According to statistics from analytics company Parsec financial, on-chain liquidations across Ethereum’s decentralized finance protocols hit a new annual high, with positions liquidated totaling over $350 million in the preceding 24 hours. This is happening as the market volatility has spiked and the crypto market as a whole has been
The UBIT Blockchain Ecosystem Hackathon 2024, organised by Coinstore Labs, has wrapped up, marking a significant milestone for the blockchain development community. With developers from over 30 countries submitting 102 projects, the event showcased innovative solutions and advanced technology, promising to benefit the UBIT chain and shape the future of
A security vulnerability forced the temporary suspension of all activities on the Casper Network, a blockchain platform known for its decentralized applications. After discovering the hack, the Casper Network team quickly worked with validators to put the network on suspension. In order to lessen the blow of the security compromise
Decentralized finance (DeFi) crypto exchange dYdX restored its version 3.0 website after a DNS hijacking attempt on July 23. The team restored the website three hours after announcing the compromise. https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. 🙏 Please note that your machine may still be caching the
Web3 has been a buzzword within tech circles over the past three years. This latest iteration of the internet became popular following the debut of decentralized finance (DeFi) and non-fungible tokens (NFTs) in 2021, along with more nascent digital asset niches such as real-world asset (RWA) tokenization. But despite being
Flare, the layer 1 blockchain for data, is thrilled to announce that the SparkDEX team has opted for deploying their sophisticated decentralized finance hub on the network, which includes an AMM and perps protocol. By doing this, SparkDEX will take use of the decentralized data access provided by Flare’s entrenched data
Last week, an agreement was filed in court by the two parties involved in the KeyFi and the founder Jason Stone’s link to the insolvent crypto lender Celsius. This settlement follows a series of lawsuits and countersuits. As part of the settlement deal, Celsius will get a plethora of assets
The crypto market has entered a calm phase, staying stable and quietly building momentum. Altcoins, currently at low prices, sit poised on the edge of a potential explosive growth. Enthusiasts and investors watch closely, as any small change could ignite a new bull run. In the midst of this tension,
IPOR Labs, the company behind the IPOR interest rate derivatives protocol and IPOR Fusion, has announced its sponsorship of the biggest Ethereum ecosystem event in Europe – ETHcc[7]. IPOR Labs founders, quants, and engineers are coming to Brussels to discuss DeFi asset management and present IPOR Fusion – a meta
Base, the Ethereum layer-2 blockchain developed by a U.S. crypto exchange Coinbase, has marked a remarkable surge in its total value locked (TVL), surpassing Blast. According to DefiLlama, Base’s TVL stands at $1.549 billion and Blast’s TVL at $1.525 billion, a one-day change of 1.56% and 5.75% respectively. Total value
