Tag: DeFi
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Celo Community Considers Transitioning to Ethereum Layer 2
The Celo community is currently engaged in discussions and seeking feedback on a proposal that could potentially bring Celo back to its roots on the Ethereum blockchain. The proposal suggests…
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MEME Coin Factory Led to $400K Worth of Rug Pull
@DeDotFiSecurity Has reported a wallet has been discovered that profited over 200 $WETH, equivalent to approximately $400,000, through a series of rug pulls in the cryptocurrency market. The scammers behind…
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Algofi, Leading DeFi Protocol in Algorand Ecosystem, Ceases Operations
Algofi, the prominent decentralized finance (DeFi) protocol operating within the Algorand ecosystem, recently made a surprising announcement that it will be discontinuing its operations. The protocol, which gained significant attention…
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Exciting Developments are on the Horizon for Shiba Inu as Shibarium Launch Approaches
Shiba Inu as the highly anticipated launch of Shibarium, the project’s Layer 2 blockchain, approaches. With the official release date expected to be announced during the Blockchain Futurist Conference in…
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Grayscale Adds Lido $LDO Token to DeFi Fund
Grayscale, the leading digital asset management firm, has made a significant adjustment to its investment portfolio of decentralized finance (DeFi) funds. In this latest move, Grayscale has added the Lido…
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DeFi Protocols Reduce Losses to Hacks by 58% in Q2 2023
Certik reported DeFi protocols’ losses to hacks and cybersecurity breaches have shown a significant decrease by 58% in the second quarter of 2023. This exciting development points out that the…
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Multichain-Bridged Tokens Deposits and Withdrawals Suspended on Binance
Binance, one of the leading cryptocurrency exchanges, revealed that it would be suspending support for deposits and withdrawals of certain Multichain-bridged tokens. This decision comes as a result of the…
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PolyNetwork’s Alleged Hacking Spree and Unprecedented Asset Issuance
PolyNetwork, a premier interoperable protocol, finds itself under suspicion of being subjected to a hacking. Recent evidence has emerged pointing to the abnormal issue of enormous assets across multiple chains….
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Dev Accuse Uniswap of Limiting Open Source Access to Code
DeFi developers are expressing their frustration with Uniswap, the top decentralized cryptocurrency exchange, after it implemented a Business Source License (BSL) for its latest release. The move prevents other developers…
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Brazil Passes New Law Regulating Cryptocurrency
Portaldobitcoin reported Brazil has passed a new law aimed at regulating the digital asset market. The law designates the country’s central bank as the primary regulator, granting it the authority…
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MakerDAO Reports Record Annualized Income of $95 Million
MakerDAO, one of the leading decentralized autonomous organizations (DAOs) in the cryptocurrency space, has recently achieved a significant milestone. According to data from makerburn.com, MakerDAO’s annualized income has reached an…
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Uniswap v4 Whitepaper Reveals New Features and Innovations for Decentralized Exchanges
Uniswap v3 already revolutionized the DEX landscape by providing liquidity providers (LPs) with enhanced flexibility in deploying their liquidity. LPs were able to simulate any static automated market maker (AMM)…
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Haru Invest Suspends Deposit and Withdrawal Requests Amid Investigation
Haru Invest, a prominent crypto financial services provider, has encountered an issue with one of its service partners. To ensure the protection of users’ assets entrusted to their custody, Haru…
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The Keep3r Network Exploited for 4,084 KP3R almost $200,000 USD
Thekeep3r (KP3R) platform, a significant player in the DeFi space, experienced a targeted attack that resulted in the loss of approximately 4,084 KP3R tokens, equivalent to around $200,000 USD. Thekeep3r…
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SturdyFinance On Ethereum Fall Victim To The Flash Loan Attack
SturdyFinance, built on the Ethereum blockchain, has encountered a devastating event—a flash loan attack. This malicious exploit has resulted in a substantial loss of 442 $ETH, amounting to approximately US…
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Solana Community Divided over Proposed Fork to Address SEC Concerns
Following the recent classification of Solana (SOL) as a security by the Securities and Exchange Commission (SEC), there has been a growing debate within the Solana community about the possibility…
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Ethereum Developers Reach Consensus on Dencun Upgrade: Boosting Data Storage and Reducing Fees
Ethereum developers came to a unified agreement regarding the comprehensive Dencun upgrade, which encompasses five Ethereum Improvement Proposals (EIPs). Understanding the Dencun Upgrade EIP-4844: Proto-Danksharding for Increased Data Storage The…
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Allegations of Fraud Against Curve Founder
Venture firms have come forward to accuse the founder of Curve, of orchestrating an elaborate fraud scheme. The allegations leveled against the founder have sent shockwaves through the startup community,…
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$100,000 Was Stolen From $OKLG Token, Rug Pull
A developer made a substantial transaction involving the sale of $OKLG tokens. The transaction, valued at 50 ETH The developer, identified by their Ethereum address 0xBBb0bB7EC7d45d1B22e6eC83ad329621fa4683754, executed a single transaction…
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The Decentralized Finance (DeFi) Sector Witnesses Surge in Liquidation Volume
The decentralized finance (DeFi) sector has recently experienced a significant surge in liquidation volume, reaching over $11 million, as reported by Parsec’s latest data. This milestone marks the highest recorded…
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Southern District Court Rejects SEC’s Appeals in Ripple Case
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CoinEx to Compensate Customers with Stolen $70 Million in Crypto
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Tether Resumes Lending Operations to Bolster Liquidity for Long-Term Clients
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