Browsing:DeFi

MyShell Raises $11 Million for its Decentralized AI Consumer Layer
3 weeks ago 3 mins read

MyShell Raises $11 Million for its Decentralized AI Consumer Layer

Tokyo, Japan, March 27th, 2024 Funds from the Pre-Series A round led by Dragonfly will further develop MyShell’s open-source models and agent platform for empowering AI creators MyShell, a decentralized AI consumer layer, announced today that it has raised US$11 million in a Pre-Series A round, with participation from a cohort of high-profile investors, including Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, etc.  Prominent angel investors, such as former Coinbase CTO Balaji Srinivasan, NEAR Protocol Co-Founder Illia Polosukhin, former Paradigm Investment Partner Casey K. Caruso, and ex-Parafi partner Santiago R. Santos also joined the round,

DeFi Project Targets Multibillion-Dollar Market with Groundbreaking DeFi Debit Card Launch
4 weeks ago 3 mins read

DeFi Project Targets Multibillion-Dollar Market with Groundbreaking DeFi Debit Card Launch

Bankstown, Australia, March 23rd, 2024 DeFi project develops a globally-supported debit card for daily purchases and financial transactions. DeFi offers anonymity and worldwide accessibility but falls short in user experience and broader application in daily life. Xuirin Finance introduces a DeFi debit card to connect decentralized finance with everyday spending habits. Decentralized finance (DeFi) exists somewhat outside the regular financial system’s embrace. Its potential for innovation is frequently obscured by its complexity, making it an area primarily for those deeply involved in the crypto space. The divide between sophisticated DeFi platforms and the general public’s understanding of finance has been

Casino777 Expands in Europe, Considers Cryptocurrency Payments
3 months ago 4 mins read

Casino777 Expands in Europe, Considers Cryptocurrency Payments

Berlin, Germany, January 11th, 2024 Found in the Ardennes region of Belgium, Casino de Spa gets billed as one of the world’s oldest brick-and-mortar gaming establishments. The team operating this venue is also active in the online sector via the Internet gambling brand Casino777, which became available in the Dutch market in 2022, shortly after the Netherlands began regulating Internet gambling.  Recently, industry rumblings have popped up suggesting this top gaming hub may soon start featuring cryptocurrency deposits/withdrawals. CryptoNews and other coin-oriented trustworthy sources claim this possibility is indeed real, adding that Casino777 has been exploring implementing blockchain tech for months.  Currently,

Gelato’s Rollup Platform Expands Support to Optimism’s OP Stack, Launching Lisk Layer 2 Chain
4 months ago 4 mins read

Gelato’s Rollup Platform Expands Support to Optimism’s OP Stack, Launching Lisk Layer 2 Chain

Zug, Switzerland, December 19th, 2023 Gelato announces expansion of its all-in-one Rollup-as-a-Service (RaaS) Platform. In addition to supporting Polygon CDK, Gelato now also services the OP Stack, the Optimism Collective’s open-source, modular development framework. As part of this expansion, Gelato enables Lisk, a Layer 1 blockchain launched in 2016, to join the Ethereum ecosystem by migrating to an Ethereum Layer 2. Lisk will join OP Mainnet, Base, and other OP Chains as the first Layer 1 committing to Optimism’s Superchain vision. “Gelato’s expansion of support to the OP Stack underscores our mission to revolutionize the blockchain arena. By democratizing access to a modular blockspace, we’re

DeFi Community Shocked by Supply Chain Attack on Ledger ConnectKit
4 months ago 1 min read

DeFi Community Shocked by Supply Chain Attack on Ledger ConnectKit

Ledger ConnectKit fell victim to a supply chain attack, resulting in a significant security compromise known as a “rug-pull.” The vulnerability allows the injection of malicious code into various decentralized applications (dApps), posing a considerable threat to users and their assets. Web3 security firm Blockaid identified LedgerHQ’s ConnectKit, particularly versions beyond 1.1.4, as the compromised package in this attack. According to Ledger, the incident occurred when a former employee’s NPMJS account was compromised due to a phishing attempt earlier today. The malicious code, redirected to a hacker’s wallet using a rogue WalletConnect project, is under investigation. Ledger has pledged to

Sushi DeFi recently experienced a security breach via its Web3 connector
4 months ago 1 min read

DeFi Protocol Sushi Falls Victim to Exploit, Affecting Web3 Connector Users

Sushi, a well-known DeFi (Decentralized Finance) protocol, recently experienced a security breach via its Web3 connector, prompting the protocol’s Chief Technology Officer (CTO), Matthew Lilley, to issue a warning. As a precaution, users have been advised to refrain from using any decentralized applications (dApps) for the time being. The security incident involves a front-end exploit, which is a type of attack that alters the appearance of a website or application in order to deceive users. While the exploit does not directly target the protocol’s main wallets, it can manipulate the user interface to redirect funds and trick users into performing

