Symbiosis integrates zkSync: ‘Natural evolution’ of scaling solutions
Cross-chain DeFi platform Symbiosis has integrated zkSync to improve transaction speed and reduce fees on its automated market-making protocol. Go to Source Powered by WPeMatico
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Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered
According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex … Read more
US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. … Read more
Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count Surges
In the past 20 days, the Arbitrum blockchain has recorded a significant number of transactions coinciding with the recent ARB airdrop that occurred on March 23. About two weeks ago, on that day, the Arbitrum network recorded an all-time high of 2.72 million transactions settled in 24 hours. L2 Network Arbitrum Records 2.72 Million Transactions … Read more
North Korea and criminals are using DeFi services for money laundering — US Treasury
Despite the warnings on DeFi, Treasury noted that “most money laundering, terrorist financing, and proliferation financing” occurred using fiat or outside the crypto ecosystem. Go to Source Powered by WPeMatico
Arbitrum poses new governance proposals after community furor
The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its original. Go to Source Powered by WPeMatico
Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrade
Ethereum price found news bullish momentum as traders gear up for next week’s major network upgrade. Go to Source Powered by WPeMatico
Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains
On Monday, April 3, the decentralized exchange (dex) platform Pancakeswap launched version 3 of its protocol (v3) on the Binance Coin (bnb) and Ethereum blockchains. The new application aims to improve the performance of the dex protocol and reduce fees by implementing four levels of trading fees. New Features and Improved Capital Efficiency Offered in … Read more
PancakeSwap changes its recipe with the launch of Version 3
PancakeSwap has released version 3 of its BNB Chain, Aptos and Ethereum-based DeFi platform, touting improved performance and lower fees. Go to Source Powered by WPeMatico
Arbitrum to break up governance votes after community backlash
The Arbitrum Foundation has backtracked on a controversial proposal and ratification vote that gave it control of a huge chunk of tokens. Go to Source Powered by WPeMatico