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SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms
4.2.2022
A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced concerns regarding a new proposal that could give the securities regulator new powers to regulate cryptocurrency platforms and decentralized finance (defi) protocols. New SEC Proposal Could Hurt the Crypto Industry...
Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit
4.2.2022
On February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said...
Jump Crypto replenishes funds from $320M Wormhole hack in largest-ever DeFi 'bailout'
3.2.2022
The venture capital firm dug into its own pockets to restore trust in the Wormhole ecosystem
4 DeFi Insurance Protocols Building Safety Nets for Crypto Investors
3.2.2022
Decentralized finance (DeFi) is one of the most impactful innovations in the global crypto markets, enabling crypto traders and investors to earn double/triple-digit yields on their holding.
However, using DeFi applications comes with its own share of risks, with protocol hacks being relatively...
a16z-backed TrueFi launches DeFi lending market for asset managers
3.2.2022
Ali Yahya, a general partner at Andreessen Horowitz, told Cointelegraph that TrueFi will “bring the unique advantages of DeFi to a wider and global user base.”
Solana price 'bear flag' paints $50 target as Wormhole hack exposes security hole
3.2.2022
The bearish continuation setup could push Solana price dropping to nearly $50 in the sessions ahead
Solana v Praze uspořádá globální blockchainový, DeFi a NFT hackathon
3.2.2022
Blockchainová platforma Solana, která před pár dny představila novou službu Solana Pay, chystá velkou akci v Praze. Od prvního do sedmého března se zde uskuteční Prague Hacker House, jenž je součástí globálních hackathonů Solana Hacker House
Augmented Finance Integrates ChainLink for Improved Protection
3.2.2022
Following other crypto projects, Augmented Finance has entered a partnership with ChainLink to improve the performance of its platform across blockchains. It is not easy to sustain a successful platform amidst the growing competition in the DeFi sector. So, firms are increasingly looking...
The 4th Largest Crypto Theft Shows DeFi Weakness as Hacker Nets USD 325M in Solana's Wormhole
3.2.2022
The DeFi bridge between Solana (SOL) and other blockchains Wormhole lost wETH 120,000 (USD 325m) in a hack, once again stressing the weaknesses of this nascent sector. The team offered the hacker a USD 10m bounty if they return the funds.
In their latest update (12:41 AM UTC), Wormhole...
UK tax agency cracks down on rules around DeFi lending and staking
3.2.2022
“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK," said the executive director of CryptoUK Ian Taylor
Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum
3.2.2022
Reports indicate that the Wormhole Network’s ethereum ↔ solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network...
How to Use Layer-2 Solutions to Save on Ethereum Fees: Immutable X
2.2.2022
The Ethereum (ETH) network has been struggling to scale, plagued with skyrocketing gas fees and slow transaction confirmation times. Following the explosion of decentralized finance (DeFi) and non-fungible tokens (NFTs) over the last two years, the strain on the network has become palpable...
This Is Why TradFi Will Integrate DeFi into Global Finance
2.2.2022
Hisham Khan is the Co-founder and CEO of Aldrin, a developer of a DeFi ecosystem.
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Read More: This Is Why TradFi Will Integrate DeFi into Global Finance
ConsenSys Acquires MyCrypto to Strengthen Partnership with MetaMask
2.2.2022
ConsenSys announced the addition of MyCrypto, a deep-rooted Eth interface, on February 1st, to collaborate with the industry-leading Web3 wallet, MetaMask. MyCrypto and MetaMask will collaborate under a single banner to increase the safety of all products and give users a consistent experience...
SEC's proposed rule on exchanges could threaten DeFi, says Crypto Mom
1.2.2022
“The proposal includes very expansive language, which, together with the chair’s apparent interest in regulating all things crypto, suggests that it could be used to regulate crypto platforms,” said Hester Peirce
MyCryptoMetaMask Ethereum Move, Solana Pay, Bitcoin Savings Plan + More News
1.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: MyCryptoMetaMask Ethereum Move, Solana Pay, Bitcoin Savings Plan + More News
Panther Protocol’s $ZKP Token Launches, Sets to Revolutionize Private Finance
1.2.2022
In the growing DeFi panorama, both institutional traders and retail investors are starting to notice the inherent privacy issues with the most popular Layer-1 blockchains. The extreme transparency of L1s such as Ethereum, Solana, and Avalanche, to name a few, leaves investors vulnerable to attacks...
Wonderland DeFi Protocol to Shut Down After Fraud
1.2.2022
The Wonderland DeFi Protocol has announced its closure after revealing that its treasury manager was a convicted felon. Wonderland was thrown into disarray after a Person on Twitter revealed 0xSifu’s true identity as Michael Patryn. He must have earlier pled guilty of credit card theft...
How a game engine for DeFi could facilitate accelerated development
1.2.2022
It’s not just scalability: could a new smart contract development paradigm be the key to unlocking mainstream DeFi?
Luna Jumps as Terra Asks USD 38M From Community to Fund an Undisclosed Sports Partnership
1.2.2022
Terra co-founder Do Kwon has requested TerraUSD (UST) 40m from the community, a decentralized stablecoin running on Ethereum (ETH), in order to fund a Terra Brand partnership with an undisclosed sports franchise describes as "one of the four major American professional sports leagues" – seeing...