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Combined TVL Across All DeFi Platforms Nears $50 Billion

On Saturday, May 6, 2023, the total TVL across all DeFi platforms was $49.31 billion, with Lido Finance in the lead with a 24.82% stake, or $12.24 billion.  Since last month, Lido’s TVL has increased by 9%, with a modest weekly growth of 2.42%. MakerDAO, Aave, Curve Finance, and Uniswap

May 7, 2023 1 min read

Hacker Exploits DeFi Protocol DEUS Finance for Over $6 Million

Over $6 million worth of the stablecoin DEI used by the Decentralized Finance (DeFi) protocol DEUS Finance was stolen. PeckShield, a blockchain security company, claims that on May 5 a hacker took advantage of a flaw in the BNB Smart Chain (BSC). More than $1.3 million was stolen in a

May 7, 2023 2 mins read

Kazakhstan Collects Approx $7 Million in Tax From Crypto Miners in 2022

Local media outlets indicate that in 2022 after a new rule was passed to regulate the financial burden of cryptocurrency mining, the government of Kazakhstan collected 3.07 billion tenge (about $7 million) in tax payments from crypto mining businesses. As of April 27th, 2023, the government has earned 240 million

May 7, 2023 1 min read

DEX SushiSwap Releases V3 Liquidity Pools on Multiple Networks

To improve the sector’s overall capital efficiency, decentralized exchange SushiSwap has released concentrated V3 liquidity pools, on more than a dozen networks. According to a statement released by the exchange on Thursday, this is the largest-scale implementation of such pools to date. div align=”center”> Concentrated Liquidity, everywhere.Capital Efficiency, anywhere. 🔥

May 6, 2023 2 mins read

Binance Expands its Ecosystem with Exciting Announcements

Binance Pay, the payment platform of Binance, has partnered with Yesim. This collaboration offers unlimited data rewards for using the Binance app. This move by Binance Pay is aimed at incentivizing users to use the Binance app for their everyday transactions. Yesim is a telecommunications company based in Turkey that

May 6, 2023 2 mins read

Upbit Announces SUI Token Listing Ahead of Mainnet Launch

Upbit, the biggest cryptocurrency exchange in South Korea, has joined other major exchanges like Binance, Coinbase, OKX, Huobi, and others because of the widespread interest in the Sui network and its native token, SUI. Developed by Mysten Labs, the Sui mainnet for the DPoS Layer 1 blockchain is set to

May 3, 2023 2 mins read

Casper (CSPR) Price Prediction 2023 — Will CSPR Hit $0.5 Soon?

In Casper (CSPR) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about Casper to analyze the future movement of the cryptocurrency. Casper (CSPR) Current Market Status Current Price $0.05942 24 – Hour Trading Volume $17,374,858 24 – Hour Price Change 1.68% Up Circulating Supply 10,983,418,543

May 2, 2023 9 mins read

Sui Token: A Deep Dive into Its Rising Popularity

Sui Network has gained attention as the first permissionless Layer 1 blockchain. As a result of Arbitrum’s successful airdrops, it is one of the projects that people are most interested in receiving this year.  Sui is a proof-of-stake blockchain with horizontal scalability and storage that is completely decentralized. It aims

May 2, 2023 1 min read

Wormhole Connect Launches to Simplify Cross-Chain Interoperability for Application Developers

Developers can now connect their dApps and users to 22 blockchains with as few as 3 lines of code GEORGE TOWN, Cayman Islands–(BUSINESS WIRE)–Wormhole Foundation today announced the launch of Wormhole Connect, a simple cross-chain integration solution for decentralized applications (“dApps”). Wormhole Connect will provide developers with access to token

May 1, 2023 2 mins read

DEX Merlin and CertiK Working on Reimbursement Plan Post Exploit

CertiK, a blockchain security company, and Merlin, a decentralized exchange (DEX) powered by zkSync, are collaborating on a proposal to compensate consumers whose funds were stolen in a recent hack. On Thursday, Merlin disclosed that the incident—widely interpreted as an exploit—was actually a rug pull. It was done by a

April 27, 2023 1 min read