Over $6 million worth of the stablecoin DEI used by the Decentralized Finance (DeFi) protocol DEUS Finance was stolen. PeckShield, a blockchain security company, claims that on May 5 a hacker took advantage of a flaw in the BNB Smart Chain (BSC). More than $1.3 million was stolen in a
Optimism, an Ethereum-based layer 2 companion blockchain, is going to utilize the Ethereum Attestation Service (EAS). The Ethereum Attestation Service (EAS) is an on-chain attestation system. That enables users to assess the integrity of the platform’s users and vouch for whether anything transpired on the blockchain. The Ethereum Attestation Service
RenQ Finance has been one of the most exciting projects in the DeFi space, with a strong team and a focus on cross-chain interoperability. The project’s presale has been an immense success, with the final stage of the presale almost complete, having already sold 80% of the available tokens. This
RenQ Finance (RENQ) is a decentralized finance (DeFi) platform that has been gaining a lot of attention in the cryptocurrency market. With its innovative features, strong community support, and growth potential, RenQ Finance is considered by many to be the most promising project of 2023. In its ongoing presale, RenQ
Lending protocol on Polygon and Polygon zkEVM, 0VIX, purportedly exploited to the tune of $2 million. Multiple stablecoins, including Ethereum and Polygon’s native MATIC token, as well as Aavegotchi’s staked vGHST token, may be used as collateral thanks to this protocol. Aavegotchi is a blockchain-based game that takes inspiration from
A Permanent Testnet deployment has been made available on Sui’s public testnet by Turbos Finance, a non-custodial decentralized exchange (DEX) on the Sui network that enables spot and derivatives trading. This crucial stage coincides with the Sui Network’s preparations for its May 3, 2023 debut. With the help of Mysten
Findora, a cutting-edge Layer-1 blockchain that combines auditability and privacy to support regulatory compliance, has announced the release of its Findora Triple Masking SDK, a universal set of privacy-preserving solutions for Web3. Developers have an easy method to include zero-knowledge proofs into their decentralized applications thanks to the Findora Triple Masking SDK.
CertiK, a blockchain security company, and Merlin, a decentralized exchange (DEX) powered by zkSync, are collaborating on a proposal to compensate consumers whose funds were stolen in a recent hack. On Thursday, Merlin disclosed that the incident—widely interpreted as an exploit—was actually a rug pull. It was done by a
The UK Tax Authority is considering making substantial changes to the regulation of DeFi lending and staking, which may have far-reaching consequences for the future of crypto taxes. This recent move is an indication that the government of the United Kingdom is striving to guarantee that crypto-related activities are taxed
Even though the crypto industry has seen substantial growth this year, volatility has been a constant. In spite of this competition, Uniswap has maintained its position as the decentralized market leader. Across all blockchains, it still commands over $4 billion in total value locked (TVL), making it one of the
