According to audit platform BlockSec, the decentralized finance (DeFi) platform Euler Finance was the victim of an attack worth over $196.9 million. Hackers made off with $135.8 million worth of Staked Ethereum (stETH), $33.8 million worth of Circle’s stablecoin USDC, and $8.7 million worth of the decentralized stablecoin DAI. Euler
Rootstock improved its DeFi environment for the Bitcoin ecosystem with seven new solutions and moved closer to full decentralization. In February 2023, Rootstock integrated with seven additional protocols, providing consumers greater freedom from the limitations imposed by conventional finance. Moreover, the BTC/rBTC two-way peg’s locking cap has been taken off. As
Despite receiving an offer from asset management NovaWulf Digital Management, insolvent crypto lender Celsius Network said on Wednesday that it was in talks with another possible buyer and would continue to seek more offers. During a hearing in Manhattan’s bankruptcy court, attorney Chris Koenig stated that Celsius is open to
Ajay Kumar Choudhary, Executive Director of the Reserve Bank of India (RBI) let out glimpses of the CBDC plan. The central government of the nation and the union bank are in process of building CBDC as a replacement for crypto. Ajay is confident over the fact, CBDC will emerge as
According to a report by Bloomberg, Babel Finance, a crypto lending platform located in Hong Kong, wants to develop a decentralized stablecoin that will be used to repay the firm’s debtors. Babel co-founder Yang Zho is now the company’s sole director. He is at the heart of the restructuring efforts.
This past Friday, Uniswap Labs announced the release of a new mobile wallet, only to have Apple’s App Store block it. This mobile application will be completely autonomous and open-sourced. The group claims they submitted the mobile app months ago, but are still waiting for clearance. Meanwhile, Uniswap Labs made
Sweat Economy, a Web3 initiative intended to reveal the economic value of movement, is commencing in the United States. On September 12, the Sweat Wallet app will debut, together with its native token, $SWEAT, marking the first anniversary of the venture’s worldwide start. Since its Token Generation Event (TGE) in September
After declaring bankruptcy in July 2022, Voyager Digital has been looking at numerous options for reviving the firm ever since. At first, there was an agreement with FTX, which was terminated when that company collapsed soon after FTX won the auction for its assets. Ultimately, FTX would file a lawsuit
Users who had hoped to benefit from the decentralized finance (DeFi) initiative built on the Arbitrum blockchain lost $2 million. When the Hope Finance Twitter account posted a warning about the fraud on February 21, it was picked up by Web3 security company CertiK. It’s hard to find out any
Composable Finance’s current CEO has strongly denied claims of legal wrongdoing made by the company’s former CTO, Karel Kubat. Kubat tweeted about his resignation from the company on February 20. Along with a litany of charges against the business and its CEO. In addition, Kubat said that he was retiring
