The DeFi protocol KyberSwap lost $48.8 million due to a major vulnerability that occurred on November 22. The company plans to compensate individuals who were impacted financially. In response, KyberSwap is setting up a grant program to compensate those impacted by the incident using funds from its treasury. Affected persons
As the crypto world navigates another tumultuous year, the specter of cybercriminals looms large. A string of heists has plagued the industry, amounting to over $735 million siphoned across 69 hacks so far in 2023, marking a staggering surge in digital theft. Among these, six stand as emblematic examples of
The world of cryptocurrencies and decentralized finance (DeFi) is constantly evolving, and among the latest innovations capturing attention is the rise of Real World Assets (RWAs). In this deep dive, we’ll explore what RWAs entail, their significance, top projects in 2023, institutional adoption, regulatory considerations, and their impact on DeFi.
The decentralized trading protocol Uniswap’s native token UNI has stormed into the spotlight, surging by a staggering 16% in just a day, reaching an impressive three-month high of $6.28 hours ago. This surge coincided with a remarkable 74% spike in trading volume, marking a significant milestone for the cryptocurrency. The
At a time when many altcoins are correcting, Thrupenny (TPY) has shown that it may be able to withstand any storm the crypto market faces. In the last seven days, the price of TPY has increased by 19.11%. The last 24 hours have not been so rosy as the cryptocurrency
In the burgeoning world of decentralized finance (DeFi), Holdstation stands as a beacon of innovation, poised to revolutionize the way users interact with blockchain-based assets. Powered by cutting-edge Account Abstraction technology, Holdstation seamlessly bridges the gap between the centralized finance (CeFi) experience and the decentralized ethos of DeFi. By streamlining
DeFi platform Raft lost about $3.3 million in Ethereum (ETH) after hackers attacked it on Friday. However, the attacker may have incurred a loss on the crime. According to the information available on the blockchain, a hacker stole 1,577 ETH from Raft and promptly transmitted 1,570 ETH to a burn
After a judge in Delaware bankruptcy court accepted Celsius Network’s customer payback plan on Thursday, the defunct crypto lending firm is on pace to emerge from bankruptcy. The proposal, filed with the bankruptcy court on October 2, proposed allocating $450 million to start up a new company. Dubbed NewCo, it will
On November 10th and 11th in Barcelona, 50 international experts and electronic music stars like Fedde le Grand will come together to create an unparalleled professional agenda and enjoy an incredible party. Top-notch conferences, trading, immersive workshops, exhibitions by international WEB3 companies, games and tournaments, virtual reality experiences, documentaries, and
October instilled a notion of optimism within the crypto space. From Bitcoin’s foray into $35,000, the global crypto market entering the greed zone to signs of recovery in non-fungible tokens (NFTs) and decentralized finance (DeFi), it went through a rollercoaster ride of hype and skepticism. There’s a growing curiosity in
