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Bandana Wearing Cryptopunk NFT Smashes Records Selling for $23 Million in Ethereum
13.2.2022
The Cryptopunks non-fungible token (NFT) collection has seen a new record as the NFT Cryptopunk #5822 sold on Saturday for 8,000 ether or more than $23 million. The new owner of the NFT, Deepak Thapliyal, the CEO of a blockchain firm called Chain explained that he used leverage via Compound Finance...
These Are the Crypto Economy’s 10 Most Expensive Assets per Unit in 2022
21.1.2022
A lot has changed in regard to the prices of various crypto assets throughout 2021, as today’s top crypto assets look a lot different than they did 12 months ago. Moreover, the most valuable cryptocurrencies in terms of U.S. dollars per unit have also changed, and the top ten most expensive...
Hacked AscendEX to Reimburse Users, Says 'Relatively Small Percentage' Impacted
13.12.2021
Crypto trading platform AscendEX, formerly known as BitMax, which was hacked for an estimated USD 78m worth of digital assets on Saturday, intends to "100%" reimburse all the affected users.
Updating users on the incident, the AscendEX team said that hackers compromised one of the exchange's...
Genesis CEO Michael Moro Thinks Mistakes Keep Institutions Away From Defi
9.10.2021
CEO of trading firm Genesis, Michael Moro, stated that according to his views the decentralized finance (defi) space is still too risky for institutions to step in. Moro explained that there have been some important mistakes made by high-profile defi protocols that are putting customers’...
Compound crisis averted? Securing exposed COMP could be just the start
8.10.2021
Compound protocol has placed $150 million worth of COMP tokens at risk, but a bug fix is likely to remedy the situation after giving the community a scare
Compound unanimously passes proposal to repair bug
7.10.2021
Proposal 064 seeks to repair the token distribution bug introduced during Proposal 062 once and for all
Compound Facing More Problems: More Than $140 Million in Tokens up for Grabs
4.10.2021
Compound, one of the main cryptocurrency lending protocols on Ethereum, is facing serious problems again. According to banteg, a Yearn developer, someone called a function that moved more funds to be available for users to claim. Now, users can claim up to $140 million of the protocol’s...
Compounding problems: $65m more COMP at risk as devs wait for time-locked bug fix
4.10.2021
While Compound’s developers submitted a fix for the protocol’s bug on Sept. 30, the update won’t take effect until a seven-day time-lock on code updates has passed
Defi Platform Compound Bug Allows Users to Claim $88 Million in Tokens
2.10.2021
Compound, one of the trademark defi protocols on the Ethereum blockchain, is experiencing a bug that allows users to reclaim unusually high amounts of its native token. The issue was caused by the implementation of a proposal that modified the contract that awards tokens to users. Compound Labs...
Compound supply bug mistakenly rewarded users with $70M in tokens
30.9.2021
It is expected that the total figure of tokens could rise to north of $85 million
Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam
5.9.2021
At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled...
Five DeFi projects and Kraken tip in $250K each to support Eth2 client teams
25.8.2021
The Ethereum Foundation will pass the donations on to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind
Blockchain Groups From Major Universities Are Powerful Voters in Defi Governance Protocols
14.7.2021
Data shows a number of groups from major universities are participating in decentralized finance (defi) governance. For instance, out of 15 of the largest voters in Uniswap’s last governance proposal, six of the major voters were tied to universities like Harvard, Berkeley, Stanford, Penn...
Compound Launches Treasury to Introduce Institutions to Defi
30.6.2021
Compound, one of the leading defi-based protocols, is launching a new service called Treasury. Compound’s Treasury is a new product designed to help institutions enter the defi space. Launched in partnership with Circle and Fireblocks, it skips the uber astounding rates conventional defi...
Billionaire Mark Cuban Commends Defi Economy Dubbing It the ‘Next Great Growth Engine’
15.6.2021
On June 13, the billionaire investor and co-host of the television series Shark Tank, Mark Cuban, explained his fascination with decentralized finance (defi) in an editorial published to his blog. Cuban details that many defi organizations are different because they are not corporate entities...
Lending giant Aave set to launch liquidity mining program
24.4.2021
Can governance token distribution help Aave overtake Compound?
Celer (CELR), Cartesi (CTSI) and Compound (COMP) rally as DeFi heats up
6.4.2021
Aiming to reduce the cost of transacting within DeFi is attracting developers and investors to Celer Network, Cartesi and Compound
Compound to offer cross-chain borrowing via Gateway
4.3.2021
Cross-chain collateral will soon be available with Compound Finance
$24 million lost in second-largest day of DeFi liquidations
23.2.2021
The Feb. 22 crypto market flash-crash liquidated more than $24 million worth of DeFi loans. with Compound users representing more than half of the margin calls
Crypto Earning vs. Savings Accounts: How You Can Get Up to 17% Annually Holding Digital Assets
20.2.2021
The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well. While financial incumbents are giving people with savings accounts a measly 0.35% to 0.60%, digital currencies...