DeFi

AllianceBlock and ABO Digital Collaborate Offering Alternative, Organized Financing for Crypto Initiatives

In order to provide tokenized structured products for institutions and crypto projects looking for alternative forms of financing, AllianceBlock, the company creating seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure, announced today that it is collaborating with ABO Digital, the private digital asset investment arm of Alpha

March 16, 2023 4 mins read

Stars Arena Exploited of $2.88 Million Worth AVAX Token

Euler Finance Offers Hacker Two Choices: $20M Bounty or Legal Action

Attempting to negotiate with the hacker who stole millions from its Ethereum-based non-custodial lending protocol, Euler Finance has demanded the restoration of 90% of the stolen funds within 24 hours or face legal penalties. On March 14, Euler Labs sent an offer to the hacker responsible for the $196 million

March 15, 2023 2 mins read

Bullish Pressure Captures WOO Market as Buying Spree Accelerates

Decentralized Exchanges Record Massive Sales Volume Surge

This past weekend saw a surge in trading activity for USDC across many decentralized exchanges. The 11th of March was the day when Uniswap’s volume was the largest ever, at $11.84 billion. Yet, it isn’t the first decentralized protocol to gain popularity. This occurs following the weekend de-pegging incident of

March 14, 2023 2 mins read

Crypto Market Is Bouncing Back. Does It Indicate a Crypto Bubble?

Past weekend has given a panic attack to every other person in the financial sector, whether the conventional banking arena or the crypto market. The current week has started quite positively now. Bitcoin (BTC) moved up from $19.6K to $24.8K. The intense rise in the price and sudden drop is

March 14, 2023 2 mins read

DeFi Project SafeMoon Exploited of $8.9 Million Post-Recent Upgrade

DeFi Platform Euler Finance Loses $197 Million in Flash Loan Exploit

According to audit platform BlockSec, the decentralized finance (DeFi) platform Euler Finance was the victim of an attack worth over $196.9 million. Hackers made off with $135.8 million worth of Staked Ethereum (stETH), $33.8 million worth of Circle’s stablecoin USDC, and $8.7 million worth of the decentralized stablecoin DAI. Euler

March 13, 2023 1 min read

Privacy-focused Brave Browser Now Allows Selling Crypto Within Wallet

On Friday, Brave, a web browser with an emphasis on privacy, announced the launch of a new feature. It enables users to trade their crypto for fiat currencies such as US dollars, Euros, or British pounds without leaving the Brave Wallet. Since major cryptocurrency exchanges misused client funds and finally

March 11, 2023 2 mins read

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

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