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What DeFi Must Sacrifice to Appease Regulators
17.4.2023
The “internet financial system” is a pro-compliance, but pro-privacy framework to build crypto protocols which satisfy regulators and consumers
Hundred Finance loses $7m in an exploit on Optimism solution
17.4.2023
PeckShield recently reported that Hundred Finance lost over $7 million in an attack. The blockchain security firm announced that the attack took place on the L2 Optimisim scaling solution. The attacker used 200 WBTC to exploit the lending protocol on April 15. The attacker donated WBTC to boost...
Kyber Network Advises Liquidity Providers to Withdraw Funds Amid Vulnerability, Token Drops 2%
17.4.2023
Decentralized finance (DeFi) protocol Kyber Network has advised liquidity providers on its Elastic product to withdraw funds after finding a potential vulnerability, it said in a tweet
Lamina1 Is Building for the Open Metaverse
17.4.2023
Co-founders – including the man who coined the word "metaverse" – envision the next iteration of Web3 to be interoperable, fair to artists and creators, and accessible to all. This expansive vision is why Lamina1 is one of CoinDesk’s Projects to Watch 2023
Nansen Makes Sense of On-Chain Activity
17.4.2023
Being able to spot trends in on-chain transactions gives users insight and information to navigate the cryptocurrency financial system. Making transparency practical is why Nansen is one of CoinDesk’s Projects to Watch 2023
Regen Network Calculates the Real Price of Our Actions
17.4.2023
A trio of sustainability consultants designed a layer 1 blockchain that mints ecological assets and measures the true environmental costs of manufacturing and other commercial enterprises. That’s why Regen Network is one of CoinDesk’s Projects to Watch 2023
Hundred Finance Suffers $7 Million Loss in Optimism Hack – Here's What Happened
17.4.2023
Multi-chain lending protocol Hundred Finance has fallen victim to a hacking attack which enabled the theft of about $7 million worth of crypto. The attacker accessed the funds via Optimism, an Ethereum layer-2 blockchain.
"Once again we hope the hacker will reach out back to us and we will...
Attractive Yields Drive Millions Into DeFi Liquidity Manager Gamma; TVL More Than Doubles
17.4.2023
The total value locked (TVL) across DeFi protocol Gamma has jumped by 102% in the past month as investors attempt to secure annual returns in excess of 10% from staking
Crypto Lender Amber Group Weighs Selling Japan Unit: Bloomberg
17.4.2023
Managing partner Annabelle Huang said that despite Japan being a "high quality market ... regulations are strict."
CoinDesk Indices Joins With Luno to Help South African Users Track Crypto Investment Bundles
17.4.2023
The partnership will see launch of Luno Large Cap Bundle, helping customers to easily manage and maintain different investment strategies
Hundred Finance loses $7 million in Optimism hack
16.4.2023
The attacker reportedly manipulated the exchange rate between ERC-20 tokens and hTOKENS to steal over $7 million from the protocol
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
16.4.2023
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8%...
G20 Finance Chiefs Agree Global Policy Responses to Crypto Are Required
16.4.2023
The G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister. “Any action on crypto assets will have to be global,” she stressed, adding that the G20 finance chiefs’...
Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork
15.4.2023
Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase in ether deposits over the last 30 days. Since March...
Chia Network Files for IPO With the SEC, Eyes Public Listing
15.4.2023
On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the...
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
15.4.2023
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide...
Less than 1% of staked ETH estimated to be sold after Shapella: Finance Redefined
14.4.2023
The top 100 DeFi tokens surged along with the broader crypto market as the total value locked peaked at a new yearly high of over $54 billion
Olympus DAO Votes to Buy More ETH for Treasury Backing OHM Token
14.4.2023
The rebalancing comes as ether rallies off a successful Shapella upgrade
Avalanche Surges to 6-Month High in Daily Active Addresses
14.4.2023
The spike in daily active addresses coincided with a bevy of financial institutions joining Avalanche’s Evergreen subnet “Spruce.”
Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means
14.4.2023
DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding