Kyber Network offers bounty following $265K hack of decentralized exchange
“As a bug bounty, we are offering you 15% of the funds if you return it and have a conversation with our team,” said Kyber Network. Go to Source Powered by WPeMatico
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FBI Warns About Decentralized Finance Exploits and the Losses Associated With Them
The United States Federal Bureau of Investigation (FBI) has issued a public service announcement about exploits attackers have recently used to steal cryptocurrency from investors that put money on decentralized finance (defi) platforms. The organization also advised crypto investors to do their own research and verify that the decentralized finance platforms chosen were audited by … Read more
Why DeFi, GameFi and SocialFi are horizontals in the Metaverse
Read this article to know why DeFi, GameFi and SocialFi are not just verticals but also horizontals in a metaverse. Go to Source Powered by WPeMatico
Celsius Countersues Keyfi Founder, Company Claims Millions Were Stolen From Crypto Lender’s Wallets
Roughly seven weeks after Keyfi founder Jason Stone filed a lawsuit against the crypto lender Celsius, the company has filed a countersuit against Stone claiming that he stole millions from Celsius wallets and allegedly “pocketed seven-figure returns.” Stone’s attorney Kyle Roche says the lawsuit is an attempt to “rewrite history,” and to use Stone as … Read more
Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours
During the last 24 hours, crypto asset prices have improved as the global cryptocurrency market capitalization today has risen 1.9% to $1.07 trillion. Interestingly, the two so-called ‘defeated’ Terra blockchain tokens, now called terraclassicusd (USTC) and luna classic (LUNC), have seen significant gains. LUNC has climbed 8% higher during the past 24 hours and the … Read more
Where today’s DEXs are falling short, explained
Users expect decentralized platforms to do more than facilitate trades; platforms also deliver optimal prices and reward opportunities. Go to Source Powered by WPeMatico
DeFi needs to start creating real-world value if it wants to survive
Crypto adoption should be about more than speculative trading outside of your regular bank account. Go to Source Powered by WPeMatico
Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations
According to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from Uniswap’s server. 30 out of the 253 Blocked Addresses Are ENS Domain Names, Uniswap … Read more
Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours
The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion, … Read more
What is CeDeFi, and why does it matter?
CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of use. Go to Source Powered by WPeMatico