In a recent announcement, Stars Arena, Friend Tech’s Avalanche-based competitor, revealed a protocol attack that led to the loss of 266,103 AVAX tokens, or almost $2.88 million. Concerns regarding the security of smart contracts and the larger blockchain ecosystem have been raised. As a result of this shocking disclosure. Stars
Lacking commercial demand and facing worldwide regulatory challenges, Yield Protocol, a decentralized finance (DeFi) lending protocol, has stated its intention to shut down before the end of the year. We’ve made the tough decision to wind down the Yield Protocol. The March 2024 fixed rate series will not be launched.
The CFTC is putting a lot of effort into decentralized finance (DeFi). CFTC Chair Rostin Behnam has made it clear that aggressive regulation of this developing field is not negotiable, a month after the agency resolved accusations against key DeFi protocols. Behnam made a striking comparison during his talk at
Prepare to embark on an extraordinary journey beyond the confines of ordinary possibilities at “Tokenizing Tomorrow,” presented by Aspire Solutions. Set against the awe-inspiring backdrop of Dubai’s iconic Palms, this event, unfolding this September, is nothing short of a revelation. Tokenizing Tomorrow is your exclusive gateway to a realm where
Earlier today, security company SlowMist announced that the Mixin Network had been attacked. They discovered the flaw by digging into the platform’s cloud storage. The security group has said they are collaborating with Mixin to analyze the event and gauge its severity. Mixin confirmed the incident occurred on September 23
Since its August debut, Coinbase’s layer-2 network Base has seen its TVL soar to an all-time high of $397.32 million, beating Solana’s TVL ($358.96 million). According to DefiLlama’s statistics, Base has made remarkable strides in the previous 30 days, with the network’s TVL increasing by a massive 97.21%. The TVL
Linear Finance suddenly announced today through twitter that its native stablecoin, LUSD, may be vulnerable to an exploit assault. The team has taken swift action in response, which has caused widespread alarm among crypto users. 🗣️Urgent Update Re $LUSD 📢 The Linear stable coin $LUSD appears to be under an
A significant expansion to its upcoming staking programme has been announced by the delegated liquid staking protocol stake.link. The introduction of a number of new features and improvements will support stake.link’s status as the leading Chainlink staking solution. The new features made public by stake.link are intended to benefit from
Standard Chartered’s crypto-arm, Zodia Custody, intends to provide payouts on cryptocurrency assets for its customers. In order to provide investors with the opportunity to earn yield while taking use of the advantages of blockchain technology. The cryptocurrency custodian has collaborated with OpenEden to provide the “Zodia Custody Yield” service. According
Aiming to redefine access for dApp developers, Orderly Network proudly announces its strategic partnership with global crypto payment giant, MoonPay. This union stands as a testament to the growing push for self-custody and a clear transition from Centralized to Decentralized Finance (DeFi). Despite the surge in DeFi adoption, many enthusiasts
