An elite group of ethical hackers has formed a “SEAL” team dedicated to aiding defenses in the crypto space. Since its inception in August 2023, the Security Alliance team, led by renowned white hat hacker and Paradigm researcher Samczsun, has completed over 900 hack-related investigations. The SEAL team’s efforts are
With the goal of increasing the ARB token’s usefulness and fortifying governance security, the Arbitrum DAO has green-lit a temperature check proposal. After more than 25,000 participants gave the proposal their unanimous 91% approval, on Aug. 15 the onchain voting came to a close. At its heart, the proposal is
The DeFi Education Fund (DEF) recently settled with True Return Systems LLC (TRS) involving a patent dispute for Decentralized Finance (DeFi) protocols. On Monday, DEF announced that it had purchased a patent from TRS, resolving ongoing lawsuits against MakerDAO and Compound Protocol. The patent, U.S. Patent No. 10,025,797, covers “oracle-like”
On August 5, the decentralized finance (DeFi) protocol Aave showed notable strength amid a severe crypto market plunge. Aave generated $6 million in revenue from decentralized finance liquidations. This spike in revenue is a response to economic events, like the interest rate hike by the Bank of Japan and the
According to statistics from analytics company Parsec financial, on-chain liquidations across Ethereum’s decentralized finance protocols hit a new annual high, with positions liquidated totaling over $350 million in the preceding 24 hours. This is happening as the market volatility has spiked and the crypto market as a whole has been
The UBIT Blockchain Ecosystem Hackathon 2024, organised by Coinstore Labs, has wrapped up, marking a significant milestone for the blockchain development community. With developers from over 30 countries submitting 102 projects, the event showcased innovative solutions and advanced technology, promising to benefit the UBIT chain and shape the future of
A security vulnerability forced the temporary suspension of all activities on the Casper Network, a blockchain platform known for its decentralized applications. After discovering the hack, the Casper Network team quickly worked with validators to put the network on suspension. In order to lessen the blow of the security compromise
Decentralized finance (DeFi) crypto exchange dYdX restored its version 3.0 website after a DNS hijacking attempt on July 23. The team restored the website three hours after announcing the compromise. https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. 🙏 Please note that your machine may still be caching the
Web3 has been a buzzword within tech circles over the past three years. This latest iteration of the internet became popular following the debut of decentralized finance (DeFi) and non-fungible tokens (NFTs) in 2021, along with more nascent digital asset niches such as real-world asset (RWA) tokenization. But despite being
Flare, the layer 1 blockchain for data, is thrilled to announce that the SparkDEX team has opted for deploying their sophisticated decentralized finance hub on the network, which includes an AMM and perps protocol. By doing this, SparkDEX will take use of the decentralized data access provided by Flare’s entrenched data
