A report titled Decentralized Finance was produced by the Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee’s Digital Assets and Blockchain Technology Subcommittee. Earlier, the Department of Treasury issued a report in April regarding the risks of illicit financing in DeFi. The report urged federal regulators to engage with the
The DeFi world is expanding and evolving rapidly, with new projects emerging and disappearing all the time. However, there are some early indications that big things may be in store for the future. Retik Finance (RETIK) is a new ecosystem that focuses on user-friendly DeFi solutions, and it is generating
The world of cryptocurrencies is always abuzz with predictions and speculations about the future prices of various tokens. Ethereum, often referred to as the king of smart contract platforms, has long been a subject of such discussions.Currently valued at $2,241.86 as of writing, Ethereum has shown remarkable growth, leaving many
The DeFi token Lido DAO (LDO) gained attention because of its spectacular price increase. On January 6, the cryptocurrency reached a new 52-week high of $3.60 and gained more than 15% as per data from CoinMarketCap. Spot On Chain reported on twitter that in the wee hours of Saturday, a
The potential to transform a modest $10 investment into a substantial $100 is undeniably enticing, particularly within the volatile and frequently unpredictable realm of cryptocurrency. While realising such a feat demands a combination of fortuitousness and deliberate risk-taking, January 2024 brings forth a host of captivating prospects. This article delves
Algorand (ALGO), Retik Finance (RETIK), and IOTA are three such tokens that have caught the attention of those looking for rapid growth opportunities. Algorand, known for its scalable and secure blockchain, promises a seamless platform for decentralized applications.Retik Finance introduces innovative features like DeFi debit cards and AI-powered lending, carving
An Ethereum-based liquidity management protocol, Gamma Strategies, has been exploited. As a result of this occurrence, which included the illicit removal of digital assets worth $3.4 million, Gamma has taken some measures in handling the ensuing events. In determining the scope of this vulnerability, the blockchain security company PeckShield was
In yet another significant exploit, Radiant Capital, a cross-chain lending system, had 1,900 Ethereum (ETH) stolen worth $4.5 million. PeckShield, a blockchain security and analytics company, reported about the incident first. A recent hacking event on RDNT Capital led to the loss of 1.9k ETH, or over $4.5 million, according
January 3rd 2024 — Klaytn Foundation, established to build and decentralize the ecosystem of South Korea’s leading Layer 1 blockchain Klaytn, announced today that Klaytn Governance Council (GC) member CREDER has launched $GPC (Gold-Pegged Coin), a digital asset pegged to the real-time market price of gold; and Goldstation, a decentralized
There was an assault on Orbit Chain’s cross-chain bridge recently, which led blockchain security organizations to estimate that about $100 million worth of cryptocurrency was stolen in December. According to PeckShield, December saw the fifth-highest number of attacks in 2023, owing to the $81.5 million Orbit Bridge cross-chain bridge vulnerability,
