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Web3 Lost Nearly $4 Billion To Fraudsters Last Year - Will Things Improve in 2023
7.1.2023
The crypto industry lost approximately $4 Billion worth of digital assets to hacks, fraud, scams, and rug pulls last year, a more than 50% decline compared to over $8 billion stolen in 2021.
According to a recent report by Immunefi, a bug bounty and security services platform for the Web3...
Tarot Protocol becomes a part of the Round Table by Camelot
5.1.2023
Camelot has published an official blog to announce the addition of Tarot Protocol to the Round Table consisting of key Arbitrum builders. The aim is to build sustainable liquidity for its native token, $TAROT, on Arbitrum for further innovation and opportunities. The first farm goes live on January...
End User Scams and Phishing Attacks in Web3: Are They Being Underreported?
4.1.2023
According to Christian Seifert, an expert in cybersecurity, end users in the cryptocurrency space are facing numerous attacks that often go unreported. In order for widespread adoption to occur, it is necessary to address the security concerns of Web3 technologies and increase the trust of...
Better liquidity operations from Inverse Finance in 2023
4.1.2023
Inverse Finance’s treasury working group, with the close association of the RWG, has successfully been able to chalk out plenty of liquidity-oriented plans of action, in the case of the DAO, ever since the month of April. This activity has been carried out with the sole aim and intention of being...
Let’s get ready for plentiful alterations in cvxCRV staking!
3.1.2023
There have been made and incorporated plentiful alterations where staking in cvxCRV is concerned. In the absolute present scenario, cvxCRV staking can take place in the platform, where there is an intention and aim of gaining normal Curve administration fees, which otherwise would have been in...
Constellation network’s fractional soft node staking initiative is live
2.1.2023
As reported by reliable sources, thankfully, $DAG holders have some great breaking news. Putting it simply, if all goes well, $DAG holders will, by long odds, have the opportunity to stake their $DAG on a monthly basis; however, they will be able to do so in the first three days of a month....
Fuse Gold collaborates with PoR & secures the minting function
30.12.2022
Fuse Gold, which happens to be a tokenized gold protocol supported by LBMA-approved gold, happens to be kept in vaults all over the United Kingdom. At present, it has decided to incorporate Chainlink Proof of Reserve (PoR) to secure the FUSEG minting function, which is duly carried out on the...
COTI updates its fee structure
30.12.2022
COTI’s economy became more dynamic after the team announced that it had decided to modify the fee structure based on the feedback given by its community. One factor that will remain constant is the streamlining of fees and their distribution as rewards. The new fees model lowers the deposit...
Gamma Strategies gets positioned live on Arbitrum
29.12.2022
Gamma Strategies has now been successfully positioned live on the Arbitrum. As an entity, Arbitrum has reached its pinnacles over some time and, as of date, happens to have become the fourth biggest in terms of the overall ecosystem. However, where the L2 ecosystem is concerned, it is now...
Blueberry collaborates with Chainlink Build Program to speed up automated LP3 adoption
28.12.2022
Blueberry is extremely pleased and takes a great amount of pleasure in making its announcement of joining hands with the Chainlink BUILD Program. This will provide them with unlimited access to all of Chainlink’s absolute top-of-the-line industry-oriented oracle services. There will also be...
Eisenberg, the Mango Market Exploiter, gets arrested in Puerto Rico
28.12.2022
In a bug development to the case of Mango Market exploitation, Avraham Eisenberg has been arrested by the Justice Department in Puerto Rico. Also known as the Mango Market Exploiter, Eisenberg is charged with committing fraud and manipulating the Mango Market by manually inflating the prices...
Oryen Network (ORY) presale challenges DeFi projects like Aave (AAVE) and Near Protocol (NEAR)
26.12.2022
Oryen Network (ORY), a multi-use cryptocurrency platform with features such as staking, trading, and assets management, has seen significant growth since the launch of its presale. Offering a fixed APY of 90%, 0.177% daily rewards paid out every 60 minutes, and an auto-staking feature enabled...
1inch Network: A major upgrade release by Fusion
26.12.2022
1inch Network has published an official blog post to share the details about its major upgrade, Fusion. The aim of releasing the upgrade is to ensure that users profit from the swaps with an additional layer of security. This automatically sets high standards in terms of user experience and cost...
New Report Shows DeFi Outperforming Traditional Finance in Market Conditions
22.12.2022
Decentralized finance (DeFi) still demonstrates greater potential than the traditional financial industry, despite recent setbacks, a new report has found.
The report, prepared by the crypto-focused investment firm Hashkey Capital, said the scalability of DeFi solutions already surpass that...
Stake your cake on PancakeSwap with the all-new Syrup pool on Aptos!
21.12.2022
PancakeSwap takes the opportunity of making its official announcement of successfully launching its Syrup Pools on Aptos. However, this has relevance with its constant endeavor to become the absolute top-of-the-line multichain decentralized exchange (DEX). Where they are concerned, stAPT Syrup Pool...
Pods proudly complete a $5.6 Million seed round
20.12.2022
Pods, the popular DeFi company, recently announced raising over 5.6 million dollars to develop structured crypto assets products. The round had names like Framework Ventures, IOSG, 4RC, Republic, etc., as investors. Rafaella Baraldo, CEO and Founder of Pods, talked about the development. Baraldo...
TEL staking goes live in the Telcoin App
20.12.2022
From here on, all of the Telcoin users will be in the position of staking the Telcoin (TEL) token. They will also have the opportunity to refer new users to connect with the app. In the bargain, they will receive up to 42% of the trading fees accrued by the referred user. However, this entire...
This Solana-Based Decentralized Exchange Was Just Exploited – Here’s What Happened
17.12.2022
Raydium, one of the largest decentralized exchanges (DEXes) on the Solana blockchain, has been exploited to the tune of over $2 million.
The protocol announced early Friday that an attacker had managed to overtake the organization’s “owner authority,” which offered them access to funds, and used...
Lodestar Finance loses $6.9 million to an attacker’s manipulation on GLPOrcale
13.12.2022
Lodestar Finance, one of the best Money Markets in the industry at the moment, has lost nearly $6.9 million funds to an oracle exploit. The hacker has drained all the deposits, forcing the platform to set its interest rate to zero. Negotiations are underway by the platform. Until then, the zero...
This DeFi Protocol Just Got Hacked for $6.9 Million – Here’s What Happened
12.12.2022
Lodestar Finance, a DeFi protocol built on Ethereum’s Arbitrum network, lost $6.9m in an exploit over the weekend where an attacker was able to manipulate a price oracle.
In a statement published on Sunday, the team behind Lodestar admitted that the hack has created “a bad situation” and that...