Beleaguered DeFi project xToken suffers second major exploit since May
xToken has been exploited for around $4.5 million following the latest attack targeting the DeFi protocol’s smart contracts. Go to Source Powered by WPeMatico
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Jack Dorsey Discusses Square Building a ‘Bitcoin-Native’ Dex Platform, Project Lead Shares Insight
On Friday, the CEO of Twitter and Square, Jack Dorsey talked about the decentralized exchange Square is constructing called “TBD” or the “TBD BTC DEX.” First mentioned in July, Dorsey tweeted that the company has “determined [TBD’s] direction and he also shared a Twitter thread written by Mike Brock, the TBD lead at Square. Jack … Read more
Cosmos (ATOM) rallies after launching a cross-chain bridge and wrapped Bitcoin
ATOM price booked triple-digit gains after the network built out its DeFi ecosystem and works on cross-chain bridges for ETH and BTC. Go to Source Powered by WPeMatico
Altcoin Roundup: Layer-one protocols chip away at Ethereum’s dominance.
Layer-one projects register a steady inflow of new users as the cost of using the Ethereum network gives projects like Avalanche and Cardano room to gain a foothold in the market. Go to Source Powered by WPeMatico
Jack Dorsey discusses plans to build a decentralized exchange for Bitcoin
First announced in July, Square’s TBD unit is developing a “non-custodial, permissionless, and decentralized financial services” business whose “primary focus is Bitcoin.” Go to Source Powered by WPeMatico
SEC reportedly contracts blockchain analytics firm to monitor DeFi industry
“The SEC is very keen on understanding what is happening in the world of smart contract-based digital assets,” said Victor Fang. Go to Source Powered by WPeMatico
The new episode of crypto regulation: The Empire Strikes Back
A decentralized exchange reckoning is coming — and it’s bigger than the infrastructure bill — thus, the DeFi community must be ready. Go to Source Powered by WPeMatico
Proof of humanity governance will make DeFi fairer, says Harjyot Singh
Cointelegraph interviewed the tech director at Human Protocol to discuss the company’s recent developments and the potential of proof-of-humanity. Go to Source Powered by WPeMatico
Will Polkadot save decentralized finance from Ethereum’s scaling problem?
Polkadot is trying to achieve scalability without compromising network security. Early signs suggest it may beat Ethereum 2.0 in the transaction fee race. Go to Source Powered by WPeMatico
DeFi TVL hits a record $157B as Ethereum competitors attract investors
Interoperability-focused projects that offer cross-chain bridges and lucrative liquidity mining pools are seeing an influx of funds right as DeFi’s TVL hit a new all-time high. Go to Source Powered by WPeMatico