A cyber attacker successfully executed a $50 million heist on the DEX KyberSwap
5 months ago 1 min read

KyberSwap Hit by $50M Cyberattack, Sending Shockwaves Through Multiple Platforms

A cyber attacker successfully executed a $50 million heist on the decentralized exchange KyberSwap, urging users to withdraw their assets as soon as possible. The attacker primarily targeted Ethereum and USDC funds, carrying out multiple attacks across multiple KyberSwap platforms. The hacker specifically stole $20 million from Arbitrum, $15 million from Optimism, and $7 million from Ethereum. The exploit exposed flaws in the exchange’s coding, affecting liquidity provider pools in particular. In an audacious move, the hacker left mocking comments, hinting at future negotiations and even making jokes about their location, stating, “Negotiations will begin in a few hours when

Zebec has launched Nautilus
8 months ago 5 mins read

Beyond Instant Payments: Zebec Launches Modular L3 Nautilus for Scalable Payment Streaming

New York, USA, August 21st, 2023 Zebec has launched Nautilus, a modular L3 network that supports its blockchain-based global payment infrastructure. Nautilus enables continuous payment streaming and real-time payroll services on a previously impossible scale. As a first-of-its-kind L3, Nautilus enables more than just instant payments. It can also facilitate Zebec Protocol’s live-payment streaming service at scale, made possible by the fastest EVM environment in web3. Capable of parallel transaction processing, Nautilus is built for scalability, interoperability, and security through interchangeable modules for consensus, settlement, data availability, and transaction execution. This modularity will have a significant impact on how web3 payment

AAVE and COMP leading the rally with a 30% surge.
10 months ago 2 mins read

AAVE and COMP Lead the DeFi Sector Rally with 30% Surge

The decentralized finance (DeFi) sector is witnessing a notable resurgence, with top tokens, including Uniswap, Aave, Compound, and Synthetix, outperforming the broader markets. In the past 24 hours, these DeFi assets have experienced significant double-digit gains, with AAVE and COMP leading the rally with a remarkable 30% surge. The rising interest in DeFi is evident as both the total value locked in DeFi protocols and the market cap of DeFi assets have witnessed a steady increase of over 10% in the last ten days. DeFi Tokens Outshine the Market While the top ten crypto assets by capitalization traded within a

A recent ruling by a US federal judge has resulted in the dismissal of a lawsuit against the DeFi platform PoolTogether.
11 months ago 1 min read

Federal Court Throws Out Lawsuit Against DeFi Platform PoolTogether

A recent ruling by a United States federal judge has resulted in the dismissal of a lawsuit against the decentralized finance (DeFi) platform PoolTogether. The judge determined that a federal court was not the appropriate venue for addressing concerns related to the DeFi startup. The lawsuit, filed by plaintiff Joseph Kent, alleged violations of gambling laws and consumer scams by PoolTogether in New York state. However, the judge found that Kent lacked standing to pursue the case as he had not suffered concrete harm at the hands of the defendants. While the lawsuit was dismissed, the judge mentioned that Kent

The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours
11 months ago 1 min read

Regulatory Pressure on Binance and Coinbase Fuels 444% Surge in DeFi Trading Volumes

The recent legal actions taken by the United States Securities and Exchange Commission (SEC) against leading cryptocurrency exchanges Coinbase and Binance have sparked a remarkable surge in trading volumes on decentralized exchanges (DEX). Over the past 48 hours, the median trading volume across the top three DEX platforms has witnessed a staggering 444% increase, reflecting the growing interest of crypto investors in alternative trading options. CoinGecko’s data reveals that Uniswap v3 (Ethereum), Uniswap v3 (Arbitrum), and PancakeSwap v3 (BSC), which collectively account for 53% of the total DEX trading volume in the last 24 hours, experienced a significant spike of

Blockchain & Metaverse Expo 2023 (ICBM Expo)
12 months ago 3 mins read

Get Ready for International Crypto, Blockchain & Metaverse Expo 2023 (ICBM Expo)

Get Ready for International Crypto, Blockchain & Metaverse Expo 2023 (ICBM Expo) – An Unforgettable Experience at the Crypto, Blockchain & Metaverse Exhibition! Are you looking to be part of an incredible event that will give you the best insight into the world of crypto, blockchain and metaverse? Look no further than International Crypto, Blockchain & Metaverse Expo ICBM Expo will take place on 7th – 8th Sep 2023 at Festival Arena Dubai. This is one of the most highly anticipated crypto conferences & exhibition of the year and you don’t want to miss out on this incredible opportunity to