're excited to share that we have made a follow-on...
The Trading Tools Institutions Need to Enter DeFi
9.11.2023
Is it altseason? Altcoin 30-day performance and total market cap flash bullish
9.11.2023
3 key data points highlight the 60-day strength shown by altcoins
Polygon Labs Launches $85 Million Developer Fund to Attract Web3 Talent
9.11.2023
Polygon Labs launches major funding to draw blockchain developers. Image by akif, Adobe Stock. On Thursday, Ethereum scaling solution Polygon Labs announced the launch of an $85 million grant program with the goal of attracting top Web3 talent to build on its network. The initiative will provide...
Can Stablecoins Get Past Their Instability?
9.11.2023
Ritual Raises $25M for AI Decentralization, Targets Universal Access with DeFi Integration
9.11.2023
Ritual raises $25M to build a decentralized AI network. Image by ipopba, Adobe Stock. Ritual, a startup building a decentralized platform for artificial intelligence, has raised $25 million in a seed funding round. The funding was led by venture capital firm Archetype, with participation from Robot...
Cardano-Based DEX MuesliSwap Plans Refund Site for User Losses – What’s Going On?
9.11.2023
Source: Adobe / Who is Danny In a recent update, MuesliSwap, one of the most popular decentralized finance (DeFi) protocols on the Cardano blockchain, has announced its intention to launch a refund site to address concerns raised by users regarding losses due to high slippage over the past year....
Market share rises by 69% for opBNB, Binance announces support
9.11.2023
opBNB went live on mainnet recently and has already seen a massive rise in its market share. The jump is 69% jump for the Layer 2 solution of the BNB Chain. It is now the second most popular layer 2 solution in terms of DAU, 92,761. Additionally, Binance has announced that it will support deposits...
Crypto VC firm Spartan Capital invests in Pendle to drive DeFi growth
9.11.2023
After actively supporting Pendle since its launch in 2021, Spartan Capital has made a follow-on investment in Pendle Finance via an OTC purchase