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
After uncovering an issue in one of its features, the DeFi lending protocol Aave immediately shut down a number of markets. On November 4th, the problem was discovered, affecting many networks and certain assets on the Avalanche and V2 platforms. Additional safeguards on the Polygon, Arbitrum, and Optimism networks have
Validation Cloud, a Web3 infrastructure platform, has introduced a staking-as-a-service platform for institutions. Through the platform’s smart contract automation, institutions may deploy validators in large quantities and get rewards. The platform is non-custodial and allows institutions to stake as needed. Validation Cloud has made sure that its platform complies with
Onyx Protocol, a DeFi initiative, has suffered a security breach and lost almost $2.1 million worth of Ethereum (ETH) currency due to flash loan exploits. According to the findings, the Onyx protocol exploiter’s wallet address has 1,164 ETH, or almost $2.1 million. In order to steal from the oPEPE market,
Recent information suggests that the trading bot Team Unibot has been exploited. This bot allows DeFi users to purchase and sell tokens on Uniswap V3 without ever leaving their Telegram applications. In addition, the hacker seems to have traded meme coins from Unibot users for ETH. The tokens exploited are
Cryptocurrency adoption has been on the rise recently, but it comes with a dark side as hacks and scams are also growing. The years 2022 and 2023 have been particularly damaging for the crypto world. In 2023, hackers managed to steal $1 billion, a 60% decrease compared to the previous
DeFi’s total value locked, a key metric for programmable blockchains, is on the rise in the second layer solutions market, which is dominated by Ethereum. In spite of a lacklustre market, the net TVL of the 30 most popular platforms has increased by 32% over the past four months. The
While crypto enthusiasts are currently rejoicing in the market’s upward momentum, there are still individuals who haven’t moved on from the challenges of Q3 2023. The quarters of July, August, and September of 2023 marked a bear-driven phase with staggering losses across the Web3 ecosystem. In total, $685,510,444 was lost
