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How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger
11.3.2023
USDC stablecoin is depegging at an alarming rate, falling to as low as $0.89, way off its $1 peg.
Volatility is expected to continue throughout the weekend as panic sets in after the Silicon Valley Bank collapse.
The failure of SVB is hurting the reserve position of USDC, which is issued...
Today in Crypto: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling Decentralized Text-based App
10.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling...
DEFYCA to launch and deliver a protocol on Avalanche
10.3.2023
The digital securities platform DEFYCA, based in Luxembourg, is getting ready to add its own protocol to the Avalanche public blockchain. Market participants and DeFi protocols will be able to connect with actual and securitized yields from the opaque private debt market that has been reserved...
0x Project x KyberSwap Elastic: Better access to Elastic liquidity
9.3.2023
Kyber Network recently shared an update with the community, informing them on Twitter about the integration of 0x Project with KyberSwap Elastic. The objective is to create a liquidity source on Polygon and Ethereum, thereby enabling users to access Elastic liquidity on all 0x trade routes....
Unlocking the power of DeFi: Orbeon Protocol (ORBN), Aptos (APT), and Hedera (HBAR) at the forefront
8.3.2023
Orbeon Protocol (ORBN), Aptos (APT), and Hedera (HBAR) are three leading platforms that are at the forefront of unlocking the full potential of DeFi. In this article, we will explore these platforms and how they are transforming the world of decentralized finance. Orbeon Protocol (ORBN)...
Iron Bank brings out the big gun, holds Alpha Homora’s users’ funds hostage to cover debt
7.3.2023
We have seen the crypto industry and staking services go down in recent months. The time has now come for decentralized finance to feel the burn of the community. This came to light after Iron Bank announced holding back the users’ funds of Alpha Homora. Funds are being held hostages to cover...
InfinitySwap’s EVMC on Internet Computer blockchain
6.3.2023
As part of the entity’s future plans and endeavors, InfinitySwap is actively building the first-ever Bitcoin-enabled Ethereum Virtual Machine Canister (EVMC) on the Internet Computer blockchain. It is common knowledge that Decentralized Finance (DeFi) is making its presence felt in the finance...
LiquidDriver collaborates with RAMSES on Arbitrum
3.3.2023
LiquidDriver has delightedly announced its partnership with RAMSES decentralized exchange, which is an inventive ve (3,3) decentralized exchange on Arbitrum. RAMSES is a creative ve (3,3) decentralized exchange that has expertly adapted Andre Cronje’s Solidly vision. It focuses on three main...
Optimism pitted against Arbitrum for the top spot
1.3.2023
The heavy competition that has been brewing for a while now is beginning to heat up further amongst Ethereum’s Layer 2 blockchains. The point in question happens to be the fact of which one of them will be hitting the top spot in terms of scaling the number one smart chain network. The prime...
New milestone for The Graph: Avalanche, Arbitrum & Celo listed
28.2.2023
Per the announcement made by The Graph Network, it has now listed three more chains, namely Avalanche, Arbitrum, and Celo, on the network. This gives developers more options to construct their decentralized applications on these chains. Calling it a significant milestone, The Graph has suggested...
Factor & SushiSwap collaborate for integration and vault partnership
27.2.2023
Factor took to Twitter to announce its integration and vault partnership with SushiSwap, bringing the capability to enable the community to access its liquidity and assets. The future holds potential for the partnership between Factor and SushiSwap, with both of them exploring cross-chain swaps...
Tornado Cash Developer is in Jail But There Are Hints of a Comeback for the Crypto Mixer Regulators Hate
27.2.2023
Tornado Cash developer Alexsey Pertsev remains in jail after facing money laundering charges for creating the mixing service, but a recent tweet by Ameen Soleimani, the co-founder of SpankChain and Reflex Labs, suggests the crypto mixing service could soon have its comeback despite the legal woes...
DeFi Giant Maker Emerges Victorious as US Judge Dismisses $28M Lawsuit Filed Against It by Crypto Investors
25.2.2023
A US judge has dismissed a class-action lawsuit against DeFi crypto lender Maker that alleged the platform misrepresented risks investors faced, leading to catastrophic losses of collateral on MakerDAO back in 2020.
According to a court document filed on Wednesday, the “Black Thursday” lawsuit...
Jump Crypto Trading Firm Strikes Back: Recovers $140 Million Stolen Crypto from Wormhole Hack – Here's What Happened
25.2.2023
Jump Crypto, the Chicago-based crypto arm of Jump Trading that helped develop DeFi project Wormhole, has managed to counter-exploit the Wormhole protocol hacker and retrieve $140 million worth of tokens.
According to a recent blog post, a coordinated effort between Jump Crypto and Oasis, which...
Feds discover DeFi’s alleged $340 million Ponzi scheme
24.2.2023
Centralized exchanges are under threat of being reprimanded by regulators in the US. When it appeared that things would be limited to the exchange sector, it was discovered that another sector was preparing for a serious allegation: decentralized finance (DeFi). In light of recent events, the...
Platypus Finance divulges its plans for recouping
24.2.2023
Following the $9.1 million hack, Platypus Finance has sought advice from security professionals to address two of its primary concerns. The first is the ability to retrieve as much of the money as possible, and the second is revealing the hacker’s identity. In a first start, Platypus Finance...
Polygon decides to lay off 100 employees
24.2.2023
Despite how challenging it was, Polygon Labs ultimately made the difficult choice to lay off 100 employees. That actually equates to a respectable 20% of their entire team. Nevertheless, what appears to be remarkable is that they were able to raise $450 million a while back to carry out their...
Hope Finance announces theft of $1.86 million
23.2.2023
Hope Finance recently announced that it had been the victim of a $1.86 million theft. The project Tomb-fork, situated in Arbitrum, purportedly sent a tweet mentioning that the perpetrator is apparently a team member. According to trustworthy sources, it is also believed that the theft was committed...
COTI’s turning point: more than half a billion $COTI deposited
23.2.2023
Ever since the entity successfully launched the COTI Treasury, it has been able to witness an extremely speedy pace of growth. At the present moment in time, it boasts of having been able to accumulate more than half a billion $COTI. It has, in actuality, become the very backbone of the COTI...
Impossible collaborates with Arbitrum to expand the ecosystem
22.2.2023
Impossible Finance, a crypto investment platform, announced its integration with Arbitrum to make crypto opportunities accessible to every user. Impossible has always been progressive in expanding the ecosystem and offering everyone the finest projects. To achieve its vision, Impossible has...