DeFi

Bitcoin’s DeFi Functionality Boosted Thanks to Rootstock’s New Features and Locking Limit Removal

Rootstock improved its DeFi environment for the Bitcoin ecosystem with seven new solutions and moved closer to full decentralization. In February 2023, Rootstock integrated with seven additional protocols, providing consumers greater freedom from the limitations imposed by conventional finance. Moreover, the BTC/rBTC two-way peg’s locking cap has been taken off. As

March 10, 2023 3 mins read

Fahrenheit Wins Auction To Acquire Insolvent Celsius Network Assets

Celsius Network Open For Higher Bids Post NovaWulf Offering

Despite receiving an offer from asset management NovaWulf Digital Management, insolvent crypto lender Celsius Network said on Wednesday that it was in talks with another possible buyer and would continue to seek more offers. During a hearing in Manhattan’s bankruptcy court, attorney Chris Koenig stated that Celsius is open to

March 9, 2023 1 min read

Stars Arena Exploited of $2.88 Million Worth AVAX Token

Tender.Fi Awards $97k Bounty to Hacker for Returning Funds

With the lure of a $97,000 Ether reward, the hacker responsible for the vulnerability on the decentralized lending platform Tender.fi has returned the stolen assets. At 10:28 am UTC on March 7, an exploit was carried out, and Tender.fi confirmed the event on Twitter shortly afterward, saying that there had

March 8, 2023 1 min read

Babel Finance Proposes Launching New Stablecoin To Repay Debtors

According to a report by Bloomberg, Babel Finance, a crypto lending platform located in Hong Kong, wants to develop a decentralized stablecoin that will be used to repay the firm’s debtors. Babel co-founder Yang Zho is now the company’s sole director. He is at the heart of the restructuring efforts.

March 6, 2023 1 min read

Multichain DEX Platform PancakeSwap Announces Release of Version 3

Earlier today, PancakeSwap, a multichain Dex platform, announced the release of its third version, dubbed PancakeSwap v3. The application launch on Binance Smart Chain (BSC) is scheduled for the first week of April. Accessible via a streamlined interface, the updated software will provide users with a number of useful new

March 5, 2023 1 min read

Apple’s App Store Approval Delays Uniswap Labs Mobile Wallet Launch

This past Friday, Uniswap Labs announced the release of a new mobile wallet, only to have Apple’s App Store block it. This mobile application will be completely autonomous and open-sourced. The group claims they submitted the mobile app months ago, but are still waiting for clearance. Meanwhile, Uniswap Labs made

March 4, 2023 2 mins read

Prominent Dapp ‘Sweat Economy’ All Set to Debut in The United States

Sweat Economy, a Web3 initiative intended to reveal the economic value of movement, is commencing in the United States. On September 12, the Sweat Wallet app will debut, together with its native token, $SWEAT, marking the first anniversary of the venture’s worldwide start. Since its Token Generation Event (TGE) in September

March 3, 2023 2 mins read

Insolvent Voyager Digital Starts Liquidating Crypto Assets to Coinbase

After declaring bankruptcy in July 2022, Voyager Digital has been looking at numerous options for reviving the firm ever since. At first, there was an agreement with FTX, which was terminated when that company collapsed soon after FTX won the auction for its assets. Ultimately, FTX would file a lawsuit

February 28, 2023 1 min read

Lawsuit Against DeFi Platform PoolTogether Dismissed by Court

Lawsuit Against DeFi Protocol Maker Dismissed by U.S Court

According to court documents released on Wednesday, a federal judge rejected a class action complaint that claimed investors on Maker, one of the major decentralized finance protocols, lost almost $8 million due to the platform misrepresenting dangers. Over-collateralized debt positions on the Maker platform were allegedly portrayed as more safe

February 26, 2023 2 mins read

Arbitrum-based DeFi Initiative Hope Finance Exploited of $2 Million

Users who had hoped to benefit from the decentralized finance (DeFi) initiative built on the Arbitrum blockchain lost $2 million. When the Hope Finance Twitter account posted a warning about the fraud on February 21, it was picked up by Web3 security company CertiK. It’s hard to find out any

February 21, 2023 1 min read