Ethereum’s latest proposal, EIP-7781, was introduced by Illyriad Games co-founder Ben Adams on Oct. 5. The proposal aims to cut block times from 12 seconds to eight seconds. This reduction would increase Ethereum’s network throughput by 50%, benefiting decentralized finance (DeFi) platforms and decentralized exchanges (DEXs). Prominent figures like Vitalik
Brazil’s Central Bank (Banco Central do Brasil) is advancing its Drex central bank digital currency (CBDC) project by integrating decentralized finance (DeFi) elements. Currently, the initiative is in its second pilot phase. It aims to enhance financial inclusion and improve transaction efficiency within Brazil’s evolving digital economy. The pilot program
The Solana-based Jupiter crypto price has surged by over 10% following the Federal Reserve’s decision to cut interest rates by 50 basis points. The rally has pushed Jupiter’s market capitalization to just over $1 billion, resulting in the Jupiter price exceeding $0.80 for the first time in several weeks. Beyond
The crypto world never sleeps, and while Bitcoin continues to dominate the headlines, a new coin in the PropFi (Proprietary Finance) space is quickly gaining traction among investors. This coin, FXGuys ($FXG), is making waves as it looks set to deliver extraordinary returns, with some analysts suggesting it could turn
The U.S. Securities and Exchange Commission (SEC) declared a settlement with Solana-based DeFi platform Mango DAO and Blockworks Foundation for selling unregistered crypto assets known as “MNGO” tokens. This settlement also involved Mango Labs, which was accused of engaging in unregistered broker activities related to the sale of various cryptocurrencies
The crypto sector continues to face an alarming wave of cyberattacks, with a recent breach involving the Bedrock protocol adding to the growing list of DeFi exploits. Ten hours ago, Cyvers Alert, a digital asset monitoring platform, flagged a suspicious transaction linked to Bedrock, a DeFi multi-asset liquid restaking protocol.
Cybersecurity firm Cyvers has identified a significant breach at Bankroll Status, a decentralized finance (DeFi) platform on the BNB Chain, resulting in losses of approximately $230,000. Cybersecurity experts attribute the attack to the notorious DualPools hacker group. Cyvers flagged the suspicious transaction as part of a broader malicious operation. Their
Bitget exchange has reached a new milestone, surpassing 45 million users worldwide, CEO Gracy Chen announced at its sixth-anniversary celebration in Singapore. This achievement highlights the platform’s rapid growth. The platform experienced major user growth in regions like Africa (1,614%), South Asia (729%), and Southeast Asia (216%) in 2024. According
The dYdX, a decentralized cryptocurrency exchange (DEX) focused on perpetual futures, is set to enter the prediction markets sector. This move will allow users to place leveraged bets on events such as political outcomes, sports results, or asset prices, using the platform’s perpetual futures contracts. This initiative is part of
Cryptocurrency’s active community has combated several scams since the very beginning. However, in the recent 9-month duration of 2024, a surge in crypto scams has been observed. The surge has occurred both in terms of the amount of funds lost and in the magnitude of the hacks. Recently, DeltaPrime DeFi
